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Everest Re has reported 25% growth in gross written premiums in Q3 2021. Given the scale of catastrophe losses suffered in Q3, it’s no surprise that Everest Re ceded more of its gross premiums during the period. While this growth continues, managing the catastrophe exposure...
The Q3 2021 fee income included $6.8 million in other insurance related income, with $13.4 million for the nine-months. It also included $11.5 million as an offset to general and administrative expenses for Q3 and $32.6 million for the nine-months. These added revenue streams are ...
The reinsurance company has reported a 112% combined ratio for Q3 2021 and a 102.7% combined ratio for the first nine-months. SCOR continued to grow its property and casualty reinsurance business through Q3. Analysts have called SCOR’s quarterly and nine-month results "bett...
The company reported a relatively significant uplift in its reinsurance recoverable after Q3 2021. Chubb's global reinsurance business fell to an underwriting loss for the quarter. Chubb has a robust business that can weather significant catastrophe events. For further detai...
RenRe reported that noncontrolling interests, which includes and largely comprises its third-party capital and ILS investors, would have over $322 million of these claims attributable to them. While the catastrophe losses and the ramifications of them are clearly going to be in focus ...
Travelers had eroded through almost 80% of the retention for its aggregate catastrophe reinsurance layer by the end of the first-half of 2021. By the end of Q1 Travelers had accumulated some $915 million of qualifying losses towards the aggregate retention of its reinsurance, with tha...
Rating agency Moody’s Investors Service has revised its outlook for the global reinsurance industry from negative to stable, saying that price increases are set to drive stronger earnings for the sector going forwards. Casualty pricing also remains strong, Moody’s said, ...
The devastating earthquake that struck the Caribbean nation of Haiti on August 14th is only expected to drive insurance industry losses of around US $250 million, while we’re hearing some parametric contracts are exposed. The impact of the quake has been significant in the affe...
The reinsurance market and insurance-linked securities (ILS) capital providers, have long-needed to put a floor under rates, to ensure they are covering their outgoings over the longer-term. There is perhaps more reason than ever before for reinsurance capital providers to ensure...
Both Germany and China have experienced their most costly insured natural disaster loss events in history in July, with both largely related to the impacts of devastating flooding, according to insurance and reinsurance broker Aon. Germany is expected to face around US $20 billion in ...