Reinsurance

RMS says Faxai insured losses could hit $9bn

RMS has come out with an initial insured loss estimate for Typhoon Faxai of between $5bn (500bn yen) and $9bn (950bn yen).

Munich Re’s US growth ambition remains challenging despite hardening market: Jefferies

German reinsurance giant Munich Re will need to fight off competitors Swiss Re and Scor if it is to make good on its ambition of engineering substantial P&C growth in the US market, according to equity analyst Jefferies.

Reinsurers go back to basics as 1.1 negotiations get underway

Where Monte Carlos past have often provided a stage for grandstanding on rates or visions for growing the market, this year’s Rendez-Vous was about getting back to the fundamentals of the deal as buyers and sellers seek a path to improved profitability.

Tight retro market to impact 1.1 reinsurance renewal

The significantly tighter retro market is likely to have a greater impact on reinsurer behavior at 1.1 than a hardening primary insurance market will, as buyers are forced to switch from aggregate and other alternatives to more expensive traditional occurrence and ultimate net loss (UNL) coverages.

Hyperion hires JLT Re Colombia trio

Hyperion has continued its recent path of recruiting JLT staff with a trio of Colombia-focussed reinsurance brokers led by Miami-based Andres Posada, The Insurer can reveal.

How climate change is influencing reinsurance buying patterns

Scor’s head of cat research, Junaid Seria, spoke to The Insurer about the importance of assessing cat risk tolerances in light of the impact of climate change on extreme weather events.

Where next for (re)insurance M&A?

In the first half of 2019, M&A in the global (re)insurance industry hit its highest level for four years. Activity was up in most regions, driven by a surge of deals in Europe that had previously been put on hold due to Brexit preparations, strong economic fundamentals in the US and positive growth prospects for the (re)insurance sector in Asia Pacific. But looking ahead the outlook might not be so rosy… 

US and Caribbean Dorian loss close to $5bn: Karen Clark

Karen Clark & Company (KCC) has estimated total insured losses from Hurricane Dorian in the US and Caribbean will be $5.23bn.

(Re)insurance stocks enjoy strong 2019 despite summer sell off

Non-life (re)insurance stocks have continued to do well in 2019, despite an equities sell-off in July-August, but traded ILS has remained relatively moribund after the traumas of 2017-18. 

Swiss Re back on top of global reinsurance rankings

Swiss Re has reclaimed the top spot in AM Best’s list of the world’s largest reinsurers, boosted by 4.7 percent growth in its 2018 reinsurance gross written premium (GWP).

Improving casualty reinsurance market shows signs of sustainability

Casualty reinsurers are increasingly optimistic that improving deal dynamics driven by a hardening primary insurance market are sustainable into 2020 and beyond.

Securing the talent pipeline in reinsurance

Dieter Winkel on the importance of investing for the future.

Axa XL simplifies reinsurance structure, Watson to retire

Axa XL has made several executive appointments in a new simplified reinsurance organisational structure, including combining its Bermuda and London platforms to create a global markets business.

Akinova chooses Openfin operating system

Insurtech Akinova has teamed up with software provider Openfin as it seeks to create a secondary market for the re-trading of (re)insurance risks.

Investments upturn pushes reinsurance capital up 8% in H1: Willis Re

JJ Johnson joins Trean Intermediaries

Former JLT Re executive Horace “JJ” Mann Johnson has reemerged at expansive reinsurance broker Trean Intermediaries as managing partner, The Insurer can reveal.

Guy Carpenter to segment business further; eyes public sector growth

Guy Carpenter North America will continue to invest in the segmentation strategy that has led to significant traction in its specialty practices for mutual/regional insurers, as well as MGAs and the public sector, The Insurer can reveal.

Aon launches global accident, health and life reinsurance division

Aon has created a global accident, health and life practice group in its Reinsurance Solutions business, broadening its existing capabilities with Roger Smith, previously head of accident, health and life for EMEA at Aon Reinsurance Solutions, taking the helm as chairman.

Ward working on multi-line (re)insurance MGA start-up

Former Willis Re executive Conan Ward is talking to high-rated carriers, investment funds and technology firm Qomplx about a potential MGA platform that would look to write reinsurance, retro and select facultative and insurance lines, The Insurer can reveal.