Swiss Re has confirmed preliminary discussions with Japan’s SoftBank Group that could lead to a significant minority investment in the big European reinsurer by the conglomerate.
Property underwriters are facing the possibility of another full-limit loss in the Caribbean as a claim for damage to the Frenchman's Reef beach resort rises into the hundreds of millions of dollars, The Insurance Insider can reveal.
Pockets of hardening have emerged in the commercial property sector for US primary habitational and coastal hotel risks in the wake of 2017 catastrophes and mounting attritional losses.
Everest Re smashed fourth quarter earnings forecasts with operating profits that were up 53 percent to $556mn, aided by favourable prior-year development and a reduction in loss estimates for the Q3 cat events.
