The first European catastrophe reinsurance renewals have priced, and may point the way towards low single-digit rate increases for international cat accounts at 1 January.
An expected hardening in (re)insurance pricing may not be enough to offset pressure from high expenses and lower reserve releases at London market carriers, Fitch Ratings has warned.
For a medium supposed to set people free, it is amazing how the development of the worldwide web has corralled us into various silos.
Credit Suisse-managed reinsurance vehicles Humboldt Re and Kelvin Re have both had their A- ratings confirmed by AM Best, after the ratings agency said that each would record an underwriting loss this year.
The slow encroachment of the Canadian pension funds into (re)insurance is one of the phenomena of the prevailing low interest rate environment.
As US casualty treaty market negotiations continue in the build-up to 1 January there is growing evidence that a number of leading reinsurers are exerting downwards pressure on ceding commissions that could drive a shift in pricing dynamics.
Schroders has launched a life insurance-linked securities (ILS) fund with $750mn of committed capital spread across several mandates.
The London Stock Exchange-listed Blue Capital Alternative Income Fund anticipates a median return of about 15 percent for next year, with a return of 10 percent for a mean loss scenario.
Allianz Global Corporate & Specialty (AGCS) has promoted Yogesh "Yogi" Virji to lead its UK cyber team while hiring an additional underwriter from Principia Underwriting.
After 15 years of downward pricing pressure, underwriters in the airline market finally secured a 3 to 5 percent increase in lead premiums in the key fourth quarter renewals, The Insurance Insider understands.
The UK government gave a reprieve to the financial services sector last week by addressing a potential tax hit that could have increased the cost of Brexit-related restructuring.
Airline insurers are having a better renewal than they have had for a long time. Composite rates are probably up a few points in the aggregate and lead premium is higher too if you squint at it.
Munich Re primary carrier Ergo Group is pushing into middle market commercial insurance through the launch of Poland-based Ergo International Corporate Solutions (EICS)
Rising claims severity and more than a decade of compounding rate reductions have led carriers in the international professional indemnity (PI) market to reassess their involvement in the class and demand price increases at renewal.
The Bank of England has called for UK and EU legislation to safeguard existing cross-border insurance and derivatives contracts to avoid problems paying claims post-Brexit.
Guarantee Insurance controlling shareholder and former Patriot National CEO Steven Mariano received transfers from Guarantee for no clear business purpose, weakening the carrier's financial position, a Florida accountant has alleged.
The Canada Pension Plan Investment Board (CPPIB)'s backing of Bermudian reinsurer Ascot Re is a further $1bn commitment to the (re)insurance industry by the pension fund.