October 2017/4

With the third quarter earnings season around the corner, the market is waiting to see how much of a toll the recent hurricanes had on results, and what it is likely to mean for full-year earnings

Brokers and reinsurers fought for position at the PCI annual meeting in Chicago last week ahead of a 1 January renewal that looks increasingly difficult to call.

Three proceed to second round of Sovag run-off sale

Generali has awarded exclusivity to Compre in the sale process for its circa EUR200mn ($235mn) legacy book, The Insurance Insider can reveal.

Investors in both reinsurers and in insurance-linked securities (ILS) are looking for rate rises at the 1 January renewals and failing to meet those expectations could dull their interest in the sector.

Make no mistake about it, at times like these, the modelling and ratings agencies are the de facto regulators of the marketplace.

A look-up table of all the Q3 loss announcements so far by company

Look-up tables of all the Q3 loss announcements so far by event

Swiss reinsurers posted an overall underwriting loss in 2016 as their collective non-life combined ratio increased by 10 percentage points year-on-year to 106 percent, data from the Swiss Financial Market Supervisory Authority (Finma) shows

The stars finally seem to be aligning for the legacy market, which has spent years waiting patiently for the anticipated wave of liabilities to arrive.

Mapfre has indicated to its reinsurers that it expects the global umbrella catastrophe layer that sits at the top of its programme to run clean from Hurricane Maria, The Insurance Insider understands.

Rate softening in the European reinsurance market will come to an end in January as the insurance sector responds to a $100bn third quarter cat bill.