News

News

Swiss Re in talks to sell minority stake

Zurich-based reinsurance giant Swiss Re is in talks with Japanese conglomerate SoftBank Group regarding a potential minority investment in the reinsurer, according to a Feb. 7 statement.   8 February 2018

Insurance

Beazley reports 8% reinsurance price rise in US at January renewals

A record-breaking catastrophe year 2017 has allowed Beazley to increase reinsurance prices by 3 percent in non-US business and 8 percent in US business at January 2018 renewals.   8 February 2018

Insurance

XL Catlin appoints CUO international financial lines

Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL).   8 February 2018

Insurance

Australia’s Insurance Council Board appoints three directors

The Insurance Council of Australia (ICA) has made three new appointments to its board of directors.   8 February 2018

Insurance

Four high-rise buildings partly collapse in M6.4 Taiwan earthquake

At least four high-rise buildings partly collapsed or are leaning precariously after an M6.4 earthquake struck north of Hualian, Taiwan on Tuesday, Feb. 6, according to catastrophe modelling firm AIR Worldwide.   8 February 2018

Insurance

Cyber insurance could be credit negative for insurers: Fitch

Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings.   7 February 2018

Alternative Risk Transfer

Reinsurance capacity set to rise to $427bn

The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best.   5 February 2018

Insurance

Western European re/insurers enjoy upgrades despite challenges: AM Best

Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades.   2 February 2018

Insurance

Regulation main 2018 challenge for UK insurers

Regulation will be the main test for UK insurers in 2018, according to S&P Global Ratings.   30 January 2018

News

HIM fails to deliver what reinsurers hoped for

Record losses from the 2017 hurricane season have failed to trigger the rate increases the industry had hoped, with many experts and reports based on analysis of the recent renewals now suggesting that low rates may be here to stay.   29 January 2018

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