Reinsurance
Global reinsurers face huge challenges and opportunities as the world comes to terms with the impact of Covid-19. The emergence of a hard market has created opportunities for growth in several reinsurance classes, where rising demand is outstripping available capacity. Insurance Day’s reinsurance content examines how these and other trends are reshaping the global reinsurance marketplace.
Apollo names Foster as head of property
Foster most recently held the role of property underwriter at Beazley, where she has worked since 2017
Maiden's income falls 4% as underwriting loss cuts into capital gains
Operating earnings per share rose to 19¢ from 16¢
Munich Re adds €90m to Ukraine war reserve
The reserve hike is a result of an increase in information compared with the first quarter of the year
Munich Re's investment results fall to €971m in Q2
Despite ‘fierce headwinds from inflation, the cooling economy and the war in Ukraine’, German reinsurance giant generates €768m profit in the second quarter of 2022
Argo Group swings to Q2 loss on investments
Loss reflects a negative $65.1m swing in realised investment losses and a 44% decline in earned investment income
Climate change 'eroding primary and secondary perils distinction'
Perils including floods and wildfires are now ‘producing outsized losses’ and triggering reinsurance programmes, Reask's Hassam says
RGA's income falls 42% on investments, offsetting record operating gains
Adjusted operating income per share rose to $5.78 from $4.00, more than doubling analysts' forecast of $2.72
Hannover Re P&C profits down 25% as losses surge in H1
Major losses amounted to €850m, smashing the company’s expectations of €611m, with €316m connected to the Ukraine war
Axa XL earnings climb as catastrophe pull-back continues
Carrier slashes reinsurance premiums 21% in the first half of the year as COR falls to 95.6% despite Ukraine losses
Greenlight Re's results buoyed by underwriting and investments
Hedge fund reinsurer's investment income increases more than eight-fold to $17.2m and underwriting income more than doubles to $9.3m
McGill hires Cousar to lead Apac fac expansion
Broker hires Aon's David Cousar to drive facultative reinsurance growth in Asia and Australia
Florida property reinsurance market ‘resisting’ price increases: Swiss Re
Zurich-based reinsurer says the market ‘remains not well priced’ and fails to accept catastrophe cost is likely to be larger than in the past
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