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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

Reinsurance People moves

Maiden's income falls 4% as underwriting loss cuts into capital gains

Operating earnings per share rose to 19¢ from 16¢

Bermuda Reinsurance

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

Ukraine Reinsurance

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

International Munich Re

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

Bermuda Reinsurance

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

International Property

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

United States Reinsurance

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

Europe Hannover Re

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

Europe Axa

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

Cayman Islands Reinsurance

McGill hires Cousar to lead Apac fac expansion

Broker hires Aon's David Cousar to drive facultative reinsurance growth in Asia and Australia 

Asia Pacific Reinsurance

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

International United States
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