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Reinsurance

 

 

ILS market poised for strong growth after ‘exceptional’ 2024

Alternative capital totalled around $110bn last year and should keep rising, experts says, with record catastrophe bond issuance already seen in January 

North America International

US casualty reinsurance ‘heading for crossroads’: AM Best

Rating agency warns of ‘availability crisis’ as social inflation continues

United States Reinsurance

Hong Kong extends ILS grants for three more years

City has been making efforts to attract Apac insurance-linked securities business, but lags behind Singapore

Asia Pacific Hong Kong

Swiss Re promotes McDonald to group CUO

McDonald was most recently chief underwriting officer at Swiss Re Corporate Solutions

Europe Reinsurance

Reinsurance market ‘rattled’ by early losses: IGI’s Jabsheh

Heavy losses in the first two months of the year could put an end to rate reductions seen at the January renewals, carrier's chief executive says

Property Casualty
North America Property

Hiscox London Market to return to growth in 2025: CEO

Aki Hussain says favourable market conditions and new products will drive growth this year after division shrank in 2024 amid casualty cycle management and space exit

Bermuda London

Swiss Re P&C reinsurance FY profits drop 20% on $2.6bn reserve strengthening

Reinsurance giant estimates California wildfire losses at $700m

Europe Property

TWIA targets $1.73bn reinsurance buy

Texas coastal wind and hail last resort insurer trims PML to $6.2bn

United States Reinsurance

Hiscox books record full-year profit of $685m

Profits in London market business decline 18% in 2024 as division bears brunt of carrier's $1.6bn claims bill

Bermuda Hiscox

Pacific typhoons could prompt risk modelling updates: Chaucer

Specialty re/insurer has incorporated Pacific typhoons shifting northwards into its risk assessments, highlighting an increased likelihood of losses over the next decade

Chaucer Reinsurance
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