Sompo Japan Nipponkoa is set to absorb 34.1bn yen ($285mn) of insured losses from August's Typhoon Goni, the Japanese insurance giant indicated today (1 October)
Asta's recently launched manging general agency (MGA) platform, Asta Underwriting Management (AUM) has appointed John Holm as executive, MGA investments.
Berkshire Hathaway's shareholding in Munich Re has dipped into single digits for the first time in nearly five years after the Warren Buffett-led conglomerate reduced its stake in the world's largest reinsurer
PartnerRe shareholders are set to vote on the reinsurer's proposed acquisition by Italian investment vehicle Exor at a special general meeting on 19 November
Richard Carter, chairman of Beaufort Underwriting Agency, is set to resign from the board of the Lloyd's managing agency in 2016, along with non-executive director Malcolm Cox.
Argo's Lloyd's operation and Asia Capital Re (ACR) have confirmed their intention to form a special purpose syndicate (SPS), a move first revealed by The Insurance Insider earlier this month
Towers Watson's proposed merger with (re)insurance broker Willis could be in jeopardy following criticism from the consultancy's investors over the transaction's value proposition.
Probable maximum losses (PMLs) for US wind risk generally subsided ahead of the peak North Atlantic hurricane season, as (re)insurers tweaked their cat exposure in the face of a prevailing soft market environment.
After a pause, the pool of London-listed specialty carriers has resumed shrinking this year with another three (re)insurers succumbing to the advances of foreign buyers.
Hiscox has merged its Bermuda and London market casualty reinsurance teams into a single division operating under the Hiscox Re brand, the carrier has announced.
Price increases for US commercial lines continued to moderate in the second quarter of this year as rate rises slowed to 1 percent, Towers Watson's latest Commercial Lines Insurance Pricing Survey (CLIPS) has shown.
Sian Fisher, former chief underwriting officer of AJ Gallagher International, has been appointed to the board of Asta's new managing general agent (MGA) platform as a non-executive director, The Insurance Insider can reveal.
PartnerRe president Emmanuel Clarke is set to become CEO of the Bermudian reinsurer following the close of its impending $6.9bn sale to Exor, The Insurance Insider can reveal.
US commercial P&C pricing remained flat in August, despite widespread anecdotal evidence of softening across the market, according to the latest survey from MarketScout.
Reinsurers remained focused on capital management in the second quarter as deployment opportunities became further constrained and M&A activity continued
Net returns narrowed materially during the second quarter as thinning underwriting margins, low investment returns and mark-to-market losses crunched the bottom line
Listed (re)insurers delivered varied underwriting results for the second quarter as some carriers were bludgeoned by above-average large risk and attritional claims while others benefited from another light cat quarter
Share prices for the remaining four London-listed (re)insurers rose this morning (8 September) as the buzz surrounding the announcement of Mitsui Sumitomo's $5.34bn acquisition of Amlin resonated through the market
Fitch expects that reinsurance pricing will continue to fall in 2016 as the ratings agency is unconvinced that a slowdown in rate reductions has signalled the market reaching the floor
Reinsurers have held onto their US windstorm exposure in 2015 despite reducing their overall exposure to catastrophe risk, Standard & Poor's (S&P) has said
Fosun reported stronger top and bottom line performance at its budding insurance business during the first half of 2015 as the Chinese conglomerate benefited from its recent acquisition spree
P&C (re)insurance stocks were stung by the events of Black Monday last week, with volatility triggered by China growth fears causing The Insider 30 to tumble by 0.94 percent despite some recovery later in the week.
Profit forecasts for Names-backed Lloyd's syndicates in the 2013 year of account (YoA) improved during the second quarter as the 2014 YoA suffered some deterioration.
The second quarter of this year demonstrated one thing as far as (re)insurers' investment portfolios were concerned: that mark-to-market accounting can hit the bottom line hard if rates move suddenly.
The London specialty carriers that report full results have accelerated top-line growth into a market that is suffering from significant rate softening.
The London specialty insurers shaved 10 basis points off their combined ratios to deliver another strong half-year underwriting performance as they continued to benefit from a benign loss environment.
P&C (re)insurance stocks were a sea of red yesterday (24 August) as fears of slowing economic growth in China triggered a global equity sell-off that has been dubbed "Black Monday"
Capital management remained firmly on the agenda for Bermudian and short-tail carriers during the second quarter as market headwinds continued to erode profitable growth opportunities.
Reinsurers that have been more aggressive in releasing reserves may have drained their resources and could experience more earnings volatility in the coming years, Standard & Poor's (S&P) has warned
P&C (re)insurance stocks traded up last week as The Insider 30 climbed by 0.64 percent, outperforming the FTSE100 and Euro Stoxx 600 but on par with the performance of the S&P 500.
Global reinsurers shrugged off cyclical market pressures during the second quarter, as a number of carriers bolstered their top lines despite ongoing softening of pricing and terms.
Bermudian carriers booked varied top-line movements during the second quarter, although it was clear that (re)insurance market pressures were felt across the board.
Short-tail carriers reported contrasting top line movements in Q2 as Validus and RenaissanceRe benefited from recent diversifying acquisitions while Lancashire booked significantly lower gross written premium (GWP), in part because several multi-year contracts were not up for renewal.
Returns for the short-tail (re)insurers slid well below their five-year average in the second quarter as a sharp drop in underwriting profits was only partially offset by an improvement in investment results.
Underwriting results sharply deteriorated in the second quarter for The Insurance Insider's shrinking composite of short-tail specialists as compounding rate reductions combined with an above-average period for losses.
Arab Insurance Group (Arig) booked a 21.4 percent decline in gross written premiums to $186.1mn for the first half of 2015 as improved underwriting and investment performance bolstered the bottom line
Underwriting performance for the P&C reinsurance operations of global reinsurers generally improved during the second quarter as the group benefited from another period of benign natural catastrophe loss activity.
Tokio Marine posted an 8.4 percent increase in ordinary profits to 125.9bn yen ($1.0bn) for the three months ended 30 June 2015, as higher earnings from overseas subsidiaries offset lower profitability in its domestic non-life Japanese business.
Zurich today (6 August) dropped a strong hint that it will go ahead with a bid for RSA after releasing its second quarter results, which showed a 24 percent fall in profitability.
Fast-growing Floridian HCI Group reported a combined ratio that improved from 63.7 percent to 56.9 percent for the second quarter as net earned premiums climbed 21.9 percent to $76.4mn.
Endurance has increased its initial projection of annual expense synergies from its acquisition of Montpelier Re by more than 16 percent, the firm revealed on its second quarter earnings call yesterday (4 August)
Reinsurance organic growth went into reverse at the big three broking houses during the second quarter as underlying reinsurance revenues declined modestly amid increasing market pressures.
Softening market conditions continued to encroach upon the US commercial P&C insurance market during the second quarter, according to The Council of Insurance Agents & Brokers (CIAB)
Suncorp has confirmed that it rewarded reinsurers willing to pay around A$100mn of Cyclone Yasi claims on an ex gratia basis with a preferential share of business at its recent reinsurance renewal.
Shares in Allstate dropped by more than 10 percent in New York this morning (4 August) as jittery investors reacted to disappointing results for the second quarter driven by increased frequency and severity in auto claims.
Suncorp's reinsurers have paid out around A$100mn ($73mn) to fill a previously disclosed hole in the Australian insurer's 2011 reinsurance programme, the firm said today (4 August) in its full-year 2015 results announcement.
Endurance booked a 24.9 percent increase in gross written premiums (GWP) during the second quarter, driven by a considerable uptick in its insurance business.
Florida-based carrier United Insurance reported diverging top and bottom line performance in the second quarter as significant premium growth was met with shrinking net profits.
US-listed carrier CNA saw operating profits halve in the second quarter after a retroactive reinsurance charge relating to its legacy asbestos deal with Berkshire Hathaway impacted the company's bottom line.
PartnerRe has agreed a $6.9bn sale to Italian investment vehicle Exor, ending a long-running and bitter M&A battle with Bermudian carrier Axis for the pure-play reinsurer.
Aon Benfield has posted a 1 percent decline in organic revenues for the second quarter, joining its big three peers in reporting a top line slide as market pressure grows