Latest reinsurance news and research
The untipping of Florida and reinsurance
News | by IPC Research | June 3, 2020
RenRe announced a ~$1bn share issuance yesterday, its first public raise since 2001. We think the move may challenge a decade-long intellectual orthodoxy of the “tipping point”.
AIG receives $2.2bn as Carlyle and T&D close Fortitude purchase
News | by Samuel Casey | June 3, 2020
The deal was announced in November last year, setting Fortitude Re on the path to independence.
AIG: ‘Everyone is focused on Covid understandably. But the non-Covid is really reducing the other way’
News | by IPC Research | June 2, 2020
CFO Mark Lyons spoke at an investor conference last week, pointing out potential offsets to Covid-19 losses due to lower frequency emerging.
Pandemic backstop ‘needed now’ to spur economic recovery: Marsh
News | by Samuel Casey | June 2, 2020
The broker said that delaying the set-up of public-private partnerships would hinder economic recovery.
RenRe to sell more than $900mn of stock in capital raise
News | by Anna Sagar | June 2, 2020
Shares in the carrier rise more than 4 percent in the New York morning.
Enstar completes Aspen legacy deal
News | by Bernard Goyder | June 1, 2020
The deal, first announced in March, secures Aspen $770mn in cover for losses in excess of $3.8bn, as well as $250mn in excess $4.8bn.
Universal renews $3.26bn on non-cascading basis
News | by Fiona Robertson | June 1, 2020
The carrier lifted its level of multi-year cover.
Mortgage reinsurance rates to rise as ILS capacity dries up: AM Best
News | by Bernard Goyder | May 21, 2020
The impact of the pandemic on the mortgage insurance market has been muted thus far.