Hail drives 2023 US SCS loss trends. Insured total nears $40bn: Bowen, Gallagher Re
Hail damage is once again driving the loss trend for severe convective storms (SCS) in the United States, with the,.. Read More
personal Insurance
Higher attachments clear in ILS fund recovery since hurricane Ian
One of the key drivers for some insurance-linked securities (ILS) funds in their strong recovery following September 2022’s hurricane Ian,.. Read More
Munich Re shrinks P&C book at July renewals, but on track to exceed full-year profit target
Global reinsurer Munich Re shrank its property and casualty (P&C) reinsurance book by 1.9% at the July reinsurance renewals as,.. Read More
Essent gets $281.5m of mortgage reinsurance with upsized Radnor Re 2023-1
Essent Guaranty, a wholly owned subsidiary of Essent Group, has announced the successful closing of its ninth mortgage insurance-linked securities,.. Read More
Vesttoo names board member Ami Barlev as interim CEO
The Board of Directors of under fire insurtech Vesttoo has announced the appointment of Ami Barlev as interim Chief Executive,.. Read More
Florida still dysfunctional, but reforms directionally correct: Swiss Re CFO Dacey
The Florida insurance and reinsurance marketplace remains dysfunctional according to Swiss Re CFO John Dacey, who said that the reinsurance,.. Read More
Significant retro buy limits nat cat appetite but there's room to grow: Hannover Re's Althoff
German reinsurer Hannover Re has purchased a significant amount of retrocession protection in 2023, and while this has limited its,.. Read More
Severe thunderstorms now a dominant driver of global insured losses: Swiss Re
Globally, the severe convective storm (SCS) peril caused insurance and reinsurance industry losses of $35 billion in the first half,.. Read More
Porch reveals Vesttoo-linked write-off. Believed LOC & bank checks appropriate
Porch Group, a software driven financial services group with a homeowners insurance arm, has revealed exposure to reinsurance contracts arranged,.. Read More
Hiscox ILS AUM slips to $1.7bn, but funds perform at inception-to-date highs
Hiscox Group disclosed this morning that its Hiscox ILS insurance-linked securities (ILS) fund management unit experienced some further outflows in,.. Read More
Hannover Re posts improved P&C reinsurance underwriting result as losses fall within budget
German reinsurance giant Hannover Re has reported an improved underwriting result in its property and casualty (P&C) reinsurance segment for,.. Read More
Suncorp's aggregate reinsurance doesn't trigger, despite natural hazard impacts
Australian primary insurer Suncorp said this morning that its fiscal year aggregate reinsurance arrangement did not trigger, despite elevated natural,.. Read More
