Mergers and acquisitions among insurance brokers and agents declined 18% in the first quarter, falling to...
Robust reinsurer earnings help rein in renewal price hikes
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry...
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry...
Article / 18 days ago
Capacity expands as cyber cat bonds take off
Organizations continue to race against cybercriminals to keep their systems secure by focusing on defensive measures, including addressing supply chain...
Organizations continue to race against cybercriminals to keep their systems secure by focusing on defensive measures, including addressing supply chain...
Article / 2 months ago
ILS new issuance jumps to record volume in 2023: Swiss Re
New issuance of insurance-linked securities soared 63% in 2023 to a record volume of $15.4 billion as the birth of the cyber catastrophe bond introduced a new peril to the market....
New issuance of insurance-linked securities soared 63% in 2023 to a record volume of $15.4 billion as the birth of the cyber catastrophe bond introduced a new peril to the market....
Article / 2 months ago
Insurers tap captives to weather reinsurance renewals
Insurers in catastrophe-exposed states can use captives to soften the effect of reinsurance rate hikes and higher attachment points, a panel of experts said....
Insurers in catastrophe-exposed states can use captives to soften the effect of reinsurance rate hikes and higher attachment points, a panel of experts said....
Article / 3 months ago
White Mountains renews reinsurance sidecar
White Mountains Insurance Group Ltd. said Thursday its specialty property/casualty reinsurance and insurance subsidiary Ark Insurance Holdings Ltd. has renewed Outrigger Re Ltd., a $250 million...
White Mountains Insurance Group Ltd. said Thursday its specialty property/casualty reinsurance and insurance subsidiary Ark Insurance Holdings Ltd. has renewed Outrigger Re Ltd., a $250 million...
Article / 4 months ago
Allianz secures $274.7 million cat bond against European windstorms
Allianz SE on Tuesday said it has used a catastrophe bond to secure 250 million euros ($274.7 million) of coverage against European windstorms....
Allianz SE on Tuesday said it has used a catastrophe bond to secure 250 million euros ($274.7 million) of coverage against European windstorms....
Article / 4 months ago
Cyber reinsurance market expands with cat bonds issuance
The recent issuance of a cyber catastrophe bond by Axis Capital Holdings Ltd. capped a year in which the insurance-linked securities market showed increased interest in providing...
The recent issuance of a cyber catastrophe bond by Axis Capital Holdings Ltd. capped a year in which the insurance-linked securities market showed increased interest in providing...
Article / 4 months ago
Buyers set for another tough renewal as rate pressures rise
Many insurance buyers will likely face demands for more premium hikes at upcoming renewals with insurers pushing for rate increases in a continuing tough market for...
Many insurance buyers will likely face demands for more premium hikes at upcoming renewals with insurers pushing for rate increases in a continuing tough market for...
Article / 7 months ago
Markel discloses Vesttoo exposure
Markel Group Inc. late Thursday said letters of credit it held backing more than $125 million in collateralized reinsurance deals involving troubled reinsurance intermediary Vesttoo and a unit...
Markel Group Inc. late Thursday said letters of credit it held backing more than $125 million in collateralized reinsurance deals involving troubled reinsurance intermediary Vesttoo and a unit...
Article / 8 months ago
Captive sector examines collateral issues in wake of Vesttoo
The fallout from the scandal surrounding insurtech Vesttoo Ltd. is a wakeup call for the captive sector and will likely lead to greater regulatory...
The fallout from the scandal surrounding insurtech Vesttoo Ltd. is a wakeup call for the captive sector and will likely lead to greater regulatory...
Article / 9 months ago
