According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year … [Read More...] about Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re
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P&C Insurance
Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re
Rates trending downward but soft market still 2-3 years away: Peel Hunt
Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt. Following their … [Read More...] about Rates trending downward but soft market still 2-3 years away: Peel Hunt
UNDP, TNFD, KPMG launch ‘NATURE-INSURE’ to tackle biodiversity risk
UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have partnered to launch a new global programme, ‘NATURE-INSURE’, to strengthen … [Read More...] about UNDP, TNFD, KPMG launch ‘NATURE-INSURE’ to tackle biodiversity risk
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M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon
Mergers & Acquisitions (M&A) insurance claims payouts have surged in recent years, with 2024 marking the highest year on record for M&A insurance payouts, according to a recent Aon study. The research highlights a significant increase in claims … [Read More...] about M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon
LexisNexis Risk Solutions introduces new commercial property risk assessment tool
LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, has released LexisNexis Location Intelligence for Commercial, a tool aimed at improving the assessment of commercial property risks during underwriting and policy … [Read More...] about LexisNexis Risk Solutions introduces new commercial property risk assessment tool
Hurricane Erick insured losses expected to be contained: AM Best
Insured losses from Mexico’s Hurricane Erick, which made landfall last week, are expected to be contained, with parametric insurance contracts unlikely to be triggered, according to a recent report by AM Best. Hurricane Erick made landfall last Thursday … [Read More...] about Hurricane Erick insured losses expected to be contained: AM Best
S&P upgrades Convex Group entities credit ratings, assigns stable outlook
S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group’s operating companies to ‘A’ from ‘A-‘, and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insurance UK Ltd., … [Read More...] about S&P upgrades Convex Group entities credit ratings, assigns stable outlook
Canada Life Re to cease new business for US traditional life mortality risk reinsurance
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The … [Read More...] about Canada Life Re to cease new business for US traditional life mortality risk reinsurance