Reinsurance
ILS market expands to $46b amidst rising reinsurance prices
ILS market expands to $46b amidst rising reinsurance prices
Investors have reaped substantial benefits from wider risk margins.
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
Toa Re’s improved underwriting to boost financials overtime
Its FY 2023 net profit saw $110m.
Reinsurers see 6% growth in premiums
Reinsurers faced changes driven primarily by the implementation of IFRS 17.
IFRS shifts AM Best’s reinsurance list
Munich Re topped this year’s rankings with $32.9b in revenue.
Peak Re’s capitalisation remains robust amidst strong profits
Its net profit reached $200m in 2023.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
Mega Insurance seen to shift reinsurance strategy amidst domestic concerns
Its investment portfolio has been 90% cash equivalents and fixed-income securities.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1
EPS for the period was $6.97.
GIC Re's profit climbs to $12m in Q1 2024
Its assets grew to $2.22b.
SCOR merges APAC Life & Health units under new leadership
Dion Russell left SCOR to pursue other opportunities.
De-risking drives reinsurance market stability
Current claims activity is increasingly influenced by medium-sized events.
VINARE bags $14.27m pre-tax profit in H1 2024
It targets to reach pre-tax profit of $20.2m by yearend.
Munich Re’s net profit soars 40.6% YoY in Q2 2024
The company hopes to reach $5.5b by the end of the year.
Aon names new leader of aviation reinsurance
He joined Aon back in 2015.
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