Reinsurance
Munich Re’s technical performance boosts market position
The reinsurer reported a strong net income of $2.3b in Q1.
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
Toa Reinsurance grows net income by sixfold in FY 2023
Its net written premiums, on the other hand, dwindled 12.5%.
Lloyd's forms coalition to boost diversity in insurance
It includes eight market firms.
Nat Re posts record profits in 45th year
It saw its net profits surge 862% to $9m.
Current hard market challenges new reinsurer entries
Mainly these are competition, capital raising, and higher barriers to entry.
Reinsurers gain confidence with improved loss ratios
Some exceeded a 20% return on equity (ROE) in the first quarter.
Reinsurance market stabilises amid mid-year renewals
Property catastrophe reinsurance rates were generally flat to slightly down.
Reinsurance market stable despite the absence of new entrants
Arthur J. Gallagher reports four reasons for the lack of new entrants.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
Australian Reinsurance Pool reviews cyclone pool rates for 2025
The 2024 premium rate review aims to ensure that rates align with the objectives.
Global reinsurance market set for robust profit margins
AM Best expects reinsurers to maintain underwriting discipline in the near term.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
Thought Leadership Centre
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
