Swiss Re’s recent £800 million longevity insurance contract covering UK insurer LV='s UK pension fund represents yet another innovation in this field for the reinsurer.
In the long term, hedge fund-backed reinsurers are more likely to become niche providers of capacity in the market, rather than mainstream players.
Endurance Specialty Holdings has highlighted the importance of establishing a diversified book of business and moving away from being perceived as a property-catastrophe specialist – as many companies based in Bermuda still are.
The recent dispute between Warren Buffett's Berkshire Hathaway and Swiss Re over a life insurance deal agreed in 2010 is unlikely to result in any meaningful loss for Swiss Re, says an analyst who claims Berkshire Hathaway is simply trying to limit its losses.
The re/insurance industry is too reliant on catastrophe models and needs to take greater responsibility for judging its own risks, says S&P.
The rapidly growing renewables sector can offer insurers and reinsurers many opportunities for growth, despite it being a busy marketplace already.
Many insurers and reinsurers remain unaware of the potential consequences of changes that rating agency S&P’s is making to its insurance rating criteria – despite the fact that the adjustment could have serious ramifications for them in 2013.
In the aftermath of severe flooding in the UK for the second time this year and with insured flood losses predicted to top £1bn in 2012, the UK government and the insurance industry are trying to find a solution to the way flood risk is covered in the UK.
Endurance Specialty Holdings has said its recent acquisition of a business dedicated to providing weather risk management products is a natural fit for its business and will add another valuable service to its offering.
A new insurance product conceived by Swiss Re could provide the model for many types of similar policies applicable to different illnesses or countries being developed in the future.