News

Reinsurance

Swiss Re ups book by 7% at July renewals; net pricing down 2%

Property & specialty continue to lead renewal growth; casualty still down YTD.   22 August 2024

Reinsurance

Swiss Re writes new reserves to cut 16% y/y from H1 P&C Re underwriting profit

As new CEO takes charge, Swiss Re balances new reserving against protecting FY targets.   22 August 2024

Reinsurance

Swiss Re casualty reserves highly discretionary, ‘some’ signals in book

Casualty margin? ‘Any time you add $650m to reserves, it is going to be an ugly number’.   22 August 2024

Technology

Swiss Re has yet to move on iptiQ units, but some buyers approaching

Newly appointed CEO Berger is directly overseeing the asset review, sees possible sales.   22 August 2024

Alternative Risk Transfer

Pool Re taps top global brokers for ILS strategy after ‘competitive’ process

Pool Re has previously sourced reinsurance protection through cat bonds between 2019 and 2022.   22 August 2024

Insurance

Gen Re unveils leadership moves in North America

The appointments aim to strengthen its mutual treaty capabilities.   22 August 2024

Reinsurance

Hiscox ‘deeply shocked and saddened’ as chairman remains missing after yacht tragedy

Search continues for missing people, including tech magnate Mike Lynch.   21 August 2024

Alternative Risk Transfer

Catastrophe bonds under scrutiny after Hurricane Beryl

Jamaica’s cat bond failed to trigger following devastation from Hurricane Beryl in July.   21 August 2024

Insurance

Hiscox and Morgan Stanley chair Bloomer missing after luxury yacht sinks off Sicily

The superyacht was carrying 22 people, including tech tycoon Mike Lynch, when it sank.   20 August 2024

Reinsurance

CEA adds limit at minor mid-year reinsurance renewals, takes $306m

The programme continues to look costly: cession rates at mid-year are up 17 pps y/y.   20 August 2024

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