News

Reinsurance

Japanese property cat rate down by up to 15% at April 1: Howden Re

4.1 renewals bring ‘welcome reprieve’ on pricing; discipline holds for retentions.   1 April 2025

Insurance

Apollo, Moonrock fly high with $123m drone insurance facility

Facility extended to cover expected boom in eVTOL drone passenger services.   22 April 2025

Reinsurance

Conduit Re splits with CEO, takes action on runaway secondary perils

Profit targets scuttled as secondary perils require new retro and portfolio adjustments.   31 March 2025

Reinsurance

Somerset Re taps former head of pricing and valuation to return as CEO

Served as president of Neptune Reinsurance before rejoining Somerset Re.   28 March 2025

Reinsurance

Reinsurers quietly confident about US liability at latest treaty renewal

Renewal capacity for US casualty held stable; panel turnover down: Gallagher Re.   2 April 2025

Reinsurance

Cedants stymie reinsurer growth at APAC 4.1 treaty renewals: Aon

Rate softening and curbed demand cuts premium pool just as reinsurers wanted to grow.   1 April 2025

Alternative Risk Transfer

Hannover Re doubles down on parametric cyber risk with larger cat bond

Cumulus Re II ups retrocessional protection by over 45%.   27 March 2025

Insurance

Compre closes second legacy deal with Covéa

Legacy group acquires two defunct California personal lines carriers.   16 April 2025

Reinsurance

Howden Re takes flight with two aviation specialists from Aon and Lockton Re

Two new aviation and space team hires bring 60 years experience between them.   27 March 2025

Insurance

BMA gives guidance on long-term reinsurance approvals

Notice says pre-approvals should not require creation of new documentation or processes.   17 April 2025

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