Hannover Re
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Tokio Millennium Re’s agreed sale to RenaissanceRe will open up an opportunity for competitors to enter the fronting market.
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The reinsurer’s gross cat losses have surpassed EUR500mn for the year. -
Munich Re said there was growing pressure for underwriting discipline.
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The Loma Re Series 2013-1 Class C, Seaside Re 2017-3 and a portion of the $140.0mn Fibonacci Re 2017-1 have been extended, the BSX said.
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The analyst estimated the continental (re)insurers are each on course to take 5% of losses from the Category 2 hurricane heading for the Carolinas.
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Jean-Jacques Henchoz, who was previously in change of the EMEA region of Swiss Re, has been named as the German (re)insurer’s new chief executive officer.
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The Swedish insurers’ association Svensk Forsakring has estimated the fires that swept through Swedish forests from May to July will lead to insured losses of SEK800mn ($87mn).
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The German reinsurer ceded 31 percent of its EUR134.8mn of gross major losses to retro partners in the first half.
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The ratings agency says insurers may need to pursue loss-reduction strategies, with 2018 possibly on track to produce more claims than 2017.
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The Secquaero Advisors CEO pays tribute to former colleagues as he accepted his award.
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The Texan state-backed insurer expanded its new cat bond as premiums fell below forecasts.
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The reinsurer transferred EUR16.4mn of storm losses to retro partners in the first quarter.
