Reinsurance

A spokesperson said, “AIG’s treaty reinsurance business includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot.

Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies.

The top three Brokers-Friendly and Supportive Reinsurers are Ghana Reinsurance Company Limited, GN Reinsurance Company Limited and WAICA Reinsurance Corporation.

A lot -- almost all of the reinsurance business or the vast majority of the reinsurance portfolio that we underwrite is in Bermuda and the reason it's in Bermuda is, this is where the talent is and this is where the market is.

As a result, the reinsurance industry has paid dearly for much of the last decade; underwriting losses drove in global reinsurance losses in 2022.

At a different session during the June S&P conference, reinsurance executives also advanced the view that reinsurance rates would remain stable and adequate at 1/1/2024.

Here, just under half the attendees thought the reinsurer would be bound to provide reinsurance coverage, but Palomo said the presence of the pandemic exclusion in the reinsurance agreement is the controlling factor.

ILS Capital noted that a substantial number of current cedents have already agreed to purchase non-collateralized reinsurance contracts from Prospero Re, and several reinsurance brokers have approved Prospero Re as a non-collateralized counterparty.

Overall, reinsurance pricing assumptions were challenged by continued loss creep from catastrophe losses in 2017 and 2018, which also hit alternative capital such as insurance-linked securities and collateralized reinsurance funds, said the report.

AfricaRe, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continents premier reinsurance corporation, operating across 41 African countries.

Before joining Chubb in 2012, he worked as an executive for reinsurance brokerage firm Aon Benfield providing analytic expertise to large commercial property reinsurance placements.

Sussex Capital, through Sussex Re, writes direct collateralised property catastrophe reinsurance and also provides collateralised reinsurance to Brit’s Property Treaty portfolio.

The establishment will see the head office of the reinsurance business, First Mutual Reinsurance, being moved to Botswana as the group moves to attract partners and raise foreign currency.

Its reinsurance business, Aon Benfield, specializes in reinsurance brokerage and investment banking & capital advisory (through Aon Securities Inc.).

Marcos Antonio Mendoza, "Reinsurance as Governance: Governmental Risk Management Pools as a Case Study in the Governance Role Played by Reinsurance Institutions", 21 Conn. Ins.

A group of experts gathered during Insurance Journal’s Insuring Cannabis Summit to talk about underwriting and reinsurance and the big picture trends that impact rates, availability, and terms in the insuring cannabis specialty.

And I guess my interpretation of that was your per risk reinsurance program that attaches pretty low, but a little more than a point is close to like $30 million.

Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance.

Compre CEO Will Bridger said: “Today’s announcement represents another important milestone in Compre’s evolution, and we are delighted to further assist SiriusPoint with the strategic repositioning of its reinsurance business.

Heading into the January 2024 renewals, Guy Carpenter believes “demand for reinsurance will grow with reinsurers’ willingness to deploy capital also increasing, although underwriting discipline will not subside.