Canadian Underwriter

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Reinsurance


News InsuranceMarkets / CoveragesReinsurance

Reinsurers ‘more willing’ to decline participation where demands from cedents are too great: Guy Carpenter

September 9, 2016 by Canadian Underwriter

As investment returns remain low and with recent drops in renewal pricing, reinsurance carriers are resisting “aggressive buying tactics” on the part of cedents, Guy Carpenter & Company LLC suggested in an article published Friday. “From a buying perspective, while

News CatastrophesInsuranceMarkets / CoveragesReinsurance

“Significantly lower” cat bond issuance volumes during the first half of 2016 compared to prior-year period: Aon Securities

September 9, 2016 by Canadian Underwriter

Twenty-four catastrophe bond transactions closed during the 12-month period to June 30, 2016, with a total limit of US$5.2 billion, a decrease on the prior-year period of US$7 billion, according to Aon Securities’ annual report on the insurance-linked securities sector.

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hermine expected to have “modest” impact on P&C, cat bond markets: Fitch

September 8, 2016 by Canadian Underwriter

Hurricane Hermine is expected to have a “modest” impact on the property and casualty and catastrophe bond markets, according to ratings agency Fitch Ratings. Insured losses for reinsurers from this event will also likely be limited, but Fitch said in

News InsuranceMarkets / CoveragesReinsurance

Combined ratio deteriorates 2.6 points for Willis Reinsurance Index

September 7, 2016 by Canadian Underwriter

Willis Towers Watson plc reported Monday the combined ratio for its index of top reinsurers was 94.1% during the first six months of 2016, up 2.6 points from 91.5% during the same period as 2015, during a time when insurers

News InsuranceReinsurance

Global reinsurance loss ratio up 7.1 points in first six months of 2016: A.M. Best

September 7, 2016 by Canadian Underwriter

The loss ratio in the global reinsurance market was two points higher during the first six months of this year than the five-year average, while in 2015, Paris-based SCOR SE overtook Omaha, Neb.-based Berkshire Hathaway in A.M. Best Company Inc.’s

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC

September 6, 2016 by Canadian Underwriter

The current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm

Feature CatastrophesEarnings / RatingsReinsurance

Looking Ahead

September 2, 2016 Greg Meckbach, Associate Editor

With property and casualty reinsurance prices showing few signs that downward pressure is ending any time soon, traditional reinsurance looks to be a real bargain for carriers hoping to protect their balance sheets and prepare themselves for future catastrophes. Forward-looking carriers are also recognizing that cost-effective reinsurance can help secure their future profitability.

News CatastrophesInsuranceLegalMergers and AqcuisitionsReinsurance

Reinsurance disputes and CBI exposures possible after North American wildfires and Louisiana floods: CMS lawyer

September 2, 2016 by Canadian Underwriter

A year of fire and floods in North America could lead to a repeat of 2007, when reinsurance disputes emerged over causation issues, a lawyer with global law firm CMS said on Friday. Alex Denslow, a partner with the Insurance

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Fort McMurray wildfire accounts for 98% of H1 insured cat losses in Canada, 29% of PCS-designated North American losses

August 31, 2016 by Canadian Underwriter

The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

North American P&C insurers’ operating profitability declines in first half of 2016: Fitch

August 29, 2016 by Canadian Underwriter

North American property and casualty insurers’ operating earnings decreased in the first half of 2016, as results were challenged by modest underwriting deterioration and low investment yields, according to a new report released on Friday by Fitch Ratings. For a

News CatastrophesConstructionInsuranceMergers and AqcuisitionsReinsurance

“Limited impact” expected for Italian insurers following earthquake: Fitch

August 29, 2016 by Canadian Underwriter

The impact on Italian insurers from the earthquake that struck the central part of the country is likely to be limited, ratings firm Fitch Ratings said on Friday. Fitch Ratings estimates insured losses of 100 million to 200 million euros,

Angela Stelmakowich, Editor
Feature InsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Over There, Over Here

August 26, 2016 Angela Stelmakowich, Editor

It would be folly to think that political risk is something that only happens “over there.” The effects over here can be just as damaging. That the number of such incidents may not be as high as has traditionally been