reinsurance
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Tech Inssurance
Porch complaint against Gallagher Re over Vesttoo fraud dismissed with prejudice
The lawsuit filed by Porch Group against broker Gallagher Re regarding the Vesttoo reinsurance letter of credit (LOC) collateral fraud…
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Tech Inssurance
Cat bond market yield stable at 10.43%, as seasonality and demand compete in March
The opposing forces of seasonality and demand continued to drive the overall yield of the catastrophe bond market sideways through…
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Tech Inssurance
Insurance losses from Cyclone Alfred & North Queensland floods exceed AU$1.2bn: ICA
Insurance losses from ex-Tropical Cyclone Alfred and the North Queensland floods in February have now surpassed AU$1.2 billion, according to…
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Tech Inssurance
SCOR lifts Atlas Capital 2025-1 cat bond target, now up to $240m
France-headquartered global reinsurance company SCOR is aiming to upsize its latest catastrophe bond issuance, with its target for the Atlas…
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Tech Inssurance
Swiss Re names Bachmann CEO SRILIM, as Bisping moves to CRO, Servatius now CIO
Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM), one of the specialist insurance-linked securities (ILS) fund management units of the global…
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Tech Inssurance
Radix ILS hires Barnes Binnie & Jin, who bring retro, ILW, underwriting, actuarial expertise
Radix Insurance Linked Strategies (Radix ILS), the recently launched Bermuda-based third-party capital manager and tech-first reinsurance capacity deployment company, has…
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Tech Inssurance
Florida Peninsula secures 43% upsized $250m Palm Re 2025-1 cat bond at reduced pricing
Florida Peninsula Insurance Company has now successfully priced its latest catastrophe bond transaction, securing the 43% upsized target of $250…
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Tech Inssurance
US property cat demand to rise ~$7.5bn at mid-year renewals, Florida taking up to $5bn: Aon
Aon’s Reinsurance Solutions division forecasts increased demand for property catastrophe reinsurance protection in the United States at the key mid-year…
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Tech Inssurance
Alternative reinsurance capital hit new $115bn high at end of 2024: Aon
The amount of alternative capital from insurance-linked security (ILS) and third-party investor sources in the global reinsurance market grew by…
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Tech Inssurance
Record $7.1bn first-quarter drives cat bond market growth to 17% year-on-year: Report
Catastrophe bond and related insurance-linked securities (ILS) market issuance reached a huge $7.1 billion for the first-quarter of 2025, which…
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Tech Inssurance
US property cat renewals see wide range of pricing outcomes at April 1st: Gallagher Re
While the April 1st reinsurance renewal is a smaller affair for property catastrophe accounts in the United States, broker Gallagher…
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Tech Inssurance
Japanese property cat rates down by as much as 15% at April 1: Howden Re
Howden Re has reported that risk-adjusted catastrophe excess-of-loss (XoL) reinsurance rates-on-line for Japan saw reductions of 10-15% at the April…
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Tech Inssurance
Quota shares could help Florida Citizens get to Zero: Former Senator Brandes
According to Former Florida Senator Jeff Brandes, the implementation of a quota share model could effectively phase out Florida’s Citizens…
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Tech Inssurance
SafePoint secures 50% upsized $150m Nature Coast Re 2025-2 cat bond priced at low-end
SafePoint Insurance Company has now successfully priced its new Nature Coast Re Ltd. (Series 2025-2) catastrophe bond, we are told,…
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Tech Inssurance
Conduit Re to buy more retrocession, announces departure of CEO Carvey
Conduit Re, the pure-play Bermuda reinsurance company, has announced its intention to purchase more retrocession to protect its earnings from…
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