News Reinsurance

Different degrees of diversification drive European reinsurers' 2022 earnings

The four major European reinsurers, Hannover Re, Munich Re, SCOR and Swiss Re, reported lower earnings for 2022 as high inflation, rising interest rates and climate-related costs led to lower underwriting and investment results, Fitch Ratings...

AIR team | 28 Mar 2023

Global insurance market to remain hard driven by increased demand and inflation

The hard market in (re)insurance is expected to continue, based on increased demand for coverage and because of inflation-driven higher values of insured assets, says Swiss Re Institute (SRI) in a new report.

AIR team | 23 Mar 2023

Reinsurance: Asia and MENA contribute 25% of Munich Re's reinsurance business in 2022

Around 25% of Munich Re Group's reinsurance premium income last year stemmed from Asia and MENA, says the global reinsurance giant in its annual report for 2022. Australia and New Zealand contribute around 5% to premium income.

AIR team | 21 Mar 2023

Bangladesh: Dollar crisis stalls reinsurance premium payments of over US$100m

About a dozen local privately held insurance companies out of a total 46 have been unable to pay reinsurance premiums worth over $100m to foreign reinsurers due to a lack of foreign currencies.

20 Mar 2023

SCOR expected to turn around financial results on management action

AIR team | 15 Mar 2023

Mosaic Insurance and Asta establish presence in Singapore

AIR team | 10 Mar 2023

India: Gallagher Re set to expand with acquisition and creation of single treaty reinsurance team

AIR team | 10 Mar 2023

Lloyd's reports strong 2022 underwriting performance

AIR team | 09 Mar 2023

Past Articles

Indonesia: Inflation & COVID-19 could trigger increases in insurance and reinsurance claims this year

08 Mar 2023

Nepal: Privately-held reinsurer set for IPO to raise over US$22m

03 Mar 2023

Southeast Asia: Industry profile and operating environment strongly influence reinsurers' ratings

02 Mar 2023

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