
Reinsurance

Northern Re raises $50m additional capital
Collateralised reinsurer boosts committed capital to $75m with second fundraise

Axis closes landmark $75m cyber catastrophe bond
Bermudian carrier completes market's first 144A cyber bond with ‘broad investor support’ as the ILS market continues to open up to cyber risk

Apollo to launch specialty treaty portfolio from 1/1
Lloyd's carrier continues to expand reinsurance business with new portfolio focusing on credit, mortgage and surety lines

ID Comment: Re/insurers face extinction if they don’t adapt to climate change
Perhaps reinsurers should gather for talks, not in Monte Carlo and Baden-Baden, but in one of the vulnerable countries that suffer the most from floods, droughts and storms, despite contributing the least to climate change

Athene completes block reinsurance deal with Japan's FWD
Bermuda-based carrier retrocedes mortality risk tied to the block of business to Swiss Re

Property catastrophe rate hikes to slow in 2024: Fitch
Underwriting margins, normalised for major losses, are expected to peak next year, rating agency predicts

Insurtech CatX raises $2.7m in seed funding
HackLegacy and other venture capital firms participate in ‘milestone’ funding round

Fidelis reaps rewards from managing climate risk: Burrows
Bermudian re/insurer’s chief executive outlines how its year-to-date financial results are a reflection of a successful strategy that slashed catastrophe and large losses

Fortitude Re closes $28bn reinsurance deal with Lincoln National
Bermuda-based carrier reinsures a significant portion of Lincoln’s universal life insurance and fixed annuity business

Aspen swings to profit in Q3
Bermuda-based carrier posts third-quarter operating profit of $79m, driven by improved performance in reinsurance and insurance divisions

No sign of new capital: Brindle
Fidelis MGU chief executive, Richard Brindle, says pricing will continue to improve amid a lack of new capacity and the impact of climate change on secondary perils

Liberty Mutual Re makes senior casualty hire
Reinsurer appoints Swiss Re’s Chisolm to develop an assumed casualty treaty reinsurance portfolio in US
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