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Reinsurance

 

 

Fidelis takes $51m loss on Baltimore bridge collapse

Bermuda-based carrier’s combined ratio slips 6.7 points to 85.8% as catastrophe losses surpass $100m in the quarter

North America Reinsurance

Ark books $15m bridge loss

Lloyd's carrier's combined ratio improves to 93.5% in first quarter of the year 

North America Lloyds

Artificial intelligence presents complex challenges for the reinsurance industry

A reinsurer’s journey with AI – whether building capabilities in-house or licensing AI systems from a third party – will require careful navigation

Europe International

Aon adds cyber to pricing platform

Additions are part of an update to the platform that will also add enhanced automation capabilities, broker says

North America International

IGI 'excited' by reinsurance opportunities: Jabsheh

Waleed Jabsheh says International General Insurance hopes to get ‘sliver’ of Lloyd’s business as new box opens for business

Bermuda Lloyds

Hamilton COR rises 3.6 points on Baltimore bridge loss

Bermudian carrier’s underwriting income falls to $32.5m after absorbing $37.9m in losses from the bridge collapse

Bermuda Hamilton

Greenlight Re underwriting income rises despite bridge loss

Hedge fund reinsurer's net earnings more than quadruple to $27m in the first quarter of the year

North America Reinsurance

Reinsurance rates to remain strong in 2024: Munich Re

German reinsurance giant reports net result up nearly 70% in the first quarter on the back of improved reinsurance results

Europe Munich Re

IGI income rises 11.8% on improved COR

Specialty re/insurer closes first three months of 2024 with net earnings of $37.9m

Bermuda Specialty

Hong Kong insurance regulator supports developing local ILS market

World Bank launches $150m catastrophe bond for Jamaica storm perils on Hong Kong exchange

Hong Kong InsuranceLinked Securities

Berkshire underwriting income nearly triples in Q1

Underwriting income surges to $3.33bn from $1.2bn in the first quarter led by motor insurer Geico

North America Berkshire Hathaway

Axis doubles cyber reinsurance book in Q1

Bermuda-based carrier continues to build its cyber reinsurance portfolio as it pivots cyber insurance book away from undesirable smaller risks 

Bermuda Axis Capital
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