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MS Reinsurance returns to profit in 2023

Reinsurer books $366m net profit in 2023 as sees eight-point fall in combined ratio

Switzerland MS Amlin

Researchers warn Canadian flood insurance scheme must reduce risk

Federal government wants to launch scheme for subsidies and reinsurance by next year, as policymakers urged to deny rebuilding aid where flood danger is high

Canada Property

Scor profit dips in Q1 as underwriting result falls short

Paris-based reinsurer misses consensus expectations as combined ratio deteriorates to 87.1%

Europe Scor

Swiss Re unveils Q1 profit beat and plans iptiQ exit

Reinsurance giants books first-quarter net income of $1.1bn, with P&C Re combined ratio ahead of expectations at 84.7%

Europe Swiss Re

Re/insurers indicate manageable Baltimore bridge losses

The Francis Scott Key Bridge incident likely to be the largest marine loss in history, but re/insurers are guiding to losses from the Baltimore bridge collapse being within expectations

North America Reinsurance

Ardonagh Specialty rebrands Inver Re

The international broking group renames its reinsurance businesses Price Forbes Re

London North America

Conduit Re premiums up 28% in Q1

Bermuda-based reinsurer says exposure to Baltimore bridge loss is 'within expectations' as it guides to 'low 80s' combined ratio

Bermuda Reinsurance

Citizens authorises outlay of up to $750m for 2024 reinsurance

Florida’s last resort carrier increases budget for this year’s programme

United States Property

Axa XL names Sawyer head of London casualty reinsurance

Executive will oversee carrier's cyber reinsurance proposition as well as US and international casualty treaty offering  

London Axa

Hamilton names Chin as group chief actuary

Bermuda-based group promotes Chin to senior role

Bermuda Reinsurance

Hannover Re P&C operating profit climbs 35% in Q1

German reinsurance giant trims combined ratio 4.3 points to 88% as Baltimore bridge losses ‘comfortably within budget’

Europe Hannover Re

Brazilian re/insurers to avoid flood losses

Southern state of Rio Grande do Sul faces nearly $1.5bn in damages, but local carriers have retained smaller exposures and exited volatile lines of business

Brazil Property
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