In a challenging market environment, the reinsurance industry is grappling with significant hurdles as catastrophe losses surge and the reliance on external capital becomes increasingly vulnerable.
Tag: reinsurance capital
Aon: Global Reinsurance Capital Down by $115B to End of September 2022
New new data from Aon shows that global reinsurance capital fell by 17%, or $115 billion, to $560 billion in the first nine months of 2022, as some of the world’s largest re/insurance groups reported significant declines during the period.
AM Best: Reinsurance Capital to Drop in 2022
According to a new AM Best report, the recent surge in dedicated reinsurance capital growth may be short-lived, given expectations for depressed investment markets, ongoing geopolitical turmoil, and a potential decline in global GDP. Dedicated reinsurance capacity increased to $568 billion in 2021, driven by a nearly 11% increase from traditional reinsurance capacity providers. However,… Continue reading AM Best: Reinsurance Capital to Drop in 2022
Reinsurers Return More Capital on Very Strong 2021 Results
The four major European reinsurers – Hannover Rueck SE (Insurer Financial Strength rating: AA-/Stable), Munich Reinsurance Company (AA/Stable), SCOR SE (AA-/Stable) and Swiss Reinsurance Company Ltd (A+/Stable) – improved their earnings significantly in 2021 due to better pricing and substantially lower coronavirus claims in property and casualty, Fitch Ratings says in a new report. This… Continue reading Reinsurers Return More Capital on Very Strong 2021 Results
Improved Pricing Sees $6B Raised by Reinsurers Across Q4: Willis Re
A new report from Willis Re, the reinsurance arm of global brokerage Willis Towers Watson, estimates that reinsurers globally have raised $6 billion across the fourth quarter of 2020. This figure would bring the year-to-date total to $19 billion, with a further $3b being contemplated and/or in progress. Willis Re attributes these capital raises to… Continue reading Improved Pricing Sees $6B Raised by Reinsurers Across Q4: Willis Re
Aon: Total Reinsurance Capital Down by 6% to $590B in Q1
Global reinsurance capital declined by 6% from year-end 2019 to end the first-quarter of 2020 at $590 billion, led by a 6% dip in traditional reinsurance and a 4% drop in alternative capital, reports insurance and reinsurance broker Aon. The broker’s latest Reinsurance Market Outlook Report highlights a $35 billion decline in total reinsurance capital… Continue reading Aon: Total Reinsurance Capital Down by 6% to $590B in Q1
Willis Re: Prudence and Replenished Capital Drive June & July Renewals
Insurers were able to secure sufficient reinsurance capacity at the 1 July and 1 June renewals supported by adequate reinsurance capital. The remarkable recovery in investment markets allied with investors’ appetite to support additional capital and debt offerings and reinsurers own prudent risk and cost management has seen capital levels return to being only 5%… Continue reading Willis Re: Prudence and Replenished Capital Drive June & July Renewals
Willis Re Finds Total Reinsurance Dedicated Capital Down 5% at Year-End 2018
Total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index1 which was down 10% to USD 335.7 billion, reversing growth of 8% in 2017. The second largest component… Continue reading Willis Re Finds Total Reinsurance Dedicated Capital Down 5% at Year-End 2018