Reinsurance News’ Post

Today's installment includes summary notes from reinsurance expert Patrick Abbe's presentation at our recent SSAP Chat Live Insurance Updates in Texas and California. #SSAPchat #Reinsurance #Insurance

Texas' insurer of last resort, the Texas Windstorm Insurance Association (TWIA), may need a 66% increase in limit for its pending reinsurance program should it structure its PML estimate as it did for 2023. Read the article for more: https://ow.ly/1Jjp50QAa2o #Insurance #Reinsurance #US #Texas

Reinsurance is crucial for property and casualty insurance, providing a safety net for insurers to manage risks. This extra protection ensures financial stability when facing large or unexpected claims. Reinsurance supports the insurance industry's longevity in a dynamic market. #RiskManagement #FinancialStability. https://lnkd.in/eqntemmG

With Q4 an important time for the property insurance market, not least as the peak reinsurance renewal approaches, Aon has made considering catastrophe bonds the top recommendation for insurers looking to navigate what can be a challenging time.

Kinika Armstrong, of Appleby, outlined the critical elements needed for Bermuda’s insurance and reinsurance market to continue thriving, emphasizing the importance of effective regulatory oversight in a recent Royal Gazette article. https://hubs.la/Q02yDLmt0

All major insurance providers required to be part of the Cyclone Reinsurance Pool, backed by the Australian Government, have now joined the initiative. This means that the scheme's expected exposure is now covered by approximately 94%. https://lnkd.in/gvCyAMHj #riskmanagement #insurance

Kinika Armstrong, of Appleby, outlined the critical elements needed for Bermuda’s insurance and reinsurance market to continue thriving, emphasizing the importance of effective regulatory oversight in a recent Royal Gazette article. https://hubs.la/Q02ywXbJ0

Check out the latest Fidelis Insurance Group fact sheet to learn more about our strategy of building a high quality, diversified specialty insurance portfolio, focused on three core pillars: Specialty, Bespoke, and Reinsurance #FidelisInsurance

AM Specialty Insurance Group's CEO Shevawn Barder sheds light on the shifting landscape of the insurance industry, highlighting the rising tide of reinsurance opportunities. In a market saturated with fronting capacity, the reinsurance sector emerges as a beacon of potential. Learn how AM Specialty navigates market nuances to provide much-needed capacity and foster long-term partnerships. https://hubs.la/Q02qM2Tf0 #Reinsurance #InsuranceIndustry #MarketOpportunities #AMSpecialtyInsurance

Reinsurance and fronting arrangements are key elements in all captive insurance programs; however, they also come with their unique set of challenges. READ MORE