Investments

New capital helped to mitigate the dislocation of global reinsurance markets at the key January 2021 renewal season, with ample supply to meet cedent demand, while there is an expectation that additional new capital comes on-stream early this year. This is according to the latest reinsurance market report from broker Aon, who believes that capital…

The current firming of reinsurance is perceived as “not a classic hard market” by analysts at Peel Hunt, who after meeting with underwriters from the Lloyd’s market concluded that rate momentum should persist through 2021. Brokers also concur with this assessment, Peel Hunt’s equity analyst team said, with their main conclusion being that “rates will…

The fact new reinsurance start-ups, the so-called Class of 2020, have no legacy portfolios of risk and so are unencumbered by recent years of catastrophe losses, exposure to the COVID-19 pandemic and issues such as social inflation, makes them the best opportunity to invest in the rising reinsurance tide, according to analysts at Jefferies. The…

Global reinsurance capital levels returned to their pre-pandemic high at $625 billion by the end of September 2020, with a slight rise in alternative reinsurance capital recorded during the period by broker Aon. The insurance and reinsurance brokers latest measure of reinsurance capital around the world sees traditional reinsurance capital at a new high of…

MetLife, Inc., one of the largest life and annuities insurance groups in the world, has announced that it completed four UK based longevity reinsurance transactions with Legal & General Assurance Society Limited (Legal & General) in 2020. MetLife has been expanding its longevity risk transfer and reinsurance activities in the United Kingdom over the last…