Market News

Some $11.3 billion in new risk capital was issued in the catastrophe bond market during this year's second quarter, making the period the biggest single quarter in the catastrophe bond market's history, according to data from Artemis. Second-quarter catastrophe bond issuance came in the form of 48 transactions. Read More

Innovative solutions are among the keys to natural catastrophe coverage remaining a profitable and growing business for insurers and reinsurers over the long term, according to a new report from Fitch Ratings. Other keys include stronger public-sector schemes and a constructive regulatory framework, Fitch said. Read More

As total premium in the delegated underwriting authority enterprises sector continues to increase, the capacity directed to the sector is become more selective, according to AM Best. AM Best said that capacity directed to the sector is increasingly focused on long-term underwriting quality and greater stability on loss ratios. Read More

Reinsurance buyers enjoyed a buyers' market at midyear renewals, marked by double-digit price reductions and improved terms for most placements, according to a new report from Aon. Global reinsurance demand increased more than 10 percent at midyear, Aon said in its midyear report, Reinsurance Market Dynamics. Read More

In a market reflecting strong returns for reinsurers, abundant capital, and keen competition, reinsurance buyers were able to achieve reinsurance-purchasing outcomes that better met their needs at July 1 renewals, according to a new report from Gallagher Re. That experience was felt by reinsurance buyers across most lines at midyear. Read More