Market News
"Asymmetrical" Reinsurance Market in a State of Transition
Reinsurance renewals at January 1, 2020, were shaped by deteriorating loss experience, a lack of new capital inflows, and increasingly challenged environments in the primary insurance and retrocession markets. Read More
Significant Differences Seen in January Reinsurance Renewals
For the January 1, 2020, reinsurance renewal period, Willis Re found significant pricing and capacity variance across reinsurers. Read More
Cyber Premiums in Bermuda Captive Insurers Grew 53 Percent
The Bermuda Monetary Authority's recent annual report on cyber underwriting revealed that organizations using Bermuda captive insurance structures to cover cyber-risk exposures increased year-over-year. Read More
Protected Cell Captive Insurer Formed by W.R. Berkley in North Carolina
The North Carolina Department of Insurance recently licensed Oak Harbor Reinsurance Company, a protected cell captive insurance company formed by W.R. Berkley Corporation. Read More
Fitch: Cyber Risk Analysis Inhibited by Silent Cyber Risk Exposure
Property and casualty insurers are gaining sophistication in measuring risk aggregations and modeling potential losses from catastrophic cyber events, but the efficacy of this analysis is inhibited by exposure to nonaffirmative or "silent" cyber risk, according to Fitch Ratings. Read More