Market News
Fitch: Global Reinsurers Expected To Rebound from Catastrophe Losses
The sector outlook for global reinsurance remains negative given intense market competition, the influx of alternative capital that continues to pressure pricing, and persistently low investment yields that strain reinsurer profitability. Reinsurer profitability is expected to improve, reflecting the normalization of catastrophe losses and marginally improved pricing, according to Fitch Ratings. Read More
Bermuda Committed to Blockchain and Digital Assets
A group of Bermuda representatives recently participated in a series of media interviews and live broadcasts in New York. The discussions focused on emerging technologies as Bermuda works to position itself as the world's first regulated hub for blockchain business and digital assets. Read More
Increasing Rates for Most Major Commercial Lines According to IVANS
IVANS has announced its April "IVANS Index: Premium Renewal Rate Index" results. The beginning of the second quarter continues to showcase increasing premium renewal rates year over year across most major commercial lines. Read More
Power Grid Cyber Threats Spark Need for Customized Cyber Coverage
According to A.M. Best, specialty insurance groups in the energy and utility sectors have been exploring avenues to leverage their industry knowledge into areas of profitable but conservative and controlled growth in cyber insurance. Read More
Widening Terrorism Re-insurance Coverage Availability Crucial for Resilience
JLT Re's latest report analyzes the dynamics behind the evolving terrorist threat and examines how the terrorism re/insurance market has reacted. JLT Re advises that although significant progress has been made, there is still more to do in order to deliver a sustainable proposition that offers comprehensive protection to buyers. Read More