Luke Gallin

1 week ago | reinsurancene.ws | Luke Gallin

Large European insurer Zurich took advantage of the “favourable price environment” at the April renewals and secured global aggregate reinsurance cover for lower layers, leveraging alternative, collateralised, and traditional capacity, Claudia Cordioli, Zurich Group Chief Financial Officer (CFO), said on today’s earnings call.

1 week ago | reinsurancene.ws | Luke Gallin

Registration is open for a live and free-to-attend webcast hosted by Artemis, our insurance-linked securities (ILS) focused sister publication, in collaboration with Computershare, which will delve into the state of the catastrophe bond and related ILS marketplace at mid-year 2025. This webinar, which will last for approximately one hour, takes place at 10am EST in the US (3pm BST UK) on June 17th, 2025, and registration is free.

1 week ago | reinsurancene.ws | Luke Gallin

French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the Los Angeles wildfires.

1 week ago | reinsurancene.ws | Luke Gallin

Jim Murphy, Chief Actuary of the Texas Windstorm Insurance Association (TWIA), said during a Board meeting today that rates on line that the association is seeing in the market right now are flat, if not potentially down when compared with last year. At TWIA’s Board meeting held today, reinsurance funding was discussed, and it was revealed by the association’s broker, Gallagher Re, that TWIA’s placement, which renews at June 1st, 2025, will likely be completed next week and well within budget.

1 week ago | reinsurancene.ws | Luke Gallin

The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer’s market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as policyholder surplus in the US exceeds $1 trillion and global reinsurance capital exceeds $700 billion.