California wildfires will add pressure to Bermuda reinsurers’ 2025 earnings despite strong capital positions and disciplined underwriting practices, the rating agency said.
Social inflation and mounting reserve challenges are hitting the casualty reinsurance market amid abundant capacity and investor interest, AM Best reports.
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.
Amid increased competition and capacity, the April 1 reinsurance renewals signal a more predictable market, with competition for higher catastrophe layers, according to a report by Aon.
Insurers are making a major impact on the health of the world’s oceans through their support of blue bonds, a form of debt swap that enables developing nations to fund marine conservation efforts.
The Insurance-Linked Securities market saw a record surge in catastrophe bond issuance and robust growth in 2023, driven by a calm catastrophe year and new risk offerings.
The gap between how much it costs to rebuild and valuations is menacing commercial real estate. Here’s a look into how brokers and carriers help clients get it right.
Mehb Khoja’s team at BCS Financial removes claim roadblocks by amplifying treatment outcomes and savings available through its cost-containment solution.
Taking a leading role in battling climate change is a topic close to the heart of Steve Weinstein, chairman of the Bermuda Business Development Agency.