In the aftermath of hurricanes Helene and Milton, insurers should expect to witness a higher number of claims in 2024 across general insurance lines
The business will offer reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council countries, and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks
The company will now provide cat bond trustee and paying agent services to insurance and reinsurance companies
The solution aims to target commercial and industrial property risks across Mexico, Central and South America, and the Caribbean
This comes from the 19 non-life reinsurers that Fitch monitors, and suggests that underwriting results should remain favourable into 2025 as pricing is generally adequate
The coverage includes the issuance of US$163 million of insurance-linked notes and US$41 million of direct reinsurance
Global reinsurance market reset to de-risk portfolios, realign carrier relationships, and improve pricing led to strong technical results in 2023, according to AM Best
