The European reinsurance sector has been exposed to significant uncertainty during the COVID-19 pandemic, which has led to a threefold decline in the capital positions of reinsurers, gross written premium for life reinsurance, and underwriting profit
The international reinsurance business of the Prudential Insurance Company of America has closed its first reinsurance transaction involving an unnamed UK pension scheme using an independent regulated insurer, Zurich Assurance, as intermediary
The report, Insurance-Linked Securities Market Weathers Elevated Catastrophe Activity and Global Pandemic in 2020, finds that the global reinsurance capital returned to its pre-pandemic level of $485 billion at year-end 2020
DARAG Group has signed a retrospective quota share reinsurance agreement with Protector Forsikring, a multinational general insurance company listed on the Oslo Stock Exchange
Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, completes four UK longevity reinsurance transactions with Legal & General Assurance Society
Fleming Re insurance, a Bermuda-based class 3A insurance company, has established a custom reinsurance facility with BevCap P&C Protected Cell
Japan’s temporary equivalence with respect to reinsurance granted by the European Commission is scheduled to expire on 31 December 2020, in accordance with the Solvency II Directive
