US insurtech secures $300m of catastrophe bond cover for named storms 

P&C ratios across the four – Hannover Re, Munich Re, Scor and Swiss Re – were 86.3% last year, with three recording 10%-plus RoE

S&P Global bullish on reinsurance market but unwilling to change outlook to positive

Lloyd’s carrier was first re/insurer to sign up to facility, which was launched last December

Many previously standalone layers have been folded back into treaties

Chief financial officer says the market's average return since 2018 has not been sufficient for investors

Property reinsurance profits also edge up despite heightened loss activity amid strong premium growth

Underwriting profits decline 78% to £89m in 2024

The class posts an underwriting loss of £165m amid slowing rate increases and continued material loss activity

Fairfax-backed reinsurer to challenge state-owned GIC Re’s de facto monopoly

Bermuda-based reinsurer’s underwriting result halves to $532m in the wake of catastrophe losses and reserve strengthening

AI-powered managing general underwriter Mythen offers hurricane cover, backed by Texas carrier and Bermuda reinsurer