Latest Market Updates

With insurers facing increasing pressure to deploy capital efficiently and a growing pool of third-party capital entering the sector, the legacy market is undergoing a shift in how it is perceived and used. According to David Quinn (pictured), Managing Director – Underwriting at Compre Group, reserve risk transfer is increasingly being discussed as part of capital planning … [Read more...] about Reserve risk transfer moves from legacy solution to strategy

US life and annuity insurers are turning to international reinsurance to manage capital and risk, with a Society of Actuaries report identifying the Cayman Islands as part of strategies for balance sheet management and access to global funding. The report, International Reinsurance Landscape Overview for U.S. Life & Annuities, also links this trend to product … [Read more...] about SOA report links Cayman reinsurance to balance sheet strategies of US carriers

Reinsurance broker Howden Re has released a new report in which the firm sets out a framework for introducing a secondary reinsurance market, noting that it would allow carriers to more efficiently allocate risk, which would ultimately improve and drive greater overall capital efficiency. The firm’s report explained that reinsurance functions as a type of contingent capital, … [Read more...] about Secondary reinsurance market could drive greater capital efficiency, says Howden Re

In the insurance sector, data is the backbone of every decision, from pricing and underwriting to claims management and risk assessment. Financial departments rely on accurate, complete, and timely data to make sound financial decisions and comply with regulations. This paper highlights what data quality is, why it matters, how it can impact your business, and the best … [Read more...] about Data quality in the insurance sector: How machine learning and AI can drive improvement

As reinsurance portfolios become more complex and accumulation risk harder to detect, artificial intelligence is beginning to shift from conceptual promise to operational tool. For reinsurers, the challenge is not whether to adopt AI, but how to apply it in a way that strengthens underwriting discipline and portfolio control. At Swiss Re, AI is increasingly being … [Read more...] about AI raises the bar for reinsurance underwriting – without replacing judgment

The insurance industry has a long history of managing complex long-tail liabilities. In some cases, these liabilities grow so burdensome that they require specialized runoff solutions and as market conditions have evolved, so too have the shape of these runoff transactions and the runoff industry itself. These legacy specialists, like all companies in the runoff sector, are … [Read more...] about Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers

Best's Special Report finds the non-life runoff market continues to exhibit healthy transaction volumes, but its composition is becoming increasingly concentrated. Watch More... … [Read more...] about AM Best: Non-Life Runoff – An Evolving Reinsurance Landscape

Bermudian-based run-off specialists such as Enstar are playing a central role in a global non-life legacy insurance market now estimated at about $1.1 trillion, according to a new report from AM Best. The ratings agency said the sector remained active and healthy but was becoming increasingly concentrated among a small group of specialist firms, many of which had a strong … [Read more...] about Bermuda firms dominate growing $1.1trn legacy market

Welcome to the inaugural Reinsurance News Bermuda Legacy Market Roundtable, held in partnership with RiverStone International, one of the world’s leading providers of legacy solutions, on November 6th in Hamilton, Bermuda. The session brought together nine industry leaders and experts from across the space to reflect on the current state of the legacy market and consider its … [Read more...] about Reinsurance News Bermuda Legacy Market Roundtable