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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Regulators are concerned that such intragroup reinsurance transactions could create conflicts of interest and concentrate risk in a way that would be less likely if the reinsurance was done by an independent...
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...The company conducted work to compare listing venues....
...INA is in talks with foreign companies for joint investments in nickel mining, smelting and battery manufacturing, Porwanto added....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...Together with Thomas R, they set up research projects between the company, German universities and sham Chinese business partners....
...and reinsurance recovers....
...Reinsurance prices have surged over the past 18 months, squeezing insurers and their customers....
...Oddly, it is not — yet — for the reinsurance industry. Insured losses of $108bn for 2023 were broadly in line with the five-year average....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...“We have not really seen a willingness on the part of the reinsurance community to step back down,” said David Priebe, president of reinsurance broker Guy Carpenter....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...Figures from INA, Mexico’s trade body for auto parts suppliers, show that 33 Chinese-owned companies with Mexican operations sent $1.1bn worth of parts to the US in 2023, up from $711mn in 2021....
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Last year’s results benefited from fewer hurricane claims as well as a steep rise in reinsurance prices. That is unlikely to continue, though Lloyd’s expects rates to level out rather than fall....
...Over the past year, global companies have reduced the amount of property catastrophe reinsurance that they are willing to give to primary insurers and significantly increased its price....
...The Bank of England has also warned groups to more tightly manage the reinsurance deals they are doing to increase their capacity for bulk annuity transactions....
...It did not spell out how much would be absorbed by Japan’s earthquake reinsurance programme....
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