Ruby Re, Reinsurance Group of America’s (RGA) third-party life reinsurance sidecar, has now raised a total of $480 million in capital following the close of its second funding round, which is near the upper limit of the $400 million to $500 million target range for the Missouri-domiciled vehicle.Launched in December 2023 with backing from a … Read more
Everest Re, the reinsurance underwriting arm of global re/insurer Everest, has announced the promotion of Emily Davis, who has been appointed as the Head of Global Specialties, a role that will see her with responsibility for parametric reinsurance solutions.In her new role, Davis will report to Jill Beggs, Reinsurance Executive Vice President and Chief Operating … Read more
There’s nothing quite like a conference to bring together colleagues, peers and competitors aligned under a common goal – and to take the temperature of a sector. The recent International Life and Annuity Conference was an opportunity to do just that, with BILTIR CEO Suzanne Williams-Charles (pictured) highlighting that: “People are feeling optimistic about the … Read more
According to Aon’s Reinsurance Solutions division, combined industry losses from hurricanes Helene and Milton are expected to fall within a range of $34 billion to $50 billion, at which level insurance and reinsurance sector capital is well-positioned to absorb them and the events underscored the value of integrating innovative solutions such as parametrics.“The short-term prospect … Read more
Analysts in the J.P. Morgan European equity research team have said that if hurricane Milton’s industry impact comes in between $20 billion and $40 billion, they “don’t see Milton driving a reinsurance market turn” in 2025.Estimates suggest hurricane Milton’s costs for the insurance and reinsurance industry are coming in lower than the market had initially … Read more
