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Fairfax reports 2016 combined ratio for insurance and reinsurance operations of 92.5%
Toronto-based Fairfax Financial Holdings has released its most recent financial results for the fourth quarter and full-year 2016 ending Dec. 31, reporting a combined ratio for its insurance and reinsurance operations of 92.5% on a consolidated basis.
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Brit ups quota share reinsurance, as rate declines continue
Global specialty insurance and reinsurance firm Brit Ltd. has increased its use of quota share reinsurance, increasing its expenditure on cover by $62.6 million as it seeks to take advantage of still declining rates to better manage its net position.
Brit explained in its results this morning that it had increased its reinsurance expenditure to 22.6% of gross written premiums, with increased use of quota shares the main driver.
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Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said.
The main beneficiaries are likely to be the financially strongest reinsurers in the EU and any other country whose regulatory regime is deemed fully equivalent to the Solvency II regime, Fitch commented in a release.
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Fairfax reports 2016 combined ratio for insurance and reinsurance operations of 92.5%
Toronto-based Fairfax Financial Holdings has released its most recent financial results for the fourth quarter and full-year 2016 ending Dec. 31, reporting a combined ratio for its insurance and reinsurance operations of 92.5% on a consolidated basis.
- Read full article
- Comments(0) To comment, please Sign In
Brit ups quota share reinsurance, as rate declines continue
Global specialty insurance and reinsurance firm Brit Ltd. has increased its use of quota share reinsurance, increasing its expenditure on cover by $62.6 million as it seeks to take advantage of still declining rates to better manage its net position.
Brit explained in its results this morning that it had increased its reinsurance expenditure to 22.6% of gross written premiums, with increased use of quota shares the main driver.
- Read full article
- Comments(0) To comment, please Sign In
Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said.
The main beneficiaries are likely to be the financially strongest reinsurers in the EU and any other country whose regulatory regime is deemed fully equivalent to the Solvency II regime, Fitch commented in a release.
- Read full article
- Comments(0) To comment, please Sign In