Sarfraz Thind

Almost half of ceded US life reserves transferred offshore in 2023

Share is expected to continue growing, AM Best finds

Cayman Islands has 10% of offshore US life reinsurance market

Volumes are expected to grow on relaxed rules and income tax attractions, Moody's finds

FM Global asks court to unpack $700m Ralph Lauren suit

Allstate gets nod to hike California homeowner rates by 34%

Insurance commission has been looking to fast track rate rises in state

The heat is on for US asset-intensive reinsurance regulations

At its summer meeting, the NAIC put forward proposals for tightening up the supervision of life reinsurance transactions. It could either spoil or secure what is now a very lucrative market. Sarfraz Thind reports

Liberty Mutual cuts wildfire coverage in California citing tech issues

Munich Re is the largest reinsurer in the world, according to IFRS

But Swiss Re top of the non-IFRS pile as new accounting method complicates things, says AM Best

Canada's Jasper wildfires caused $650m in insured losses

Wildfires join list of summer natcats pressurising country's insurance industry

RGA to reinsure $3.5bn of American National life reserves

LGRA's CEO talks up the three trillion PRT opportunity

George Palms has built Legal and General Retirement America's US PRT business from scratch. But he sees much more opportunity for growth, he tells Sarfraz Thind