UK life firms must be able to re-accept ceded risk, PRA warns

Life firms have highly capitalised longevity risk relative to credit risk, the UK regulator says


Local ceding skyrockets in Russia as foreign commercial sanctions bite

Numerous nations stopped reinsuring Russian assets when Vladimir Putin attacked Ukraine


Peak Re issues $150m Japan typhoon ILS in Hong Kong

Reinsurer doubled initial issuance volume amid demand


UK live events reinsurance scheme delivers over £100m of cover

The initiative was launched so eligible live events could obtain Covid-19 insurance cover


Discount rates a major factor for IFRS 17 PAA eligibility in reinsurance

Reinsurance contracts with longer coverage periods are not automatically eligible for PAA


Scor to end coverage for new oil field projects by 2023

However, climate activists slam Scor's restrictions for failing to cover gas


Government trade insurance schemes cost Coface €160m in 2021

Cost was €103m in Q4 alone, SFCR shows