Hurricane Maria is expected to cost Lloyd's insurers $900mn, the corporation said today as it revised down its combined loss estimate for hurricanes Harvey and Irma.
The Hartford has agreed to acquire Aetna's US group life and disability business in a $1.45bn deal that it said would make it the second largest group life and disability insurer in the US market with approximately $5bn in expected earned premium.
Australia's Future Fund increased the target size of its alternative risk premia strategy, which includes reinsurance investments, to 15 percent of its total alternative asset allocation in the 2016-2017 financial year.
Reinsurers will become less appealing to investors if the sector does not earn back some of its 2017 losses through higher rates, according to Munich Re CEO Joachim Wenning.
