Insurance regulators in Europe wont relax rules designed to protect customers from risks to investments in structures like wind parks and power grids, Gabriel Bernardino said.

Hannover Re, the worlds third-biggest reinsurer, reported that first-quarter profit was little changed as rates charged by the industry remain under pressure.

Global reinsurers face challenges including increased competition and shrinking demand, following a miraculous year, A.M. Best said.

Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.

Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.