Reinsurance News

Aspen Re Names Hough as Managing Director for Asia Pacific

Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re, has appointed Philip Hough as managing director, Asia Pacific. Hough will be based in Singapore and will report to Aspen Re Chief Executive Officer Thomas Lillelund. Hough joined Aspen …

Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market

The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …

Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best

Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new report. The continent’s 20 largest …

SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years

SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a challenging and uncertain environment for interest rates …

Ratings Agencies Expect Reinsurance Premiums to Continue Dropping in 2017

Reinsurance premiums are likely to continue to fall next year, ratings agencies said on Tuesday, following years of weaker prices due to competition in the sector and a lack of natural catastrophe losses. Reinsurers act as a financial backstop for …

Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best

A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. “Our rating outlook remains longer-term than our typical 12-18 months,” A.M. Best …

Reinsurers’ Profits in Danger of Falling Below Their Cost of Capital: S&P

Reinsurers’ profits will soon drop below their cost of capital* and could remain there until the underwriting and/or investment cycles turn, according to Standard & Poor’s in a new report. S&P attributed this pressure on profitability to a combination of …

Cat Bonds Match Traditional Reinsurers on Reliability Scale: S&P

Some traditional reinsurers have asserted that catastrophe bonds are unreliable in terms of paying claims after major events. A new Standard & Poor’s article rebukes that idea. “We have explored the claims payment history of cat bonds,” S&P said. “The …

Iowa in Middle of Debate Over ‘Shadow Insurance’ Deals

For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books. So-called “shadow insurance” …

Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch

Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report published by Fitch Ratings. “Asian regulators have implemented – or are in …