Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance
Jul 12 2023 // This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance Solutions Insurance broker Aon plc outlined the...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals
Jul 6 2023 // Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while...
SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre
Jul 3 2023 // SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is...
People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice
Jun 30 2023 // This edition of International People Moves details appointments at brokers Aon and NFP. A summary of these new hires follows here. Aon Promotes 4 in Global Reinsurance Clients Team Insurance broker Aon plc announced a...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024
Jun 29 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and...
Brégier Appointed Chairman of Board at French Reinsurer SCOR
Jun 26 2023 // SCOR’s Board of Directors, which met on June 25, 2023, has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect. This decision was made on the unanimous recommendation of...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery
Jun 21 2023 // Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction. As part of the UK-Ukraine Private...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’
Jun 15 2023 // Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of the “World’s Toughest Row – Pacific.” It’s all for charity – and, of...
People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance
Jun 13 2023 // This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global...
Russian President Putin Signs Law Creating Eurasian Reinsurance Company
Jun 9 2023 // The Kremlin announced that Russian President Vladimir Putin has signed a law to ratify the creation of the Eurasian Reinsurance Co. The Eurasian Economic Union (EAEU) agreed in October 2022 to form the company, which is...
People Moves: AXA XL Names Guidée Reinsurance CEO as Bewlay Moves to Group CUO; McGill and Partners Grows in Bermuda With Stubbings Hire
Jun 8 2023 // AXA XL said Renaud Guidée has been appointed as chief executive officer, Reinsurance, effective September 1. Guidée assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer. In this...
Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report
Jun 2 2023 // Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to reinsurance broker Howden Tiger. Prices rose within a typical range of 25%...
UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group
Jun 1 2023 // The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a...
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
May 30 2023 // Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later...
Kin, Slide Say They’ve Completed Reinsurance Programs Ahead of June 1 Renewal
May 26 2023 // Two Florida-focused property insurers have announced they have completed their reinsurance programs, just days ahead of what some had warned would be a painful June 1 renewal deadline. Kin Insurance Inc., a tech and...
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
May 24 2023 // With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top official with one of the...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
May 18 2023 // Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged “unlawful raid” of senior leaders and other employees of Aon’s facultative reinsurance group. Aon claims Alliant took...
People Moves: Hamilton Appoints Brown as Chair of Board of Directors; Canopius Taps Hartley From AXIS to Lead New Aviation Reinsurance Business
May 17 2023 // This edition of International People Moves details appointments at Hamilton and Canopius Group. A summary of these new hires follows here. Hamilton Appoints Brown as Chair of Board of Directors Hamilton Insurance Group...
Hedge Fund Manager Loeb Drops Buyout of $1.5B Re/insurer SiriusPoint
May 15 2023 // Hedge fund manager Dan Loeb said he’s no longer exploring an acquisition of specialist insurance underwriter SiriusPoint Ltd. Loeb held exploratory discussions with Bermuda-based SiriusPoint about a potential deal to...
