Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
Jul 23 2012 // Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike...
Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift
Jul 23 2012 // A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital...
Business Moves – Midwest
Jul 23 2012 // Pro Insurance Group, Falvay-Counihan Insurance Pro Insurance Group, a Troy, Mich.-based independent insurance agency, announced the acquisition of Falvay-Counihan Insurance Inc., of Bloomfield Hills, Mich. InPro gains...
Some Reinsurance Increases But No Hard Market
Jul 23 2012 // Rate increases in the North American and international reinsurance markets are due to modest losses and poor results – not a hardening market, according to a report from Willis Re. The mid-year renewals report,...
U.K.-Based Insurer Amlin Sets Up Reinsurance Unit in New Jersey
Jul 20 2012 // UK-based specialist insurer Amlin plc is setting up a U.S. market for casualty reinsurance targeting nationwide business with a focus on general and professional liability. The business will be sourced direct from U.S....
China Reinsurance Company Licenses AIR’s Suite of Cat Models
Jul 18 2012 // Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better...
Let the 2012 Olympic Games Insurance Challenges Begin!
Jul 17 2012 // As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in London. Lee Tookey,...
Guy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses
Jul 10 2012 // According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of...
S.A.C. Re Begins Operations in Bermuda; $500 Million in Capital
Jul 10 2012 // S.A.C. Re, Ltd. announced that it has commenced operations with $500 million of contributed capital, raised in a private placement of the equity securities of its parent, S.A.C. Re Holdings, Ltd. S.A.C. Re Holdings’...
Endurance Promotes Bigley to Senior VP, Head of U.S. Property Cat Reinsurance
Jul 10 2012 // Bermuda-based Endurance Specialty Holdings Ltd has promoted David Bigley to senior vice president and head of U.S. Property Catastrophe Reinsurance. Endurance also announced that Rene Lamer and Stefan Beine, both senior...
Black Heads Swiss Re’s Brazilian, So. American Reinsurance Operations
Jul 6 2012 // Swiss Re announced that it now operates as a Local Reinsurer in Brazil under new leader Margo Black, as its Head of Reinsurance for Latin America South and President of Swiss Re Brasil Resseguros SA. “She starts at a...
Willis’ Faber Global Division Establishes Singapore Office
Jul 5 2012 // Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced that it has increased its global reach by establishing a presence in Singapore to cover facultative reinsurance for Singapore...
Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn
Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...
MDS Group Launches HighDome, a Self Insurance Protected Cell Company
Jul 2 2012 // European and Latin American insurance and reinsurance brokerage and risk consulting provider, MDS Group, announced the launch of HighDome PCC Ltd, a protected cell company, “to provide alternative risk financing...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Business Moves – East
Jul 2 2012 // USI, Lynch, Beretta and Bucci USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines,...
Fitch Says Bermuda (Re)Insurers Should Weather Sovereign Downgrade
Jun 29 2012 // According to Fitch Ratings, “while insurance industry concerns factored into Tuesday’s downgrade of Bermuda,” it does not expect Bermuda (re)insurers to be affected, “as all our ratings of Bermuda...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Re/insurers Join Efforts to Support UN’s Principles for Sustainable Insurance
Jun 25 2012 // A number of insurers and reinsurers have agreed to join the UN-backed set of Principles for Sustainable Insurance. The initiative aims to provide insurance tools for risk management in support of environmental, social and...
Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines
Jun 25 2012 // Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long...
