Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Lloyd’s Chaucer in Deal for First Russian Coverholder
Apr 6 2011 // Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to...
Japan Quake Reveals Cracks in Insurance System – Part II
Apr 6 2011 // The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in...
Amlin Estimates Claims from Q1 Catastrophes
Apr 5 2011 // Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake...
Florida Approves Arch Re Under Reduced Collateral Law
Apr 4 2011 // Florida has added another company to its growing list of reinsurers that are taking advantage of a state law that allows it to reduce its capital requirement. Arch Reinsurance Limited, a Bermuda-based reinsurer, received...
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
AXIS Global A&H Names Smart, Berkshire to International Team
Apr 4 2011 // AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited, announced two senior additions to its International operation, based in London. Rob Smart has been named Senior Vice President and...
Reinsurance Rates May Rise with Japan Loss Estimates
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Officials Look to Curb ‘Rebating’ in Sales of Federal Crop Insurance
Apr 1 2011 // Farmers and insurance agents who sell them federal crop insurance policies may soon be required to certify that they are not participating any rebating or incentive schemes related to the purchase of those policies. The...
Willis Re: Japan Quake Not Enough to Turn Soft Market
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Cat Bond Investors Braced for Japan Disaster Hit
Mar 30 2011 // The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance...
Florida Allows Reinsurer Alterra Bermuda to Reduce Collateral
Mar 29 2011 // Another reinsurer has stepped forward to take advantage of a Florida law that allows it to lower its collateral and still conduct business in the state. Florida regulators announced that Alterra Bermuda Limited has been...
Japan Reinsurance Prices Should Rise 50%: Analyst
Mar 28 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
IFRIMA Joins Call for Brazil to Rollback Insurance Law Changes
Mar 28 2011 // The International Federation of Risk and Insurance Management Associations (IFRIMA) has called for Brazil to reconsider two legislative resolutions, which it describes as “harmful to Brazil’s interests in...
Liberty Mutual Brazil Syndicates Expand Presence
Mar 28 2011 // Liberty Mutual first established a Syndicate presence in Brazil in 2009, when it set up operations for its Lloyd’s syndicates in Sao Paolo and Rio de Janeiro. However, it’s already outgrown the original office,...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Insurer Shares Relatively Unaffected by Japan Damage Estimates
Mar 23 2011 // Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re,...
Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
Mar 23 2011 // Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its...
AXIS Estimates NZ Quake, Aus. Flood Losses at $275 to $315 Million
Mar 22 2011 // AXIS Capital Holdings Limited has issued a bulletin which estimates that the “total net impact of the New Zealand earthquake and loss events in Australia that have occurred to date in the first quarter of 2011 will...
