Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Eliot Partnership expands into Global Life Insurance and Reinsurance markets under Brad Whatley’s Leadership
May 9 2023 // London, England. May 09, 2023. — Eliot Partnership (“Eliot Partnership”), the leading global insurance sector specialist executive search firm, today announced its expansion into the global Life Insurance...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
May 9 2023 // While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much calmer affair, according to Swiss Re. “Overall,...
Specialty Re/Insurer Canopius Has Management Shake-up With 3 Execs Exiting
Apr 28 2023 // Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company. “Over the last 18 months, Canopius has reorganised our global underwriting...
Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story
Apr 25 2023 // A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s...
Argo Group Shareholders Approve Merger With Brookfield Reinsurance
Apr 21 2023 // Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The...
Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract
Apr 18 2023 // Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of reinsurance contract, which the firm created in collaboration with...
People Moves: Sompo Int’l Promotes Hyland to President of North America Reinsurance, Succeeding Hanke; Kegel Appointed Managing Director, DUAL Benelux
Apr 17 2023 // Sompo Int’l Promotes Hyland to President of N. America Reinsurance, Succeeding Hanke Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the...
TWIA Board to Meet April 18 to Discuss Action on 2023 Reinsurance
Apr 12 2023 // The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker,...
Third Point’s Loeb Looks to Take Re/insurer SiriusPoint Private
Apr 12 2023 // Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point said in a regulatory filing, sending the shares of the company up 13% in early trading on...
Re/insurance MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Apr 12 2023 // Aspect Labs Ltd., the London-based re/insurance managing general agent, has officially opened its doors for business – targeting small-to-mid-market risks that are not big enough for Lloyd’s of London. Initially...
Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform
Mar 30 2023 // Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of Tremor services that can...
Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re
Mar 24 2023 // Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, according to Gallagher Re. However,...
People Moves: McGill & Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team; Howden Names KPMG’s Cox as Head of Energy Transition
Mar 21 2023 // This edition of International People Moves details appointments at two London brokers: McGill and Partners and Howden Broking. A summary of these new hires follows here. McGill and Partners Hires Gallagher Re’s...
Reinsurance Recap: 2022 Results Mixed as Market Improves
Mar 20 2023 // Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges — ranging from inflation to the Ukraine war to growing losses...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Mar 10 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s...
