Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Aon’s New Capital Partners Aims to Tap Additional Sources of Capital for Reinsurance
Aug 19 2020 // Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. The new Capital...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
Major Reinsurers Brace for Large Losses from Beirut Port Blast
Aug 13 2020 // Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last week’s explosion that ravaged much of downtown Beirut. Property damage alone from the...
Cyber Lessons for the Insurance Industry Continue Three Years After NotPetya
Aug 12 2020 // This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies have since evolved in...
Berkshire Insurance Units Hold Their Own While Pandemic Slams Other Buffett Firms
Aug 10 2020 // Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental Petroleum Corp., Kraft...
Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M
Aug 7 2020 // Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash...
Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering
Aug 6 2020 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Ulhaq will focus on international property...
Aon’s Reinsurance Solutions Taps Turner from AXA XL to Lead UK Property Team
Aug 4 2020 // The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard Evans of its UK & Ireland and Specialty Casualty business. Turner will report to Peter...
EXOR and Covéa ‘Normalize’ Relations After Failed PartnerRe Deal
Aug 4 2020 // Italy’s EXOR said on Monday that French insurer Covéa had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRe, after walking away from a deal to buy the reinsurer...
PartnerRe Names Bonneau as President and CEO as Clarke Exits
Jul 28 2020 // Bermuda-based PartnerRe Ltd. announced it has appointed industry veteran Jacques Bonneau as its president and chief executive officer effective immediately. Bonneau, who will be based in the company’s headquarter in...
Guy Carpenter Names Piatti as Managing Director of Global Risk Solutions
Jul 28 2020 // Guy Carpenter announced today the appointment of Andrea Piatti as a managing director, Global Risk Solutions. Piatti will be responsible for serving clients in the customized reinsurance space across Europe and Middle East...
Workers Compensation Rates Could Start Rising in 2021, Says W.R. Berkley CEO
Jul 28 2020 // For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted...
London’s International Underwriting Association Publishes New Motor Terrorism Clause
Jul 24 2020 // A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association. It has been developed after a growing spate of terrorist attacks using vehicles led to...
Chubb Promotes 2 in Leadership Changes at Westchester and Financial Lines Businesses
Jul 22 2020 // Global insurer Chubb announced that Scott Meyer will succeed retiring Bruce Kessler as senior vice president, Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines...
Mintz Adds Five to Insurance and Reinsurance Practice in Washington D.C., New York
Jul 20 2020 // Law firm Mintz has added a group of five practitioners to its Insurance and Reinsurance Practice. Deirdre G. Johnson, Paul W. Kalish, Suman Chakraborty and Ellen MacDonald Farrell joined as members, and Elaine Panagakos...
Lloyd’s to Exit U.S. Admitted Market to Focus More on U.S. Surplus Lines, Reinsurance Markets
Jul 20 2020 // Lloyd’s announced it plans to stop accepting admitted market accounts in the United States in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market...
Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon
Jul 16 2020 // Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report. The report, which also looks at changes in reinsurance demand levels,...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?
Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...
Capsicum Re Names New Chairman as Chilton Takes on New Role Within Gallagher
Jul 10 2020 // Capsicum Re, the specialist reinsurance broker, has announced the appointment of Raja Balasuriya as its chairman. He succeeds fellow Capsicum Re founder Grahame Chilton in the role, who it was announced would re-join the...
