Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Generali to Sell Life Run-Off Portfolio of UK Branch to Reinsurance Group of America
May 24 2019 // Generali has signed an agreement to sell the life run-off portfolio of its UK Branch to a subsidiary of Reinsurance Group of America Inc., the St. Louis, Mo.-based life and health reinsurance company. The run-off...
Liberty Mutual Reinsurance Launches Operation Using Lloyd’s Mexico Platform
May 23 2019 // Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced it has launched a reinsurance operation under Lloyd’s registration in Mexico to serve clients in Mexico and Central America. The...
Reinsurer SCOR Acquires Fund Manager Specializing in Insurance Linked Securities
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds,...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
May 22 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
MS Amlin Acquires Stake in Specialist Reinsurance MGA Envelop Risk
May 21 2019 // MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk...
Cyber Confusion: What’s Needed to Create a Sustainable Cyber Market
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Aon Makes Leadership Changes in Global Reinsurance Clients Team
May 17 2019 // Aon plc announced organizational changes within its Global Reinsurance Clients team, which supports 25 of the largest global insurers. Part of Aon’s Reinsurance Solutions business, the team was launched in 2014 to...
AM Best Affirms Ratings of Third Point Re While Revising Outlook to Negative
May 17 2019 // AM Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Third Point...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed
May 16 2019 // Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the program isn’t renewed by the end of 2020, ratings firm A.M. Best has...
Markel Int’l Taps Lazarus from Hiscox as Head of North American Property Reinsurance
May 14 2019 // Markel International, the specialist insurer and subsidiary of Markel Corp., has appointed Nick Lazarus as managing director, North American property reinsurance based in London. Leading the existing and established London...
North Carolina-Based Curi Appoints PartnerRe’s Farrelly as SVP of Underwriting
May 13 2019 // Curi, a provider of medical malpractice products and services for physicians, has appointed Sean Farrelly as its new senior vice president of Underwriting. In this role, Farrelly will lead Curi’s underwriting...
Third Point Reinsurance Names Malloy as CEO, Succeeding Bredahl Who Has Resigned
May 10 2019 // Third Point Reinsurance Ltd. (TPRE) has appointed Daniel Malloy as CEO, effective May 10. He succeeds J. Robert Bredahl, whose resignation has been accepted by the board. Bredahl had been TPRE’s CEO since March...
Aon Names Demeusy U.S. Vice Chairman of Reinsurance Business
May 9 2019 // Insurance broker Aon has appointed Jay Demeusy as U.S. vice chairman of its Reinsurance Solutions business. Alongside his new role, Demeusy will continue to chair the newly formed Global Construction & Inland Marine...
Guy Carpenter Names Senior Reinsurance Leadership Team to Further Integrate JLT Re
May 9 2019 // Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced a series of international leadership appointments to facilitate the integration of...
Munich Re’s Q1 Profit Drops 23.5% on Higher Claims Payments from Previous Years
May 8 2019 // German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018. The world’s largest reinsurer blamed the...
GEICO Helps Boost Berkshire Hathaway’s Q1 Profit
May 7 2019 // Berkshire Hathaway Inc. on Saturday said gains in its stock investments were behind its good first-quarter profit. Better results from its GEICO auto insurer and BNSF railroad units boosted operating results. The...
Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re
May 7 2019 // Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related...
JLT Re’s Chandler Joins Reinsurance Broker BMS as U.S. Operations President
May 6 2019 // Reinsurance broker BMS Group has named Pete Chandler as president of its U.S. reinsurance operations. Chandler joins from JLT Re, where he was deputy CEO of the U.S. reinsurance broking arm of the group. He joined JLT Re...
Hamilton Re Promotes Ali to Senior Vice President, Risk & Analytics
May 3 2019 // Hamilton Re, the Bermuda-based insurance and reinsurance platform for Hamilton Insurance Group, announced that Hanni Ali has been promoted to senior vice president, Risk & Analytics. Ali, who joined Hamilton in July...
Swiss Re’s Q1 Profit of $429M Hit by Natural Catastrophes, Boeing Crash
May 3 2019 // Reinsurer Swiss Re AG’s reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit came in at $429...
