Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Gen Re Appoints D’Arcy as Head of International Property & Casualty
Apr 30 2019 // General Re Corp., the reinsurance subsidiary of Berkshire Hathaway, announced that Andrew D’Arcy will become head of Gen Re International Property & Casualty. D’Arcy will relinquish the role of CEO of...
Industry Veterans Catlin and Brand Launch Specialty Bermuda Re/Insurer Convex Group
Apr 30 2019 // Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial committed capital and...
W.R. Berkley Q1 Results Show Rate Increases Working
Apr 25 2019 // W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The...
Total Reinsurance Capital Drops in 2018, but Alternative Capital Keeps Rising: Willis Re
Apr 24 2019 // While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which includes traditional and...
FEMA Transfers More Flood Risk with $300 Million Cat Bond
Apr 23 2019 // The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program (NFIP). Last week FEMA entered into a...
Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America
Apr 23 2019 // Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American...
Marsh, Guy Carpenter and JLT to Merge Latin America Facultative Reinsurance Units
Apr 23 2019 // Marsh and Guy Carpenter, both wholly owned subsidiaries of Marsh & McLennan Cos. (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with...
North Dakota Governor Signs Health Reinsurance Bill
Apr 22 2019 // North Dakota Gov. Doug Burgum has signed a bill that allows for establishing a reinsurance pool for the individual health insurance market in that state. House Bill 1106, backed by the North Dakota Department of Insurance,...
SCOR Global P&C Grows Reinsurance Premiums by 9.6% During April Renewals
Apr 22 2019 // SCOR Global P&C grew its gross written premiums by 9.6 percent, at constant exchange rates, to €548 million ($616 million), during the April 1 reinsurance renewals. In the aftermath of the events in 2018, catastrophe...
Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting
Apr 22 2019 // Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of re/insurers that have made similar moves. In addition to excluding coal-based projects from its...
