Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
A.M. Best Ratings Recap
Feb 5 2018 // Outlooks Positive: Northwest G.F. Mutual Insurance Co. A.M. Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of...
Incumbent Re/Insurers Drive Insurtech Investments in Q4 2017: Willis Towers Watson
Feb 2 2018 // Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends...
Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch
Jan 26 2018 // The Bermuda re/insurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the U.S. corporate tax rate to 21...
Mississippi Insurance Commissioner Backs Bill to Increase Authority Over Wind Pool
Jan 26 2018 // Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents. Commissioner Mike Chaney says the...
January Renewals Saw Rate Hikes of Up to 5%, with More Expected: S&P
Jan 25 2018 // Global reinsurance pricing in aggregate was flat to up about 5 percent during the January 2018 renewals, and more price hikes can be expected in loss-affected areas during the year, according to S&P Global...
AXIS Capital Restructures to Focus More on Tech & Innovation
Jan 24 2018 // AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second...
In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market
Jan 23 2018 // In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He...
TigerRisk Names Beckers, from Aon, as Partner and Head of EMEA
Jan 23 2018 // TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced that Marc Beckers has been named partner and head of EMEA. Beckers, most recently head of Aon Benfield ReSolutions EMEA, is one of...
Connecticut’s Paragon Insurance Holdings Hires Petersen
Jan 23 2018 // Paragon Insurance Holdings LLC (Paragon), an Avon, Conn.-based national multi-line specialty managing general agent, has hired Andrew Petersen to the Paragon executive management team as regional president and executive...
AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
Jan 23 2018 // American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
XL Group: Loss Estimates of $45M Related to Southern California Wildfires
Jan 22 2018 // XL Group Ltd. in mid-January announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Ratings Assigned to Iowa’s Midwest Family Advantage Insurance
Jan 17 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook...
Argo Group Renews Harambee Re Sidecar Reinsurer for 2018
Jan 16 2018 // Argo Group International Holdings Ltd., the international underwriter of specialty insurance and reinsurance products, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2018. Launched in...
Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield
Jan 11 2018 // Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to...
XL Group: Loss Estimates of $45M Related to Southern California Wildfires
Jan 11 2018 // XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
eReinsure Adds Blockchain Services to Reinsurance Technology Platform
Jan 9 2018 // eReinsure.com, Inc., a global specialty insurance distributor and part of AmWINS Group, will offer a blockchain service linked to its reinsurance platform to help companies share information. According to Igor...
MS Amlin Creates Bermuda-Based Reinsurance Sidecar, Viribus Re
Jan 8 2018 // MS Amlin, the London-based specialist re/insurer, announced that a Bermuda-domiciled special purpose reinsurer, Viribus Re Ltd., has been created to provide collateralized capacity support for MS Amlin Syndicate...
