Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
House Panel Gets Down to Business on Flood Insurance Proposals
Jun 15 2017 // House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The...
Peak Re Wins Approval to Write Reinsurance in Malaysia
Jun 13 2017 // Peak Reinsurance Co. Ltd., a Hong Kong-based reinsurer, has been granted the approval-in-principle by the Labuan Financial Services Authority to carry on general reinsurance business in and through the Labuan insurance...
Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus
Jun 12 2017 // Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last...
Brave New World: 1st Reinsurance Product Heads to the Blockchain
Jun 9 2017 // Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the...
Topa Names Chang Assistant Vice President in California
Jun 8 2017 // Topa Insurance Co. has named Olive Chang assistant vice president of reinsurance and programs. Chang will be located in the Calabasas, Calif. office. She will manage reinsurance and programs operation, quality control of...
1347 Property Insurance Holdings Appoints Case as Chief Operating Officer
Jun 8 2017 // 1347 Property Insurance Holdings, Inc., a property and casualty insurance holding company based in Tampa, Fla., has appointed Dan Case to the position of chief operating officer. Case will be responsible for strategies and...
U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord
Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Ed Taps Willis Re’s Wicks as Non-Marine Reinsurance Chair
Jun 6 2017 // Global reinsurance and specialty insurance broker Ed has named Ian Wicks as chairman of non-marine reinsurance. Wicks brings 40 years of experience in the insurance industry to Ed. He joins from Willis Re, where he served...
Heritage Insurance Secures $1.7B in Florida Reinsurance Cover for 2017-2018
Jun 6 2017 // Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, announced that its insurance subsidiaries, Heritage Property & Casualty Insurance Co. and Zephyr Insurance Co., have completed the...
Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report
Jun 5 2017 // Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell...
InsurLab Germany Launched in Cologne to Promote Insurtech Innovation
Jun 5 2017 // InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry. There are eight founding insurance companies: AXA, Barmenia, Debeka,...
Soft Reinsurance Prices to Continue Until Year-End – at Least: Fitch
Jun 5 2017 // The soft pricing in the global reinsurance market will continue, at least for the rest of the year, according to Fitch Ratings. Fitch expects premium rates to continue declining due to large amounts of under-deployed...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
Greenlight Capital Re Names Former SAC Re Executive, Burton, as New CEO
Jun 2 2017 // Greenlight Capital Re tapped a veteran Bermuda reinsurance executive as its new chief executive officer. Simon Burton is slated to become CEO of the hedge fund/specialist reinsurer as of July 1, 2017 and will also serve on...
Guy Carpenter Taps Gen Re’s van Oort as Managing Director, Benelux Operations
Jun 1 2017 // Guy Carpenter & Co. announced the appointment of Hans van Oort from General Reinsurance Co. as managing director, Guy Carpenter Benelux, effective Dec. 1, to further strengthen the regional team. He will be responsible...
Flood Insurance Looks Like One Area of Bipartisan Agreement
May 30 2017 // Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners...
Here’s What the House Has in Mind for Revamping Flood Insurance Program
May 26 2017 // A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce...
A.M. Best Places Ratings of Sompo Japan Canopius Re Under Review
May 23 2017 // A.M. Best has placed under review with developing implications the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Zurich-based Sompo Japan Canopius Reinsurance...
Re/Insurers, Other Global Businesses Have Stake in New WHO Leader
May 19 2017 // The World Health Organization’s 194 member-states will vote for a new director-general next week, choosing a doctor to lead the planet’s top technical agency on all matters health. With a $4 billion annual...
COO Manzitto to Resign from Topa in California
May 17 2017 // Anthony Manzitto, chief operating officer of Calabasas, Calif.-based Topa Insurance Group, is resigning at the end of this month to pursue another opportunity, according to a letter from President and CEO John Donahue that...
