Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
AmTrust Signs $400M Reinsurance Agreement with Premia
Jul 7 2017 // Hoping to reassure stakeholders that the company is “well insulated from any potential reserve volatility in the future,” specialty insurer AmTrust Financial Services Inc. has entered into an agreement for a...
Kent to Become Willis Re’s Global CEO when Cavanagh Retires
Jul 6 2017 // Willis Re announced that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his position as global CEO in December 2017. Kent joined Willis Re in 2004 and has served as the global...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international...
QBE Chile Completes Management Buyout; Rebrands as ‘Unnio’
Jun 30 2017 // QBE Chile Seguros Generales S.A. has completed a management buyout by purchasing the company in May 2017 from QBE Latin America Insurance Holdings. Financial details of the transaction were not disclosed. Following the...
Reinsurance Rates Continue to Soften with No End in Sight: S&P
Jun 23 2017 // The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor’s said in a new...
Arch Re’s Canada Branch Names Aon Benfield’s Dagneau as CEO
Jun 19 2017 // Arch Reinsurance Co. announced that François Dagneau will be appointed to the position of chief executive officer of the Arch Reinsurance Co. Canada Branch in June. Dagneau will replace Patrick McGuiness, who is retiring...
U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord
Jun 19 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...
Texas Windstorm Insurer: Finances Sound at Start of Hurricane Season
Jun 19 2017 // The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season after once again securing $4.9 billion in total funding. TWIA is the insurance carrier of last resort...
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...
