Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida
Sep 1 2016 // “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the author is unknown, this comment is often attributed to Mark Twain or Thomas...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
How Florida Insurers Can Prepare for Claims from a Major Hurricane
Aug 31 2016 // After eight hurricanes in two years between 2004 and 2005, we haven’t seen a hurricane in Florida for over 10 years. Has the state learned from those storms? Are the insurance companies ready? What about the...
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
Aug 30 2016 // Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report published by Fitch...
Integro Expands Reinsurance Presence in Latin America with HRL Alliance
Aug 29 2016 // International broker and risk management firm Integro announced an agreement with HR Latinoamerica Ltda. Corredores de Reaseguros (HRL) to serve as HRL’s exclusive London wholesale reinsurance trading partner. The...
Jain Tells General Re to Get Leaner and Lower Costs
Aug 26 2016 // Ajit Jain, one of Warren Buffett’s top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It’s time for their business to get much leaner and less bureaucratic. After...
A.M. Best Revises Outlook to Positive for Texas-Based State National Group
Aug 25 2016 // A.M. Best revised the issuer credit rating (ICR) outlook to positive from stable, and affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of “a” of State National Insurance Co. Inc. and...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs
Aug 23 2016 // It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could...
Reinsurers’ Strong Enterprise Risk Management Key to Success – and Survival: S&P
Aug 22 2016 // The reinsurance sector’s focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, according to a...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P
Aug 17 2016 // Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of natural catastrophes returns...
Swiss Re Names Madzinga to Lead Reinsurance in Middle East and Africa
Aug 12 2016 // Swiss Re announced the appointment of Tavaziva (“Tava”) Madzinga as its new reinsurance managing director & market executive for Middle East and Africa. His appointment is effective Nov. 1, 2016, subject to...
Hallenbeck to Retire, Freese to Become President at EMC Reinsurance
Aug 10 2016 // Ron Hallenbeck, who has served as president of Des Moines, Iowa-based EMC Reinsurance Co. for nearly 22 years, is retiring on Aug. 19. Vicki Freese, assistant reinsurance manager, will assume the position of president of...
Munich Re Q2 Profits Beat Expectations, Aid Claims and Restructuring Costs
Aug 9 2016 // Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and...
A.M. Best Assigns ‘A’ Rating to Starr International (Europe) Ltd.
Aug 8 2016 // A.M. Best has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to UK-based Starr International (Europe) Ltd. (SIEL). The outlook assigned to each rating is...
Florida-Based Jackson Appointed Managing Director of RFIB Americas
Aug 8 2016 // RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, has appointed Glenn Jackson as a managing director of RFIB Americas. He takes up his position with immediate effect reporting to Nick...
Florida’s Homeowners Choice Secures Nearly $1B in Reinsurance
Aug 8 2016 // Homeowners Choice Property & Casualty Insurance Co. Inc., a Florida-based provider of homeowners insurance, has completed its reinsurance program for the 2016-17 reinsurance year, which runs from June 1, 2016, through...
The Cincinnati Insurance Co. Adds 3 to the Cincinnati Re Team
Aug 3 2016 // Cincinnati Financial Corp. announced that R. Philip Sandercox, Erin A. Skala and Wendy A. Hayes joined The Cincinnati Insurance Co., adding expertise to Cincinnati Re, its reinsurance assumed operation. Sandercox, managing...
