Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Key Florida Players to Highlight Importance of Catastrophe Reinsurance
Apr 25 2016 // Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this...
Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...
Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best
Apr 20 2016 // Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the 1-in-250-year level, according...
Hearn of CGSC to Become CEO of Lloyd’s Broker CGNMB After Newman Retires
Apr 18 2016 // CGNMB LLP, the London-based Lloyd’s broker, announced that Gordon Newman will retire from his role as CEO on April 20. Subject to regulatory approvals, his role and responsibilities will be assumed by Steve Hearn,...
Reinsurers’ Results Are Strong – but Can Good Fortune Continue? Asks A.M. Best
Apr 14 2016 // Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the headwinds that are...
CEO Montross to Exit Gen Re at Year’s End; New CEO to Report to Jain, Not Buffett
Apr 13 2016 // General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer said on Tuesday. An eventual successor will report to Berkshire Hathaway executive Ajit...
Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units
Apr 12 2016 // Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company: Daniel Loeb’s hedge fund. Loeb’s Bermuda-based Third Point Reinsurance Ltd....
Plenum Launches Diversified ILS Fund, Partnering with Bermuda’s Sequant Re
Apr 11 2016 // Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant...
Catastrophe Reinsurance Prices Will Continue to Drop This Year: Swiss Re
Apr 7 2016 // Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to Swiss Re AG. “Price...
Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report
Apr 6 2016 // Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a...
Aon Benfield Launches Global Reinsurer Trading Platform with Real-Time Data
Apr 5 2016 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch on April 11 a global reinsurer trading platform called ABConnect Placements. Available for use with the July 1 renewals, ABConnect...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the...
Growth in Cyber Coverage Expected as Underwriting Evolves
Apr 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to refine underwriting requirements, according to industry...
April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re
Apr 1 2016 // While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For the fourth consecutive...
Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Legacy Specialist Compre Arranges Deals with QBE and German Mutual
Mar 30 2016 // Compre, the London-based insurance and reinsurance legacy specialist, announced the signing of an agreement to acquire QBE’s share of the Ridgwell Fox & Partners’ (RFP) pool legacy reinsurance business. The...
10 ACP Re Insurers Miss Deadline; A.M. Best Places Ratings Under Review
Mar 25 2016 // A.M. Best said it has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of ACP Re Ltd., based in Hamilton, Bermuda...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...
PartnerRe Appoints EXOR’s Elkann as Chairman; Clarke Named CEO
Mar 24 2016 // EXOR SpA Chief Executive Officer John Elkann was named chairman of PartnerRe, the reinsurer that his investing firm acquired for [$6.9 billion on March 18, 2016 in its largest takeover]. PartnerRe President Emmanuel Clarke...
Strong Reinsurer Results Hide Difficult Business Conditions: S&P, Fitch Reports
Mar 24 2016 // Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor’s Ratings Services and Fitch Ratings in new...
