Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
W. R. Berkley Launches South Africa Treaty Unit; Paradine Named Senior VP
Oct 14 2015 // W. R. Berkley Corp. announced it has launched a business unit dedicated to writing South African business. The new unit, which will report to Berkley Re UK, will provide treaty service to both insurers and brokers in the...
Tennessee Dissolves Residual Workers’ Comp Reinsurance Plan
Oct 9 2015 // The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual...
Run-Off Specialty Firm Catalina Agrees to Buy Allianz Suisse Re from Allianz SE
Oct 8 2015 // Catalina Holdings (Bermuda) Ltd. announced its wholly owned Swiss subsidiary, Glacier Reinsurance AG, has signed a definitive agreement to acquire Allianz Suisse Ruckversicherungs-Gesellschaft AG from Allianz SE. Allianz...
Validus Reaseguros Appoints Beltran as Head of Treaty Reinsurance
Oct 7 2015 // Validus Re, the reinsurance division of Bermuda-based Validus Holdings Ltd., has appointed Jorge Beltran as executive vice president, head of Treaty, for Validus Reaseguros Inc. In this new role, Beltran will be...
It’s a Tough Time for Reinsurers, but Their Defensive Strategies Are Working: S&P
Oct 6 2015 // It’s a tough time for reinsurers — “pricing is soft, regulators continue to raise the bar, capital is at record highs, competition is increasing, and reinsurers are constantly looking for ways to remain...
Fitch: 4 Hot Topics Affecting Reinsurance
Oct 5 2015 // Fitch published a list of key takeaways from last month’s reinsurance Rendez-Vous in Monte Carlo, where some of the major trends affecting the industry were discussed: mergers and acquisitions, alternative capital,...
Tianjin Port Blast Chemical Contamination Likely to Boost Re/Insurers’ Losses
Sep 30 2015 // Contamination from chemicals is likely to increase the cost to insurers of last month’s blasts in the Chinese port of Tianjin, costs which are already expected to exceed $3 billion, insurance specialists say. While...
Update: Buffett Cuts Munich Re Shareholding, Responds to Reinsurance Slump
Sep 29 2015 // Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Munich Re after lamenting a slump in the reinsurance business. Berkshire’s holding was lowered to 9.7 percent from about 12 percent, Munich Re said...
Europe’s Rich Families – Such as EXOR’s Agnellis – Turn Dealmakers
Sep 29 2015 // John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company. In June, he gathered two branches of...
Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re
Sep 29 2015 // Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of...
Treasury Names 9 to Panel on Private Insurance Market for Terrorism Risk
Sep 24 2015 // The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance. The...
A.M. Best: Sub-Saharan Re/Insurance Markets Attract Capacity Despite Challenges
Sep 24 2015 // Much has been said in recent years about the opportunities presented by the buoyant strides in economies across the African continent together with challenges that market participants have to overcome; the...
Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference
Sep 22 2015 // Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s...
Overcapacity Weighs on Middle East, No. Africa Reinsurers: A.M. Best Report
Sep 22 2015 // A special report from A.M. Best notes that the “low level of insurance penetration seen in many Middle East and North Africa (MENA) countries, combined with the robust, albeit deteriorating, profitability achieved by...
A.M. Best Explains Its Rating Fundamentals for Hedge Fund Reinsurers
Sep 22 2015 // Since the Aug. 11, 2015 withdrawal of PaCRe Ltd.’s financial strength rating and issuer credit rating at the company’s request, A.M. Best said there has been considerable speculation about A.M. Best’s...
Monte Carlo 2015: Reinsurers Reexamine How They Do Business
Sep 21 2015 // The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees were faced with...
Fitch’s Rendez-Vous Roundup: 4 Hot Topics Affecting Reinsurance Industry
Sep 21 2015 // Fitch published a list of key takeaways from last week’s reinsurance Rendez-Vous in Monte Carlo, where some of the major trends affecting the industry were discussed: mergers & acquisitions, alternative capital,...
Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers
Sep 21 2015 // Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy,...
China Re Wins Hong Kong Stock Exchange Approval for $2 Billion IPO
Sep 18 2015 // China Reinsurance Group Corp., the nation’s biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based company plans to...
Governments Must Act to Cap Global Warming at UN Summit: Reinsurers
Sep 17 2015 // Politicians must act to cap global warming when they meet at a United Nations summit at the end of the year as the financial and humanitarian consequences of natural catastrophes become ever clearer, reinsurers meeting at...
