Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As
Sep 15 2015 // Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based...
Swiss Re CFO: Some Reinsurance Deals in Time May Prove ‘Adventuresome’
Sep 15 2015 // Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as “adventuresome,” the chief financial officer of reinsurer Swiss Re said. The reinsurance business has...
Aon Launches Cat Model for Marine & Energy Insurers
Sep 15 2015 // Aon Benfield announced it has invested in an innovative catastrophe model to help marine and energy insurers more accurately assess their cargo risks. While there are plenty of catastrophe models in the non-marine sector,...
Reinsurers Seek New Markets, Underinsured Risks to Ease Price Pressures
Sep 14 2015 // Major reinsurers like Munich Re, Swiss Re, Hannover Re are looking to new markets and selling more cover to existing clients to ease price pressures after several years of falls, they said at their annual meeting in Monte...
Guy Carpenter Execs Discuss Reinsurance Trends at Rendez-Vous Panel
Sep 14 2015 // Challenging market conditions due to abundant capacity, the ongoing influx of new capital and limited loss experience, continue to put pressure on the reinsurance sector, while recent M&A activity is adding a new...
Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re
Sep 14 2015 // Canopius Group AG* announced the formation of an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc. The business...
Sequant Re Names Baillargeon as Chief Underwriting Officer
Sep 14 2015 // Bermuda-based Sequant Re appointed Victor Baillargeon as chief underwriting officer. With over 35 years of underwriting experience, Baillargeon will lead the development of Sequant Re’s underwriting strategies that...
Reinsurers Expect Continued Downward Pressure on Pricing During 2016
Sep 14 2015 // The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade’s quietest years for catastrophe...
Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting
Sep 11 2015 // A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s annual industry meeting in Monte Carlo eyeing who might next become predator or...
Third Point Re: ‘It’s Tough Out There’ with Ongoing Influx of Capital Market Capacity
Sep 11 2015 // Executives at Dan Loeb’s reinsurer, which is headed for its second-straight annual decline in New York trading, told investors not to count on a quick rebound in the industry as competition...
Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
Sep 10 2015 // Markel Corporation and CATCo Investment Management Ltd. announced they have entered into an agreement whereby Markel will acquire substantially all of the assets of CATCo, a Bermuda-based specialist in insurance linked...
Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate
Sep 10 2015 // In its most recent Reinsurance Market Report Willis Re, the reinsurance division of Willis Group Holdings plc, notes: “Faced with significant over-capacity and widespread pricing pressure, the growth in global...
SCOR’s ‘Optimal Dynamics’ Plan Producing Results
Sep 9 2015 // French reinsurer SCOR Group held its annual Investor Day in Paris that included an overview of the implementation of the company’s strategic plan “Optimal Dynamics” in its first two years. SCOR’s...
Global Reinsurers’ Capital Remains Stable on Underlying Basis: Aon Benfield Report
Sep 9 2015 // Global reinsurer capital totaled $565 billion at June 30, 2015, a reduction of two percent relative to the end of 2014 that was driven by strengthening of the U.S. dollar, according to the latest edition of the Aon...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
Xuber Survey Finds London Insurance Execs Fear ‘Brexit’
Sep 8 2015 // Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for...
Citizens Highlights ‘Disturbing’ Water Loss Trend at FLOIR Rate Hearing
Sep 7 2015 // Representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their rate filing for 2016, which included significant increases in many Florida regions, before the Florida Office of...
Hurricane Katrina: Every Number Tells a Story
Sep 7 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
What to Know About Insurance Company Financial Status
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success. To summarize his...
Repeating Mistakes
Sep 7 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new poll of Lloyd’s reinsurance...
