Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
Jul 24 2015 // Aon announced that Qin Lu has joined the group as CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions, China, to take effect later this year. The bulletin said the new appointment would “help to align...
A.M. Best Assigns Ratings to Tower Hill Prime Insurance Co.
Jul 24 2015 // A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Tower Hill Prime Insurance Company (Tower Hill Prime) in Gainesville, Fla. The outlook assigned to...
Ryan Joins Integro Re as Senior VP in Chicago
Jul 23 2015 // Integro Re, the reinsurance division of international insurance brokerage and risk management firm Integro Ltd., has hired Tara Ryan as senior vice president in Chicago. Her responsibilities include the production and...
Update: PartnerRe Reverses Stance, Seeks Talks with Hostile Bidder EXOR
Jul 21 2015 // PartnerRe Ltd., the reinsurer that agreed to merge with AXIS Capital Holdings Ltd., said it will enter negotiations with hostile bidder EXOR SpA after the Italian company’s latest cash offer for more than $6.7...
Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best
Jul 21 2015 // As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best said it is considering the effect a future sovereign downgrade would have on rated re/insurers’ balance sheets and...
Hartford Names Gen Re’s Tooker as P/C Insurance Chief Underwriting Officer
Jul 20 2015 // The Hartford has named A. Morris “Mo” Tooker as executive vice president and chief underwriting officer for the company’s property/casualty insurance businesses. Tooker will oversee underwriting across...
Re/insurance Market Conditions Will Lead to More M&A Activity: A.M. Best
Jul 20 2015 // Merger and takeover activity is likely to continue in the coming months as re/insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment...
Willis Capital Sees More Strategic Restructuring in Reinsurance Programs
Jul 17 2015 // The reinsurance industry has seen more strategic restructuring within many Florida reinsurance programs in the first half of 2015, with commensurate gains for shareholders and policyholders, according to the latest...
Xuber’s Bermuda Roundtable White Paper Summarizes Executives’ View of M&A
Jul 15 2015 // Xuber, Xchanging’s insurance software business, has gathered a report, which reveals that “insurance executives in Bermuda are questioning the long-term benefits of the current spate of mergers and acquisitions...
Iran Accord Would End Sanctions on Many Industries Including Re/Insurance
Jul 15 2015 // Iran and world powers reached a historic accord designed to prevent the Islamic Republic from developing nuclear weapons in return for ending sanctions that have crippled the nation’s economy and slashed its oil...
SNL’s Top 15 Reinsurers: M&A Fails to Push Europeans Out of Leader Spots
Jul 13 2015 // SNL Financial published a list of the top 15 global reinsurers last week, showing the major European reinsurers in the top four spots. The ranking is based on 2014 assumed reinsurance premiums for both non-life and life...
Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.
Jul 13 2015 // Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named...
PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer
Jul 13 2015 // PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two...
Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’
Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...
Cooper Gay Swett & Crawford Appoints Padilla Gen’l Manager-Parts of Lat. Am.
Jul 9 2015 // Independent wholesale broker Cooper Gay Swett & Crawford (CGSC) has appointed Alejandro Padilla as General Manager and Head of Broking for Mexico, Central America, Puerto Rico and the Dominican Republic, effective...
AXIS & PartnerRe Consider Sweetening $6.2B Merger Agreement: Sources
Jul 9 2015 // Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people familiar with the matter...
PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan
Jul 6 2015 // PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s...
‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes
Jul 6 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...
Willis 1st View Reinsurance Report on Pricing Finds some Stabilization
Jul 2 2015 // According to the latest 1st View Renewals Report from Willis Re, the relentless “period of rate reductions” in reinsurance pricing shows signs of softening with “early signs” of price stabilization...
Reinsurance Industry Faces Uncertain Future as Time Moves On
Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...
