Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author
Jul 1 2015 // Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance...
Texas Court Denies Insurer’s Reinsurance Tax Break Argument
Jun 29 2015 // A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t...
How Terrorism Reinsurance Law Uncertainty Affected Market
Jun 29 2015 // After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior,...
Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author
Jun 26 2015 // First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale...
Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill
Jun 26 2015 // The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore...
Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker
Jun 25 2015 // Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this...
‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes
Jun 24 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,”...
ThoughtWorks Provides New Thinking for Insurers’ Software Needs
Jun 24 2015 // Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of...
Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting
Jun 23 2015 // Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the...
Amlin Appoints Few as Global Managing Director of Reinsurance
Jun 22 2015 // London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval. He will be supported by Christian Bieri, who continues to lead...
How Obamacare Has Avoided Death Spiral
Jun 19 2015 // Not so long ago, critics of Obamacare were warning of death spirals, the risk that too many sick people and not enough healthy ones would sign up for insurance, triggering a cycle of ever higher costs for insurers and...
World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar
Jun 19 2015 // World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of...
Reinsurance Suit Against Greenberg Sent to New York’s Top Court Again
Jun 19 2015 // A decade-old lawsuit in which New York accused former American International Group Inc. Chief Executive Maurice “Hank” Greenberg of accounting fraud will head to the state’s highest court for a second...
Berkshire Hathaway to Buy Stake in IAG to Boost Australia Insurance Sales
Jun 16 2015 // Warren Buffett’s Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. as part of a plan to expand in the region. The agreement will give Berkshire 20 percent of...
Third Point Re CEO: Reinsurance Not as Easy to Enter as Some People Think
Jun 11 2015 // Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, said the company is positioned to withstand competition from other investment firms because the industry isn’t as easy to enter as some people...
JLT Re Appoints Walters to Support International Growth, Client Development
Jun 9 2015 // JLT Re, the London-based provider of reinsurance broking and capital solutions, announced that Russell Walters has joined as a partner. Bradley Maltese, deputy CEO of UK & Europe, said, “Russell joins JLT Re with...
Ariel Re to Use Xuber Software for Lloyd’s and Bermuda Reinsurance
Jun 8 2015 // Xuber, Xchanging’s insurance software business, announced that it has been appointed by P/C reinsurer Ariel Re to provide “the Xuber ‘for Reinsurers solution suite’ for the company’s...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter
Jun 5 2015 // After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. Reinsurance broker Guy Carpenter & Co. reported that...
Brazil Weighs Sale of Some of Its Stake in IRB in $1.3B Reinsurer IPO: Sources
Jun 3 2015 // Brazil’s government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two people with direct...
Mobile Tech Provider Slipcase Gets $1.52 Million for Development
Jun 2 2015 // Slipcase.com (formerly My Slipcase) announced that it has received nearly £1 million ($1.524 million) in technology investment from putitout, a UK software provider. Slipcase was founded in 2012 to create a “central...
