Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance
Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now. The...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS
Apr 24 2015 // Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that...
Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%
Apr 23 2015 // Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per...
Safety National Rebrands Reinsurance Platform: Safety National Re
Apr 22 2015 // St. Louis, Mo.-based Safety National Casualty Corp. announced it has rebranded its reinsurance platform as Safety National Re. Safety National Re will continue to offer its existing products and solid financial security,...
EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule
Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the...
2015 Expected To Remain Challenging For Reinsurance: Best Special Report
Apr 21 2015 // A.M. Best has released a new equity report focusing on the stock performance of global reinsurance companies. The report covers fourth quarter and full-year 2014 and “shows mixed results.” Best said: “For...
Guy Carpenter Launches Public Sector Specialty Practice
Apr 20 2015 // Guy Carpenter has announced the launch of its Public Sector Specialty Practice, utilizing a global team focused exclusively on the unique risk management needs of governmental agencies and entities. “Approximately 73...
Best Opens Singapore Office to Expand in Asia-Pacific Region
Apr 20 2015 // A.M. Best announced the establishment of a new office in Singapore as part of its continuing growth in the Asia Pacific Region, as the economies of the countries located there continue to expand. Best said the office would...
The Story Behind Southport Lane’s Collapse
Apr 20 2015 // An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being...
TigerRisk Partners Appoints Ursano President
Apr 17 2015 // TigerRisk Partners LLC, the reinsurance broking and risk/capital management firm, announced that it has appointed Tony Ursano, a veteran investment banker and reinsurance expert, as its President. He will help “grow...
EXOR Shuns Hedge Fund Strategy With $6.4 Billion Buyout Plan of PartnerRe
Apr 17 2015 // The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR is shunning the...
Validus Reaseguros Promotes Salamanca in Miami Office
Apr 16 2015 // Validus Reaseguros, Inc. (VRI), a part of Validus Reinsurance, Ltd. focused on the Latin American and Caribbean markets, has promoted Alejandro Salamanca in its Miami office. Salamanca, currently an underwriter in the...
Tokio Millennium Re AG Receives Authorization to Operate UK branch
Apr 15 2015 // Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that it has received authorization from the UK Prudential Regulation Authority...
Update: Italy’s EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal
Apr 14 2015 // Italy’s billionaire Agnelli family, with a $6.4 billion unsolicited bid for PartnerRe Ltd., is seeking to thwart its target’s planned merger with AXIS Capital Holdings Ltd. EXOR SpA, the Turin-based investment...
Best: Indonesia Insurers’ Reinsurance Buying Habits Could Affect Capital Ratios
Apr 10 2015 // The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M....
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
Bermuda Re/Insurers Post Strong 2014 Global Underwriting Results: ABIR
Apr 6 2015 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said:...
Willis Appoints Scope as Chairman of its Bermuda Operations
Apr 2 2015 // Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range...
BlackRock, ACE Raise $800 Million to Form Bermuda Reinsurer
Apr 2 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range. ABR Reinsurance Capital Holdings Ltd....
Willis Re 1st View Report: Cycle Strained; ILS Funds Not Immune
Apr 1 2015 // “The urgent – and ever increasing – need for change across the reinsurance industry as it forms a new paradigm” is the subject discussed in Willis Re’s latest “1st View” renewals...
