Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Joyce Joins Holborn as Senior VP in Minneapolis
Mar 26 2015 // Independent reinsurance broker Holborn Corp. announced that Michael S. Joyce has joined the firm as a senior vice president in its Minneapolis office. His areas of expertise in reinsurance include workers’...
IRB Brasil RE Seeks to More Aggressive Growth in Latam, Africa; Weighs IPO
Mar 24 2015 // IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil’s largest reinsurer to seek an initial public offering or tap an outside partner before 2018,...
Wall Street Journal: Collapse of Southport Lane’s Insurance Empire
Mar 23 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...
ACE, Blackrock Seek Up to $1.3 Billion for Bermuda Reinsurance Venture
Mar 20 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR Reinsurance...
A.M. Best Affirms Ratings of Third Point Reinsurance & Subsidiaries
Mar 20 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance...
P/C Insurance M&As: Deal Value Up, More to Come
Mar 17 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
Insurance Industry Presence Supports UN’s Disaster Risk Reduction Quest
Mar 16 2015 // The re/insurance industry has answered the call presented by the UN’s Disaster Risk Reduction initiative, as industry representatives gathered with others to attend the 3rd UN World Conference on Disaster Risk...
Indonesia Shariah Insurance Growth Attracts AIG: Islamic Finance
Mar 13 2015 // Indonesia’s Islamic insurance industry is expanding three times as fast as Malaysia’s, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the nation. AIG is...
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
Mar 12 2015 // China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk,...
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
Munich Re Continues Buying Back Shares Amid Falling Profit
Mar 11 2015 // Munich Re, the world’s biggest reinsurer, will continue buying back shares as declining prices and lower investment income undermine earnings. Munich Re plans to repurchase an additional €1 billion ($1.056 billion)...
Bilot, Knutzen Lead Advocate Reinsurance Partners’ Minneapolis/St. Paul Office
Mar 10 2015 // Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm based in Dallas, announced the appointments of Daniel Bilot and Jon Knutzen as partners in the firm’s new Minneapolis/St. Paul,...
Low Catastrophe Claims Help to Boost Full-Year Profit for Hannover Re
Mar 10 2015 // Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed. Net income rose...
Insurers, Brokers and Clients Express their Views on the Industry
Mar 9 2015 // The Economist’s Insurance 2015 Conference, which took place on Tuesday, March 15, at the ornate Clothworkers Hall in London, featured a panel that expressed the views of insurers, brokers and their clients in a...
Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8...
Hedge Fund, Sandell Asset Management, Forms Bermuda Reinsurer
Mar 5 2015 // Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee the reinsurer’s...
A Closer Look at Berkshire Hathaway’s Insurance Operations
Mar 4 2015 // Carrier Management Special Report Warren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance;...
Vanbridge to Acquire Alan Gray in Boston
Mar 4 2015 // Vanbridge LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York, announced that it has agreed to acquire Alan Gray Inc., an audit, actuarial, underwriting,...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report
Feb 27 2015 // The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted that the deal will significantly boost Fairfax’s underwriting...
