Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises
Jan 22 2015 // The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Third Point Re Picks Short Hills, N.J., as U.S. Subsidiary Location
Jan 21 2015 // Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, senior vice president of...
Allianz Re CEO Ahmed Says Rate Reductions May Abate in 2015
Jan 21 2015 // Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said. “Our assessments show that rates in some...
Reinsurance Execs See Market Adjusting to New Realities
Jan 20 2015 // Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and...
A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market
Jan 14 2015 // Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain...
Top 10 Casualty Insurance Trends for 2015
Jan 12 2015 // While casualty insurance rates are stable and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. Following are 10...
PartnerRe Establishes PartnerRe Asia
Jan 9 2015 // Partner Reinsurance Asia Pte. Ltd., a wholly owned subsidiary of PartnerRe Ltd., has been licensed by the Monetary Authority of Singapore to operate as a non-life and life reinsurer, capitalized in Singapore, according to...
Qatar Re Appoints Speare-Cole Chief Underwriting Officer
Jan 8 2015 // Qatar Re announced the appointment of Alastair Speare-Cole as Chief Underwriting Officer, effective, January 12, 2015. He joins from JLT Re, the world’s fourth largest reinsurance broker, where he served as CEO since...
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy...
Aon Benfield 2015 Reinsurance Outlook Notes ‘Financial Security’ Strength
Jan 5 2015 // The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in strengthening the capital...
Willis Re Renewals Report Sees Continued Industry ‘Reshaping’
Jan 2 2015 // “Relentless rate reductions, low investment returns and the continued influx of alternative capital have offered no respite for reinsurers at the January 1, 2015 renewal season with a reshaping of the global...
Brown & Brown Sells Reinsurance Broker Axiom Re to Beach Re
Jan 1 2015 // Brown & Brown Inc. sold certain assets of one of its subsidiaries, Axiom Re, to Beach Re Limited effective December 31, 2014. Axiom Re is a reinsurance brokerage operation based in North Carolina with approximate...
U.S. Treasury Releases Report on Global Reinsurance Industry
Dec 31 2014 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry. The report, Breadth and Scope of the...
Most Popular Insurance Journal International Stories of 2014
Dec 31 2014 // Listed below are 10 of the most popular articles that appeared in the international section on Insurance Journal in 2014 in no particular order: Somali Pirates Driven Off in First Attack of 2014 – After this first...
Allianz Lead Reinsurer for Missing AirAsia Plane; JLT Broker
Dec 29 2014 // German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this...
A.M. Best: Rated Middle Eastern Insurers Well-Capitalized; Reliant on Reinsurance
Dec 22 2014 // Insurers in the Middle East have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance protection and carry elevated levels of investment risk. A new report from A.M. Best states...
A.M. Best: Ratings Stable for Western European (Re)Insurers
Dec 22 2014 // Insurers and reinsurers in western Europe posted solid performances in 2014 and retained their capital strength against a backdrop of economic calm, according to a new special report from A.M. Best. The report analyzes the...
Aspen Re Renews Special Purpose Insurer Silverton for 2015
Dec 22 2014 // Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, announced that its Aspen Capital Markets division has renewed Silverton Re for 2015. Silverton Re is a Bermuda-domiciled special purpose...
