Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Hannover Re 3rd Quarter Profit Rises 21% on Benign Hurricane Season
Nov 5 2014 // Hannover Re, the world’s third- biggest reinsurer, said third-quarter profit rose 21 percent, helped by a benign U.S. hurricane season and higher income from investments. Net income rose to 251 million euros ($315...
Hedge Funds Need to Be Wary of Push Into Catastrophe Risks: XL Group
Nov 3 2014 // Hedge funds looking for new investments may be pushing too fast into insurance, said Michael McGavick, the chief executive officer of XL Group plc. McGavick joins Franklin Montross, the CEO of Berkshire Hathaway...
A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland
Oct 31 2014 // A.M. Besthas upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland...
Hedge Funds Move Into Catastrophe Reinsurance
Oct 29 2014 // Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as...
Amlin Increases Interest in Leadenhall Capital Partners
Oct 27 2014 // Amlin plc confirms it has signed definitive legal agreements to increase its existing interest in Leadenhall Capital Partners LLP, an investment manager in (re)insurance-linked securities which Amlin established in joint...
Carpenter Report Details Impact of 2004 & 2005 Hurricane Seasons
Oct 27 2014 // Guy Carpenter & Company released Part II of the two-part Ten-Year Retrospective of the 2004 and 2005 Atlantic Hurricane Seasons. Part II focuses on the 2005 hurricane season and the cumulative effects of both the 2004...
Aon Benfield Launches Arabian Earthquake Model
Oct 21 2014 // Impact Forecasting, Aon Benfield’s catastrophe model development unit, launched a catastrophe model to estimate the financial impact of earthquakes in the Arabian Peninsula. The demand for catastrophe modeling in the...
Hannover Re Sees Storm Losses Stabilizing Reinsurance Prices in Germany
Oct 21 2014 // Hannover Re, the world’s third- largest reinsurer, expects more than 5 billion euros ($6.4 billion) in losses from two storms to sustain prices for coverage in Germany. “Heavy loss expenditures, especially in...
Litmus: More Bearish Ratings Expected for Reinsurance Sector
Oct 21 2014 // Since January the rating agencies have become increasingly negative on their outlook for ratings in the reinsurance sector overall, while in practice affirming or even increasing individual reinsurer* ratings. Standard and...
Swiss Re Says Industry Won’t Repeat Past Mistakes
Oct 20 2014 // Swiss Re Ltd., the world’s second- largest reinsurer, said better models and oversight will prevent substantial losses as the industry struggles with a price slump. “Earnings in the reinsurance industry are...
Brokers Willis Group, Miller Talk Merger of Wholesale Brands
Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...
Cunningham to Become CEO of IAT Reinsurance
Oct 17 2014 // IAT Reinsurance Company Ltd., the privately owned Bermuda insurer, announced that Peter R. Kellogg is retiring as chief executive officer, a position he has held since the company’s founding in the early...
Hamilton Insurance Buys 2 TIG Insurance Units
Oct 10 2014 // Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as non-executive chairman, acquired two units from Prem Watsa’s Fairfax Financial Holdings Ltd. as part of a push into...
Best Upgrades Ratings of Taiping Reinsurance
Oct 9 2014 // A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Taiping Reinsurance Company Limited (TPRe) (Hong Kong). The...
ANV’s CEO Multitasks His Management of an Expanding Company
Oct 6 2014 // Matt Fairfield, the founder and CEO of Dutch specialty insurance group ANV, has a lot on his plate managing the company’s activities in insurance, reinsurance and the Lloyd’s market. Carrier Management caught...
Aon Benfield’s COO Explains How He Implements a Complex Strategy
Oct 2 2014 // Aon Benfield’s COO Michael Moran shares Chicago roots with Aon and a lot more as he oversees the implementation of the strategy for its $30 billion a year reinsurance division. He discussed just what that entails in...
Texas Windstorm Insurer Says Finances Are Shaping Up
Oct 1 2014 // Texas Windstorm Insurance Association (TWIA) announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since...
Interview: D&O Cyber Liability, Cyber Risks Top Lawyers’ Agenda
Oct 1 2014 // Jeff Kingsley, a partner with the law firm of Goldberg and Segalla, specializes in technology risks, notably cyber liability and cyber risk, an emerging sector with many variables and pit falls for the unwary, which he...
Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion
Sep 29 2014 // Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
