Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Aon Benfield Study: Global Reinsurer Capital at New Peak – $570 Billion
Sep 8 2014 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyzes the financial results of the world’s leading reinsurers in the first half of 2014, estimates that global reinsurer capital reached a...
Ott Joins StoneHill Reinsurance as Executive Vice President
Sep 5 2014 // Independent Minneapolis-based broker StoneHill Reinsurance Partners LLC announced that Charles R. (Chip) Ott, Jr. has joined the firm as its executive vice president. Ott will work with current and prospective clients on...
SCOR Receives License to Operate as Local Brazil Reinsurer
Sep 4 2014 // France’s SCOR announced the creation of a local entity in Brazil, SCOR Brasil Resseguros SA (SCOR Brasil Re), following receipt of a license to operate as a Local Reinsurer granted by the Brazilian insurance...
S&P Report Warns Reinsurers Not to Ignore Global Impact of Climate Change
Sep 3 2014 // Standard & Poor’s Ratings Services has announced the publication of its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P said the...
‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates
Sep 3 2014 // The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may...
Soares Joins Woodruff-Sawyer in California as Vice President
Sep 2 2014 // San Francisco, Calif.-based Woodruff-Sawyer & Co. announced today that Casey Soares is joining the firm as a vice president and property specialist. Soares will partner with client and prospect teams while serving as...
Aon Benfield Secures Reinsurance Capacity for AEGIS Cyber Offering
Aug 29 2014 // Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a...
S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth
Aug 28 2014 // Standard & Poor’s Rating Services announced the publication of its “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P described the report as...
Underwriting and an EICy Approach to Climate Change
Aug 21 2014 // Floating together in a muck of alphabet soup the insurance industry, the government and the scientific community can be assured success in at least one thing amid their combined efforts to deal with climate...
Allied World Names Bender CEO for Global Reinsurance Operations
Aug 21 2014 // Allied World Assurance Company Holdings, AG announced the appointment of John Bender as CEO for the company’s global reinsurance operations. He has overseen Allied World’s reinsurance platform globally since...
Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best
Aug 20 2014 // A.M. Best announced that it has “revised its ratings outlook on the global reinsurance sector to negative from stable, citing the significant ongoing market challenges that will hinder the potential for positive...
Tough Competition Could Pressure Global Reinsurers Ratings: S&P Report
Aug 15 2014 // Standard & Poor’s Ratings Services announced that it will publish its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. The report “will...
ABIR Members Report 99% Insurance Contract Certainty Results
Aug 14 2014 // The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty rate for insurance contracts at 99.0 percent. The year end 2013 results also showed a...
Fla Citizens’ Business Travel Saves Florida Money
Aug 8 2014 // A recent article by the Palm Beach Post blasting Citizens Property Insurance Corp. executives for traveling overseas casts a negative image onto the state-owned and operated insurer. However, what the article fails to...
Swiss Re Sees Consolidation in Reinsurance amid Price Squeeze
Aug 7 2014 // Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us...
Munich Re Second-Quarter Profit Rises 45% on Investment Gains
Aug 7 2014 // Munich Re, the world’s biggest reinsurer, said second-quarter profit rose 45 percent helped by higher investment income. Net income advanced to €765 million ($1.02 billion) from €528 million [$706 million] a year...
Hannover Re Second-Quarter Profit Rises 10% on Life Reinsurance
Aug 6 2014 // Hannover Re, the world’s third- biggest reinsurer, said second-quarter profit rose 10 percent, helped by a lower level of large claims and higher life reinsurance earnings. Net income climbed to €211.5 million...
Swiss Re Q2 Profit $802 Million; but Misses Estimates on Drop at Life Unit
Aug 6 2014 // Swiss Re Ltd., the world’s second- biggest reinsurer, reported second-quarter profit that missed analysts estimates, as earnings from life and health insurance declined. Net income increased to $802 million from $786...
Best’s Report Sees M&A Activity for P/C & Reinsurance Focused on Diversification
Aug 5 2014 // A report from A.M. Best concludes that “global merger and acquisition (M&A) activity in the property/casualty (P/C) and reinsurance industries continued at a steady pace in the first half of 2014.” Best...
CNA Completes Sale of Continental to Wilton Re
Aug 4 2014 // CNA Financial Corp. announced it has completed completion the sale of Continental Assurance Co. (CAC) to a subsidiary of Wilton Re Holdings. Additionally, Wilton Re Bermuda Limited will reinsure all of the run-off...
