Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Cooper Gay, NMB Appoint Stephenson to Head Joint Reinsurance Unit
Jul 8 2014 // UK-based broker Cooper Gay & Co Ltd. and Newman Martin and Buchan LLP (NMB), have appointed Martin Stephenson as CEO for their combined Reinsurance business, effective immediately. Stephenson was previously managing...
Amlin Agrees ‘Non-Binding’ Terms to Increase Leadenhall Capital Stake
Jul 7 2014 // Amlin plc announced that it has “reached non-binding agreement in principle to increase its existing interest in Leadenhall Capital Partners LLP (LCP),” an investment manager in (re)insurance-linked securities,...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
How New Capital is Changing P/C and What To Do About It
Jul 7 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate. Reinsurers face a growing threat from the capital...
The Strange Case of the Use and Abuse of Insurance Ratings
Jul 7 2014 // Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance. They are very heavily relied on by both buyers and brokers, yet subject to a great...
UN, IIS, Willis Urge ‘Convergence of Communities’ to Face Climate Change
Jul 2 2014 // The third day of the International Insurance Society’s Annual Seminar was an all-day session devoted entirely to the threat posed by climate change, the studies of its risks and the solutions available to face...
Catalina Completes Marine Liabilities Reinsurance Deal with Delta Lloyd
Jul 2 2014 // Bermuda-based Catalina Holdings announced that, following receipt of regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), it has completed its reinsurance transaction with Delta Lloyd under...
Brokers Say Reinsurance Prices under Pressure at Mid-year Renewals
Jul 2 2014 // Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. Reinsurers have been...
Reinsurers Starting to Drop their Terrorism Exclusions
Jul 1 2014 // As property insurers lock up their July 1 reinsurance renewals, many are finding a bonus surprise above and beyond the soft pricing environment – the terrorism exclusions that have been standard in reinsurance contracts...
Koh Joins Hong Kong’s Peak Re as Senior VP
Jun 24 2014 // Peak Reinsurance Co. Limited, the Hong Kong based reinsurer, has appointed Kathleen Koh as senior vice president to underwrite credit and surety business. Koh will be responsible for developing and growing Peak Re’s...
Validus to Buy Western World Insurance for $690M
Jun 23 2014 // Validus Holdings said it has agreed to acquire specialty insurer Western World Insurance Group for $690 million in a deal that leaves the management team and brand of the specialty insurer intact. Under the deal terms,...
Massachusetts FAIR Plan Mulls Appeal of Commissioner’s Rate Decision
Jun 20 2014 // The Massachusetts Property Insurance Underwriting Association (“FAIR Plan”) said its board of directors will meet next week to decide whether to file an appeal to challenge Insurance Commissioner Joseph G....
Best Affirms Gen Re and Subs Ratings; Outlook Stable
Jun 18 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut,...
How New Capital is Changing P/C Industry and What To Do About It
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital...
Ireland’s Medical Insurer Vhi Extends Buffett Reinsurance Deal by Four Years
Jun 17 2014 // Vhi Healthcare, the Irish state-owned medical insurer, extended a reinsurance accord with Warren Buffett’s Berkshire Hathaway Inc. as it seeks to move risk from its balance sheet and avoid a taxpayer...
Best Affirms Wind River Re/Global Indemnity and Subs Ratings
Jun 16 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
TWIA Financials Improved as Hurricane Season Starts
Jun 16 2014 // Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has...
Best Affirms PartnerRe, Operating Subs Ratings; Outlook Stable
Jun 13 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance Company Ltd. and its affiliates, as...
Global Reinsurer Stocks Face Challenges in 2014: Best Special Report
Jun 11 2014 // A new report from A.M. Best determined that “stocks for publicly traded reinsurance companies, including the four top European players, performed below the overall market for the first quarter of 2014, declining 1.3...
Fitch Upgrades Lloyd’s Ratings to ‘AA-‘; Outlook Stable
Jun 11 2014 // Fitch Ratings announced that it has upgraded Lloyd’s of London’s Insurer Financial Strength (IFS) rating to ‘AA-‘ from ‘A+’, and has also upgraded the Society of Lloyd’s Long-term...
