Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All
Sep 29 2013 // James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both...
Industry Pioneer Catlin on Insurance and Environmental Concerns
Sep 27 2013 // Stephen J.O. Catlin has led the company/group that bears his name since 1984. He’s seen it grow into the biggest syndicate at Lloyd’s with gross premiums written of $5.5 billion. He was the first to move the...
Profits Steady, GWP Up, But Investments Still Low: Lloyd’s CFO Luke Savage
Sep 27 2013 // Lloyd’s first six months results, released yesterday, were generally good. Profits were down slightly at £1.38 billion [[$2.222 billion] from £1.53 billion [$2.463 billion] for the first half of 2012, while gross...
Cooper Gay Swett & Crawford’s CEO Toby Esser on its Global Business
Sep 26 2013 // Toby Esser is a truly global executive. As the CEO of Cooper Gay Swett & Crawford (CGSC), he coordinates the broker’s far flung operations in the UK, Europe, Asia and South America, as well as North America,...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
ANV’s CEO Matt Fairfield Tells What it’s Like to Run a Global Insurer
Sep 23 2013 // R. Matthew “Matt” Fairfield, the Founder and CEO of ANV, is the epitome of a global insurance executive. He lives in Spain, runs a company based in the Netherlands, which in turn runs a Lloyd’s syndicate...
PCS Shows How Cat Loss Estimates are Made, and Why They’re Important
Sep 20 2013 // The Property Claims Services (PCS) unit of Verisk Insurance Solutions could be described as the ultimate end product of risk modeling. AIR Worldwide is also part of Verisk, but “there’s a high wall between the...
JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S.
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million. JLT said the acquisition would provide “a very strong...
Markel Global Reinsurance Announces 2 Executive Appointments
Sep 18 2013 // Glen Allen, Va.-based Markel Corporation recently announced that its Markel Global Reinsurance division has appointed Greg Richardson as acting head of its retro property reinsurance unit. Additionally, Markel Global...
Private Market Will Dry Up If Federal Terrorism Insurance Not Renewed: Aon
Sep 18 2013 // Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its “market intelligence” in...
Video Interviews – Coming to Your Screen – a Sneak Preview
Sep 16 2013 // Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air the views from some...
AIG Not Renewing Reinsurance with Rival Berkshire: Source
Sep 11 2013 // American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett’s company started a commercial insurer competing against AIG, according to a...
Alternative Capital Dominates Discussions at Reinsurance Rendez-vous
Sep 11 2013 // The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note...
Critics Say Taxpayers’ $14B Guarantees Profit for Crop Insurers
Sep 11 2013 // Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer. Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to...
New Capital Means Big Disaster Won’t Boost Reinsurance Rates: Lloyd’s CEO
Sep 10 2013 // Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London. “What is...
Hannover Re Agrees: No Change in Most Reinsurance Rates in 2014 Renewals
Sep 10 2013 // Hannover Re, the world’s third- largest reinsurer, said it expects reinsurance rates at price negotiations for January renewals to remain little changed. Pricing will be “rather stable,” Chief Executive...
New Capital in Reinsurance Industry Could Reach $100B in 5 Years: Aon
Sep 9 2013 // The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. Companies such as Munich...
Swiss Re ‘Not Alarmed’ by New Capital
Sep 9 2013 // Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by 2020 in high-growth markets. The Swiss reinsurer, which helps insurers shoulder risks...
Munich Re Sees Stable Reinsurance Rates in January Renewals
Sep 9 2013 // Munich Re, the world’s biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations. “Prices will remain largely stable, chiefly due to the still...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the...
