Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Lloyd’s CEO Richard Ward Reflects on ‘Nearly 8’ Eventful Years
Oct 6 2013 // Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he...
Insurers Respond to Risk Managers at FERMA Forum – Part 2
Oct 4 2013 // After the risk managers expressed their views on how re/insurance carriers were handling such matters as innovation, new policies and claims handling at the Federation of European Risk Management Associations’...
FERMA Offers Trialogue between Risk Managers, Carriers and Brokers – Part 1
Oct 4 2013 // The insurance industry may have given the world a new word – “trialogue,” meaning a three way conversation. Oddly enough the first person to use it at the Federation of European Risk Management...
Bill Would Take the Florida Cat Fund in the Wrong Direction
Oct 3 2013 // Florida state Sen. Jeremy Ring, D-Margate, has filed Senate Bill 228 to maintain the current statutory requirement that the state-run Florida Hurricane Catastrophe Fund, better known as the Cat Fund, sell $17 billion in...
Improving Meadowbrook Ends Reinsurance Deal with Swiss Re
Oct 3 2013 // Meadowbrook Insurance Group Inc. and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year, Meadowbrook said Wednesday. The insurer said it has bolstered its...
U.K. Regulator Scrutinizes Impact of Capital Influx on Insurers
Oct 3 2013 // British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. “The availability of this additional capital inevitably affects the...
Aspen Re Appoints Lewis to Head London Casualty Unit
Oct 2 2013 // Aspen Reinsurance has appointed Jamie Lewis as head of its casualty reinsurance business in London. Lewis will be responsible for developing Aspen Re’s book of casualty reinsurance treaty and facultative business...
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...
