Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
57th Reinsurance Rendez-vous Kicks Off on Saturday; Excess Capital a Concern
Sep 6 2013 // The 57th Reinsurance Rendez-vous, which begins with registration in Monte Carlo on Saturday, promises to be somewhat less stressful than many previous editions. A mass of warm air, combined with significant amounts of dust...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
Capital Oversupply Could Pressure Reinsurers to Lower Rates
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With...
Best Cites ‘Capital Challenge’ as Reinsurance Capacity Affects Market
Sep 3 2013 // Citing figures from a Swiss Re sigma study, A.M. Best has indicated that “despite a subpar operating climate, global reinsurers have managed to squeeze out relatively reasonable returns on capital and compensate...
Aon’s Impact Forecasting Launches Models for E. Africa Quakes, Mexico Floods
Sep 3 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake model for East Africa and a new flood scenario-based model for Mexico reinsurers. East...
Global Reinsurer Capital Reaches $510 Billion: Aon Benfield Survey
Sep 3 2013 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in the first half of 2013, concludes that “a continuing influx of new funds...
Cooper Gay Re North America Appoints Managing Director in New York
Aug 26 2013 // Cooper Gay Re North America appointed Norman Gayle as managing director. He joins the executive team working from the head office in downtown New York. He and his team will focus on production and strategic planning and...
A Roundup of Maryland’s New Insurance Laws From 2013 Legislative Session
Aug 21 2013 // The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General Assembly’s 2013 session that have been signed into law by Gov. Martin O’Malley....
Insurance Without TRIA
Aug 19 2013 // If Congress fails to renew or makes significant changes to the federal terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce terrorism exposures. Also...
Loeb’s Third Point Re Set for IPO as Einhorn’s Truck Bet Shows Insurers’ Risk
Aug 14 2013 // Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale...
Florida Regulator McCarty Answers CFO Over Reinsurance Costs
Aug 12 2013 // Florida’s insurance regulator, in response to questions why lower reinsurance costs have not translated into reduced homeowners rates, said insurers have significant leeway in how they incorporate those costs into...
Cat Bonds, Sidecars Keeping Reinsurance Rates Low Says Guy Carpenter
Aug 12 2013 // Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of...
Florida CFO: Why Aren’t Florida Property Rates Falling Along with Reinsurance?
Aug 9 2013 // Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial...
