Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Global Reinsurance Rates, Demand to Continue Rising in 2022
Sep 7 2021 // Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase may slow, ratings analysts said on Tuesday. Reinsurance rates have been rising in the past few...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals
Sep 6 2021 // Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest...
Reinsurer SCOR Restructures Group Leadership Team
Sep 3 2021 // SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR said all the changes were made with internal promotions. The following group...
Munich Re Moves Ahead of Swiss Re as Reinsurer With Most GPW: AM Best
Sep 2 2021 // Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re held the top spot...
Beazley Out as Reinsurer MS Amlin’s CEO; Successor CEO Selected But Not Named
Sep 1 2021 // Global reinsurer MS Amlin AG announced that Christopher Beazley has stepped down as chief executive officer. According to the announcement, Beazley will “pursue opportunities outside of MS Amlin” after serving...
Ascot Realigns Global Reinsurance With Launch of Ascot Re
Aug 31 2021 // HAMILTON, BERMUDA — Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded risk and providing a single point of entry for all Ascot’s reinsurance products...
South Africa’s State Insurer to Raise Premiums to Cover Riot-Related Reinsurance Costs
Aug 25 2021 // JOHANNESBURG – South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum
Aug 24 2021 // Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s
Aug 19 2021 // The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a result of lower...
AM Best: Outlooks Negative for Wisconsin Reinsurance Group Members
Aug 17 2021 // AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of Madison-based Wisconsin Reinsurance Corp....
Brookfield Reinsurance Unit to Buy American National for $5.1 Billion
Aug 9 2021 // Brookfield Asset Management Inc.’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by William Lewis...
Africa Specialty Risks Launches Reinsurer in Bermuda
Aug 6 2021 // Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group will offer a full suite of products from its Bermudan reinsurer, including...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals
Aug 6 2021 // Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events against cancellation risk due to the COVID-19 pandemic, after intense industry...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges
Jul 30 2021 // The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results...
People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to CEO of Berkley Re Australia, Succeeding Piper
Jul 26 2021 // This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of these new hires follows here. Howden Reinsurance, part of international...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon
Jul 21 2021 // Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged property experience,...
People Moves: Miller’s Higgins Joins New Broker Inver Re; Hartford Hires AXA XL’s Brodzinski for Global Specialty; Bayman to MS Amlin for Aviation Reinsurance
Jul 20 2021 // This edition of International People Moves covers appointments at a new reinsurance broker, Ardonagh’s Inver Re; The Hartford’s Global Specialty business unit, and the aviation reinsurance division of MS Amlin...
Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re
Jul 19 2021 // Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said this month, as ransomware attacks increase in number and severity. A ransomware attack on Colonial...
Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch
Jul 13 2021 // Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to $400 million due to payouts for ticket and hospitality refunds, Fitch Ratings says. However,...
