Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Early Cannabis Insurance Claims Experience Differs from Expectations
Jun 17 2019 // It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer. “So far, we’re optimistic that we’re going to see that our...
Climate Change and the Reinsurance Implications
Jun 13 2019 // Climate change presents “high exposure risk” to insurers and their policyholders on many fronts: General liability claims for third-party bodily injury and property damage, directors and officers claims for a...
Reinsurance Broker Guy Carpenter Suspends Two Over Harassing Email
Jun 13 2019 // A Lloyd’s of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about a female colleague. A second employee was suspended for forwarding the message...
AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance
Jun 12 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of Lloyd’s Casualty Reinsurance. In this role, Sweeting will be responsible for managing all...
Risk Strategies Adds Humphreys to National Health Care Practice in Philadelphia
Jun 12 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added Ward Humphreys as senior vice president to the reinsurance team of its National Health Care Practice. His hiring is part...
Dunleavy Named Aspen Re’s CUO, Succeeding Issavi Who Moves to Ryan Specialty
Jun 7 2019 // Emil Issavi, previously Aspen Re’s president and chief underwriting officer and managing director of the Americas is taking on a new role as a senior executive of Ryan Specialty Group (RSG), RSG Underwriting Managers...
Global Reinsurers See Promising Green Shoots in 2019 with ‘Hardening’ Pricing: S&P
Jun 5 2019 // Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this year’s April and...
Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re
May 31 2019 // A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three...
Early Cannabis Insurance Claims Experience Differs from Expectations
May 29 2019 // It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer. “So far, we’re optimistic that we’re going to see that our...
Generali to Sell Life Run-Off Portfolio of UK Branch to Reinsurance Group of America
May 24 2019 // Generali has signed an agreement to sell the life run-off portfolio of its UK Branch to a subsidiary of Reinsurance Group of America Inc., the St. Louis, Mo.-based life and health reinsurance company. The run-off...
Liberty Mutual Reinsurance Launches Operation Using Lloyd’s Mexico Platform
May 23 2019 // Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced it has launched a reinsurance operation under Lloyd’s registration in Mexico to serve clients in Mexico and Central America. The...
Reinsurer SCOR Acquires Fund Manager Specializing in Insurance Linked Securities
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds,...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
May 22 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
MS Amlin Acquires Stake in Specialist Reinsurance MGA Envelop Risk
May 21 2019 // MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk...
Cyber Confusion: What’s Needed to Create a Sustainable Cyber Market
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Aon Makes Leadership Changes in Global Reinsurance Clients Team
May 17 2019 // Aon plc announced organizational changes within its Global Reinsurance Clients team, which supports 25 of the largest global insurers. Part of Aon’s Reinsurance Solutions business, the team was launched in 2014 to...
AM Best Affirms Ratings of Third Point Re While Revising Outlook to Negative
May 17 2019 // AM Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Third Point...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed
May 16 2019 // Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the program isn’t renewed by the end of 2020, ratings firm A.M. Best has...
Markel Int’l Taps Lazarus from Hiscox as Head of North American Property Reinsurance
May 14 2019 // Markel International, the specialist insurer and subsidiary of Markel Corp., has appointed Nick Lazarus as managing director, North American property reinsurance based in London. Leading the existing and established London...
