Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
What’s Ahead for Reinsurance Industry in 2018: Fitch
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jun 26 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
Chilton to Return to Capsicum Re Later This Year After Leaving Gallagher Role
Jun 21 2018 // Capsicum Re, the London-based specialist reinsurance broker, announced that Grahame “Chily” Chilton will rejoin the business later this year. Chilton will work alongside CEO Rupert Swallow to drive global...
People
Jun 18 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Gary Ivey as Southeast regional CEO. In this role, Ivey will oversee MMA offices in Georgia, Alabama, Tennessee, Kentucky...
Russian Industrial Plants Turn to State Reinsurer to Take More Risk after U.S. Sanctions
Jun 15 2018 // Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told...
FEMA Looking to Expand Disaster Reinsurance Program
Jun 13 2018 // The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the private sector and buying reinsurance. The Federal Emergency Management Agency, which started...
New York’s AmTrust Appoints Hickey as Group Chief Underwriting Officer
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer. Hickey is based at AmTrust’s New York City...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
Goldman Sachs Insurance Head Kumar Joins Guy Carpenter’s GC Securities
Jun 4 2018 // Reinsurance intermediary Guy Carpenter & Co. said it has hired Shiv Kumar as president and global leader of GC Securities, Capital Markets. Kumar was previously global head of Insurance Structured Finance at Goldman,...
Stroock Hires Chung as a Partner in Its New York Office
Jun 4 2018 // Stroock has hired Huhnsik Chung as a partner in the firm’s insurance and reinsurance practice within its New York office. He arrives to the firm from Baker McKenzie, where he chaired the North America Insurance...
Caribbean Insurers Well-Capitalized Despite 2017 Hurricane Losses: A.M. Best
Jun 1 2018 // An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed these insurers to...
AXIS Re Reports Organizational Changes, Market Expansion Plans
May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities. AXIS Re will now organize around four...
Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors
May 28 2018 // Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its pursuit of a stake in the world’s second-largest reinsurer. The collapsed talks mark the end...
Bizet to Join JLT Re Property Treaty Team in Miami
May 25 2018 // JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on...
Cyber Reinsurance Underwriting Group Formed for London Market
May 24 2018 // The International Underwriting Association of London (IUA), representing carriers operating in or through London, has formed a group on cyber underwriting specifically for reinsurers. The organization said the move follows...
How Data Privacy Laws Could Hamper Insurance Underwriting
May 24 2018 // Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best...
Aon’s Carver Joins Guy Carpenter’s UK Non-Marine Team as Managing Director
May 23 2018 // Reinsurance broker Guy Carpenter & Co. announced the appointment of Richard Carver as managing director and senior broker in the firm’s UK non-marine division. Carver has 30 years of experience in the reinsurance...
How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
May 14 2018 // Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional...
Munich Re Repurposes Bermuda Operation
May 14 2018 // Munch Reinsurance Co. has repurposed a Bermuda unit that was authorized for property/casualty business into a reinsurer for its U.S. life reinsurance business. The unit, Munich Re Bermuda, was formerly named Princeton...
Blockchain Innovators Follow Reinsurers to Bermuda ‘Sandbox’
May 7 2018 // It was the last day of the World Economic Forum in Davos and Wayne Caines, Bermuda’s minister of national security, was about to head home after an exhausting week. But before leaving, he told a group of blockchain...
