Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best
Mar 31 2017 // Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are...
Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re
Mar 31 2017 // Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to people familiar with...
Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division
Mar 29 2017 // Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with...
Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources
Mar 28 2017 // Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources...
Swiss Re Names Mitchell as Head of Property & Specialty Reinsurance
Mar 22 2017 // Swiss Re announced that Mike Mitchell, currently head Property Underwriting and Property & Casualty Facultative, Asia, will succeed Edouard Schmid as Swiss Re’s head Property & Specialty Reinsurance,...
European Reinsurance Buying Continues to Increase But Demand for Cover Slows: A.M. Best
Mar 21 2017 // The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best in a new...
Reinsurers Seek Higher Returns Through Customized Business
Mar 20 2017 // Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or...
Greenlight Re Ireland Promotes O’Brien to CEO
Mar 17 2017 // Greenlight Reinsurance Ireland DAC*, the Dublin-based subsidiary of Greenlight Capital Re Ltd., announced the promotion of Patrick O’Brien to chief executive officer. O’Brien joined Greenlight Re Ireland as...
UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber
Mar 13 2017 // Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
Menary Tapped to Succeed Jansen as President, CEO of Grinnell Mutual
Mar 8 2017 // The Grinnell Mutual board of directors has selected Jeff Menary to succeed Larry Jansen as president and chief executive officer of Grinnell Mutual Reinsurance Co. located in Grinnell, Iowa. Menary will replace Jansen upon...
UK’s Pool Re Increases Reinsurance Cover to £2B ($2.5B)
Mar 6 2017 // Pool Re announced it has increased its commercial reinsurance cover to £2 billion ($2.5 billion), compared with the £1.95 billion ($2.4 billion) of cover previously in place. The placement further distances the UK...
Arch Re Launches Gulf Underwriting Entity to Supplement Gulf Re’s Role
Feb 28 2017 // Arch Reinsurance Ltd. has created an entity to handle its underwriting in the Gulf region and eventually replace the role Gulf Re plays in its business there, a few years after it fully acquired the struggling reinsurer...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Border Adjustment Would Sock Florida with Hugely Higher Insurance Rates
Feb 27 2017 // In recent years, Congress repeatedly has considered legislation that would have adversely and profoundly impacted disaster-prone states like Florida. Luckily, we were spared passage, over and over again. Unfortunately, a...
Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting
Feb 27 2017 // Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and...
8K Louisianans Possibly Impacted by Reinsurance Broker’s Data Breach
Feb 22 2017 // The Louisiana Department of Insurance reported that a reinsurance broker contracted by the Louisiana Health Cooperative (LAHC) has experienced a data breach. As a result, former LAHC policyholder Personally Identifiable...
Grinnell Mutual Grows from Complacent to Dynamic
Feb 20 2017 // A mutual insurer created more than 100 years ago to reinsure farm mutual insurance companies in Iowa has grown faster in the past five years than it did during the previous 10 decades, its president and CEO says. Organized...
Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch
Feb 16 2017 // The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main...
