Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule
Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the...
2015 Expected To Remain Challenging For Reinsurance: Best Special Report
Apr 21 2015 // A.M. Best has released a new equity report focusing on the stock performance of global reinsurance companies. The report covers fourth quarter and full-year 2014 and “shows mixed results.” Best said: “For...
Guy Carpenter Launches Public Sector Specialty Practice
Apr 20 2015 // Guy Carpenter has announced the launch of its Public Sector Specialty Practice, utilizing a global team focused exclusively on the unique risk management needs of governmental agencies and entities. “Approximately 73...
Best Opens Singapore Office to Expand in Asia-Pacific Region
Apr 20 2015 // A.M. Best announced the establishment of a new office in Singapore as part of its continuing growth in the Asia Pacific Region, as the economies of the countries located there continue to expand. Best said the office would...
The Story Behind Southport Lane’s Collapse
Apr 20 2015 // An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being...
TigerRisk Partners Appoints Ursano President
Apr 17 2015 // TigerRisk Partners LLC, the reinsurance broking and risk/capital management firm, announced that it has appointed Tony Ursano, a veteran investment banker and reinsurance expert, as its President. He will help “grow...
EXOR Shuns Hedge Fund Strategy With $6.4 Billion Buyout Plan of PartnerRe
Apr 17 2015 // The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR is shunning the...
Validus Reaseguros Promotes Salamanca in Miami Office
Apr 16 2015 // Validus Reaseguros, Inc. (VRI), a part of Validus Reinsurance, Ltd. focused on the Latin American and Caribbean markets, has promoted Alejandro Salamanca in its Miami office. Salamanca, currently an underwriter in the...
Tokio Millennium Re AG Receives Authorization to Operate UK branch
Apr 15 2015 // Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that it has received authorization from the UK Prudential Regulation Authority...
Update: Italy’s EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal
Apr 14 2015 // Italy’s billionaire Agnelli family, with a $6.4 billion unsolicited bid for PartnerRe Ltd., is seeking to thwart its target’s planned merger with AXIS Capital Holdings Ltd. EXOR SpA, the Turin-based investment...
Best: Indonesia Insurers’ Reinsurance Buying Habits Could Affect Capital Ratios
Apr 10 2015 // The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M....
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
Bermuda Re/Insurers Post Strong 2014 Global Underwriting Results: ABIR
Apr 6 2015 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2014 global underwriting results for its member (re)insurers, with 19 of 21 member (re)insurers participating in the survey. The ABIR said:...
Willis Appoints Scope as Chairman of its Bermuda Operations
Apr 2 2015 // Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range...
BlackRock, ACE Raise $800 Million to Form Bermuda Reinsurer
Apr 2 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range. ABR Reinsurance Capital Holdings Ltd....
Willis Re 1st View Report: Cycle Strained; ILS Funds Not Immune
Apr 1 2015 // “The urgent – and ever increasing – need for change across the reinsurance industry as it forms a new paradigm” is the subject discussed in Willis Re’s latest “1st View” renewals...
Aon Benfield Aggregate Study Confirms Reinsurer Capital Builds to $575 Bn
Mar 31 2015 // In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of 31 major reinsurers in 2014, Aon Benfield confirmed earlier estimâtes that global reinsurer capital rose by 6...
W.R. Berkley Combines U.S. Broker Reinsurance Units
Mar 30 2015 // W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM)...
Cooper Gay Swett & Crawford Names Soares CEO for Latin America
Mar 30 2015 // Cooper Gay Swett & Crawford (CGSC) announced the appointment of Ulisses Soares as Chief Executive Officer for the Latin America region, effective immediately. He “will lead all of CGSC’s business in Latin...
Florida Cat Fund Cleared to Buy $2.2B of Reinsurance
Mar 27 2015 // In what counts as excellent news both for Florida taxpayers and the private insurance market, Gov. Rick Scott and the State Board of Administration have approved a request from the Florida Hurricane Catastrophe Fund to...
