Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
A Closer Look at Berkshire Hathaway’s Insurance Operations
Mar 4 2015 // Carrier Management Special Report Warren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance;...
Vanbridge to Acquire Alan Gray in Boston
Mar 4 2015 // Vanbridge LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York, announced that it has agreed to acquire Alan Gray Inc., an audit, actuarial, underwriting,...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report
Feb 27 2015 // The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted that the deal will significantly boost Fairfax’s underwriting...
AXA to Acquire 7% of Africa Re to Increase Pan-African Exposure
Feb 23 2015 // AXA has entered into an agreement to acquire a 7.15 percent stake in African Reinsurance Corporation, the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at...
Global Reinsurance M&A – A Strategy or an Ultimatum? Best’s Briefing
Feb 20 2015 // A.M. Best has released a briefing exploring the recent wave of merger and acquisition (M&A) activity in the global reinsurance industry and how it reflects on reinsurance companies’ “desire for scale to...
Report Challenges Eliminating Deductibility of Foreign Reinsurance Premiums
Feb 19 2015 // A report from the Tax Foundation challenges recent tax proposals including the White House’s 2015 budget that call for provisions to limit deductions of “legitimate business costs for tax purposes.” The...
Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit
Feb 19 2015 // Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks to return cash to investors after three years of paying a special dividend. The...
Reinsurers’ Shopping Spree Won’t Slow Down Falling Rates – S&P Report
Feb 18 2015 // In a recent report Standard & Poor’s Ratings Services said it anticipated further mergers and acquisitions in the global reinsurance industry. The report – “Reinsurers’ Shopping Spree...
A.M. Best: European (Re)Insurers Face Pressure Points; Ratings Are Stable
Feb 18 2015 // The recent unveiling by the European Central Bank (ECB) of its large-scale sovereign bond buying program is just one of the pressure points building in Europe that could affect insurers and reinsurers’ balance...
Best Sees Minimal Rating Impact from Tax Changes on Reinsurance
Feb 13 2015 // A.M. Best has weighed into the ongoing debate over whether or not the ability of “foreign” reinsurers to avoid significant amounts of U.S. taxes by transferring reinsurance premiums paid to foreign affiliates...
Guy Carpenter Explains ‘Collateralized Reinsurance’ Transactions
Feb 12 2015 // Guy Carpenter has provided an answer to a rarely asked question, but one which increasingly affects insurers and reinsurers: namely, what’s involved in a collateralized reinsurance transaction? Guy Carp explained...
Loeb’s Third Point Reinsurance Ltd. Shuns Acquisitions in U.S., Europe
Feb 12 2015 // Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S. or Europe could clash with its business model. “One of our strengths is we can...
Arch Reports Q4 Net Income of $209.7 Million; $812.4 Million for 2014
Feb 11 2015 // Arch Capital Group Ltd., a Bermuda-based insurance and reinsurance company, reports that net income available to Arch common shareholders for the 2014 fourth quarter was $209.7 million, or $1.60 per share, compared to...
Aspen Reports Q4 After-Tax Net Income of $67.2 Million
Feb 6 2015 // Bermuda-headquartered Aspen Insurance Holdings Limited reported net income after tax of $67.2 million, or $0.90 diluted net income per share, for the fourth quarter of 2014. This compares to net income after tax of $90.0...
A.M. Best: Europe’s Largest Cedants Alter Reinsurance Purchasing Practices
Feb 6 2015 // Europe’s 20 largest cedants are benefiting from lower reinsurance rates and stronger bargaining power, resulting from a trend that saw increasing centralized reinsurance purchasing at a group level. A new report from...
Munich Re Raises Dividend Even After 4th Quarter Profit Declines 42%
Feb 5 2015 // Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments and goodwill impairments. Net income fell to about 700 million euros ($794...
Hannover Re: Capital Markets Are ‘More Friend Than Foe’ to Reinsurers
Feb 4 2015 // Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage. The growth of...
Bermuda States It Will Fight to Remain Top Domicile for ILS
Jan 28 2015 // The Bermuda Stock Exchange (BSX) has issued a lengthy defense of its primary position as the “domicile of choice” for insurance linked securities (ILS); pointing out that 57 percent of such securities issued in...
AXIS Says Debt-Free Merger With PartnerRe Paves Way for More Deals
Jan 27 2015 // The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new...
Size Matters in Bermuda as Reinsurance Deals Heat Up: Real M&A
Jan 27 2015 // Insurance deal making is heating up as companies embrace a bigger-is-better philosophy. AXIS Capital Holdings Ltd.’s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of $11 billion,...
