Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
CTC Insurance Management Names Wood as New COO
Jun 9 2014 // CTC Insurance Management (Bermuda) Ltd, a subsidiary of Charles Taylor plc, has announced that William Wood has joined the company as Chief Operating Officer. He will oversee the delivery of management and consulting...
Texas Windstorm Insurer’s Financial Outlook Improved as Hurricane Season Starts
Jun 3 2014 // Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has...
Falling Reinsurance Rates by Cat Bond Competition Eroding Primary Prices: Zurich
May 29 2014 // A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost of reinsurance is...
Africa Can Tap Global Reinsurance Markets; Why Not Florida?
May 23 2014 // In what can only be taken as an exceedingly encouraging sign for emerging markets around the world, an African Union-created agency has established the continent’s first-ever catastrophe insurance pool, offering...
Global Re/Insurance CEO’s Sign on to Geneva Association’s Climate Risk Statement
May 21 2014 // Sixty-six chief executives of the world’s largest re/insurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement―a set of guiding principles on the substantial role insurance...
S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change
May 20 2014 // A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number...
OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group
May 19 2014 // May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO...
There’s Devils in Big Data, but Help is Available from Inhance
May 12 2014 // Computer technology has revolutionized the collection and use of massive amounts of data, and yet, somewhat ironically, it’s frequently harder to find what one actually needs. Aphorisms abound – “big...
Strong Euro Decreases Munich Re’s Q1 Net Profit, Premium Income
May 8 2014 // The world’s largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income. “Despite negative currency effects, we almost...
Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown
May 7 2014 // Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment...
Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits
May 7 2014 // Swiss Re and Hannover Re, the world’s no. 2 and 3 reinsurers, said they saw lower prices in natural disaster reinsurance and April renewals, as they beat profit expectations in the first quarter. Fewer serious...
‘Inhance’ Launched to Plug Re/Insurers’ Cat Loss Information Gaps
May 7 2014 // Lloyd’s Old Library was the setting yesterday for the launch of inhance, a new product designed to close gaps in existing models that continue to expose re/insurers – and companies – to unexpected catastrophe...
Berkshire Hathaway 1Q P/C Re/Insurance Results Down from Last Year
May 5 2014 // Berkshire-Hathaway’s primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent drop in operating...
Iowa Commissioner Gerhart: Something for Everybody at the Global Insurance Symposium
May 5 2014 // The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
XL Group to Sell Life Re Sub for $570 Million; Best Sees No Rating Change
May 2 2014 // XL Group plc announced that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in...
Munich Re’s First Quarter Net Profit Drops by 7%
May 1 2014 // Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world’s largest...
Are Bermuda’s Re/Insurers ‘Victims of Their Own Success?’ S&P Report
Apr 30 2014 // Bermuda’s re/insurers “reaped strong earnings in 2013 despite increasing competition, persistently low investment yields, and a tepid economic recovery in the U.S. and Europe,” according to a Standard...
ACE Group Appoints Wixtead to Head Tempest Re; O’Donnell for Tempest Re USA
Apr 29 2014 // The ACE Group has appointed James Wixtead as Sr. VP, ACE Group, and President of ACE Tempest Re Group, the company’s global reinsurance business. He currently serves as Division President of ACE Tempest Re USA....
Florida’s Citizens Readies $1.5 Billion Catastrophe Bond Deal
Apr 28 2014 // Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record. The...
W.R. Berkley Posts Q1 Gains But Cites ‘Painfully Competitive’ Reinsurance
Apr 28 2014 // For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net...
