Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Aon Benfield Appoints Pardo as Peru CEO
Apr 28 2014 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Luis José Pardo, a leader with 25 years of experience in the insurance and reinsurance markets, as CEO of its...
Florida’s Heritage Insurance Hopes to Raise $100 Million in IPO
Apr 25 2014 // A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new...
XL Group Opens Reinsurance Operations in Middle East; Adds Staff
Apr 25 2014 // XL Group’s reinsurance segment announced the establishment of new operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business. XL named Mohamad Alali as Senior Executive Officer and...
Mexico, Nicaragua Earthquakes Unlikely to Impact Insurance Industry: Fitch Ratings
Apr 25 2014 // Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these...
Aspen Reports $120.4 Million Q1 2014 Net Income
Apr 24 2014 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014. Operating highlights for the quarter ended March...
Echo Re to Write Treaty Reinsurance in Latin America with Madroñero’s EGRM
Apr 23 2014 // Zurich-based Echo Reinsurance Ltd., wholly owned subsidiary of German mutual insurance group DEVK, announced that it will target writing treaty reinsurance from Latin America in order to further enhance and diversify its...
Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
Bermuda Re/Insurers Post Strong Results on Favorable Cat Loss Experience
Apr 21 2014 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2013 global underwriting results for its member (re)insurers. 18 of its 21 member (re)insurers participated in the 2013 report. The companies write...
Global Reinsurer Capital at All-Time High of $540B: Aon Benfield
Apr 21 2014 // The latest edition of the Aon Benfield Aggregate (ABA) report estimates that global reinsurer capital totaled $540 billion as of Dec. 31, 2013, an increase of 7 percent ($35 billion) over the year, with net income up 16...
Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium
Apr 17 2014 // The state of Iowa on May 20-22, 2014, 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...
UPDATE: So. Korean Divers Search for Ferry Survivors; Re/Insurers Identified
Apr 17 2014 // South Korean President Park Geun Hye arrived at the site where a ferry sank yesterday, as divers battled high waves and strong winds in their search for 287 people still missing, including hundreds of students. Over 100...
Best Upgrades Ratings for Most ACE Limited Subsidiaries; Outlooks Stable
Apr 15 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North...
Will Ratings Concerns Hinder Reinsurer M&A, Hedge Fund ‘Play’? -Litmus Analysis
Apr 15 2014 // In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our...
XL’s CEO McGavick Says He’s Open to Deals for Life Reinsurance Unit
Apr 15 2014 // XL Group Plc Chief Executive Officer Michael McGavick said he’s open to proposals for the company’s life reinsurance business as investment firms expand their pursuit of deals for such assets. “There has...
Secure Settlements Launches Mortgage Settlement Insurance
Apr 11 2014 // Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that...
Global Reinsurer Capital at All-Time High of $540 Billion: Aon Benfield
Apr 11 2014 // The latest edition of the Aon Benfield Aggregate (ABA) report estimates that global reinsurer capital totaled $540 billion as of December 31, 2013, an increase of 7 percent ($35 billion) over the year, with net income up...
Chile Quake, Tsunami Losses Unlikely to Affect Local Insurers’ Ratings: Fitch
Apr 11 2014 // A bulletin from Fitch Ratings indicates that, based on preliminary analysis, Chile’s insurance industry solvency “will not be affected by the recent Iquique earthquake and tsunami. Chilean property/casualty...
Axa Eyes Sale of U.S. Reinsurer
Apr 10 2014 // Axa SA is exploring the sale of a U.S. subsidiary that shoulders risks tied to variable annuities, as Europe’s second-largest insurer narrows its focus in North America, according to people familiar with the...
Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions
Apr 9 2014 // Hannover Re, the world’s third- biggest reinsurer, has sufficient capital to offer investors a steady dividend and pursue potential purchases, Chief Executive Officer Ulrich Wallin said. “We have increased our...
Ng Joins Miller’s Treaty Reinsurance Team in Hong Kong
Apr 7 2014 // Joe Ng has joined Miller Insurance Services in Hong Kong in a treaty reinsurance business production role. Joe NgMiller Insurance Services Before joining Miller, Joe Ng spent 43 years at China Taiping Group in various...
