Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking September 12, 2016 Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon September 12, 2016 Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering...
London’s BMS Re Acquires Texas Reinsurance Broker September 9, 2016 London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations....
China Opens Link for Insurers to Invest in Hong Kong Stocks September 9, 2016 China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed...
Greenlight Re Expanding into Europe, Asia with New Partnership September 9, 2016 By Sonali Basak Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached...
Catastrophe Bond Issuance Down But Returns Up: Aon September 9, 2016 By Sonali Basak Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500...
Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires September 8, 2016 By Tom Westbrook Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to...
Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry September 8, 2016 Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of...
Lloyd’s Wins Right to Keep Oklahoma Quake Damage Lawsuit in New York September 8, 2016 By Robert Burnson Lloyd’s of London has kept its lawsuit against New Dominion LLC over fracking out of the state where the ground...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best September 8, 2016 Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from...