Ed Hochberg News

Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments

Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of Jardine Lloyd Thompson Group plc. …

Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re

JLT Re’s global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry’s hopes of higher reinsurance premiums after a second straight year of big losses. Reinsurance prices, chiefly set in …

Hurricane Florence Has Cat Bond Investors’ Attention

Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence that may force them to hand over cash. If the storm’s path of destruction — which is aimed at Georgia and the Carolinas — causes enough damage in …

Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re

The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re. Further, Hurricanes Harvey, Irma and Maria (HIM), the Mexico earthquakes and wildfires in California created …

Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report

Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by 5.1 percent this year. This …

JLT Re Acquires StoneHill Reinsurance Partners

JLT Re said it has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability. StoneHill, which is based in Minneapolis, will form part of JLT Re (North America). Terms of the deal were not disclosed. StoneHill was …

Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs

Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked well to compensate for low investment yields and soft market prices. But have carriers gone …

Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous

It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de Septembre in Monaco that they …

Hochberg Named CEO of JLT Re in North America

Reinsurance broker JLT Re has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg is currently global head of Analytics, Banking and Advisory at JLT Re, having joined as part of the 2013 Towers Watson Re acquisition. …