Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo Global Management April 3, 2025 By Alexandre Rajbhandari The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire...
Bank of England May Tighten Up Life Insurers’ Use of Offshore Reinsurance January 12, 2024 The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers...
Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Legacy Acquistion Specialist Monument Re Explores Strategic Options: Sources August 16, 2023 By Amy-Jo Crowley and Pablo Mayo Cerqueiro Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital...
QBE Re Opens Office in Colombia, Hiring Hofmann from Howden June 30, 2021 QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in...
Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance April 8, 2021 Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of...
4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch August 17, 2017 By L.S. Howard The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and...
Bermuda-Based Somerset Re Raises Capitalization to $375 Million October 21, 2016 Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a...
PartnerRe to Buy Canada’s Aurigen Capital, in Life Reinsurance Push October 21, 2016 By Jordyn Holman PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of...
XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C December 3, 2015 By Katherine Chiglinsky XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc....