Reinsurance News

Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams

TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will report to Alex Bridges, partner and head …

2019 Natural Hazard Report Highlights Long Tail of Financial Recovery

This post is part of a series sponsored by CoreLogic. Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and homeowners. Knowing exactly what the …

Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?

Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those transformations to occur is …

Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source

Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015. The reinsurer may announce such a plan …

Carpenter’s Global Property Catastrophe Index Rises by 5% in January Renewals

Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January reinsurance renewal report. As a result, pricing …

Guy Carpenter Appoints Schepens from Allianz as Benelux CEO

Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Schepens will be responsible for all of Guy Carpenter’s activities in …

Reinsurers Maintain Upward Pricing Momentum—But Will It Last?

Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The question is whether they will be disappointed, once again. Over …

Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best

Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three consecutive years of severe losses, dwindling favorable reserve development …

Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team

Fidelis Insurance announce that Matthew Bellamy will join Fidelis Underwriting Ltd.’s (FUL) London underwriting team to continue to build its reinsurance business. Bellamy has over 13 years of experience where he was most recently the head of Property Treaty and …

Reinsurers Look at Cyber’s Massive Growth Possibilities—With Caution

Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as cyber. Cyber is actually …