Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims September 9, 2021 By L.S. Howard Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on...
People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re September 3, 2021 This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan...
Reinsurer SCOR Restructures Group Leadership Team September 3, 2021 SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR...
Horton Becomes QBE’s CEO; SiriusPoint’s Gibbons Named Head of QBE Re Bermuda September 2, 2021 Andrew Horton, the former CEO of Beazley, officially became QBE’s new group CEO on Sept. 1 – an appointment that...
Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued August 18, 2021 Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued,...
Munich Re’s Q2 Profit Rises 91%, While COVID-19 Losses Outpace Expectations August 10, 2021 German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
Munich Re Reports Q2 Profit Increase of 90% July 21, 2021 Munich Re’s net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it...
Africa Specialty Risks Secures $10M of PVT Capacity from Atrium at Lloyd’s July 20, 2021 Africa Specialty Risks (ASR), the pan-African focused reinsurance managing general agent, announced it has secured an additional $10 million in...
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings July 14, 2021 The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer...