S&P Affirms Munich Re’s ‘AA-‘ Ratings, Reflecting Sufficient Capital for COVID-19 Crisis May 29, 2020 S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries,...
PartnerRe Taps Meyenhofer as CEO Specialty Lines, Haft as CEO Global Cat May 27, 2020 PartnerRe announced that the company will change responsibilities in its executive leadership for Specialty Lines and will create the new...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit May 20, 2020 By L.S. Howard Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment...
Exor Plays Hardball with French Insurer Covéa as PartnerRe Deal Collapses: Opinion May 14, 2020 By Chris Hughes, Bloomberg Opinion Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused...
French Mutual Covéa Scraps $9 Billion Purchase of PartnerRe from Exor May 12, 2020 French insurer Covéa has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor,...
SCOR Global P&C Sees Price Increases of 6.6% During April Renewals April 23, 2020 During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting...
Greenlight Re Decides Against Sale After Completing Strategic Review April 3, 2020 Greenlight Capital Re, Ltd., the Cayman Islands-headquartered reinsurer, announced it has decided to continue with its existing business plan after...
Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source January 23, 2020 By Stephan Kahl Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a...
Liberty Mutual Re Opens Office in Singapore, Appoints Leong from Aspen Re January 14, 2020 Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, announced it has opened an office in Singapore and...
Munich Re Reports 36% Rise in Q2 Net Profit on Lower Claims from Major Losses August 7, 2019 German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low...