Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit February 2, 2023 Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and...
Swiss Re’s CUO Léger Appointed CEO of SCOR, as Rousseau Steps Down January 26, 2023 The SCOR Board of Directors has appointed Swiss Re’s Chief Underwriting Officer Thierry Léger as chief executive officer of SCOR....
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance January 24, 2023 Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly...
Munich Re to Launch Specialty Insurance Division December 16, 2022 Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above December 5, 2022 Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a...
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to ‘A+’ November 21, 2022 S&P Global Ratings announced that the rating agency is lowering the “AA-” financial strength and long-term issuer credit ratings for...
IRB Brasil Re’s CEO Carvalho Resigns; Board Elects Falcao as Successor November 17, 2022 IRB Brasil Resseguros SA said on Thursday that chief executive Raphael de Carvalho had resigned after just over a year...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets October 21, 2022 By Stephan Kahl Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members October 20, 2022 The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee...
AXIS to Stop Insuring Energy, Mining Without Backing of Indigenous Communities October 17, 2022 By Noor Zainab Hussain and Simon Jessop Reinsurer AXIS Capital said it would refuse to underwrite energy, mining and other projects that did not have the backing...