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...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re October 13, 2022 Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B...
MS Amlin AG to Rebrand as ‘MS Reinsurance’ September 12, 2022 MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s...
AXIS Capital Launches Wholesale Division September 8, 2022 AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale...
Brazilian Reinsurer IRB Raises $228.9M in Share Offering September 2, 2022 Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a...
IRB Brasil Re Weighs New Share Offering After Warnings About Capital Adequacy August 16, 2022 IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...