Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire April 29, 2022 By L.S. Howard AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth April 19, 2022 Swiss Re has secured US$1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results April 18, 2022 Paris-based reinsurer SCOR said the company expects a first-quarter 2022 charge in the high double-digit million euros range for potential...
Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity April 14, 2022 Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser Institutional...
SCOR Reports 19% Premium Growth in January Renewals, Average Price Hikes of 4.9% February 8, 2022 SCOR reported 19.0% premium growth during the January property/casualty (P/C) reinsurance renewals and an overall average P/C price increase of...
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer January 7, 2022 Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition,...
Convex Gets NAIC Approval to Operate as Reciprocal Jurisdiction Reinsurer in U.S. November 30, 2021 Convex Group Ltd. announced that Convex Insurance UK Ltd. (CIL) and Convex Reinsurance Ltd. (CRL) have received approval from the...
Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai November 15, 2021 DUBAI — The General Reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc has set up a Middle East office in...
Arch Rebrands Watford Re as Somers Re, as It Ushers in New Reinsurance Strategy November 4, 2021 Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and...
EXOR Agrees to Sell PartnerRe to Covéa for $9B, Reviving Last Year’s Collapsed Deal October 29, 2021 By Daniele Lepido The Agnelli family’s EXOR NV agreed to sell its PartnerRe reinsurance unit to France’s Covéa for $9 billion, reviving a...