Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
AM Best Assigns ‘A-‘ Rating to Newly Formed Conduit Reinsurance Ltd. December 9, 2020 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Update: Bermuda-Based Reinsurer Conduit Holdings’ Stock Rises After $1.1B London IPO December 2, 2020 By Swetha Gopinath Conduit Holdings Ltd. rose as the Bermuda-based reinsurer started trading in London after an 826 million-pound ($1.1 billion) initial public...
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger November 25, 2020 Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the...
Reinsurers’ Investment Strategies Offer Buffer for Low Interest Rates, Pandemic: S&P October 30, 2020 By L.S. Howard A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap September 29, 2020 By L.S. Howard Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for...
Envelop Risk Paves the Way as Insurtech Reinsurance MGA September 29, 2020 By L.S. Howard Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart September 29, 2020 By L.S. Howard Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on...
Finding Niches: Reinsurance MGAs Carving Out Special Market Slices September 29, 2020 By L.S. Howard Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs...