Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT March 25, 2016 By L.S. Howard The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of...
PartnerRe Appoints EXOR’s Elkann as Chairman; Clarke Named CEO March 24, 2016 By Sonali Basak EXOR SpA Chief Executive Officer John Elkann was named chairman of PartnerRe, the reinsurer that his investing firm acquired for...
Strong Reinsurer Results Hide Difficult Business Conditions: S&P, Fitch Reports March 24, 2016 By L.S. Howard Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level...
P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions March 23, 2016 By Jonathan Saul and Osamu Tsukimori Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact...
Update: Hannover Re Weighs Higher Dividend After Record 2015 Earnings March 10, 2016 By Jonathan Gould German reinsurer Hannover Re will focus on boosting earnings rather than premiums this year and may pay out more special...
Capital Adequacy Is Key Strength of Reinsurers in Difficult Market: S&P February 22, 2016 By L.S. Howard Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be...
Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO February 18, 2016 By Oliver Suess Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according...
UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April February 4, 2016 Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood...
Munich Re Reports Q4 Profit Remains Level at 700M Euros; Dividend Hike Ahead February 4, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, plans to increase its dividend more than expected after fourth-quarter profit remained unchanged from...
Vaidyan Appointed to Lead GIC Re as India’s 1st Insurer Chairwoman January 25, 2016 Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national...