All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 9 2025 // Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022.Companies...
Jan 8 2025 // Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal’s notice period at Lloyd’s of London...
Jan 7 2025 // Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could...
Jan 2 2025 // Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd.Arma is a leading specialty reinsurance MGA based...
Dec 30 2024 // California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in...
Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...
Dec 27 2024 // South Carolina regulators have ordered Atlantic Coast Life Insurance and its captive reinsurer, Southern Atlantic Re, to stop writing new policies by Tuesday, Dec. 31.The carriers also were ordered to notify all producers...
Dec 17 2024 // AXIS Capital Holdings Ltd. and Enstar Group Ltd. announced they have entered into a loss portfolio transfer (LPT) reinsurance agreement, which will retrocede $2.3 billion of AXIS’s reinsurance reserves.Structured as...
Dec 17 2024 // The Texas Windstorm Insurance Association expects to spend more on reinsurance in 2025 to account for projected policy count and exposure growth and losses to the association’s catastrophe reserve trust fund (CRTF)...
Dec 13 2024 // American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on AIG’s...
Dec 11 2024 // Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years.Further to that, MS Reinsurance recently became a...
Dec 5 2024 // Aon Names O’Connell as Global Cyber Strategy and Growth LeaderAon plc named Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business....
Dec 3 2024 // WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital.WTW will hold a minority share in the new company, said WTW in an announcement outlining its...
Nov 27 2024 // This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re.A summary of these new hires follows here. Coalition Taps Munich Re’s Foster as Head of London MarketsCoalition,...
Nov 26 2024 // Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval...
Nov 25 2024 // Gloria Hendrickson Delos Insurance Solutions named Gloria Hendrickson as its new head of reinsurance. Hendrickson has a catastrophe modeling and risk background and was most recently chief operating officer and chief...
Nov 19 2024 // Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the...
Nov 18 2024 // AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year high that was driven mainly by favorable investment income and strong underwriting performance....
Nov 12 2024 // This edition of International People Moves details appointments at the Everest Reinsurance and the broker Miller.A summary of these new hires follows here. Everest Reinsurance, the reinsurance division of Bermuda-based...
Nov 6 2024 // American International Group CEO Peter Zaffino said he expects the reinsurance market’s attachment points to remain on top of losses generated by the frequency and severity of natural catastrophes.Losses will instead...