All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 16 2014 // Florida’s Heritage Insurance Holdings Inc. said it has it assumed approximately $59 million in annualized premium from the insolvent Sunshine State Insurance Co. Effective June 27, 2014, the policies were assumed by...
Jul 16 2014 // Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers.S&P adopted a...
Jul 11 2014 // Bermuda-based Banco BTG Pactual S.A. (BTG Pactual) and Global Atlantic Financial Group Limited announced that they have signed an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based...
Jul 10 2014 // Jeff Menary has been appointed executive vice president of line operations at Iowa-based Grinnell Mutual Reinsurance Co.Line operations include direct underwriting/production, direct claims, reinsurance and crop hail....
Jul 10 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and member of Marsh & McLennan Companies, announced the appointment of Roelant de Haas as CEO of the Benelux region, effective as of...
Jul 8 2014 // Dave Wingert was appointed executive vice president of support operations at Iowa-based Grinnell Mutual Reinsurance Co. Support operations include business information services, finance, and human resources/training and...
Jul 8 2014 // Reinsurance prices declined on policies renewed for July 1 amid low losses and as record levels of catastrophe bonds drove an oversupply of capital, according to Guy Carpenter & Co. LLC.There were “price...
Jul 8 2014 // UK-based broker Cooper Gay & Co Ltd. and Newman Martin and Buchan LLP (NMB), have appointed Martin Stephenson as CEO for their combined Reinsurance business, effective immediately.Stephenson was previously managing...
Jul 7 2014 // Amlin plc announced that it has “reached non-binding agreement in principle to increase its existing interest in Leadenhall Capital Partners LLP (LCP),” an investment manager in (re)insurance-linked securities,...
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.”Marc...
Jul 7 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate.Reinsurers face a growing threat from the capital...
Jul 7 2014 // Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance.They are very heavily relied on by both buyers and brokers, yet subject to a great deal...
Jul 2 2014 // The third day of the International Insurance Society’s Annual Seminar was an all-day session devoted entirely to the threat posed by climate change, the studies of its risks and the solutions available to face...
Jul 2 2014 // Bermuda-based Catalina Holdings announced that, following receipt of regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), it has completed its reinsurance transaction with Delta Lloyd under...
Jul 2 2014 // Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday.Reinsurers have been...
Jul 1 2014 // As property insurers lock up their July 1 reinsurance renewals, many are finding a bonus surprise above and beyond the soft pricing environment – the terrorism exclusions that have been standard in reinsurance contracts...
Jun 24 2014 // Peak Reinsurance Co. Limited, the Hong Kong based reinsurer, has appointed Kathleen Koh as senior vice president to underwrite credit and surety business. Koh will be responsible for developing and growing Peak Re’s...
Jun 23 2014 // Validus Holdings said it has agreed to acquire specialty insurer Western World Insurance Group for $690 million in a deal that leaves the management team and brand of the specialty insurer intact.Under the deal terms,...
Jun 20 2014 // The Massachusetts Property Insurance Underwriting Association (“FAIR Plan”) said its board of directors will meet next week to decide whether to file an appeal to challenge Insurance Commissioner Joseph G....
Jun 18 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut,...