All the headlines from our Reinsurance Topic Page, ordered by recency.
May 5 2014 // The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
May 2 2014 // XL Group plc announced that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in...
May 1 2014 // Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world’s largest reinsurer.The...
Apr 30 2014 // Bermuda’s re/insurers “reaped strong earnings in 2013 despite increasing competition, persistently low investment yields, and a tepid economic recovery in the U.S. and Europe,” according to a Standard...
Apr 29 2014 // The ACE Group has appointed James Wixtead as Sr. VP, ACE Group, and President of ACE Tempest Re Group, the company’s global reinsurance business. He currently serves as Division President of ACE Tempest Re USA....
Apr 28 2014 // Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record.The...
Apr 28 2014 // For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net...
Apr 28 2014 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Luis José Pardo, a leader with 25 years of experience in the insurance and reinsurance markets, as CEO of its...
Apr 25 2014 // A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new...
Apr 25 2014 // XL Group’s reinsurance segment announced the establishment of new operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business.XL named Mohamad Alali as Senior Executive Officer and...
Apr 25 2014 // Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these...
Apr 24 2014 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014.Operating highlights for the quarter ended March...
Apr 23 2014 // Zurich-based Echo Reinsurance Ltd., wholly owned subsidiary of German mutual insurance group DEVK, announced that it will target writing treaty reinsurance from Latin America in order to further enhance and diversify its...
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
Apr 21 2014 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2013 global underwriting results for its member (re)insurers. 18 of its 21 member (re)insurers participated in the 2013 report. The companies write...
Apr 21 2014 // The latest edition of the Aon Benfield Aggregate (ABA) report estimates that global reinsurer capital totaled $540 billion as of Dec. 31, 2013, an increase of 7 percent ($35 billion) over the year, with net income up 16...
Apr 17 2014 // The state of Iowa on May 20-22, 2014, will host its first ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
Apr 17 2014 // South Korean President Park Geun Hye arrived at the site where a ferry sank yesterday, as divers battled high waves and strong winds in their search for 287 people still missing, including hundreds of students.Over 100...
Apr 15 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North...
Apr 15 2014 // In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our...