All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 12 2014 // A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer than the primary...
Mar 11 2014 // Hannover Re, the world’s third- biggest reinsurer, posted a 48 percent increase in fourth- quarter profit, beating analysts’ estimates.Net income rose to €265 million ($367 million) from €179 million [$248...
Mar 10 2014 // For insurance companies, now is a good time to buy reinsurance. Prices are down and terms and conditions are favorable, according to Mathew Wulf, vice president, state relations and assistant general counsel, for the...
Mar 10 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Mar 6 2014 // As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings.However, it remains to be seen...
Mar 5 2014 // Traditional reinsurers must remain relevant in order to survive challenging market dynamics, but stay mindful about which areas they diversify into, according to Paddy Jago, president of Willis Re in a video blog on...
Mar 4 2014 // The Bermuda-based Argo Group International Holdings announced that its Bermuda-based reinsurance company, Argo Re, Ltd., has entered into an agreement with Horseshoe Re Limited that will expand its reinsurance product...
Mar 3 2014 // Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with...
Feb 28 2014 // After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in...
Feb 26 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Feb 25 2014 // A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate.Reinsurers, which help insurers shoulder risk in exchange...
Feb 24 2014 // Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as £1 billion ($1.667 billion).Aviva, the...
Feb 24 2014 // A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to buy and manage closed blocks of non-admitted commercial insurance policies and...
Feb 21 2014 // Reinsurance rates, particularly for natural catastrophe coverage, probably won’t increase this year, said Swiss Re Ltd.’s chief financial officer.Prices will only begin to rise again when there is some...
Feb 19 2014 // Capital is pouring into the casualty reinsurance market from both traditional property catastrophe reinsurers looking to offset rate reductions in their own sphere, and now also from the capital markets, according to...
Feb 18 2014 // A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted commercial insurance policies...
Feb 17 2014 // Pine River Capital Management LP, the $14.3 billion hedge-fund firm founded by Brian Taylor, is raising capital for a reinsurance company in the latest push by a money manager into the industry.The firm is seeking to raise...
Feb 13 2014 // Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, 2013 Catastrophe Review concludes that “natural catastrophes and man-made disasters...
Feb 10 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved.The obstacles...
Feb 7 2014 // Hannover Re, the world’s third- biggest reinsurer, confirmed its profit target for this year even as the prices it charges customers for coverage fell.“Although the rate level in non-life reinsurance was...