All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 28 2014 // The Oasis Loss Modelling Framework has unveiled what it describes as “the most significant development in the modelling of natural catastrophe losses for 20 years”— the launch of an independent, global, open...
Jan 27 2014 // As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s...
Jan 27 2014 // Homeowner insurance rates are finally coming down in Florida nearly a decade after the last hurricane hit, the state’s insurance commissioner says.But the report by Insurance Commissioner Kevin McCarty also showed...
Jan 24 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...
Jan 23 2014 // Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with...
Jan 23 2014 // London-based Litmus Analysis has commented on the announcement from S&P that for the first time since 2006 it expects a negative trend in reinsurer ratings in 2014. Of the 23 groups (including Lloyd’s) it defines...
Jan 23 2014 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced the successful completion of the first European Windstorm indemnity catastrophe bond...
Jan 23 2014 // Part I – The Market in the Developed EconomiesA significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this...
Jan 22 2014 // Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the head of Allianz SE’s reinsurance arm said.“Last year’s catastrophe activity was...
Jan 22 2014 // Standard & Poor’s latest report – “Past The Tipping Point: Competition And Soft Pricing Could Lead To Rating Pressure For Global Reinsurers” – on the state of the global reinsurance sector,...
Jan 21 2014 // The Missouri Department of Insurance has approved two Switzerland-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., as certified reinsurers in Missouri.The Swiss reinsurers are...
Jan 21 2014 // Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in reinsurance...
Jan 16 2014 // Europe is days from suspending a ban on reinsuring tankers hauling Iranian oil, a measure that helped cut the nation’s crude exports by more than 50 percent when it was implemented.The six-month relaxation starts...
Jan 14 2014 // Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt....
Jan 9 2014 // Sanford “Sandy” Weill, the former head of Citigroup Inc., was named chairman of the board at Hamilton Insurance Group Ltd., which runs the reinsurer that hedge fund manager Steven A. Cohen exited.“Sandy...
Jan 8 2014 // Indian Oil Corp. and two other state- run refiners said they will defer resuming purchases of Iranian crude by at least three months, having failed to get reinsurance for shipments after Europe said it would relax a...
Jan 7 2014 // The Bermuda-based Argo Group International Holdings, Ltd. announced the establishment of a new sidecar reinsurer for the 2014 accident year, Harambee Re Limited, which it said “continues Argo Group’s use of...
Jan 6 2014 // In two announcements, AmTrust Financial Services said it would acquire renewals rights for Tower Group International’s commercial lines business for $125 million, and Tower said it entered into a $172 million merger...
Jan 3 2014 // Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round.Swiss Re...
Jan 2 2014 // According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014...