All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million.JLT said the acquisition would provide “a very strong...
Sep 18 2013 // Glen Allen, Va.-based Markel Corporation recently announced that its Markel Global Reinsurance division has appointed Greg Richardson as acting head of its retro property reinsurance unit. Additionally, Markel Global...
Sep 18 2013 // Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away.The brokerage firm revealed the conclusion based on its “market intelligence” in a...
Sep 16 2013 // Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They are wide ranging, covering a number of topics. They will air the views from some...
Sep 11 2013 // American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett’s company started a commercial insurer competing against AIG, according to a...
Sep 11 2013 // The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note...
Sep 11 2013 // Former American International Group Inc. chief Maurice “Hank” Greenberg has a new business partner: the U.S. taxpayer.Greenberg’s Starr Indemnity & Liability Co. is one of 18 companies approved to get...
Sep 10 2013 // Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London.“What is...
Sep 10 2013 // Hannover Re, the world’s third- largest reinsurer, said it expects reinsurance rates at price negotiations for January renewals to remain little changed.Pricing will be “rather stable,” Chief Executive...
Sep 9 2013 // The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc.Companies such as Munich Re,...
Sep 9 2013 // Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by 2020 in high-growth markets.The Swiss reinsurer, which helps insurers shoulder risks...
Sep 9 2013 // Munich Re, the world’s biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations.“Prices will remain largely stable, chiefly due to the still...
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week.“I expect the market staying flat to ticking down, on the...
Sep 6 2013 // The 57th Reinsurance Rendez-vous, which begins with registration in Monte Carlo on Saturday, promises to be somewhat less stressful than many previous editions. A mass of warm air, combined with significant amounts of dust...
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said.“With the...
Sep 3 2013 // Citing figures from a Swiss Re sigma study, A.M. Best has indicated that “despite a subpar operating climate, global reinsurers have managed to squeeze out relatively reasonable returns on capital and compensate...
Sep 3 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake model for East Africa and a new flood scenario-based model for Mexico reinsurers.East...
Sep 3 2013 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in the first half of 2013, concludes that “a continuing influx of new funds...
Aug 26 2013 // Cooper Gay Re North America appointed Norman Gayle as managing director. He joins the executive team working from the head office in downtown New York.He and his team will focus on production and strategic planning and...