Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

Hannover Re Sees Reinsurance Prices Rising Up to 8%

Sep 13 2011 // Hannover Re , the world’s third-biggest reinsurer, said it saw reinsurance prices rising by 3-8 percent next year, a brighter outlook than that of its two bigger rivals.“It is our expectation that the...

Reinsurance Rendezvous Kicks Off in Monte Carlo

Sep 12 2011 // You could hold it in New York, or London, or practically anywhere, but it wouldn’t be the same. The annual Reinsurance Rendezvous in Monte Carlo, which translates as Charles’ Hill, in Monaco is a unique event....

Reinsurers Eye Innovation As Prices Disappoint

Sep 12 2011 // Catastrophe claims totaling $70 billion have failed to generate a hoped-for upturn in reinsurance prices, putting the industry under pressure to specialize and develop new products to generate growth.Reinsurance policy...

Willis’ Exec Sees Possible ‘Historic Change’ in Reinsurance Market

Sep 12 2011 // The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news?In his keynote speech at the PricewaterhouseCoopers breakfast briefing at the Reinsurance Rendezvous Martin...

Best, S&P Positive on Reinsurers’ Capital

Sep 12 2011 // As the Reinsurance Rendezvous in Monaco enters its second day, it has become apparent that most of the world’s global reinsurers are more than adequately capitalized.In conferences held on September 11 both A.M. Best...

White Mountains Rebrands Reinsurance As Sirius

Sep 12 2011 // Bermuda-based White Mountains Insurance Group said it is reorganizing and rebranding its global reinsurance business. All reinsurance operating entities will be consolidated under Sirius International Insurance Corp....

Aon Benfield Study Finds Reinsurer’s Capital Recovers in Q2 from Q1 Losses

Sep 9 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp. has released the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial position of the world’s 28...

Montpelier Group Names Schaper as President of Montpelier Re

Sep 8 2011 // Montpelier Re Holdings Ltd. Has appointed Christopher T. Schaper as President of Montpelier Reinsurance Ltd. , effective November 25, 2011 – subject to the approval of the Bermuda Department of Immigration. He will...

Best Special Report Sees Reinvigorated Reinsurance Market

Sep 7 2011 // A new special report from A.M. Best found some “hopeful signs” emerging for the global reinsurance industry. “After years of a soft market, weak investment returns, lukewarm investor interest and sluggish...

Irene’s Impact on Private Insurance Markets

Aug 31 2011 // The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big...

Swiss Re Applies for Local Reinsurance Registration in Brazil

Aug 29 2011 // Swiss Re announced that it has submitted an application to Brazil’s Superintendence of Private Insurance (SUSEP) for a local reinsurance registration.Swiss Re said it “views a Brazilian reinsurance registration...

Best Affirms China Re and Subs ‘A’ Ratings; Outlook Stable

Aug 26 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of China Reinsurance (Group) Corporation (China Re) and its subsidiaries, China...

North, South Carolina Coastal Insurance Plans Ready for Hurricane Irene

Aug 24 2011 // Caught square in the path of Irene, the first major hurricane of the season, the coastal insurance plans in North and South Carolina are prepared to absorb what may be their first major losses in years.Both plans appear to...

Australia’s Suncorp Profit Falls 42%; Hints at Capital Return

Aug 24 2011 // Australian insurer and bank Suncorp reported a 42 percent fall in annual profit on Wednesday, but still beat forecasts and hinted at a capital return once markets stabilized, sending its shares nearly 7 percent higher.But...

Hurricanes May Be Catalyst for Insurance Rate Increases

Aug 23 2011 // Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after...

Towers Watson Hires Reinsurance Agent in San Francisco

Aug 19 2011 // Global professional services company Towers Watson, the global professional services company has appointed Conrad Lagasca vice president in its reinsurance brokerage business. Lagasca, who will be based in San Francisco,...

Bermuda Association Lauds Government Progress on Solvency II ‘Equivalence’

Aug 18 2011 // While U.S. regulators are beginning to be worried about the impending imposition of the European Union’s Solvency II regulations for the re/insurance industry, which will come into force in 2014, Bermuda has been...

Why Wall Street Likes Reinsurance Business

Aug 9 2011 // Warren Buffett’s entry into the bidding for Transatlantic Holdings is drawing fresh attention to the reinsurance industry, which specializes in writing insurance for insurers in a way that frees up those companies to...

IBA San Diego Hosts Luncheon Discussion August 17th, 2011: “State of the Reinsurance Industry-How Changes Could Affect the Agent and Insured!”

Aug 8 2011 // San Diego, August 8, 2011 – The Insurance Brokers & Agents of San Diego in partnership with the Insurance Industry Charitable Foundation’s San Diego Steering Committee, will be hosting a lunch discussion on...

Hannover Re Posts $313 Million Net Income for 1st Half 2011

Aug 8 2011 // German reinsurer Hannover Re reported that its net income for the first six months of the year totaled €218.5 million [$313 million], despite the losses that occurred in the first quarter. The decrease was substantial,...