All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 1 2022 // State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western...
Jul 1 2022 // For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday.While the...
Jun 30 2022 // This content was recently published in the Blogs section of RMS’ website. It is republished here with permission.Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around...
Jun 27 2022 // Two more Florida property insurers have stopped accepting new business in the state. One of them blamed it partly on unfair and unexpectedly large price increases from reinsurers this year. The other carrier said that,...
Jun 14 2022 // This edition of International People Moves details appointments at SCOR and HDI Global.A summary of these new hires follows here. McMurdo to Succeed Blanc as SCOR’s CEO of ReinsuranceSCOR announced that its CEO of...
Jun 13 2022 // This edition of International People Moves details appointments at Bermuda-based re/insurer SiriusPoint and London headquartered re/insurer IQUW.A summary of these announcements follows here. SiriusPoint Names Heerasing UK...
Jun 10 2022 // Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action.At a Citizens Market Accountability Committee meeting this week, Chief Operating...
Jun 10 2022 // State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people...
Jun 10 2022 // The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits.With Western markets...
Jun 9 2022 // Howden Group Holdings said it has created the “much-needed fourth global player in the reinsurance market” with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of its offering...
Jun 8 2022 // AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines.With the refocus of AXIS Re, AXIS Re CEO...
Jun 6 2022 // Premium growth during the first quarter of 2022 saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from...
Jun 3 2022 // This edition of International People Moves details appointments at the broker NFP and homeowners’ insurer, Openly.A summary of these new hires follows here. NFP Appoints Markel’s Horsman as Head of Canadian...
Jun 1 2022 // As many as five Florida property insurers are unlikely to be able to secure adequate reinsurance by today’s deadline, but the state’s largest carrier is not one of them.Universal Insurance Holdings announced...
May 31 2022 // Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from Gallagher...
May 26 2022 // Oneglobal Appoints IRB’s Oka as CEO Reinsurance BrazilOneglobal Broking announced the appointment of Adriano Oka as CEO Reinsurance Brazil. Oka will report to Nery Silva, CEO Mercosul, Oneglobal Brazil. The...
May 16 2022 // Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the Russia-Ukraine war,...
May 10 2022 // Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction, which will come into effect in October 2022, will vary according to...
Apr 29 2022 // AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But a market commentary from Wells Fargo Securities said: “Where...
Apr 22 2022 // Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States — changes that have been more than 20 years in the making.Effective Oct. 1,...