Latest Reinsurance Headlines

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

TWIA Board to Meet on March 22 to Decide on Reinsurance for 2022 Hurricane Season

Mar 10 2022 // The Texas Windstorm Insurance Association Board of Directors will hold an interim meeting on March 22 at 1:30 p.m. CT to determine TWIA‘s catastrophe funding and reinsurance needs for the 2022 hurricane season.The...

People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada

Mar 7 2022 // This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL.A summary of these new hires follows here. Lockton Hires Starr Cos.’ Shephard for AviationCarl...

Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk

Mar 7 2022 // Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services to MGAs.Financial details of the acquisition were...

DARAG Acquires Guernsey Reinsurance Captive in Run-Off

Mar 3 2022 // DARAG Group, an international insurance and reinsurance group that specializes in the assumption of discontinued businesses, has acquired a Guernsey based reinsurance captive.DARAG said the sale of the captive, which has...

UK to Ban Russian Companies From London Aviation Insurance Market

Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...

Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020

Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...

People Moves: Rosa Appointed CEO of Euler Hermes Agency; Gallagher Re Adds Aon’s LaPalme; Marsh Hires Lipinska, Cobb

Feb 28 2022 // This edition of International People Moves details appointments at Euler Hermes, Gallagher Re and Marsh.A summary of these new hires follows here. Rosa Appointed CEO of Euler Hermes World AgencyRiccardo RosaEuler Hermes,...

People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters

Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting.A summary of these new hires follows here. AXA XL to Promote De Rosa to Head...

People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region

Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking.A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting OfficerGreg...

Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report

Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co.Activity was driven by a...

Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier

Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...

SCOR Reports 19% Premium Growth in January Renewals, Average Price Hikes of 4.9%

Feb 8 2022 // SCOR reported 19.0% premium growth during the January property/casualty (P/C) reinsurance renewals and an overall average P/C price increase of 4.9%.SCOR said the 19% premium growth figure includes a large structured...

People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman

Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada.A summary of these new hires follows here. Legacy...

TWIA Board Chooses Aon For Catastrophe Modeling

Feb 3 2022 // The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the Board’s statutorily required determination of the Association’s 1-in-100-year...

Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate

Feb 1 2022 // Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate.Syndicate...

People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance

Jan 19 2022 // This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re.A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines...

Loss Experience Drives Prices During January Reinsurance Renewals: Fitch

Jan 19 2022 // Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business...

People Moves: Everest Re Promotes Klinger to Lead Int’l Reinsurance; HDI Global Hires Chubb’s Carberry as Head of U/W, Ireland; HSBC’s Rutherford to Aon’s UK FI Team

Jan 14 2022 // This edition of International People Moves details appointments at Everest Re, HDI Global and Aon.A summary of these new hires follows here. Everest Re Promotes Klinger to Head of Int’l ReinsuranceEverest Re Group...

Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch

Jan 13 2022 // The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating analyst said.Longer...

People Moves: SiriusPoint Promotes Chester for U.S./Canada Reinsurance; Banyan Risk Names Ascot’s Horrobin as Co-Founder, Co-CEO; SCOR Reinforces Sustainability Teams

Jan 10 2022 // This edition of International People Moves details appointments at re/insurer SiriusPoint, specialty MGA Banyan Risk and reinsurer SCOR.A summary of these new hires follows here. SiriusPoint Ltd., the Bermuda-based global...