All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 14 2021 // Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr.Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on...
Jun 11 2021 // Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from their reinsurers, an industry executive said Thursday.While cedents...
Jun 7 2021 // The bills for the Biden administration’s multi-trillion dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A headline feature...
Jun 3 2021 // Venerable Holdings Inc. has completed its acquisition of Corporate Solutions Life Reinsurance Company (CS Life Re), a Delaware domiciled and New York licensed reinsurance company, from Equitable Holdings Inc.With the close...
Jun 3 2021 // SCOR announced that Olivier Gay has been appointed chief executive officer for SCOR Canada Reinsurance Co., succeeding Paul Christoff, effective June 11, 2021.Gay will continue to serve as chief underwriting officer for...
Jun 3 2021 // Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate 2008 will assume historical liabilities for selected lines of...
Jun 1 2021 // Lansing, Mich.-based specialty insurance provider, AF Group, is entering the assumed reinsurance marketplace through a new partnership with Waypoint Underwriting Management.Waypoint is a proven expert in reinsurance risk...
May 26 2021 // A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for cyberterrorism events.The...
May 25 2021 // Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers.Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and...
May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius.Alongside...
May 13 2021 // This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin.AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and...
May 11 2021 // Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief...
Apr 22 2021 // Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an...
Apr 19 2021 // French reinsurer SCOR said it benefited strongly from continued improvements in pricing and terms and conditions, during the April 1, 2021 reinsurance renewals – a continuation of trends already seen during the January...
Apr 8 2021 // LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of...
Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players.The Australian Prudential Regulation Authority (APRA)...
Apr 1 2021 // International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories.Capacity was adequate across the board, and no...
Apr 1 2021 // The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal...
Mar 31 2021 // Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates,...
Mar 29 2021 // The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event for the reinsurance industry, according to Fitch Ratings.This event will reduce global reinsurers’...