All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 30 2020 // A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this strategy also has...
Oct 29 2020 // After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived. They blame unchecked claims litigation from...
Oct 28 2020 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Johan Slabbert as chief executive officer. Slabbert will take up the role on Nov. 1, 2020, subject to regulatory...
Oct 22 2020 // Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB).Picnic will commence...
Oct 21 2020 // Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Reardon succeeds Mike Krefta, who, as announced in August,...
Oct 16 2020 // Driven by an elevated frequency of events during the quarter, third quarter natural catastrophe losses for the U.S. property/casualty insurance industry will be the largest since the third quarter of 2017, according to...
Oct 13 2020 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced a reinsurance-to-close (RITC) transaction with legacy specialist RiverStone Holdings. Upon completion of the transaction, RiverStone will undertake...
Oct 7 2020 // Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing its Markel Global Reinsurance property CAT unit and having Nephila become Markel’s single...
Oct 6 2020 // It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful scramble to conduct its business digitally at the onset of the...
Oct 5 2020 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford. Navigators’ associated companies are...
Oct 5 2020 // SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to SCOR Global P&C CEO Jean-Paul Conoscente, who sent a message to clients on...
Oct 1 2020 // Centauri Specialty Insurance Holdings and its subsidiaries have appointed Paul Knutson vice president of Capital & Reinsurance Strategy.As a member of the executive team, Knutson is responsible for the design,...
Sep 30 2020 // Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks,...
Sep 29 2020 // Evan Glassman saw a gap in the property insurance market—literally.Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully...
Sep 29 2020 // Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits.“We think we’re the only insurtech firm involved in cyber...
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model.“For a reinsurance MGA to be successful and to have a strong offering, you...
Sep 29 2020 // Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not...
Sep 28 2020 // New Reinsurance Co. Ltd., a wholly owned subsidiary of Munich Re, announced that its board of directors appointed Dr. Thomas Braune as its new chief executive officer. Braune will assume his new role on Oct. 1, 2020,...
Sep 28 2020 // Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would...
Sep 25 2020 // Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit will be disbanded, Swiss Re also intends to reorganize the...