All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 28 2020 // Guy Carpenter announced today the appointment of Andrea Piatti as a managing director, Global Risk Solutions.Piatti will be responsible for serving clients in the customized reinsurance space across Europe and Middle East...
Jul 28 2020 // For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted recently.“I...
Jul 24 2020 // A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association.It has been developed after a growing spate of terrorist attacks using vehicles led to...
Jul 22 2020 // Global insurer Chubb announced that Scott Meyer will succeed retiring Bruce Kessler as senior vice president, Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines...
Jul 20 2020 // Law firm Mintz has added a group of five practitioners to its Insurance and Reinsurance Practice.Deirdre G. Johnson, Paul W. Kalish, Suman Chakraborty and Ellen MacDonald Farrell joined as members, and Elaine Panagakos...
Jul 20 2020 // Lloyd’s announced it plans to stop accepting admitted market accounts in the United States in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market...
Jul 16 2020 // Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report.The report, which also looks at changes in reinsurance demand levels,...
Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...
Jul 10 2020 // Capsicum Re, the specialist reinsurance broker, has announced the appointment of Raja Balasuriya as its chairman.He succeeds fellow Capsicum Re founder Grahame Chilton in the role, who it was announced would re-join the...
Jul 10 2020 // Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader.As part...
Jul 9 2020 // The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact...
Jul 9 2020 // Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an...
Jul 9 2020 // A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the...
Jul 8 2020 // How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more wrinkles to an already...
Jul 7 2020 // Ray Harkins will retire as executive vice president and chief underwriting officer, Reinsurance, at St. Louis, Missouri-based Safety National Re. Bob King has been tapped to succeed him as senior vice president and chief...
Jun 26 2020 // Obsidian Insurance Holdings Inc., a fronting insurance holding company, has appointed Stacy Armstrong as chief client officer.Armstrong is a senior executive with more than 25 years of insurance and reinsurance industry...
Jun 25 2020 // Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector’s most expensive events, according to a report published by reinsurance broker...
Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...
Jun 22 2020 // Brokerslink announced a further expansion of its footprint in Africa with Tunisian brokerage Karé Kamoun becoming the latest affiliate to join the global broking business.The Tunis-based insurance and reinsurance broker,...
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook.Peak Re’s A3 IFSR reflects its good franchise in...