All the headlines from our Reinsurance Topic Page, ordered by recency.
May 18 2020 // Ed Broking, the London-based reinsurance, wholesale and specialty broker, announced the external launch of its TradEd portals for carriers and clients in Bermuda.TradEd, the e-trading platform that is used in-house by BGC...
May 18 2020 // BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by...
May 15 2020 // Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane...
May 13 2020 // The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit insurance during the COVID-19 crisis.The scheme will be delivered through a...
May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...
May 6 2020 // Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares.The company announced the equity placing on May 5,...
May 6 2020 // AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its Financial Strength Rating downgraded to A (Excellent) from A+ (Superior) and its Long-Term...
May 5 2020 // Lloyd’s insurer Hiscox is planning a capital raise via the placement of new ordinary shares, which will enable the company to respond to expected growth opportunities ahead and prudently prepare for possible...
May 5 2020 // THB, the specialist insurance and reinsurance broker, announced that Matthew Crane has been named chief executive officer of THB Group and president of the International division of AmWINS Group, Inc., global distributor...
May 4 2020 // Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million...
Apr 30 2020 // Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses.The holding...
Apr 30 2020 // A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement.The 2nd Circuit Court of Appeals...
Apr 29 2020 // Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according to Willis Re’s latest Reinsurance Market Report.This was...
Apr 24 2020 // The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic.For 63 years, the RVS has brought together...
Apr 23 2020 // Obsidian Insurance Holdings Inc., a new fronting insurance holding company, has added to its senior management team with the appointment of Dan Larkin as chief underwriting officer. Obsidian was recently formed in...
Apr 22 2020 // Insurance and reinsurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements.Following the recent deployment of Aon’s binding function, the Lloyd’s...
Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review.Key proposed changes to the operating model include the creation of a single global...
Apr 20 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance.Some good guesses from any insurance professional with their foot in the door of a dispensary,...
Apr 16 2020 // Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece.Financial details of the deal were not disclosed. Founded in 2003 and...
Apr 14 2020 // In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey Gibbons, senior vice...