All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 27 2020 // Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital positions and support from reinsurance partners, said AM Best.The ratings agency...
Jan 27 2020 // Fidelis Insurance announced the appointment of John Symms as head of Outwards Reinsurance, in a new role that will support the growth of company’s reinsurance partnerships and the increasingly important quota share...
Jan 23 2020 // The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer....
Jan 22 2020 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to...
Jan 21 2020 // A minority-led insurance and reinsurance broker has launched with ambitious goals of achieving $100 million in revenue within five years and having the most diverse workforce in the industry.Protecdiv, based in...
Jan 21 2020 // Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33...
Jan 21 2020 // Willis Re, the reinsurance broking business of Willis Towers Watson, announced the appointment of Cameron Green as head of its International Casualty Reinsurance practice as well as chair of Willis Re Australia.In this new...
Jan 14 2020 // Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews and rates 46 insurers that write approximately 66% of Florida’s...
Jan 13 2020 // Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance, has appointed Susan E. Burke as vice president and director of Assumed Reinsurance in its Casualty Treaty department. She will be based in LM Re’s office...
Jan 13 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from 33% to 100%, effective Jan. 1, 2020.Financial details of the transaction were not...
Jan 13 2020 // Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. announced that Steve Lewis has been appointed as CEO, effective Feb. 1, 2020.Lewis has proven experience and strong relationships in the...
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 10 2020 // Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January...
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
Jan 9 2020 // Willis Re, the reinsurance subsidiary of Willis Towers Watson, announced the appointment of Simon Buxton as managing director of its International Customised Reinsurance practice, which focuses on non-traditional...
Jan 8 2020 // Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe...
Jan 6 2020 // The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion...
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Jan 6 2020 // Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London and reports to Matt FitzGerald, managing partner of the London Property and Specialty...
Dec 24 2019 // Bermuda-based Sirius International Insurance Group Ltd. announced it is expanding its facultative product offerings in the Asian region to better service its clients, beginning in early 2020. Through its office in...