All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 19 2019 // Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of Fidelis Insurance...
Dec 11 2019 // Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into...
Dec 5 2019 // Catalina Holdings (Bermuda) Ltd., the legacy re/insurance specialist, has reached an in principle agreement to acquire Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-based reinsurance business.The acquisition...
Dec 3 2019 // Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them...
Nov 27 2019 // MS Amlin, the London-based re/insurer, announced a new operating model and senior leadership team in response to the recent decision by its parent company, MS&AD, to reorganize its international businesses.This...
Nov 22 2019 // Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after Aspen Re decided to exit the line.In addition to the renewal rights on...
Nov 20 2019 // Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking Committee.The Senate legislation (S.2877) is identical to the bill (H.R. 4634) that passed...
Nov 19 2019 // The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22.The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R....
Nov 19 2019 // Willis Re Securities reports it has structured and placed EUR 120 million of insurance-linked securities (ILS) to provide reinsurance capacity for Covéa Mutual Insurance Group, France’s largest domestic...
Nov 14 2019 // Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report.Rising lost costs will fuel the moderate but steady...
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years.A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
Nov 4 2019 // BMS Group, the London-based specialist re/insurance broker, announced the appointment of Jeff Irvan as chief property officer, U.S. reinsurance, reporting to BMS U.S. Reinsurance President Pete Chandler.The appointment is...
Nov 4 2019 // IAT Insurance Group, a provider of specialty property and casualty products, has added Steve Assennata to the company to serve as chief underwriting officer (CUO) of its Programs unit. The company is based in Raleigh,...
Nov 1 2019 // Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round.Quantemplate said it plans to use the funding for...
Oct 31 2019 // Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program.The House Financial Services Committee unanimously (57-0) passed the...
Oct 29 2019 // Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance...
Oct 25 2019 // Hungarian insurer Cig Pannonia Nyrt., which lists Lehman Brothers as one of its founders, lost as much as a quarter of its value in two days after Italian reinsurance contracts at one of its units turned out to be...
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond.The...
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best.“Three...