All the headlines from our Reinsurance Topic Page, ordered by recency.
Aug 19 2019 // S&P Global Ratings says 2020 reinsurance pricing in the aftermath of California wildfires will likely rise as re/insurers are finding 2017-2018 losses from wildfires in that state to be higher than expected.The...
Aug 14 2019 // Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings.Although risk...
Aug 8 2019 // CICS Services, LLC (CICS) has launched a reinsurance pool for property and casualty coverages. Knox Reinsurance Company Inc., referred to as Knox Re, is licensed and regulated by the North Carolina Department of...
Aug 7 2019 // Wisconsin Democratic Gov. Tony Evers is crediting a reinsurance program adopted by his Republican predecessor Scott Walker for leading to lower health insurance rates in 2020.Evers on Friday announced that rates will...
Aug 6 2019 // DARAG Group Ltd., the Malta-based legacy acquisition firm, announced it has signed a portfolio transfer agreement with German re/insurer Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft (SOVAG).The legacy portfolio...
Aug 5 2019 // Giant conglomerate Berkshire Hathaway saw its total insurance underwriting profit in the second quarter fall 63% to $353 million from $943 million in the second quarter of last year.Compared to the same period last year,...
Aug 5 2019 // AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a+” of the operating subsidiaries of...
Aug 5 2019 // The Vertafore technology users network, NetVU, has named Linda Dodson as executive director. Dodson’s career has included work in an insurance agency and with agency carriers. She began her insurance career with Rand...
Aug 2 2019 // Hundreds of French farmers who signed up for specialist policies aimed at insuring against freak weather are getting swift payouts which could help them recover from heatwaves and prolonged droughts that hit parts of the...
Aug 1 2019 // North Dakota Insurance Commissioner Jon Godfread says the proposed state-based reinsurance program developed by the North Dakota Insurance Department for the individual health insurance market has been approved by the...
Jul 30 2019 // Hurricanes Irma and Michael served as a reminder that Florida, more than any other state, is at risk of one of the most intense natural perils, namely hurricanes. The existence of a stable insurance market providing its...
Jul 29 2019 // AXA XL announced three senior appointments to its London Reinsurance team, with the promotion of Megan Kempe, coupled with the additions of Nick Pascall and Conor Gaffney.Kempe has been promoted to head of US Property...
Jul 26 2019 // Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time it announced it is launching a new retrocessional ILS fund platform, which will be ready to...
Jul 25 2019 // French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set...
Jul 19 2019 // Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who...
Jul 17 2019 // John Carolin has been appointed chief executive officer of B3i Services AG (B3i). Carolin previously served as interim CEO since March 2019 after joining B3i as chief financial officer in March 2018.Carolin’s work...
Jul 16 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into a retrospective quota share reinsurance agreement with Protector Forsikring, the Norwegian insurance company.DARAG’s German risk...
Jul 12 2019 // The impending strike of Tropical Storm Barry on Southeast Louisiana, coming at a moment when the Mississippi River is cresting at heights not seen since 1927, has many fearing a replay of the devastation wrought by...
Jul 12 2019 // Global broker Aon has promoted Aon veteran Tim Ronda to president of its U.S. Reinsurance Solutions business. He is based in New York.As president, he succeeds George deMenocal, CEO of U.S. Reinsurance Solutions, who has...
Jul 9 2019 // W. R. Berkley Corp. announced the appointment of Daniel R. Westcott as president of Berkley Re America (BRAM). Westcott has 20 years of experience in the property/casualty reinsurance market. He joins Berkley from The...