All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 9 2019 // RiverStone has acquired Rockville Risk Management and ER Quinn Company (collectively, Rockville).Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides...
Jul 8 2019 // Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and...
Jul 2 2019 // Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1 and July 1, 2019 renewals, according to the latest 1st View renewals report from Willis...
Jul 2 2019 // For the fourth time, Liberty Mutual has utilized capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd.The Boston-based insurer said it has completed a new...
Jun 28 2019 // Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at...
Jun 27 2019 // Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has...
Jun 26 2019 // Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced.Terms of the deal weren’t disclosed. San...
Jun 24 2019 // Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Jens Voges as senior underwriter and product leader Marine & Energy within its London Market Risks (LMR) team.The new role was created to support...
Jun 21 2019 // Hamilton Re has sponsored issuance of its first catastrophe bond.The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group said that the issuance has taken place through its Hamilton Capital...
Jun 19 2019 // American International Group announced the formation of AIG Re, which consolidates the company’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business.AIG...
Jun 19 2019 // Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed...
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Jun 17 2019 // It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer.“So far, we’re optimistic that we’re going to see that our...
Jun 13 2019 // Climate change presents “high exposure risk” to insurers and their policyholders on many fronts:General liability claims for third-party bodily injury and property damage, directors and officers claims for a...
Jun 13 2019 // A Lloyd’s of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about a female colleague. A second employee was suspended for forwarding the message...
Jun 12 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of Lloyd’s Casualty Reinsurance.In this role, Sweeting will be responsible for managing all...
Jun 12 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added Ward Humphreys as senior vice president to the reinsurance team of its National Health Care Practice. His hiring is part...
Jun 7 2019 // Emil Issavi, previously Aspen Re’s president and chief underwriting officer and managing director of the Americas is taking on a new role as a senior executive of Ryan Specialty Group (RSG), RSG Underwriting Managers...
Jun 5 2019 // Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this year’s April and...
May 31 2019 // A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March.The TRO blocks the three...