All the headlines from our Reinsurance Topic Page, ordered by recency.
May 29 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...
May 24 2019 // Generali has signed an agreement to sell the life run-off portfolio of its UK Branch to a subsidiary of Reinsurance Group of America Inc., the St. Louis, Mo.-based life and health reinsurance company.The run-off portfolio,...
May 23 2019 // Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced it has launched a reinsurance operation under Lloyd’s registration in Mexico to serve clients in Mexico and Central America.The...
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount.Coriolis Capital invests mainly in natural disaster bonds,...
May 22 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...
May 21 2019 // MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk...
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
May 17 2019 // Aon plc announced organizational changes within its Global Reinsurance Clients team, which supports 25 of the largest global insurers. Part of Aon’s Reinsurance Solutions business, the team was launched in 2014 to...
May 17 2019 // AM Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Third Point...
May 16 2019 // Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the program isn’t renewed by the end of 2020, ratings firm A.M. Best has...
May 14 2019 // Markel International, the specialist insurer and subsidiary of Markel Corp., has appointed Nick Lazarus as managing director, North American property reinsurance based in London.Leading the existing and established London...
May 13 2019 // Curi, a provider of medical malpractice products and services for physicians, has appointed Sean Farrelly as its new senior vice president of Underwriting.In this role, Farrelly will lead Curi’s underwriting...
May 10 2019 // Third Point Reinsurance Ltd. (TPRE) has appointed Daniel Malloy as CEO, effective May 10. He succeeds J. Robert Bredahl, whose resignation has been accepted by the board. Bredahl had been TPRE’s CEO since March...
May 9 2019 // Insurance broker Aon has appointed Jay Demeusy as U.S. vice chairman of its Reinsurance Solutions business. Alongside his new role, Demeusy will continue to chair the newly formed Global Construction & Inland Marine...
May 9 2019 // Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced a series of international leadership appointments to facilitate the integration of...
May 8 2019 // German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018.The world’s largest reinsurer blamed the...
May 7 2019 // Berkshire Hathaway Inc. on Saturday said gains in its stock investments were behind its good first-quarter profit. Better results from its GEICO auto insurer and BNSF railroad units boosted operating results.The...
May 7 2019 // Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd.Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related...
May 6 2019 // Reinsurance broker BMS Group has named Pete Chandler as president of its U.S. reinsurance operations. Chandler joins from JLT Re, where he was deputy CEO of the U.S. reinsurance broking arm of the group. He joined JLT Re...
May 3 2019 // Hamilton Re, the Bermuda-based insurance and reinsurance platform for Hamilton Insurance Group, announced that Hanni Ali has been promoted to senior vice president, Risk & Analytics.Ali, who joined Hamilton in July...