All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 16 2019 // Mark James has been named CNA’s Chief Risk and Reinsurance Officer.He assumes leadership for CNA’s Enterprise Risk Management function and maintains leadership for the Global Reinsurance team. Prior to joining...
Oct 11 2019 // PartnerRe Ltd. announced that Mario Bonaccorso, executive vice president and chief financial officer, will retire from the company on March 31, 2020 to pursue a new entrepreneurial venture with financial support from...
Oct 9 2019 // The Reinsurance Solutions business of Aon plc has established a Global Wholesale Committee based in London.The committee has been formed to further enhance client services and further cultivate the firm’s...
Oct 7 2019 // Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable to establish a viable...
Oct 4 2019 // Liberty Mutual Insurance announced it has completed the acquisition of three European subsidiaries of AmTrust Financial Services: Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain.“Completing...
Oct 3 2019 // Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B).Tokio Marine...
Oct 3 2019 // Convex Group, the Bermuda-based international specialty insurer and reinsurer, announces that its UK insurance subsidiary, Convex Insurance UK Ltd., has been added to the National Association of Insurance Commissioners...
Oct 1 2019 // Bermuda-based specialty insurer and reinsurer Hamilton Insurance Group announced that Steve Wilson has been appointed senior vice president, head of Casualty & Specialty, for its new U.S. reinsurance platform. Wilson...
Oct 1 2019 // MS Amlin, the London-based re/insurer and subsidiary of MS&AD, announced a new underwriting strategy that focuses on three core, non-commodity markets, while exiting nine non-core markets, which no longer fit in its...
Oct 1 2019 // Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Hyeji Kang as global head of Reinsurance and Catastrophe Risk Management, effective Oct. 1, 2019.She will...
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Sep 20 2019 // By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer...
Sep 20 2019 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable.The...
Sep 17 2019 // The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals, which is designed to provide additional options for insurer clients by reducing the timeframe around pricing negotiations...
Sep 16 2019 // AkinovA, the independent electronic marketplace for the transfer and trading of re/insurance risk, has donated key insurance linked security (ILS) data assets to ACORD, the global standards-setting body for the...
Sep 13 2019 // TigerRisk Partners LLC, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Manoj Gupta as chief operating officer.Prior to joining TigerRisk, Gupta was president of...
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference.Speaking at the Keefe, Bruyette & Woods Insurance...
Sep 12 2019 // Global temperature change, global trade collapse and cyber warfare are the top three “extreme risks” identified in a study from Willis Towers Watson.The new paper out this month is part of the firm’s...
Sep 12 2019 // Markel Corp. announced the launch of Lodgepine Capital Management Ltd., its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re.Lodgepine’s...