All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 17 2018 // While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire...
Jul 16 2018 // Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.”That devastating event killed more than...
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.European insurers, reinsurers,...
Jul 11 2018 // Blockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry.It’s been a...
Jul 5 2018 // Andrew Matson has been named leader of Aon’s newly formed Global Portfolio Broking team – a Reinsurance Solutions unit.Aon said the unit “will build on the success of established pioneering facilities, while...
Jul 3 2018 // Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for the first time, and is opening for business in Italy.Scott Johnson, formerly with Munich...
Jul 3 2018 // Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business.The thermal coal policy applies to both existing and new thermal coal...
Jul 2 2018 // Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re.For example,...
Jul 2 2018 // The Hanover Insurance Group Inc. has appointed Frank M. Baron as president of Alternative Markets, a newly formed business unit within the company’s domestic specialty group.In this role, Baron will lead the...
Jul 2 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
Jun 27 2018 // Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance.All business written through Folgate will be...
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
Jun 26 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
Jun 21 2018 // Capsicum Re, the London-based specialist reinsurance broker, announced that Grahame “Chily” Chilton will rejoin the business later this year.Chilton will work alongside CEO Rupert Swallow to drive global...
Jun 18 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Gary Ivey as Southeast regional CEO.In this role, Ivey will oversee MMA offices in Georgia, Alabama, Tennessee, Kentucky...
Jun 15 2018 // Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told...
Jun 13 2018 // The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the private sector and buying reinsurance.The Federal Emergency Management Agency, which started...
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer.Hickey is based at AmTrust’s New York City...
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
Jun 4 2018 // Reinsurance intermediary Guy Carpenter & Co. said it has hired Shiv Kumar as president and global leader of GC Securities, Capital Markets. Kumar was previously global head of Insurance Structured Finance at Goldman,...