All the headlines from our Reinsurance Topic Page, ordered by recency.
Nov 14 2017 // Xceedance, the provider of insurance consulting, managed services, technology and data sciences, announced a multi-million dollar “Series A” equity investment in ChainThat, a London-based blockchain specialist...
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6.Chord Re expects to both structure and lead programs in specialist classes and will...
Nov 13 2017 // Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general reinsurance business in Singapore, effective Nov. 2, 2017.“Asia is our core region....
Nov 9 2017 // Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance giant Munich Re said on Thursday.Damages from storms Harvey, Irma and Maria of that...
Nov 7 2017 // Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that...
Nov 7 2017 // AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private...
Nov 3 2017 // U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals to overhaul the tax code unveiled on Thursday.The plan includes a 20 percent excise...
Nov 2 2017 // Safety National Re has hired Lydia Wilmot as vice president and Stephanie Wizner as assistant vice president. Wilmot and Wizner will be based out of New York.With more than 15 years of combined industry-related insurance...
Nov 2 2017 // A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on...
Nov 1 2017 // The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every...
Nov 1 2017 // Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management.Richards will...
Oct 30 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA).Day-to-day...
Oct 30 2017 // RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd.The new operation will serve as a hub for the continued development of RFIB’s presence across...
Oct 29 2017 // Between Hurricanes Harvey and Irma, natural catastrophes are top of mind for many Americans. Yet, the nation’s exposure to catastrophic risk is not limited to wind and waves. Earthquakes, like hurricanes, are costly...
Oct 27 2017 // Swiss Re, a reinsurance company, says it plans to move its headquarters and 400 jobs from Overland Park, Kansas, to downtown Kansas City.The move is expected in late 2018. President and CEO Eric Smith says the move will...
Oct 27 2017 // Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record.Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according...
Oct 25 2017 // State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after raising 111.76 billion rupees ($1.72 billion) in the country’s biggest initial public offering in...
Oct 25 2017 // XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming Hurricanes Harvey, Irma and Maria for the results.The net loss of $1.04 billion for Q3 amounted to negative-$4.06 per fully diluted share,...
Oct 23 2017 // AXIS Capital Holdings Ltd. announced that Steve Arora has been named chief executive officer of AXIS Re.Arora joins the company from Swiss Re where he spent 18 years in a variety of senior positions, most recently as head...
Oct 19 2017 // The California Workers’ Compensation Institute this week released a report on a list of bills that will affect the workers’ comp system.The bills were recently signed into law at the end of the Legislative...