All the headlines from our Reinsurance Topic Page, ordered by recency.
Apr 20 2018 // Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season.That...
Apr 19 2018 // Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash.The transaction is expected to close in the second half of 2018, subject to...
Apr 19 2018 // Envelop Risk, a UK-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer.Chatterjee was formerly the lead cyber underwriter with Hannover Re...
Apr 18 2018 // Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield.Indeed, capital...
Apr 12 2018 // Louisiana Insurance Commissioner James Donelon says he is supporting a bill that would create an insurance pool to help stabilize the state’s individual market for health insurance.The Louisiana Department of...
Apr 12 2018 // CNA reports that Mark James will join the company as senior vice president for Global Reinsurance. He will be responsible for CNA’s reinsurance strategies and purchasing around the globe. James has more than 15 years...
Apr 10 2018 // The Michigan Catastrophic Claims Association is once again raising its annual assessment to support the state’s no-fault auto insurance system, which uniquely guarantees unlimited lifetime medical benefits. And state...
Apr 9 2018 // Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group.Worldwide Facilities plans to acquire all of the outstanding...
Apr 6 2018 // Russia’s banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of the...
Apr 5 2018 // In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through issuance of a...
Apr 5 2018 // London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO...
Apr 4 2018 // Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report.Pricing was...
Apr 4 2018 // Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s shares...
Apr 3 2018 // Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report.Pricing was...
Apr 3 2018 // Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio.Paul Witzenfeld joins Castel Specialty to...
Apr 3 2018 // The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations.Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include three...
Apr 2 2018 // Aspen Insurance Holdings Ltd. announced that Brian Boornazian has decided to retire as chairman of its reinsurance segment, Aspen Re, and as chief executive officer of Aspen Re, Americas, with effect from the end of...
Mar 29 2018 // Swiss Re AG jumped after people familiar with the matter said Japan’s SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ($39...
Mar 26 2018 // Ocean International Reinsurance Co. Ltd. has opened a representative office in Mexico to be headed by Rebecca Peña.The office was opened in Feb. 19, 2018, after receiving regulatory approval from Mexico’s National...
Mar 26 2018 // The Blockchain Insurance Industry Initiative (B3i) announced the incorporation of B3i Services AG in Zurich, Switzerland.The company was formed by the founders of B3i, which previously operated as a collaborative...