All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 17 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook...
Jan 16 2018 // Argo Group International Holdings Ltd., the international underwriter of specialty insurance and reinsurance products, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2018.Launched in...
Jan 11 2018 // Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to...
Jan 11 2018 // XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events.The...
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Jan 9 2018 // eReinsure.com, Inc., a global specialty insurance distributor and part of AmWINS Group, will offer a blockchain service linked to its reinsurance platform to help companies share information.According to Igor...
Jan 8 2018 // MS Amlin, the London-based specialist re/insurer, announced that a Bermuda-domiciled special purpose reinsurer, Viribus Re Ltd., has been created to provide collateralized capacity support for MS Amlin Syndicate...
Jan 8 2018 // The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay in 2018.Expanding on its...
Jan 8 2018 // While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018.In a...
Jan 4 2018 // Armour, a Bermuda-based P/C run-off insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd.The equity commitments were made in partnership with an investor group...
Jan 4 2018 // The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re.Further, Hurricanes Harvey, Irma and Maria (HIM), the...
Jan 3 2018 // Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had reached his annual capacity level. That was an underwriting model commonly used in the Lloyd’s and...
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years.Under the legislation, insurers, agencies and other businesses organized as C...
Dec 22 2017 // While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018.In a...
Dec 22 2017 // The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has sponsored the formation of a reinsurance sidecar to provide collateralized capacity for Chaucer...
Dec 21 2017 // Willis Towers Watson Securities said it has structured and placed EUR 90 million of insurance-linked securities (ILS) for Covea Mutual Insurance Group, France’s largest domestic property/casualty insurance group.The...
Dec 21 2017 // Neon announced it has entered into a reinsurance to close (RITC) agreement for Syndicate 2468’s 2015 and prior years of account.The agreement was formed with StarStone, a global specialty insurer and subsidiary of...
Dec 20 2017 // Starr Companies announced the appointment of Steve Blakey as president and chief executive officer of Starr Insurance Holdings.Blakey replaces Chuck Dangelo, who has announced his retirement. Dangelo has been with Starr...
Dec 20 2017 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where...