All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 20 2017 // Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires.But a year that is shaping up to be the costliest on record...
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
Dec 13 2017 // Brit Ltd., the London-based specialty insurer and reinsurer, has launched a Bermuda-domiciled collateralized reinsurance platform, Sussex Capital.Sussex Capital, through Sussex Re, a newly established Bermuda-domiciled...
Dec 8 2017 // Brit Ltd. announced it is relocating its Gibraltar-based reinsurer, Brit Insurance (Gibraltar) PCC Ltd., to Bermuda.The process is expected to be completed by the end of the year, following which Brit Insurance (Gibraltar)...
Dec 8 2017 // Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re, Swiss Re and Hannover Re, in a series of deals that will release capital for Australia’s biggest...
Dec 6 2017 // The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help pay the federal flood insurance program’s losses from Hurricane Harvey. Those paid...
Dec 5 2017 // An ex-chief insurance regulator for Missouri will take over the Association of Bermuda Insurers and Reinsurers starting in January 2018.John Huff, the immediate past president of the National Association of Insurance...
Dec 4 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely affected by the second half of the year’s three hurricanes and earthquakes in Mexico–which will lead to rate hardening for...
Dec 1 2017 // Randall & Quilter Investment Holdings Ltd. announced it has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability...
Nov 29 2017 // S&P Global Ratings has placed its ‘B+’ financial strength ratings for Hochheim Prairie Farm Mutual Insurance Assoc. (HPFMIA) and its subsidiary, Hochheim Prairie Casualty Insurance Co. (HPCIC; collectively...
Nov 27 2017 // Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd., after receiving approval from the Bermuda Monetary Authority (BMA).Ascot Re has received an additional injection of $1 billion of funds and has been given an...
Nov 22 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in Mexico, which will lead to rate hardening for non-life insurers...
Nov 20 2017 // Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion,...
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
Nov 16 2017 // Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken “meaningful action,” campaign group Unfriend Coal said on Wednesday.Government...
Nov 16 2017 // Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday.Hurricanes in the United States and the Caribbean...
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...