All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Oct 19 2017 // Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700 million, net of reinsurance and before tax.After tax, the losses are expected to be...
Oct 18 2017 // Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in...
Oct 17 2017 // Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups that the rating...
Oct 16 2017 // Freeborn & Peters LLP has hired Sean Thomas Keely to the firm’s New York office as a partner in the Litigation Practice Group and a member of the Insurance and Reinsurance Industry Team.The addition of Keely...
Oct 16 2017 // A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance rate hikes at the Jan. 1, 2018 renewal...
Oct 13 2017 // The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes.The latest companies...
Oct 13 2017 // The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation’s top reinsurer, in the country’s biggest...
Oct 12 2017 // XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes.Included within that figure is $1.33 billion in losses relating to Hurricanes Harvey,...
Oct 11 2017 // Arch Capital Group Ltd. has announced a number of senior management changes in its worldwide reinsurance group.Jerome Halgan, currently the president and chief executive officer of Arch Reinsurance Co. in the U.S., has...
Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.tBelow are...