All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 22 2017 // The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures.Both sides announced in July their intention to sign the...
Sep 22 2017 // A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global...
Sep 22 2017 // Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said.State-owned RNRC was set up mainly...
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Sep 21 2017 // Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note.This earthquake led to dozens of deaths and the toppling...
Sep 21 2017 // Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings.The ratings agency said these losses will...
Sep 20 2017 // Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to hit the region in two weeks, according to ratings agency A.M. Best.Hurricane Maria...
Sep 20 2017 // Arch Capital Group Ltd. announced that Nicolas Papadopoulo will become chairman and CEO of Arch Worldwide Insurance Group and chief underwriting pfficer for Property & Casualty operations.Papadopoulo, who joined Arch...
Sep 19 2017 // Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Minesh Jani as chief executive of Middle East North America (MENA), India and Indian sub-continent. Jani brings two decades of...
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey.In related analysis, a new Morgan Stanley report...
Sep 18 2017 // Although insured losses as a result of Hurricane Irma will not be as severe as originally forecast, the storm still represents a sizeable catastrophe event that will test the infrastructure and potentially strain the...
Sep 18 2017 // As Hurricane Irma battered Florida, the cream of the insurance world — gathered in Monte Carlo — was assessing the costs of the storm for the global industry.The takeaway so far: Irma and its predecessor,...
Sep 14 2017 // Fitch Ratings reported that based on its initial assessments, most U.S. insurance companies and global reinsurers that it rates are not expected to be downgraded as a result of the combined effects of Hurricanes Irma and...
Sep 14 2017 // The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution.Unveiled this...
Sep 13 2017 // Pay-per-mile personal auto insurer Metromile announced a partnership with global reinsurance broker JLT Re for a risk transfer and unique reinsurance agreement. Hudson Bermuda led this reinsurance agreement which also...
Sep 12 2017 // A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re.Indeed, the report points to close collaboration between...
Sep 11 2017 // Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire.Giant reinsurers like Swiss Re and Munich Re, which shoulder risks for local insurers...
Sep 11 2017 // Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings.On Friday, Fitch Ratings noted...
Sep 10 2017 // As Hurricane Irma battered Florida on Sunday, the cream of the insurance world — gathered under the Mediterranean sun in Monte Carlo — was assessing the costs of the storm for the global industry.The takeaway...
Sep 7 2017 // Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the...