All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 21 2017 // Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin.Gibson is responsible for developing Neon’s outwards reinsurance program and third...
Jul 19 2017 // Specialty insurance managing general agent Nexus Group said it has acquired the assets of Personal Accident Treaty Reinsurance MGA operated by ZON Re, a U.S. based treaty reinsurance managing underwriter and Lloyd’s...
Jul 19 2017 // Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin.Gibson is responsible for developing Neon’s outwards reinsurance program and third...
Jul 18 2017 // Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the...
Jul 18 2017 // Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday.In addition, some $21.5...
Jul 17 2017 // The U.S. Treasury Department and the Office of the U.S. Trade Representative said they will sign the bilateral agreement between the United States and the European Union regarding regulation of insurance and reinsurance.In...
Jul 14 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd’s managing agent after receiving authorization from Lloyd’s, the UK Prudential Regulation Authority (PRA) and the Financial Conduct...
Jul 13 2017 // Californians would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a study issued today by the R Street Institute and the Pacific Research...
Jul 13 2017 // Chubb Ltd. announced it has named Ross Bertossi vice president of Global Underwriting for Chubb Group. He succeeds Jacques Bonneau who announced his retirement.Bertossi will have responsibility for advancing underwriting...
Jul 12 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and...
Jul 11 2017 // Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent report.Indeed, underlying loss and expense ratios for...
Jul 7 2017 // Hoping to reassure stakeholders that the company is “well insulated from any potential reserve volatility in the future,” specialty insurer AmTrust Financial Services Inc. has entered into an agreement for a...
Jul 6 2017 // Willis Re announced that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his position as global CEO in December 2017.Kent joined Willis Re in 2004 and has served as the global...
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London.“The US$604 million transaction adds scale and breadth to the international...
Jun 30 2017 // QBE Chile Seguros Generales S.A. has completed a management buyout by purchasing the company in May 2017 from QBE Latin America Insurance Holdings.Financial details of the transaction were not disclosed. Following the...
Jun 23 2017 // The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor’s said in a new...
Jun 19 2017 // Arch Reinsurance Co. announced that François Dagneau will be appointed to the position of chief executive officer of the Arch Reinsurance Co. Canada Branch in June. Dagneau will replace Patrick McGuiness, who is retiring...
Jun 19 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Jun 19 2017 // The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season after once again securing $4.9 billion in total funding.TWIA is the insurance carrier of last resort for...
Jun 15 2017 // House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do.The...