All the headlines from our Reinsurance Topic Page, ordered by recency.
May 16 2017 // Big “I” Virtual University Director Christopher “Chris” J. Boggs has received a prestigious award in London for a paper he and a group of industry professionals authored about the disconnect between...
May 15 2017 // Gen Re has received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai ( known as R3 authorization).The branch structure will now allow Gen Re to deliver...
May 12 2017 // Louisiana already has some of the highest property insurance rates in the nation. But they could creep higher still—an estimated $1.11 billion higher over the next decade—should congressional tax-reform efforts limit...
May 12 2017 // A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor’s said in a new...
May 10 2017 // Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance...
May 10 2017 // Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims.Munich Re reported consolidated first quarter...
May 8 2017 // Charles Munger, the vice chairman of Warren Buffett’s Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and also the chance for...
May 4 2017 // Swiss Re reported net income of US$656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year.Swiss Re’s Q1 result was hammered by expected claims from...
May 2 2017 // Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance.Fidelis said it will be providing investment and...
May 1 2017 // Newark, Calif.-based RMS announced that Latin America reinsurer Reaseguradora Patria (Patria Re) has licensed its full range of models and analytical services for Latin America and the Caribbean.These regions have a high...
Apr 28 2017 // Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re.That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits,...
Apr 24 2017 // Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT Specialty...
Apr 20 2017 // Grinnell Re, a division of Grinnell, Iowa-based Grinnell Mutual, has launched a new team, National Reinsurance. Rick Tjarks, assistant vice president, and Randy Dammeyer, senior account executive, have been chosen to lead...
Apr 20 2017 // As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according...
Apr 13 2017 // Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices...
Apr 12 2017 // David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd.Govrin brings 25 years of experience in the insurance industry to his new role. Prior to...
Apr 12 2017 // AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re.In addition to...
Apr 7 2017 // With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1 renewals.During...
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting.Lloyd’s India...
Mar 31 2017 // Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are...