Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Aug 17 2023 // Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils.The managing general agent, which “operates at the...

Demex Raises $5M to Bolster Its Stop-Loss Reinsurance Solutions for Secondary Perils

Aug 16 2023 // The Demex Group, the Washington, D.C.-based managing general agent (MGA) that offers stop-loss protection for secondary perils, announced it has raised $5 million from a syndicate of existing and new investors, led by Blue...

Re/insurance Broker Consilium Granted License in Cayman Islands

Aug 2 2023 // Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority (CIMA). Consilium’s focus in the region will be in the financial and...

People Moves: Everest Insurance Int’l Taps Brionne and Benson From Chubb, Promotes Mah; SiriusPoint Hires TMK’s Kattan as Global Head of Ceded Reinsurance

Jul 28 2023 // This edition of International People Moves details appointments at Everest Insurance International and SiriusPoint.A summary of these new hires follows here. Everest Insurance Int’l Taps Chubb’s Brionne,...

Reinsurance Execs From Convex, Swiss Re Set Pacific Record in World’s Toughest Row

Jul 24 2023 // Reinsurance executives from Convex Group Ltd. and Swiss Re completed The World’s Toughest Row, a race from California to Hawaii, breaking a world record as the fastest mixed-gender crew in history to complete the...

Reinsurance Broker, Augment, Launches With Access to $100M in Funding

Jul 17 2023 // Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners.Over the last decade, the global reinsurance market has been...

Why the Investor-Driven Hard Reinsurance Market Will Persist

Jul 17 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said.Kevin O’Donnell, president and...

Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023?

Jul 14 2023 // While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry...

People Moves: Canopius Taps Former AXA XL Exec Cooper as Head of Reinsurance & Bermuda CEO; AXIS Re International Appoints Chubb’s Kent as President

Jul 13 2023 // This edition of International People Moves details appointments at Canopius and AXIS Capital Holdings.A summary of these new hires follows here. Canopius Taps Former AXA XL Exec Cooper as Head of Reinsurance & Bermuda...

People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance

Jul 12 2023 // This edition of International People Moves details appointments at Aon and Zurich Insurance.A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance SolutionsInsurance broker Aon plc outlined the new...

AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources

Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter.French...

Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals

Jul 6 2023 // Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while...

SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

Jul 3 2023 // SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is...

People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice

Jun 30 2023 // This edition of International People Moves details appointments at brokers Aon and NFP.A summary of these new hires follows here. Aon Promotes 4 in Global Reinsurance Clients TeamInsurance broker Aon plc announced a series...

Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024

Jun 29 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said.Kevin O’Donnell, president and...

Brégier Appointed Chairman of Board at French Reinsurer SCOR

Jun 26 2023 // SCOR’s Board of Directors, which met on June 25, 2023, has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect.This decision was made on the unanimous recommendation of...

Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery

Jun 21 2023 // Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction.As part of the UK-Ukraine Private Finance...

Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’

Jun 15 2023 // Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of the “World’s Toughest Row – Pacific.” It’s all for charity – and, of...

People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance

Jun 13 2023 // This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings.A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global...

Russian President Putin Signs Law Creating Eurasian Reinsurance Company

Jun 9 2023 // The Kremlin announced that Russian President Vladimir Putin has signed a law to ratify the creation of the Eurasian Reinsurance Co.The Eurasian Economic Union (EAEU) agreed in October 2022 to form the company, which is...