All the headlines from our Reinsurance Topic Page, ordered by recency.
Nov 16 2016 // Zurich Insurance Group’s re-underwriting program is starting to bear fruit – as evidenced by the company’s improved third-quarter results – but Group CFO George Quinn readily admits there is still work to...
Nov 16 2016 // Beazley, a provider of specialist reinsurance, has added Stephan Vieira as a reinsurance underwriter in its Specialty Surety Treaty unit, providing treaty and facultative reinsurance for surety and ancillary...
Nov 14 2016 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance...
Nov 14 2016 // Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily...
Nov 10 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co.The annual survey polled executives from insurance and reinsurance...
Nov 9 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR an “R2 authorization,” which allows the group to open a composite branch office in India to conduct life and P/C reinsurance...
Nov 7 2016 // Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent.While General Re reported an increase...
Nov 7 2016 // Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India.The decision means that the...
Nov 4 2016 // David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could minimize injuries, he...
Nov 4 2016 // Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn’t moved fast enough for A.M. Best, which slapped it with credit ratings downgrades.A.M. Best...
Nov 2 2016 // Capsicum Re, the London-based specialist reinsurance broker, announce it has hired Marcio Ribeiro and Júlia Nunes to Capsicum Re Latin America Brazil.Ribeiro is head of the facultative division and is based in Sao Paulo;...
Oct 27 2016 // Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model.All of the new appointments are effective as of Jan. 1, 2017. The new...
Oct 25 2016 // E+S Rück, Hannover Re Group’s German subsidiary, expects to see premium growth in the German market for the upcoming treaty renewals on January 1, 2017. Along with motor insurance, growth will likely be driven in...
Oct 24 2016 // Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of...
Oct 24 2016 // Data firm Verisk Analytics Inc. said it has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013.Terms of the deal were not disclosed....
Oct 21 2016 // Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors.Somerset Re provides customized...
Oct 21 2016 // PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America.PartnerRe agreed to pay C$375 million ($284 million) in a deal...
Oct 18 2016 // A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively...
Oct 10 2016 // Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP).The formation of IFTRIP is the...
Oct 10 2016 // Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in...