All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 15 2016 // The state pressed on for more than a decade with civil fraud claims against a 91-year-old former chief executive of insurance company American International Group Inc. as a warning to other executives that wrongdoing...
Sep 15 2016 // Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson.The brokers need to cut profit...
Sep 14 2016 // Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked well to compensate for low investment yields and soft...
Sep 14 2016 // It’s a day of reckoning — or the moment of truth — for former American International Group Inc. head Maurice “Hank” Greenberg.More than 11 years after he was sued by former New York Attorney...
Sep 14 2016 // In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse years of falling prices.Companies including Munich Re AG and Swiss Re AG are...
Sep 13 2016 // Total global reinsurer capital, which comprises capital both from the traditional and alternative markets, rose by four percent to a record USD585 billion over the six months to June 30, 2016, reinsurance intermediary Aon...
Sep 13 2016 // Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017, in addition to expanding its fully-fronted ILS fund structures.The expanded ILS...
Sep 13 2016 // It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand.Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de Septembre in...
Sep 13 2016 // Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as healthier firms seek growth and efficiency savings, according to Fitch...
Sep 12 2016 // Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer...
Sep 12 2016 // Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few hundred million dollars in premium on a list extracted from an A.M. Best analysis.The rating agency’s special...
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Sep 9 2016 // London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations.BMS, which is the broking arm of Minova Insurance, acquired Advocate...
Sep 9 2016 // Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting.The...
Sep 9 2016 // Even at 91, former American International Group Inc. Chairman Maurice “Hank” Greenberg isn’t ready to quit fighting.Greenberg scrapped with regulators and the Internal Revenue Service and beat the federal...
Sep 8 2016 // The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected...
Sep 8 2016 // Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new...
Sep 7 2016 // Reinsurance premiums are likely to continue to fall next year, ratings agencies said on Tuesday, following years of weaker prices due to competition in the sector and a lack of natural catastrophe losses.Reinsurers act as...
Sep 7 2016 // A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time.“Our rating outlook remains longer-term than our typical...
Sep 6 2016 // Reinsurers’ profits will soon drop below their cost of capital* and could remain there until the underwriting and/or investment cycles turn, according to Standard & Poor’s in a new report.S&P attributed...