All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Jan 4 2016 // Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on...
Jan 4 2016 // Despite the signs of some pricing stabilization in property catastrophe during the June/July 2015 renewals, hopeful forecasts for a “softening in the softening” in reinsurance pricing have proved elusive,...
Dec 30 2015 // “We think the time is right for you all to explore the [Florida] flood insurance market.”That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood...
Dec 30 2015 // The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota.All interested parties are invited to submit written comments in connection with this...
Dec 22 2015 // A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory...
Dec 21 2015 // It was another busy year for the Florida Office of Insurance Regulation (OIR). From conducting the annual property/casualty data call and subsequent stress test of Florida property insurers, to working on the depopulation...
Dec 21 2015 // A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions...
Dec 18 2015 // UK-based JBA Risk Management, a global provider of flood modelling services for insurers, reinsurers, and property or asset managers, announced the release of its “high resolution, multi-peril flood model of the UK...
Dec 16 2015 // The shorts are targeting one of Wall Street’s best known short sellers.Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company’s losses climbed. Short...
Dec 14 2015 // Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market.The holding was trimmed to 4.6 percent from 9.7...
Dec 4 2015 // UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd.Aligned Re Ltd. is expected...
Dec 3 2015 // XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty...
Dec 2 2015 // Weston Hicks’s Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett’s Berkshire Hathaway Inc. for policies that date back...
Dec 2 2015 // Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China)...
Dec 1 2015 // Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re, a specialist African-focused reinsurer, to target facultative reinsurance...
Nov 30 2015 // A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook...
Nov 25 2015 // The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according to Swiss Re’s latest publication titled “Global insurance review 2015...
Nov 24 2015 // Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in New York.The carnage in...
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...