All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 21 2015 // According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three...
Oct 21 2015 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc announced the appointment of Sergio Rivera Jiménez as CEO of Aon Benfield Colombia, effective immediately.He reports to Alejandro Galizia,...
Oct 20 2015 // Swiss Re announced that Urs Baertschi has been appointed to the new position of President of Reinsurance, Latin America, effective January 1, 2016. He will have overall responsibility for Swiss Re’s reinsurance...
Oct 19 2015 // The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess...
Oct 19 2015 // In a nation founded on a system of checks and balances – House against Senate, Supreme Court versus the Presidency – gridlock can be a fact of life, especially in peacetime. But in a time of real trouble from...
Oct 19 2015 // The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual...
Oct 15 2015 // Bermuda-headquartered Hiscox Re’s insurance linked securities (ILS) operation, Kiskadee Investment Managers, announced that Andrew Hughes will assume the role of ILS chief compliance officer and general counsel,...
Oct 14 2015 // Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities.GC Securities, the capital...
Oct 14 2015 // Hamilton USA CEO Conan Ward has resigned less then two years after taking on the job to develop Bermuda-based parent company Hamilton Insurance Group’s U.S. operations, Carrier Management has reported.Hamilton...
Oct 14 2015 // W. R. Berkley Corp. announced it has launched a business unit dedicated to writing South African business. The new unit, which will report to Berkley Re UK, will provide treaty service to both insurers and brokers in the...
Oct 9 2015 // The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual...
Oct 8 2015 // Catalina Holdings (Bermuda) Ltd. announced its wholly owned Swiss subsidiary, Glacier Reinsurance AG, has signed a definitive agreement to acquire Allianz Suisse Ruckversicherungs-Gesellschaft AG from Allianz SE.Allianz...
Oct 7 2015 // Validus Re, the reinsurance division of Bermuda-based Validus Holdings Ltd., has appointed Jorge Beltran as executive vice president, head of Treaty, for Validus Reaseguros Inc.In this new role, Beltran will be responsible...
Oct 6 2015 // It’s a tough time for reinsurers — “pricing is soft, regulators continue to raise the bar, capital is at record highs, competition is increasing, and reinsurers are constantly looking for ways to remain...
Oct 5 2015 // Fitch published a list of key takeaways from last month’s reinsurance Rendez-Vous in Monte Carlo, where some of the major trends affecting the industry were discussed: mergers and acquisitions, alternative capital,...
Sep 30 2015 // Contamination from chemicals is likely to increase the cost to insurers of last month’s blasts in the Chinese port of Tianjin, costs which are already expected to exceed $3 billion, insurance specialists say.While...
Sep 29 2015 // Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Munich Re after lamenting a slump in the reinsurance business.Berkshire’s holding was lowered to 9.7 percent from about 12 percent, Munich Re said...
Sep 29 2015 // John Elkann, the leader of Italy’s billionaire Agnelli family, has a way of preparing his relatives for a big takeover battle that you won’t see at your everyday company.In June, he gathered two branches of the...
Sep 29 2015 // Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of...
Sep 24 2015 // The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance.The...