Latest Reinsurance Headlines

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

SNL’s Top 15 Reinsurers: M&A Fails to Push Europeans Out of Leader Spots

Jul 13 2015 // SNL Financial published a list of the top 15 global reinsurers last week, showing the major European reinsurers in the top four spots.The ranking is based on 2014 assumed reinsurance premiums for both non-life and life...

Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.

Jul 13 2015 // Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*.In addition, Aubert was named LIIBA...

PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer

Jul 13 2015 // PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger.The two...

Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’

Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...

Cooper Gay Swett & Crawford Appoints Padilla Gen’l Manager-Parts of Lat. Am.

Jul 9 2015 // Independent wholesale broker Cooper Gay Swett & Crawford (CGSC) has appointed Alejandro Padilla as General Manager and Head of Broking for Mexico, Central America, Puerto Rico and the Dominican Republic, effective...

AXIS & PartnerRe Consider Sweetening $6.2B Merger Agreement: Sources

Jul 9 2015 // Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people familiar with the matter...

PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan

Jul 6 2015 // PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s...

‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes

Jul 6 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...

Willis 1st View Reinsurance Report on Pricing Finds some Stabilization

Jul 2 2015 // According to the latest 1st View Renewals Report from Willis Re, the relentless “period of rate reductions” in reinsurance pricing shows signs of softening with “early signs” of price stabilization...

Reinsurance Industry Faces Uncertain Future as Time Moves On

Jul 2 2015 // It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until...

ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author

Jul 1 2015 // Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance...

Texas Court Denies Insurer’s Reinsurance Tax Break Argument

Jun 29 2015 // A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t...

How Terrorism Reinsurance Law Uncertainty Affected Market

Jun 29 2015 // After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior,...

Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author

Jun 26 2015 // First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale...

Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill

Jun 26 2015 // The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore...

Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker

Jun 25 2015 // Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker.Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this...

‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes

Jun 24 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...

ThoughtWorks Provides New Thinking for Insurers’ Software Needs

Jun 24 2015 // Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of...

Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting

Jun 23 2015 // Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the...

Amlin Appoints Few as Global Managing Director of Reinsurance

Jun 22 2015 // London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval.He will be supported by Christian Bieri, who continues to lead...