All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 3 2015 // Brazil’s government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two people with direct...
Jun 2 2015 // Slipcase.com (formerly My Slipcase) announced that it has received nearly £1 million ($1.524 million) in technology investment from putitout, a UK software provider. Slipcase was founded in 2012 to create a “central...
Jun 2 2015 // General Insurance Corporation of India (GIC Re), the sole Indian Reinsurer, announced that it has earned a profit before tax of $455 million during the year 2014-15 with a growth of 22.75 percent. The profit after tax...
Jun 1 2015 // A special report from A.M. Best notes that “for publicly traded reinsurance companies, stock prices ended the first quarter of 2015 well above the overall market, driven by the continued benign loss environment and...
Jun 1 2015 // Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane strike will change that.While Florida’s property insurance market has stabilized somewhat since...
May 27 2015 // Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industryXuber, Xchanging’s insurance software business, recently released its second...
May 27 2015 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Jerome Faure will step down from the position of chief executive officer, Global...
May 26 2015 // Global reinsurer SCOR has appointed Spencer Alridge as Group chief compliance officer of the company’s Central Group Functions. Alridge will report to Romain Launay, general secretary, as of June 1. He will be based...
May 21 2015 // London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At...
May 21 2015 // Darius Kumana leads a new team with a new mission that aims to bring the re/insurance industry into the 21st century. He recently joined Markel International in London as head of IT and Digital Strategy – specialties...
May 20 2015 // PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.”“While we believe that...
May 19 2015 // A proposal to bar insurers from claiming a tax deduction for premiums ceded to offshore affiliates would cost the U.S. economy $1.35 billion in gross domestic product, with private sector losses estimated to run roughly...
May 19 2015 // The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’ value.Montpelier Re Holdings Ltd. and Platinum Underwriters...
May 19 2015 // Bermuda-based Arch Reinsurance Ltd., a member of Arch Capital Group Ltd., has completed the acquisition of Gulf Reinsurance Ltd.Gulf Re, a specialty reinsurer based in the Dubai International Financial Centre, was founded...
May 18 2015 // With the long journey towards a unified regulatory system for insurance in the European Union – Solvency II – finally appearing to be near its end, the re/insurance industry has realized that even greater...
May 14 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss...
May 14 2015 // Fitch Ratings has upgraded the rating on the following senior secured bonds of the Citizens Property Insurance Corp., FL, PLA/CLA to ‘AA-‘ from ‘A+’:–$1.1 billion series 2012A-1; –$200...
May 13 2015 // The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars and CNH tractors if their $6.8 billion bid for reinsurer PartnerRe Ltd. is...
May 12 2015 // EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome a rival offer from AXIS Capital Holdings Ltd.EXOR, the investment vehicle of Italy’s billionaire Agnelli...
May 12 2015 // A new sigma report –”M&A in insurance: start of a new wave?” – from Swiss Re points out that “merger and acquisition (M&A) activity in the insurance industry is rising although the number...