All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 6 2015 // Bermuda-headquartered Aspen Insurance Holdings Limited reported net income after tax of $67.2 million, or $0.90 diluted net income per share, for the fourth quarter of 2014. This compares to net income after tax of $90.0...
Feb 6 2015 // Europe’s 20 largest cedants are benefiting from lower reinsurance rates and stronger bargaining power, resulting from a trend that saw increasing centralized reinsurance purchasing at a group level. A new report from...
Feb 5 2015 // Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments and goodwill impairments.Net income fell to about 700 million euros ($794...
Feb 4 2015 // Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.The growth of...
Jan 28 2015 // The Bermuda Stock Exchange (BSX) has issued a lengthy defense of its primary position as the “domicile of choice” for insurance linked securities (ILS); pointing out that 57 percent of such securities issued in...
Jan 27 2015 // The creation of one of the world’s largest reinsurers in an all-stock merger paves the way for more deals.AXIS Capital Holdings Ltd. and PartnerRe Ltd.’s combination without taking on debt will leave the new...
Jan 27 2015 // Insurance deal making is heating up as companies embrace a bigger-is-better philosophy.AXIS Capital Holdings Ltd.’s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of $11 billion,...
Jan 26 2015 // The African Union’s African Risk Capacity’s affiliated mutual insurance company, ARC Ltd, is set to make claim payouts of more than $25 million to three of its member states belonging to its catastrophe...
Jan 26 2015 // AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry.PartnerRe shareholders...
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Jan 22 2015 // The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter.Travelers said...
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Jan 21 2015 // Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary.Shane Haverstick, senior vice president of...
Jan 21 2015 // Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said.“Our assessments show that rates in some...
Jan 20 2015 // Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and...
Jan 14 2015 // Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain...
Jan 12 2015 // While casualty insurance rates are stable and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. Following are 10...
Jan 9 2015 // Partner Reinsurance Asia Pte. Ltd., a wholly owned subsidiary of PartnerRe Ltd., has been licensed by the Monetary Authority of Singapore to operate as a non-life and life reinsurer, capitalized in Singapore, according to...
Jan 8 2015 // Qatar Re announced the appointment of Alastair Speare-Cole as Chief Underwriting Officer, effective, January 12, 2015. He joins from JLT Re, the world’s fourth largest reinsurance broker, where he served as CEO since...
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends.According to Guy...