updated Sat. March 23, 2024
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Reinsurance News
April 26, 2018
SCOR Global P&C recorded a 3.9% increase in premiums underwritten at constant exchange rates, with growth coming from reinsurance treaties in the United States and SCOR Business Solutions, while the life business recorded a 14.7% increase, thanks to growth in the Asia-Pacific region and FinancialÃâà...
MacIverInstitute
April 26, 2018
Up this week: Why Gov. Walker's reinsurance plan, recently submitted for federal approval, is another expensive sign that Obamacare has failed on its promise of making health care more affordable. That and a liberal “raise my taxes please” protest that was a total flop and the corporate bailout scheme that just won't die.
Intelligent Insurer
April 26, 2018
WR Berkley CEO Rob Berkley said during the first quarter 2018 results conference call that the situation in the reinsurance sector remains tough but that it is a core business for the firm while he currently sees better growth opportunities in the primary segment. Berkley said that he does not understand whyÃâà...
Reinsurance News
April 26, 2018
In announcing its first-quarter 2018 results yesterday, Bermudian insurance and reinsurance group AXIS Capital Holdings Limited revealed a new enterprise-wide transformation initiative that began earlier this year, with the goal of making the company “future ready”. AXIS Capital logo AXIS' results show aÃâà...
Insurance News Net
April 25, 2018
Louisiana's health insurance market for individuals has been plagued in recent years by insurers fleeing the market and double-digit rate increases - prompting a proposed fix that would tack a fee on policies across the state to create a safety net against insurers' losses and hold the line on runawayÃâà...
Seeking Alpha
April 25, 2018
Alternative reinsurance capital was once again largely responsible for the expansion of global reinsurance capacity in 2017, as insurance-linked capacity grew 17% to $88 billion by the end of the year, outpacing traditional reinsurance capital significantly, according to Willis Re. The result is a globalÃâà...
Reinsurance News
April 18, 2018
Cooley's London-based partner and head of the company's insurance and reinsurance group, Mark Everiss, commented: “Heidi and Greg add another arm and greater depth to our cross-border insurance practice, including in insurtech. It is rare to find such well-developed litigation, regulatory and advisoryÃâà...
Reinsurance News
April 18, 2018
Moody's also claims that rising interest rates will support reinsurance price increases for property-catastrophe business, as alternative capital investors will likely demand increased pricing on the insurance risk they assume in response to increased return expectations. Finally, Moody's expects reinsurers'Ãâà...
Baltimore Business Journal
April 18, 2018
The most surprising development in Maryland this month wasn't a snowstorm but the fact that the General Assembly and Gov. Larry Hogan put politics aside to pass a law that will rescue the state's entrepreneurs and small business employees from skyrocketing health care costs. Maryland lawmakers justÃâà...
Reinsurance News
April 18, 2018
The parties revealed that the transaction is comprised of a $35 million quota reinsurance arrangement between the life insurer subsidiary of St Andrew's and an undisclosed major global reinsurer, while the remaining costs will be funded through $10 million in cash and $20 million in new debt. AdditionallyÃâà...
Intelligent Insurer
April 18, 2018
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has appointed AIG's Megan Thomas as chief underwriting officer, responsible for product and portfolio management within AXIS Re. Thomas will be based in New York and will join the reinsurance leadership team, reporting directlyÃâà...
Reinsurance News
April 18, 2018
As the re/insurance industry modernises the customer experience through the integration of new technologies, these efforts also introduce new ... cyber, focus on coverage limits and aggregation risks from industries is critical, and policies must carefully establish risk appetites, controls, and reinsurance.
Reinsurance News
April 18, 2018
Thomas, commented on her new role: “I'm excited to join AXIS Re during this pivotal time as the business cements a leadership position in the reinsurance space. I believe in the vision and capabilities and I'm looking forward to being part of a strong team and an organization that shares my passion for bothÃâà...
Artemis.bm
April 16, 2018
This is USAA's 31st securitization of insurance risk as a catastrophe bond, further extending the insurers use of the capital markets and ILS investors as a source of collateralized reinsurance capacity. USAA returns with a new special purpose insurer Residential Reinsurance 2018 Limited, which will seek to issue $175Ãâà...
Maryland Daily Record
April 13, 2018
Md. health exchange to vote on reinsurance Monday. By: Tim Curtis Daily Record Business Reporter April 13, 2018. The board of the Maryland Health Benefit Exchange will vote at its meeting Monday on pursuing a reinsurance waiver. Complete access to news articles on this website is available to Daily RecordÃâà...
Trading Risk
April 13, 2018
Mark James has joined CNA as reinsurance buyer after leaving his position as deputy chief ceded reinsurance officer at AIG. James takes the position of senior vice president for global reinsurance and will officially join the carrier on 23 April. He will be responsible for the insurer's reinsurance strategiesÃâà...
The Insurance Insider
April 12, 2018
CNA has unveiled Mark James as its new reinsurance buyer, reporting to chief underwriting officer Doug Worman. James takes the position of senior vice president for global reinsurance and will officially join the carrier on 23 April. He will be responsible for the insurer's reinsurance strategies andÃâà...
Reinsurance News
April 12, 2018
The interest of the tech community has driven a new focus on improving the customer experience in insurance and reinsurance, something that has historically been poor and now start-ups have identified the delivery, servicing and all-important relationship in re/insurance as the areas that can be mostÃâà...
Insurance Journal
April 12, 2018
CNA reports that Mark James will join the company as senior vice president for Global Reinsurance. He will be responsible for CNA's reinsurance strategies and purchasing around the globe. James has more than 15 years of experience in the reinsurance space. He joins CNA from American InternationalÃâà...
Mainebiz
April 11, 2018
According to an article in The Actuary, Maine's brief pre-ACA effort to pool high-risk individuals involved a variation involving "high-risk reinsurance pools" in which high-risk individuals remained in the commercial market, but behind the scenes, with insurance carriers ceding all or part of their risk exposureÃâà...
The Pew Charitable Trusts (blog)
April 8, 2018
The Minnesota Legislature offered a solution: a $271 million, publicly funded reinsurance pool that would help health insurance companies pay the most expensive medical claims, thereby lowering overall insurance premiums. The hope was that backstopping the insurers would stabilize the market andÃâà...
Wisconsin Public Radio News
April 5, 2018
In an effort to prevent future sticker shock for those buying their own health insurance, Gov. Scott Walker hopes to shore up the Affordable Care Act, a law he and other Republicans oppose, by asking the federal government for a waiver for a reinsurance program. Consumers will start shopping for 2019Ãâà...
Artemis.bm (blog)
April 4, 2018
Swiss Re is bullish about the possibilities for the reinsurance market, saying this morning that, “The current outlook for the re/insurance industry remains positive as the market environment continues to improve. Increasing prices are expected to be particularly beneficial for Property & Casualty ReinsuranceÃâà...
Insurance Journal
April 4, 2018
Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report. Pricing was dampened by the continued amounts of plentiful capacity from both traditional reinsurers asÃâà...
Reinsurance News
March 29, 2018
PwC has reported that 85% of Chief Executive Officers (CEO) in the re/insurance industry have expressed concern over the pace of technological change, a higher proportion than leaders in almost any other industry. Fintech image via George Washington University 100 re/insurance CEOs participated inÃâà...
Reinsurance News
March 29, 2018
... at its options for the Chaucer international specialty underwriting business at Lloyd's, where it underwrites a range of insurance and reinsurance lines, ... valuations for re/insurance M&A deals currently high, it's possible The Hanover sees a timely opportunity to consider any approaches that are made.
Reinsurance News
March 29, 2018
We'd say relatively high under the current circumstances of a reinsurance market awash with merger activity and rumours. Sealing a deal that could be transformative with a major backer may position Swiss Re ahead of the curve and also free it from needing to consider M&A options that might have beenÃâà...
Lexology
March 29, 2018
The first instance decision in this case was reported in Weekly Update 40/17. The reinsurance contract entered into by the parties contained an arbitration agreement which provided that "unless the parties otherwise agree, the arbitration tribunal shall consist of persons with not less than ten years'Ãâà...
Inside Health Policy
March 29, 2018
Legislation that lets Maryland place a 2.75 percent tax on issuers in order to fund a reinsurance program and restricts short-term and association health plans could be ready for the governor's signature by the end of the week, bill sponsor Sen. Thomas Middleton (D) tells Inside Health Policy . MiddletonÃâà...
Seeking Alpha
March 29, 2018
Prudential Financial (NYSE:PRU) and Pension Insurance Corporation (PIC) have joined forces to broaden pension de-risking for smaller pension schemes, by expediting the availability of longevity reinsurance through a flow arrangement, that sees Prudential providing guaranteed capacity to back PIC'sÃâà...
Reinsurance News
March 28, 2018
Emerging technologies and innovative business models are already disrupting the re/insurance industry and bringing many advantages in terms of product design, risk assessment, cost, and efficiency, but InsurTech may also be increasing the risk of cyber-attacks and excluding lower income and higherÃâà...
Economic Times
March 28, 2018
NEW DELHI: ETechAces Marketing and Consulting, which owns and operates online insurance policy aggregator PolicyBazaar, has begun discussions to make its first acquisition, believed to be in the reinsurance space, even as it continues negotiations to raise its next round of capital from JapaneseÃâà...
Artemis.bm (blog)
March 28, 2018
Prudential Financial and Pension Insurance Corporation (PIC) have joined forces to bring longevity risk transfer to smaller pension schemes, by expediting the availability of longevity reinsurance through a flow arrangement, that sees Prudential providing guaranteed capacity to back PIC's pension riskÃâà...
Reinsurance News
March 21, 2018
The Lloyd's of London insurance and reinsurance market fell to a Ãâã2 billion pre-tax aggregated loss across the market in 2017, due to the impact of the major catastrophe loss events. Lloyd's of London insurance and reinsurance market This compares to a pre-tax profit of Ãâã2.1 billion achieved in the moreÃâà...
Artemis.bm (blog)
March 21, 2018
Cooper explains in the letter that the impending acquisition of XL by AXA, which is expected to be completed in the second-half of 2018, will not result in considerable changes for the reinsurance business. He explains that, compared to the integration of Catlin and the creation of the XL Catlin brand, “TheÃâà...
Reinsurance News
March 21, 2018
Alliant Insurance Services has announced that Rose Calpin-Dewey has been appointed First Vice President of the firm's Energy and Marine Group. Rose Calpin-Dewey Based in Alliant's Houston office, Calpin-Dewey will be responsible for providing insurance and risk advisory services to the re/insuranceÃâà...
Macon Daily
March 21, 2018
Third Point Reinsurance logo BlackRock Inc. grew its position in shares of Third Point Reinsurance Ltd (NYSE:TPRE) by 28.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,935,594 shares of the insurance provider's stockÃâà...
Reinsurance News
March 21, 2018
Doha Insurance Group (DIG) revealed plans to open representative offices in London and Beirut to underwrite reinsurance business including energy risks, life, and medical insurance, according to company chairman Sheikh Nawaf bin Nasser bin Khaled al-Thani, the Gulf Times reported. At the recent LaÃâà...
Reinsurance News
March 21, 2018
2018 could be the year where re/insurance industry disruption from technology giants becomes a reality as new entrants such as Amazon and Google threaten established models, heaping further pressure on traditional insurers, according to Clyde & Co's Insurance Growth Report. To remain relevant inÃâà...
ModernHealthcare.com
March 20, 2018
... provider and patient groups ranging from America's Health Insurance Plans to the American Medical Association, American Hospital Association and Federation of American Hospitals signed onto a letter this weekend urging Congress to pass a stabilization measure that includes CSRs and reinsurance.
Artemis.bm (blog)
March 20, 2018
In fact a rolling two-year aggregate cat bond could be an interesting structure for the EQC to consider, should it look to the capital markets for reinsurance as its liability cap exposure rises. The increase to the cap limit for EQC residential building cover is expected to come into force on July 1st 2019, so theÃâà...
Artemis.bm (blog)
March 20, 2018
The broker said that the expansion of responsibilities and resulting new management structure of its Bermuda reinsurance team will optimise what it sees as increasing opportunities for clients and markets to deploy their capital and expertise on the island. Matthias Meyenhofer will join the broker as ChiefÃâà...
Artemis.bm (blog)
March 19, 2018
Krishnan will be based in Singapore and the CEO, Asia Treaty role will see him responsible for building out JLT Re's treaty reinsurance offering in the ASEAN nations and South Korea. Mike Reynolds, Global CEO of JLT Re, commented on the hire, “We are pleased to announce the appointment of VinodÃâà...
Artemis.bm (blog)
March 12, 2018
Florida headquartered property and casualty insurer Heritage Insurance Holdings, Inc. said it has received quotes for its mid-year reinsurance renewals at flat rate levels, compared with a year ago, as markets show an appreciation for its low loss adjustment expenses and multi-year program that is alreadyÃâà...
Reinsurance News
March 12, 2018
Global reinsurance giant Swiss Re has supported the development of an innovative new parametric insurance solution designed to help the conservation of the Mesoamerican Reef, which includes protecting the coral reef and beach sand against the impacts of major hurricanes. Coral reef The newÃâà...
Reinsurance News
March 12, 2018
Sava Re, a leading Slovenian re/insurer, has announced that it has acquired the majority shareholding in rival insurer Energoprojekt Garant a.d., Begrade for an undisclosed sum. sava-re-logo Parent company Energoprojekt Holding a.d., Belgrade offered to sell Slava Re 93% of the shares in its insuranceÃâà...
Reinsurance News
March 12, 2018
Insurance Europe has expressed support for the European Commission's Action Plan, which focuses on using insurance and investments to finance growth in support of the Commission's objectives of promoting a more sustainable world. Insurance Europe Olav Jones, deputy director general of InsuranceÃâà...
Intelligent Insurer
March 12, 2018
AM Best has removed New Zealand's Tower Insurance from under review with negative implications after a capital raise and a settlement agreement with Peak Re. AM Best had placed the ratings of Tower Insurance under review with negative implications on Aug. 16, 2017, due to the group's relativelyÃâà...
Reinsurance News
March 12, 2018
Concurrently, A.M. Best predicts that demand in the life re/insurance segment will increase as awareness of the benefits of insurance protection becomes more prevalent in the regional populace. Ghislain Le Cam, director of analytics at A.M. Best, said: “Local insurers and reinsurers are exposed to aÃâà...
Reinsurance News
March 12, 2018
Trebuchet Group Holdings Limited, an investment vehicle owned by the founders and principals of Bermudian insurance and reinsurance services, investing, run-off and legacy specialists Armour Group, is leading the acquisition of a controlling interest in the legal expense insurance business of CanadianÃâà...
