Reinsurance News
Your search for “flood”
Reinsurance price declines moderated at 1/1 2017 renewals: Guy Carpenter
5th January 2017
Reinsurance price declines moderated at the key January 1st 2017 renewals when compared with the previous three renewal seasons, across the majority of business lines and geographies, according to reinsurance broker Guy Carpenter. The global reinsurance sector remains under significant pressure from a series of headwinds, underlined by a continuation of ... Read the full article
Lloyd’s Market Association (LMA) publishes cat model guide
4th January 2017
The Lloyd’s Market Association (LMA) has published a new guide on catastrophe risk models today, as it seeks to bring more clarity to the subject, as the use of, range and complexity of catastrophe models has increased. The guide focuses on uncertainty in catastrophe risk modelling and is targeted at helping ... Read the full article
Reinsurance News – Wednesday 4th January 2017
4th January 2017
Here’s your daily Reinsurance News for Wednesday 4th January 2017: FEMA secures $1.042bn of flood reinsurance for NFIP FEMA has expanded on its test 2016 reinsurance arrangement, transferring $1.042 billion of risk from the NFIP to 25 reinsurance carriers for its 2017 program. 2016 global nat cat ... Read the full article
Assurant reports $66 million hurricane Matthew loss, after reinsurance
2nd January 2017
U.S. specialty insurance group Assurant, Inc. has revealed that it expects to record around $66 million of pre-tax catastrophe losses in the fourth-quarter of 2016, net of reinsurance, or $43 million after taking tax into consideration. All of these fourth-quarter catastrophe losses are due to hurricane Matthew, a storm that raked ... Read the full article
Reinsurance News – Thursday 29th December 2016
29th December 2016
Here’s your daily Reinsurance News for Thursday 29th December 2016: IRDAI gives R3 approval to SCOR Insurer and reinsurer SCOR has received R3 approval from the IRDAI to establish a branch in India to conduct Life and P&C reinsurance business. China Re approves Zhang Hong retirement & He Chunlei ... Read the full article
Reinsurance News – Friday 23rd December 2016
23rd December 2016
Here’s your daily Reinsurance News for Friday 23rd December 2016: Manning named Reinsurance Group of America CEO, as Woodring retires Reinsurance Group of America (RGA) has announced the appointment of Anna Manning as its new CEO, effective January 1st 2017. ILS capital growth triggers cycle management in reinsurance: A.M. ... Read the full article
Reinsurance News – Thursday 22nd December 2016
22nd December 2016
Here’s your daily Reinsurance News for Thursday 22nd December 2016: Execution risks sit on Allied World’s side in M&A with Fairfax Financial Ratings agency A.M. Best has warned of "inherent execution risks" in the merger agreement between Allied World and Fairfax Financial, citing that the majority appears to sit with ... Read the full article
Reinsurance News – Wednesday 21st December 2016
21st December 2016
Here’s your daily Reinsurance News for Wednesday 21st December 2016: FEMA’s 2017 NFIP flood reinsurance purchase underway The U.S. Federal Emergency Management Agency (FEMA) has started its procurement process for a 2017 flood reinsurance program for the NFIP. Reinsurer Brexit planning to accelerate in 2017 Insurance and reinsurance companies across ... Read the full article
Reinsurance News – Monday 19th December 2016
19th December 2016
Here’s your daily Reinsurance News for Monday 19th December 2016: Fairfax Financial buying Allied World for $4.9bn Canadian P&C insurer and reinsurer Fairfax Financial Holdings is to acquire Allied World Assurance Company Holdings for $4.9 billion in cash, after the two entered into a merger agreement. Global reinsurers to ... Read the full article
Reinsurance News – Friday 16th December 2016
16th December 2016
Here’s your daily Reinsurance News for Friday 16th December 2016: Enstar launches total return reinsurer KaylaRe Insurer and reinsurer Enstar Group has launched a new total return reinsurance entity named KaylaRe Ltd., in partnership with Hillhouse Capital Management, Ltd. & Stone Point Capital LLC., which launches with $620 million of equity ... Read the full article
Reinsurance News – Monday 12th December 2016
12th December 2016
Here’s your daily Reinsurance News for Monday 12th December 2016: Reinsurance profitability pressure increases: EIOPA Regulator EIOPA has warned that the reinsurance market can expect rate declines and pressure on profits in the sector to persist, as market headwinds continue to challenge the market. XL Catlin’s reinsurance segment ... Read the full article
Reinsurance News – Friday 9th December 2016
9th December 2016
Here’s your daily Reinsurance News for Friday 9th December 2016: NFIP proposal calls for capital market reinsurance alternatives A new proposal calls for the use of traditional and alternative reinsurance and risk transfer solutions to support the de-risking of the U.S. government's National Flood Insurance Program (NFIP). W.R. ... Read the full article
Reinsurance News – Thursday 8th December 2016
8th December 2016
Here’s your daily Reinsurance News for Thursday 8th December 2016: Cost-of-capital to be a struggle in reinsurance: S&P Global ratings agency Standard & Poor's has warned that reinsurers are going to find it increasingly difficult to meet cost-of-capital requirements in the softening landscape. Aon looks to sell ... Read the full article
Reinsurance News – Tuesday 6th December 2016
6th December 2016
Here’s your daily Reinsurance News for Tuesday 6th December 2016: Liberty Mutual to acquire Ironshore from Fosun International Liberty Mutual has announced the acquisition of Ironshore from Fosun International, a deal that is expected to close in the first half of 2017. The purchase price is subject to closing price ... Read the full article
Reinsurance News – Monday 5th December 2016
5th December 2016
Here’s your daily Reinsurance News for Monday 5th December 2016: Swiss Re to cut back on P&C, but positive on re/insurance industry trends Reinsurance giant Swiss Re has said that the long-term outlook for the re/insurance industry is positive, highlighting growth potential in risk pools. The firm also revealed ... Read the full article