Reinsurance News
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Generali acquires Polish asset management firm Union Investment
24th October 2018
Italian insurance giant Generali has acquired a 100% stake in Polish asset management company Union Investment TFI as it looks to to strengthen its presence in central and eastern Europe. With €3.3 billion of assets under management, Union Investment is the country’s sixth largest asset management company. It has approximately 135,000 ... Read the full article
Munich Re CEO points to partnerships, not sale, for asset management
25th June 2018
Munich Re's CEO Joachim Wenning told employees that it would "make no sense" for the firm to pull out of investment activities, but that a partnership with an asset manager could be positive, according to a report. Last week it was widely reported, including by us, that Munich Re was ... Read the full article
Blackstone targets re/insurance asset management with new unit and hire
20th March 2018
U.S investment giant Blackstone has announced that Michael McRaith, former Director of the U.S Department of the Treasury’s Federal Insurance Office (FIO), has been appointed Managing Director for the newly formed Blackstone Insurance Solutions (BIS). BIS was recently established to allow Blackstone to deliver its investment management expertise and innovative products ... Read the full article
Bart Hedges named to Trisura board after spinoff from Brookfield Asset Management
23rd June 2017
Trisura Group, an international specialty provider of surety, risk solutions, corporate insurance and reinsurance products, has named ex-Greenlight Capital Re CEO Bart Hedges to its board, just a day after its spinoff from investor Brookfield Asset Management Inc. Yesterday Trisura revealed that it had completed the spinoff from Brookfield and its ... Read the full article
Re/insurers optimistic about investment and asset management opportunity: Goldman Sachs
5th May 2017
Goldman Sachs' latest insurer asset management survey reveals a dramatic change in the usual credit cycle for inflation, rates and equity returns, with only one-third of insurers now believing they're in the late stages of the credit cycle, compared with last year's three quarters of correspondants. This represents a reversal in ... Read the full article
WTW appoints Plotnek to lead its merged Private Assets & Capital Management team
5th July 2023
WTW, a global advisory and broking firm has appointed Anthony Plotnek to lead its recently combined Private Assets and Capital Management (PACM) team within its Insurance Consulting and Technology (ICT) business. Within the role, Plotnek will be based in London, where he will report to Marcus Bowser, Managing Director, UK and ... Read the full article
SCOR’s ILS fund Atropos surpasses $2bn of assets under management
8th February 2023
SCOR Investment Partners has announced that its flagship Insurance-Linked Securities fund Atropos has surpassed $2 billion of assets under management. The firm's ILS platform, led by Sidney Rostan, also manages a second flagship fund alongside Atropos, the SCOR ILS Fund - Atropos Catbond Fund, which invests solely in catastrophe bonds and ... Read the full article
Milliman launches new asset/liability management software
28th November 2022
Global consulting and actuarial firm Milliman has announced the release of Milliman Agile ALM, a software package that makes asset/liability management (ALM) and stochastic valuation accessible to insurers, helping them comply with Solvency II, IFRS 17, and other requirements. The firm states that, unlike traditional dynamic ALM models, Milliman Agile ALM ... Read the full article
APAC life insurers to remain disciplined in asset and liability management despite rising rates: Moody’s
22nd September 2022
A recent Moody's Investors Service's survey to rated insurers in four markets in Asia-Pacific (APAC), shows that insurers will remain disciplined in asset and liability management as rates continue to rise. In a recent report published by Moody’s, the company noted that this will alleviate insurers' negative spread risk and their ... Read the full article
Moody’s launches asset-liability management tool for insurers
29th November 2021
Moody’s Analytics has announced the launch of RiskIntegrity Investment Insight, an asset-liability management (ALM) solution for insurance companies. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate their investment strategies across a range of business metrics. “Insurers are ... Read the full article
Aon partners with ReliaQuest on cyber risk management
10th April 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration "represents a unique approach to helping companies assess and mitigate cyber risk." With ReliaQuest’s expertise and technology in detection, investigation, and response, and Aon’s cyber resilience capabilities, the pair aims ... Read the full article
Marsh launches facility offering up to $825m coverage for digital asset custodians
26th March 2024
Marsh, the insurance broker and risk advisor subsidiary of Marsh McLennan, has launched a new global insurance facility providing coverage up to $825 million for digital asset custodians. Developed by Marsh Specialty’s Digital Asset team, this facility is designed to assist organisations storing digital assets offline, as well as those utilising ... Read the full article
RGA announces 700bn JPY longevity asset-intensive reinsurance transaction with Japan Post Insurance
22nd March 2024
Reinsurance Group of America (RGA) has confirmed that it has reached an agreement with Japan Post Insurance Company (Kampo) for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. Gaston Nossiter, Senior Vice President, Head of Asia Pacific, Global Financial Solutions, RGA, ... Read the full article
Aon launches Climate Risk Monitor to drive improved risk management & renewals decision making
22nd March 2024
Global re/insurance broker Aon has launched its Climate Risk Monitor, a tool to help clients visualize and understand their exposures to physical climate risk for better business decisions. Aon’s Climate Hub in Singapore developed the Climate Risk Monitor in collaboration with the firm’s global reinsurance analytics experts. This tool launches as the ... Read the full article
Inigo enhances risk management with Insurwave’s real-time technology
12th March 2024
Insurwave, an insurtech platform, has recently announced its new partnership with speciality re/insurer, Inigo. In this collaboration, Inigo will utilise Insurwave’s advanced technology and industry knowledge to establish and maintain a real-time summary of total risk exposure across its portfolio. This is particularly crucial given the escalating geopolitical uncertainty and market ... Read the full article