Reinsurance News
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Palomar gets first successful rate filing with AIR U.S. flood model
15th February 2017
Specialty insurer Palomar has used AIR Worldwide’s U.S. probabilistic flood model to obtain a first-ever successful rate filing for flood. Palomar has become the first admitted firm to successfully offer a stand-alone residential flood insurance product in California, after its first-time launch of AIR’s flood model, Flood Guard. The programme was first released by ... Read the full article
MS Amlin the first Lloyd’s syndicate to underwrite backed by Flood Re
15th February 2017
Global specialty insurance group MS Amlin has become the first Lloyd's of London syndicate operator to underwrite homeowners policies backed by the government's flood reinsurance scheme, Flood Re. MS Amlin signed up with the UK Government backed Flood Re to support its underwriting of flood risks assumed through mid to high ... Read the full article
Demotech warns Florida insurers could face rating actions
7th February 2017
Rating agency Demotech has announced it will suspend its recommendations for Florida property insurers after two recent court decisions, Johnson and Sebo, have intensified the impact from the assignment of benefits (AOB) epidemic. The rating agency has advised Florida insurers to review their protocols, saying the court decisions had revised claims ... Read the full article
Rating agency & regulatory changes to increase reinsurance demand: Aon
11th January 2017
Recent developments with rating agency criteria, and regulatory changes across the world has resulted in a narrowing of the gap between differing capital requirements for reinsurers, which is expected to increase demand for reinsurance protection in the near future, according to Aon Benfield. Reinsurance brokerage Aon Benfield, in a recent Reinsurance Market ... Read the full article
HCI Group names Harmsworth Senior Vice President of Finance
15th December 2016
Florida headquartered insurance and reinsurance focused holding company HCI Group has appointed finance veteran Mark Harmsworth as its senior vice president of finance. Harmsworth has 30 years of experience in a diverse range of finance and operational roles, having held multiple executive-level positions during his career at both publicly and privately ... Read the full article
Reinsurance News – Friday 2nd December 2016
2nd December 2016
Here’s your daily Reinsurance News for Friday 2nd December 2016: Krefta to become CEO of Hiscox Bermuda, Hiscox Re & ILS Insurer and reinsurer Hiscox has announced that Jeremy Pinchin is to return to London, and leave his position as CEO of Hiscox Bermuda and CEO of Hiscox Re and ... Read the full article
Reinsurance News – Tuesday 22nd November 2016
22nd November 2016
Here’s your daily Reinsurance News for Tuesday 22nd November 2016: Expected to be second-costliest year on record for Japan quake as magnitude 7.4 strikes coast Japan has been hit by another earthquake, which struck off the coast of the Fukushima prefecture, resulting in a tsunami warning for the region, ... Read the full article
Reinsurance News – Thursday 17th November 2016
17th November 2016
Here’s your daily Reinsurance News for Thursday 17th November 2016: Hannover Re to target emerging risks in India in Q1 2017 One of the world's largest reinsurance companies, Hannover Re, expects to start writing business in India during the first-quarter of 2017, and will focus on emerging risks in the ... Read the full article
Reinsurance News – Tuesday 1st November 2016
1st November 2016
Here’s your daily Reinsurance News for Tuesday 1st November 2016: Frankland joins Aon Benfield from Guy Carpenter Reinsurance broker Aon Benfield has announced the appointment of Nick Frankland as CEO of its UK business. Frankland joins the firm from broker Guy Carpenter, and will be responsible for driving the firm's ... Read the full article
Reinsurance News – Wednesday 26th October 2016
26th October 2016
Here’s your daily Reinsurance News for Wednesday 26th October 2016: Guy Carpenter's Q3 revenue flat at $260 million Marsh has released its third-quarter 2016 results, revealing that its reinsurance arm, Guy Carpenter, recorded revenue of $260 million, so just slightly down on the $261 million reported a year earlier. ... Read the full article
Reinsurance News – Tuesday 25th October 2016
25th October 2016
Here’s your daily Reinsurance News for Tuesday 25th October 2016: Additional reinsurance demand seen for January renewal – Hannover Re Reinsurance giant Hannover Re has said there is likely to be some additional demand for reinsurance capacity from European and German cedants at the key January 1st reinsurance renewal. Read the full article
Reinsurance News – Thursday 13th October 2016
13th October 2016
Here’s your daily Reinsurance News for Thursday 13th October 2016: Hurricane Nicole intensifies to Cat 4, still targets Bermuda Hurricane Nicole has now intensified into a Category 4 storm, as expected, with sustained winds of 130mph and higher gusts, and continues to track towards to Bermuda. Understanding ... Read the full article
Reinsurance News – Monday 10th October 2016
10th October 2016
Here’s your daily Reinsurance News for Monday 10th October 2016: Early Hurricane Matthew insured loss estimates suggest up to $6bn Insurance and reinsurance industry losses from hurricane Matthew are currently converging around the $6 billion mark, with analysis from CoreLogic suggesting a loss of between $4 billion and $6 ... Read the full article
Reinsurance News – Wednesday 31st August 2016
31st August 2016
Here’s your daily Reinsurance News for Wednesday 31st August 2016: 10% of Italy earthquake economic loss to be re/insured: A.M. Best Global ratings agency A.M. Best has estimated that roughly 10% of the total economic loss from the recent earthquake that struck Italy will be covered by insurers and ... Read the full article
Reinsurance News – Thursday 11th August 2016
11th August 2016
Here’s your daily Reinsurance News for Thursday 11th August 2016: Beazley adds parametric rainfall cover to event cancellation product London-based insurer and reinsurer Beazley has launched Cancellation Plus in the UK, a parametric rainfall solution that provides event organisers with protection against reduced revenue owing to rainfall occurrence. ... Read the full article
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