Reinsurance News

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Hannover Re US names Nico van Zyl AVP, Medical Director

6th June 2017

Germany-based reinsurance giant Hannover Re's subsidiary, Hannover Life Reassurance Company of America (Hannover Re US), has appointed Nico van Zyl Assistant Vice President (AVP), Medical Director, effective January 1st, 2017. Nico van Zyl joined the reinsurer's U.S. division from Hannover Re's South African branch, where he held the role of Chief Medical ... Read the full article

Lloyd’s managing agent Asta backs launch of Arma Underwriting in Dubai

6th June 2017

Lloyd's third-party managing agent and specialist MGA investor, Asta, announced today that it's set to expand into Middle Eastern and African markets with the opening of Dubai-based Arma Underwriting, last month, after being given the greenlight by regulators. As the approved Lloyd's-backed Dubai coverholder, Arma Underwriting's aim is to develop close relations ... Read the full article

Insurance is the “ultimate community product” for social resilience: ICMIF CEO

2nd June 2017

Insurance and reinsurance is far more than just a policy and the capabilities and capacity of the risk transfer industry must be utilised to increase global disaster resilience, stressed Shaun Tarbuck, Chief Executive Officer (CEO) of the International Cooperative and Mutual Insurance Federation (ICMIF). As part of the Global Platform for Disaster Risk ... Read the full article

Reinsurers should work against rising tide of protectionism: Inga Beale

1st June 2017

Lloyd's Chief Executive Officer (CEO) Inga Beale has urged reinsurers to get to work against the trend of growing protectionism, citing increasing obstacles confronting reinsurers as barriers to international trade continue to go up across the globe, in the European re/insurance federation's latest annual report. "We need to continue our engagement and ... Read the full article

Re/insurance challenges and opportunities of the future: EY

26th May 2017

As the re/insurance industry enters an era marked by shifting inner dynamics and fast-paced changes to macroeconomic conditions, EY analysts have outlined the unique challenges and opportunities set to create the market of the future. EY said the key long-term determinants of this changing scape were down largely to demographic shifts, policy ... Read the full article

Swiss Re Corporate Solutions names new CEO’s of EMEA & Asia Pacific

24th May 2017

Swiss Re Corporate Solutions, the commercial insurance arm of global reinsurance player Swiss Re, has named two new regional Chief Executive Officers (CEO), Fred Kleiterp as CEO Europe, Middle East, Africa (EMEA) and Jonathan Rake as CEO Asia Pacific. Kleiterp currently holds the role of CEO Asia Pacific, Swiss Re Corporate ... Read the full article

Peak Re targets globally diversified growth

18th May 2017

Global expansion and diversification both by territory and line of business is seen as key for Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re). With a portfolio that was predominantly Asia Pacific focused just a year or two ago, Peak Re has been taking steps to grow into new ... Read the full article

Nicolas Aubert reappointed as London Market Group Chair

28th April 2017

Nicolas Aubert, Head of Great Britain for insurance and reinsurance brokerage Willis Towers Watson, has been reappointed as the Chair of the London Market Group (LMG). Nicolas Aubert commented “I am delighted that I can continue to lead the LMG for another year and would like to thank the Board for ... Read the full article

SCOR establishes EMEA Hub led by Malcolm Newman

27th April 2017

France headquartered reinsurance company SCOR has announced the launch of a new EMEA Hub, covering Europe, the Middle East and Africa, a further step in its efficiency drive. The EMEA Hub will bring together SCOR's existing Paris-London and Zurich-Cologne Hubs, providing a much more simplified structure to the reinsurance group across ... Read the full article

Zambia looks to control reinsurance premium outflows

20th April 2017

The African nation of Zambia is reported to be looking to control the outflow of reinsurance premiums to foreign firms, preferring to attempt to control this and to help local companies to retain more of the premium income within the country. The government of Zambia is said to be considering amendments ... Read the full article

Reinsurance News – Thursday 13th April 2017

13th April 2017

Here’s your daily Reinsurance News for Thursday 13th April 2017: Swiss Re sees its cyclone Debbie loss at US$350m, industry at $1.3bn Reinsurance giant Swiss Re has revealed that it expects an estimated loss from Cyclone Debbie of roughly $350 million, and has put the insured market loss at around $1.3 ... Read the full article

Michael Leahey joins AXIS Re from XL Catlin

12th April 2017

AXIS Re, the reinsurance arm of Bermuda domiciled AXIS Capital Holdings Limited, has announced that Michael Leahey has joined the firm from XL Catlin, as Vice President and Deputy Head of Catastrophe Underwriting for Europe, Israel, and Middle East and North Africa (MENA). In his new role Leahey will be tasked with underwriting property ... Read the full article

Pacific Islands’ reinsurance backed parametric insurance facility expands

10th April 2017

A $29.73 million regional disaster risk finance project with a parametric insurance facility backed by reinsurance markets has been launched in Fiji to improve access to catastrophe re/insurance within the Pacific Islands. The new facility represents a scale-up to the PCRAFI: Furthering Disaster Risk Finance in the Pacific project, which has already enabled ... Read the full article

Reinsurance News – Monday 10th April 2017

10th April 2017

Here’s your daily Reinsurance News for Monday 10th April 2017: $2 billion insured losses for severe U.S. weather events in March: Aon Benfield Global insured catastrophe losses from severe winter weather in the U.S. in March is expected to reach $2 billion, according to Aon Benfield. Japanese reinsurance renewals ... Read the full article

Munich Re and Sompo become major investors in insurtech start-up Trov

7th April 2017

Munich Re’s venture capital subsidairy, HSB Ventures, has led a $45 million investment in technology start-up Trov, that will see the reinsurer act as investor and underwriting partner as the start-up expands into Europe, Asia and South Africa, Reuters reported. Japanese insurer Sompo Holdings has joined forces with the German reinsurance ... Read the full article