Reinsurance News
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Reinsurance News – Tuesday 15th November 2016
15th November 2016
Here’s your daily Reinsurance News for Tuesday 15th November 2016: Argo Group buys Ariel Re for $235 million, advances strategic plan Bermudian insurer and reinsurer Argo Group has announced the acquisition of Ariel Re for $235 million in cash. The deal is subject to regulatory approval but is expected to ... Read the full article
Reinsurance News – Monday 14th November 2016
14th November 2016
Here’s your daily Reinsurance News for Monday 14th November 2016: New Zealand struck by magnitude 7.8 earthquake, damage reported Late Sunday evening, local New Zealand time, a magnitude 7.8 earthquake struck around 95km from Christchurch, causing a tsunami warning and was followed by a number of major aftershocks. Reinsurance industry ... 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 – Monday 17th October 2016
17th October 2016
Here’s your daily Reinsurance News for Monday 17th October 2016: Hanjin re/insurance loss could be half a Tianjin ($2bn): Credit Suisse According to analysts at Credit Suisse, the insurance and reinsurance industry could face a loss of up to $2 billion as a result of the financial collapse and ... Read the full article
Reinsurance News – Thursday 29th September 2016
29th September 2016
Here’s your daily Reinsurance News for Thursday 29th September 2016: CEA policy uptake rises, more risk transfer will be required: Pomeroy The California Earthquake Association (CEA) has reported a substantial increase in policy uptake in 2016, which suggests that more reinsurance is likely to be needed in the future. Read the full article
Reinsurance News – Monday 26th September 2016
26th September 2016
Here’s your daily Reinsurance News for Monday 26th September 2016: The first downturn when reinsurers still make cost-of-capital: J.P. Morgan Analysts at J.P. Morgan have said that despite the softening reinsurance cycle and continued rate declines, the four big European reinsurers could still cover their cost-of-capital. Munich ... Read the full article
Reinsurance News – Thursday 22nd September 2016
22nd September 2016
Here’s your daily Reinsurance News for Thursday 22nd September 2016: H1 profits at Lloyd's increase to £1.46 billion The specialist Lloyd's of London insurance and reinsurance marketplace, has reported profit of £1.46 billion for the first-half of the year, compared with £1.2 billion a year earlier. However, the market's combined ... Read the full article
Reinsurance News – Friday 16th September 2016
16th September 2016
Here’s your daily Reinsurance News for Friday 16th September 2016: Bottom of the soft market is very close, or already here: Swiss Re CUO The bottom of the softening reinsurance cycle is either very close, or is already here, explained Swiss Re's CUO Matthias Weber at the 2016 Monte ... Read the full article
Reinsurance News – Tuesday 13th September 2016
13th September 2016
Here’s your daily Reinsurance News for Tuesday 13th September 2016: It's day three of the 2016 Monte Carlo Reinsurance Rendez-vous, the 60th anniversary of the reinsurance, insurance and more recently insurance-linked securities (ILS) meeting in the south of France. Here's all the latest coverage from our sister publication Artemis around the 2016 ... Read the full article
Reinsurance News – Friday 26th August 2016
26th August 2016
Here’s your daily Reinsurance News for Friday 26th August 2016: Italy earthquake could cause $11bn economic loss: Report The Italian Civil Protection Department has provided an early estimate for losses from the recent earthquake that devastated part of Italy, saying that it could result in an economic loss of roughly ... Read the full article
Reinsurance News – Monday 22nd August 2016
22nd August 2016
Here’s your daily Reinsurance News for Monday 22nd August 2016: Canada Life International Re grows profits and seeks acquisition of Irish reinsurer Dublin domiciled reinsurer Canada Life International Re reported a 47% increase in after-tax profit to €165 million last year. The company also announced that it's working on ... Read the full article
Reinsurance News – Thursday 18th August 2016
18th August 2016
Here’s your daily Reinsurance News for Thursday 18th August 2016: H1 insured cat losses up to $31 billion in 2016: Swiss Re Reinsurance giant Swiss Re has said the natural and man-made catastrophe losses in the first-half of 2016 cost insurers roughly $31 billion, a rise of 51% as ... Read the full article
Reinsurance News – Tuesday 9th August 2016
9th August 2016
Here’s your daily Reinsurance News for Tuesday 9th August 2016: Munich Re Q2 profit down to €974 million as nat cat losses rise Global reinsurer Munich Re has reported its second-quarter 2016 results, posting a consolidated profit of €974 million, down from the €1.075 billion reported a year earlier. ... Read the full article
Reinsurance News – Friday 29th July 2016
29th July 2016
Here’s your daily Reinsurance News for Friday 29th July 2016: Swiss Re's P&C Re segment hit by cat losses, reports Q2 underwriting loss Reinsurance giant Swiss Re has reported its Q2 2016 results, posting a group net income of $637 million. The firm's P&C Re segment was hit by catastrophe ... Read the full article
Reinsurance News – Wednesday 27th July 2016
27th July 2016
Here’s your daily Reinsurance News for Wednesday 27th July 2016: Reinsurance increasingly the cheapest form of capital: JLT Re Reinsurance broker JLT Re has said that reinsurance is now the cheapest and most efficient form of contingent capital, and that some cedents might not be making the most of ... Read the full article