Reinsurance News
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Blockchain: Why re/insurers need to take control of their future
14th March 2017
In this contributed article, Tom Johansmeyer, assistant vice president, PCS Strategy and Development, at ISO Claims Analytics, a division of Verisk Insurance Solutions, discusses the need for insurance and reinsurance market participants to engage with the global blockchain community. Blockchain: Why re/insurers need to take control of their future Waiting for a ... Read the full article
2016 insurance premium growth areas highlight need for reinsurance
14th March 2017
Global insurance premiums increased by 4.4% during 2016 when compared with the previous year, driven largely by the continued expansion of the Chinese marketplace, but also growth in other peril regions, suggesting a need for greater reinsurance demand across the globe. The latest, global analysis on insurance premiums by Allianz Research, ... Read the full article
Reinsurance News – Friday 10th March 2017
10th March 2017
Here’s your daily Reinsurance News for Friday 10th March 2017: Validus finds up to 15% of NFIP flood policies attractively priced Insurer and reinsurer Validus has revealed that after analysing the National Flood Insurance Program’s risk profile, it deems it would underwrite as much of 15% of the risk on ... Read the full article
Swiss Re highlights role of re/insurance in cyber risk
6th March 2017
Swiss Re has launched its new re/insurance think tank, the Swiss Re Institute, with the release of a report that investigates the growing sphere of cyber risk, examining constraints in risk assessment as well as potential new models for risk analytics and coverage. Opportunities for reinsurance are expanding in the fast-developing ... Read the full article
Generali’s Lombard elected Chairman of EcoFin Committee, Insurance Europe
1st March 2017
Chairman and Chief Executive Officer (CEO) of Generali France, Eric Lombard, has been elected Chairman of the Economic & Finance (EcoFin) Committee of Insurance Europe, replacing Dieter Wemmer. The EcoFin division of Insurance Europe oversees the organisations work on regulatory, accounting and investment-related issues, and it's been revealed that Allianz SE ... Read the full article
Reinsurance News – Tuesday 28th February 2017
28th February 2017
Here’s your daily Reinsurance News for Tuesday 28th February 2017: Buffet says Berkshire Hathaway is poised for a market turn Berkshire Hathaway's Warren Buffett has said that his insurance and reinsurance firms are ready to take advantage of a turn in the marketplace. Profitable growth won’t be any easier ... Read the full article
Reinsurance News – Monday 27th February 2017
27th February 2017
Here’s your daily Reinsurance News for Monday 27th February 2017: Re/insurance set for lower returns as higher-yielding assets mature: Warren Buffett Berkshire Hathaway's Warren Buffett has again said that reinsurance industry returns will be lower in the future than in the past 10 years. SCOR makes changes to retrocession ... Read the full article
Hannover Re & Swiss Re take 90% of Sri Lankan agricultural re/insurance scheme
17th February 2017
Hannover Re and Swiss Re have taken a 90% share in Sri Lanka’s state-owned National Insurance Trust Fund (NITF) agricultural insurance scheme; accepting a respective 50% and 40% of the placement, which was made through reinsurance broker J.B. Boda & Co. Three other global reinsurers, which includes Munich Re, share the ... Read the full article
Reinsurance News – Friday 17th February 2017
17th February 2017
Here’s your daily Reinsurance News for Friday 17th February 2017: AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock CEO of insurance giant AIG, Peter Hancock, recently said that he his hopeful the firm will be able to renew its casualty quota share reinsurance arrangement ... Read the full article
Munich Re’s insurer HSB hires construction product lead
15th February 2017
HSB Engineering Insurance (HSB), a specialist engineering and construction insurer and subsidiary of reinsurance giant Munich Re, has announced the appointment of Alan Moore as Construction Product Lead. Based in the company's Birmingham, UK office, Moore will report to HSB Underwriting Manager Andrew Bazley. In his new role Moore will be ... Read the full article
Barbican boosts cyber team
14th February 2017
Barbican Insurance has appointed two new executives to head up its cyber division, naming Graeme King as new business group leader, and Richard Spotswood as underwriting manager. Both practitioners join Barbican’s Syndicate 1955 from Allianz, where King served as practice leader and underwriter for PI and cyber, and Spotswood acted as ... Read the full article
SCOR joins string of re/insurers to embrace blockchain initiative
6th February 2017
SCOR has become one of the latest in a string of insurers and reinsurers to join the Blockchain Insurance Industry Initiative (B3i), after successful testing of the concept has proven its potential value. Since the blockchain initiative was launched in October 2016, it’s attracted 15 of the largest players across the globe, including; ... Read the full article
Reinsurance News – Monday 6th February 2017
6th February 2017
Here’s your daily Reinsurance News for Monday 6th February 2017: Challenging for Western EU reinsurers to deploy excess capital: A.M. Best Ratings agency A.M. Best has said that insurers and reinsurers across Western Europe have been able to increase their capital positions thanks to the abundance of industry capital, ... Read the full article
Reinsurance News – Wednesday 1st February 2017
1st February 2017
Here’s your daily Reinsurance News for Wednesday 1st February 2017: Reinsurers seek new opportunities as value-chain blurs: S&P Reinsurers are looking to take advantage of new opportunities to source risk as the value chain within the insurance and reinsurance industry continues to blur. RenRe records operating income ... Read the full article
European re/insurers to gain more leverage in 2017
30th January 2017
Financial leverage for European insurance and reinsurance firms is expected to increase in 2017 as companies take advantage of low-interest rates and capital optimisation, according to a report by rating agency Moody’s Investors Service. Moody’s says four key factors are driving this trend; new subordinated debt issuances boosting Solvency II ratios, favourable ... Read the full article