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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
Reinsurance News – Monday 30th January 2017
30th January 2017
Here’s your daily Reinsurance News for Monday 30th January 2017: OMERS to contribute $1 billion to Fairfax’s Allied World acquisition Ontario’s municipal employees’ pension plan, OMERS, has agreed to contribute $1 billion to the acquisition of Allied World alongside Fairfax Financial. Time to re-examine reinsurance as a form of ... Read the full article
Reinsurance News – Tuesday 24th January 2017
24th January 2017
Here’s your daily Reinsurance News for Tuesday 24th January 2017: AIG deal big enough to risk Berkshire underwriting profit: Credit Suisse The recently announced adverse development reinsurance agreement between Berkshire Hathaway and AIG is big enough to jeopardise underwriting profit in Warren Buffett's P&C business, warns Credit Suisse. Re/insurers ... Read the full article
Reinsurance News – Friday 20th January 2017
20th January 2017
Here’s your daily Reinsurance News for Friday 20th January 2017: Lloyd's get final approval, to launch in India before April renewals The Lloyd's of London insurance and reinsurance marketplace has received final approval from the IRDAI to establish a branch in India, and plans to launch before the April reinsurance ... Read the full article
Reinsurance News – Thursday 19th January 2017
19th January 2017
Here’s your daily Reinsurance News for Thursday 19th January 2017: Lloyd’s cedents make the most of soft reinsurance market: RBC Capital Markets Analysts at RBC Capital Markets noted increased demand for reinsurance protection at the 1/1 2017 renewal season, as cedents in the Lloyd's market were able to take advantage ... Read the full article
U.S. re/insurance companies rethink M&A in Trump era: Reuters
12th January 2017
U.S. insurance and reinsurance companies are rethinking strategic merger or acquisition transactions over a fear of being painted “anti-American” by President-elect Donald Trump, according to a Reuters report. Recent developments in U.S. business show how market developments and volatility - a risk ranked second place in global top threats to the ... Read the full article
Reinsurance News – Wednesday 11th January 2017
11th January 2017
Here’s your daily Reinsurance News for Wednesday 11th January 2017: Intense market competition pushes reinsurers towards M&A: A.M. Best International ratings agency A.M. Best has said that continued intense competition in the reinsurance industry is pushing companies closer to M&A activity. Hurricane Matthew claims up 10% to ... Read the full article
Reinsurance News – Friday 30th December 2016
30th December 2016
Here’s your daily Reinsurance News for Friday 30th December 2016: 2017 to be more challenging than 2016 in re/insurance: Kroll For insurers and reinsurers 2017 is likely to be even more challenging than 2016, despite an expected slowdown at the January 2017 renewals, according to Kroll Bond Rating Agency (KBRA). ... Read the full article
Reinsurance News – Monday 19th December 2016
19th December 2016
Here’s your daily Reinsurance News for Monday 19th December 2016: Fairfax Financial buying Allied World for $4.9bn Canadian P&C insurer and reinsurer Fairfax Financial Holdings is to acquire Allied World Assurance Company Holdings for $4.9 billion in cash, after the two entered into a merger agreement. Global reinsurers to ... Read the full article