Here’s your daily Reinsurance News for Friday 23rd December 2016:
Manning named Reinsurance Group of America CEO, as Woodring retires
Reinsurance Group of America (RGA) has announced the appointment of Anna Manning as its new CEO, effective January 1st 2017.
ILS capital growth triggers cycle management in reinsurance: A.M. Best
The growth of alternative reinsurance capital and ILS funds has triggered cycle management in the reinsurance marketplace, according to ratings agency A.M. Best.
Peak Re licensed for Zurich reinsurance subsidiary
Peak Reinsurance Company Ltd. has received approval to set up a subsidiary in Zurich, called Peak Reinsurance AG, by the Swiss Financial Market Supervisory Authority (FINMA).
Hannover Re facilitates private cat bond transaction
Hannover Re has facilitated another private catastrophe bond (or cat bond lite) transaction, a $10 million LI Re (Series 2016-2), the notes were issued through its segregated accounts vehicle, Kaith Re Ltd. listing on the Bermuda Stock Exchange (BSX).
Greg Collins named CEO of Miller
Greg Collins is set to become the new CEO at brokerage Miller, effective January 1st 2017. “Becoming CEO of Miller is a great honour,” said Collins.
Parametric ILS can narrow corporate protection gap: Dr. Alan Punter
The use of parametric structured ILS solutions to protect corporations against the impacts of natural disasters has the potential to be increased, according to Dr. Alan Punter.
Swiss Re explores the impact of flood losses
A recent article from reinsurance giant Swiss Re explores the impact of flood losses in vulnerable countries, underlining the lack of insurance protection for such exposures.
Chubb appoints Alex Forrest as life science manager for overseas insurance
Insurer and reinsurer Chubb has announced the appointment of Alex Forrest as life science manager for overseas general insurance, as the company looks to grow in that area.
China regulators looks to tighten rules for insurers
The China Insurance Regulatory Commission is looking to make it far tougher for insurers to obtain new licenses, in an effort to reduce risks from aggressive business.
ILS NYC 2017 conference – Feb 3rd, New York
A thoughtfully curated annual insurance-linked securities event in New York City from Artemis. Featuring ILS & reinsurance industry leaders speaking on forward-thinking, engaging topics.
Lemonade set for further expansion in 2017
Insurer Lemonade is set for further expansion in 2017, and has filed for a license in 46 states and the District of Columbia.
Frontier Services & Ping An reach strategic framework agreement
Frontier Services Group Limited has reached a strategic framework agreement with Ping An Property & Casualty Insurance Company of China, to develop innovative insurance solutions.
Proposed acquisition by Acuity of Pro service companies
Pro Global Insurance Services plc has entered into an agreement for a proposed acquisition of the Pro service companies by Acuity Investment LLP.
Chubb expands suite of cyber loss mitigation services
Insurer and reinsurer Chubb has expanded its suite of cyber loss mitigation services for Canadian and U.S. policyholders.
Re/insurance players welcome Budget report on catastrophe resilience
Insurance and reinsurance industry players have welcomed a White House Office of Management and Budget report that looks to improve resilience to natural catastrophes.
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