Reinsurance News

Reinsurance News – Thursday 22nd September 2016

22nd September 2016 - Author: Luke Gallin

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 ratio came in at 98%, compared with 89.5% in H1 2015.

Alternative capital helps reinsurance serve broader set of goals: Swiss Re

Reinsurance giant Swiss Re has said that the integration of efficient alternative reinsurance capital in the reinsurance industry is helping the sector serve a broader set of goals.

Artemis London 2022 - ILS conference

Munich Re to restructure Asia-Pacific strategic set-up

Global reinsurer Munich Re has announced changes to its strategic set-up in the Asia-Pacific region, in an effort to keep up with the changes and growth in the region.

Insurance more interconnected with capital markets than before: UK PRA

The UK’s Prudential Regulation Authority (PRA) has said that insurance and reinsurance is now more interconnected to the wider capital markets than ever before.

Lloyd’s working on plan to ensure European trading post-Brexit

Lloyd’s of London has revealed that it is putting plans in place that will enable the marketplace to trade across Europe following the UK’s vote to leave the EU.

Insurance Europe expresses support for bilateral UK & U.S. re/insurance agreement

Insurance Europe has reaffirmed its support for a speedy end to discussions between the UK and U.S. regarding a bilateral agreement on re/insurance business.

JLT Re names Jonathan Garnett MD, Malaysia

JLT Re has announced the appointment of Jonathan Garnett as Managing Director (MD) of Malaysia, with the responsibility of expanding the firm’s presence in the region.

Aspen Insurance names Feighan Head of A&H U.S.

Aspen Insurance has announced the appointment of Michael Feighan as Head of Accident & Health (A&H), U.S. Feighan joins the firm from Chubb, and will be based in Aspen’s New York office.

LMG names Chris Beazley CEO

The London Market Group (LMG) has announced the appointment of Chris Beazley as its first permanent Chief Executive Officer (CEO), replacing Ben Reid, who was interim CEO.

Asia Capital Re approved to establish South Korea branch

Singapore reinsurer Asia Capital Re has announced that it has received approval to establish a South Korea branch from the Financial Services Commission.

Evolving investor needs could hike ILS investment in Asia: Execs

The evolving needs of investors across Asia could result in greater demand for alternative reinsurance and ILS investments, according to industry leaders.

Insurers race to increase capital levels after C-ROSS implementation

Following the implementation of the China Risk Oriented Solvency System (C-ROSS) at the start of the year, insurers are racing to increase their capital levels, which could increase demand for reinsurance.

Lloyd’s entry a positive for Malaysian re/insurance market

Analysts have said that the entry of Lloyd’s into the Malaysian re/insurance market will boost the region’s industry, particularly its reinsurance sector.

Beazley & GNP Seguros in cooperation deal on new cyber offering

According to reports Beazley has struck a cooperation deal with Mexican insurer GNP Seguros on its new cyber offering, which was launched recently.

CIRC & FAIR sign MoU to enable access to Chinese reinsurance business

The Chinese Insurance Regulator (CIRC) and the Federation of Afro-Asian Insurers and Reinsurers (FAIR), have reportedly signed a MoU that enables FAIR’s pools and syndicates with easier access to China’s reinsurance market.

Barbican Insurance names Adam Wickens class underwriter for financial and professional lines

Barbican Insurance Group has announced the appointment of Adam Wickens as class underwriter for financial and professional lines, effective immediately.

Willis Re View of Risk now available to clients via SpatialKey

Reinsurance broker Willis Re has announced that its Willis Re View of Risk platform is now available to Willis Re clients via its partnership with SpatialKey.

Marsh & McLennan elects Anthony Anderson to Board of Directors

Marsh & McLennan Companies, Inc has announced that Anthony K. Anderson has been appointed to its Board of Directors, taking the number of Directors on the Board to 11.

Lemonade licenced to launch in New York

Lemonade, the first peer to peer insurance company in the world, has announced that it has now been licenced as a full-stack insurance carrier by New York State.

ASEAN in need of forest fire & haze control insurance scheme

Researchers have said that the ASEAN region is in need of an insurance based scheme related to forest fire control, and which includes haze control.

WRN celebrates 10 years of service

The Willis Research Network (WRN) is now celebrating 10 years of helping to develop research and solutions to assist with the understanding of risk and resilience.

Moody’s updates catastrophe bond rating methodology

Moody’s Investors Service has updated its rating methodology for catastrophe bonds, which clarifies its approach to monitoring in-force cat bonds and mortality bonds, among other changes.

ICICI Prudential Indian IPO attracts strong demand

The first-ever IPO by an insurance company in India, by ICICI Prudential Life Insurance Co., has attracted strong demand, according to reports from the region.

Want to receive this news by email every morning? Just fill out the form below.

Print Friendly, PDF & Email

Recent Reinsurance News