Here’s your daily Reinsurance News for Thursday 23rd March 2017:
Hannover Re pays £142.5 million for Argenta
Reinsurance giant Hannover Re reportedly paid £142.5 million for the acquisition of UK holding firm Argenta Holdings, according to industry reports.
Mike Mitchell named Head of Property and Specialty Reinsurance at Swiss Re
Reinsurance giant Swiss Re has announced the appointment of Mike Mitchell as Head of Property and Specialty Reinsurance, replacing Edouard Schmid.
Some evidence reinsurers taking on more risk to maintain profits: S&P
Global rating agency Standard & Poor’s (S&P) has underlined the importance of solid enterprise risk management (ERM) during the soft reinsurance market cycle, highlighting that some firms could be taking on more risk to maintain profits.
Changes in reinsurance cessions not sufficient to impact ratings: A.M. Best
A.M. Best has warned that changing patterns in reinsurance cessions from major insurers to reinsurers are insufficient to impact ratings.
JLT Re brings Essent Re and U.S. reinsurer together in mortgage risk sharing deal
Reinsurance broker JLT Re has negotiated a public-private partnership advisory risk sharing transaction, bringing together Essent Reinsurance and an unnamed U.S. reinsurer.
Reinsurers lose 20% of market share to alternatives: Conning
A recent study from Conning claims that reinsurers are under substantial pressure from alternatives, and lose 20% of market share to the alternatives space.
Brazilian reinsurers benefit from investments and regional expansion: S&P
Expansion across Latin America and high investment yields is helping Brazilian reinsurance firms remain profitable in a challenging economic landscape.
Reinsurance key to Floridian insurers survival
Demotech has underlined the importance of reinsurance to the survival of Floridian insurers, as companies continue to be thrown into unchartered waters.
Beazley appoints Stephen Vivian as new head of U.S. marine
Beazley has announced the appointment of Stephen Vivian to head up its U.S. marine business, reporting to head of marine, Clive Washbourn.
Leadenhall hires Adrian Mark from RMS as non-life analyst
Insurance and reinsurance linked securities investment management firm Leadenhall Capital Partners, has appointed Adrian Mark as an Analyst within its Non-Life Investments team.
Qatar General Insurance and Reinsurance to focus on real estate expansion
Qatar General Insurance and Reinsurance Company (QGIRCO) has said that it plans to focus on real estate for expansion in the coming months.
XL Catlin appoints Fischbach to head E&S binding
Insurer and reinsurer XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its Excess & Surplus (E&S) insurance unit.
Specialty re/insurer Argo reveals digitally-driven growth
Insurer and reinsurer Argo has attributed much of its $49 million underwriting income success to the leverage of digital tools to drive growth across commercial lines.
R&Q acquires captive insurer ICDC
Randall & Quilter Investment Holdings (R&Q) has acquired American Fortune 500 captive insurer, ICDC.
Knightsbridge Tech launches GRS Reinsurance System
Knightsbridge Technology Group has launched a GRS Reinsurance System Cloud Offering, that offers its GenSphere Reinsurance System.
No room for more local Palestinian insurers: PIF
According to the Palestinian Insurance Federation (PIF) there is little room for new insurance players in the local industry.
Taiwan insurance industry to incur losses after appreciation of New Taiwan Dollar
As a result of the appreciation of the New Taiwan Dollar, the Taiwan insurance industry is set to incur losses, warns the Financial Supervisory Commission (FSC).
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