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Reinsurance News – Friday 4th November 2016

4th November 2016

Here’s your daily Reinsurance News for Friday 4th November 2016: IAG adding to NZ quake reinsurance reflects ongoing loss creep It's been revealed that IAG New Zealand has extended its reinsurance cover to help pay for claims from the Canterbury quakes, purchasing $900 million of adverse development cover. Read the full article

Reinsurance News – Thursday 3rd November 2016

3rd November 2016

Here’s your daily Reinsurance News for Thursday 3rd November 2016: 9 month 2016 net income down by $700 million at Swiss Re, combined ratio up Reinsurance giant Swiss Re has reported its results for the first nine months of the year, posting a net income of $3 billion, compared with ... Read the full article

Reinsurance News – Wednesday 2nd November 2016

2nd November 2016

Here’s your daily Reinsurance News for Wednesday 2nd November 2016: New Zealand quake settled insurance claims tally hits $19bn The Insurance Council of New Zealand has reported that claims paid by private insurers in relation to the Canterbury earthquakes have now hit $19 billion, highlighting the longer-tail nature of some ... Read the full article

Reinsurance News – Tuesday 1st November 2016

1st November 2016

Here’s your daily Reinsurance News for Tuesday 1st November 2016: Frankland joins Aon Benfield from Guy Carpenter Reinsurance broker Aon Benfield has announced the appointment of Nick Frankland as CEO of its UK business. Frankland joins the firm from broker Guy Carpenter, and will be responsible for driving the firm's ... Read the full article

Reinsurance News – Monday 31st October 2016

31st October 2016

Here’s your daily Reinsurance News for Monday 31st October 2016: Aon reports 4% organic revenue growth in Q3 Aon has reported its third-quarter 2016 results, revealing that revenue was flat at $2.7 billion, while the firm reported organic revenue growth of 4%. The firm's reinsurance unit, Aon Benfield, recorded organic ... Read the full article

Reinsurance News – Friday 28th October 2016

28th October 2016

Here’s your daily Reinsurance News for Friday 28th October 2016: AMP Life and Munich Re enter into significant reinsurance arrangement AMP Life has announced a significant quota share reinsurance agreement with Munich Re, that will see the reinsurer reinsure 50% of $750 million of annual premium revenue of AMP Life's ... Read the full article

Reinsurance News – Thursday 27th October 2016

27th October 2016

Here’s your daily Reinsurance News for Thursday 27th October 2016: Q3 operating income down for PartnerRe Reinsurer PartnerRe has reported its Q3 2016 results, posting a net income of $240.3 million and operating earnings of $185 million, declining on Q3 2015's figure. XL Group makes senior management changes ... Read the full article

Reinsurance News – Wednesday 26th October 2016

26th October 2016

Here’s your daily Reinsurance News for Wednesday 26th October 2016: Guy Carpenter's Q3 revenue flat at $260 million Marsh has released its third-quarter 2016 results, revealing that its reinsurance arm, Guy Carpenter, recorded revenue of $260 million, so just slightly down on the $261 million reported a year earlier. ... Read the full article

Reinsurance News – Tuesday 25th October 2016

25th October 2016

Here’s your daily Reinsurance News for Tuesday 25th October 2016: Additional reinsurance demand seen for January renewal – Hannover Re Reinsurance giant Hannover Re has said there is likely to be some additional demand for reinsurance capacity from European and German cedants at the key January 1st reinsurance renewal. Read the full article

Reinsurance News – Monday 24th October 2016

24th October 2016

Here’s your daily Reinsurance News for Monday 24th October 2016: Munich Re is harnessing the power of Big Data to develop solutions Reinsurance giant Munich Re is taking advantage of Big Data to improve the modelling and understanding of insurance risks around the world, helping the firm to create new ... Read the full article

Reinsurance News – Friday 21st October 2016

21st October 2016

Here’s your daily Reinsurance News for Friday 21st October 2016: PartnerRe acquires Aurigen for $286 million Bermuda-based reinsurer PartnerRe has announced the acquisition of life reinsurer Aurigen Capital Limited for a total cash consideration of $286 million. Hurricane Matthew insured loss up to $5bn U.S., $3bn Caribbean: RMS Catastrophe risk ... Read the full article

Reinsurance News – Thursday 20th October 2016

20th October 2016

Here’s your daily Reinsurance News for Thursday 20th October 2016: Buffett's Gen Re to enter Indian reinsurance market Gen Re, the reinsurance arm of Warren Buffett's Berkshire Hathaway, has revealed plans to enter the Indian reinsurance market. According to reports the firm is awaiting regulatory approval and hopes to become ... Read the full article

Reinsurance News – Wednesday 19th October 2016

19th October 2016

Here’s your daily Reinsurance News for Wednesday 19th October 2016: Hurricane Matthew to test Florida start-up’s reinsurance: A.M. Best Ratings agency A.M. Best has said that hurricane Matthew's impact on Florida and the resulting re/insurance industry loss will be a test for Florida start-ups reinsurance and ability to respond ... Read the full article

Reinsurance News – Tuesday 18th October 2016

18th October 2016

Here’s your daily Reinsurance News for Tuesday 18th October 2016: Reinsurer combined ratios, RoEs to deteriorate further in 2017: Fitch The combined ratios and RoEs of reinsurers are expected to deteriorate further in the coming months, as a return to more normalised losses exacerbates the softening landscape, says Fitch ... Read the full article

Reinsurance News – Monday 17th October 2016

17th October 2016

Here’s your daily Reinsurance News for Monday 17th October 2016: Hanjin re/insurance loss could be half a Tianjin ($2bn): Credit Suisse According to analysts at Credit Suisse, the insurance and reinsurance industry could face a loss of up to $2 billion as a result of the financial collapse and ... Read the full article

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