Reinsurance News

Buffett targets Japan earthquake re/insurance with Berkshire Hathaway

27th December 2016

Warren Buffett is targeting a move into Japanese earthquake reinsurance through his Berkshire Hathaway Specialty Insurance unit, according to a report. The Nikkei reported that Berkshire Hathaway Specialty Insurance is set to move into Japanese earthquake reinsurance, by backing Japanese insurers, citing Marc Breuil, Regional President Asia at BHSI. Buffett's Berkshire ... Read the full article

Swiss Re hires Gopal from Allied World as Corp Solutions CRO Asia Pacific

27th December 2016

Global reinsurance firm Swiss Re has hired Sandeep Gopal from Allied World to join the firm as Chief Risk Officer of its Corporate Solutions Asia Pacific division, Reinsurance News can reveal. Gopal is currently Head of Risk, Asia Pacific at Allied World Assurance Company, based in Singapore. He has been with ... Read the full article

Reinsurance News – Tuesday 27th December 2016

27th December 2016

Here’s your daily Reinsurance News for Tuesday 27th December 2016: If tested re/insurance fundamentals could deteriorate: A.M. Best The potential for risk accumulation has never been greater for insurers and reinsurers, and with market pressures expected to persist, A.M. Best warns that industry fundamentals could start to weaken. IRDAI ... Read the full article

IRDAI approves India market access for five global reinsurers

23rd December 2016

The Insurance Regulatory and Development Authority of India, the countries authority for insurance and reinsurance rules and market access, has approved five global leading global reinsurance firms to launch their branch operations there. The list of reinsurance firms that have received so-called R3 approval includes the largest four global players, Germany's ... Read the full article

Reinsurance News – Friday 23rd December 2016

23rd December 2016

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. ... Read the full article

Peak Re licensed for Zurich reinsurance subsidiary

23rd December 2016

Peak Reinsurance Company Ltd., a top 50 global reinsurance firm from Hong Kong, has been granted approval to set up a subsidiary, Peak Reinsurance AG, by the Swiss Financial Market Supervisory Authority (FINMA). Peak Re AG, which will be the firm's main underwriting hub in continental Europe, will be based in ... Read the full article

Manning named Reinsurance Group of America CEO, as Woodring retires

22nd December 2016

Anna Manning has been named as the new Chief Executive Officer (CEO) of Reinsurance Group of America by the company's Board, effective January 1st 2017, as current CEO Greig Woodring is set to retire. Manning became President at Reinsurance Group of America in November 2015. At the time of her appointment ... Read the full article

Reinsurance News – Thursday 22nd December 2016

22nd December 2016

Here’s your daily Reinsurance News for Thursday 22nd December 2016: Execution risks sit on Allied World’s side in M&A with Fairfax Financial Ratings agency A.M. Best has warned of "inherent execution risks" in the merger agreement between Allied World and Fairfax Financial, citing that the majority appears to sit with ... Read the full article

Execution risks sit on Allied World’s side in M&A with Fairfax Financial

21st December 2016

The execution risk associated with the impending merger of Canadian property & casualty insurance and reinsurance group Fairfax Financial Holdings Limited and specialty insurance, reinsurance and investments player Allied World Assurance Company Holdings, AG, sits largely with the latter it appears. Rating agency A.M. Best highlights that while there are ... Read the full article

Reinsurance News – Wednesday 21st December 2016

21st December 2016

Here’s your daily Reinsurance News for Wednesday 21st December 2016: FEMA’s 2017 NFIP flood reinsurance purchase underway The U.S. Federal Emergency Management Agency (FEMA) has started its procurement process for a 2017 flood reinsurance program for the NFIP. Reinsurer Brexit planning to accelerate in 2017 Insurance and reinsurance companies across ... Read the full article

Reinsurer Brexit planning to accelerate in 2017

20th December 2016

Insurance and reinsurance businesses across Europe are expected to accelerate their Brexit planning in 2017, as urgency rises within the industry and the need to ensure continuity in operating models becomes paramount. According to Ivor Edwards of global law firm Clyde & Co in London, the actual timing of the triggering ... Read the full article

Re/insurance M&A could slow on Trump uncertainty

20th December 2016

Uncertainty about the incoming Presidential administration of Donald Trump could slow down U.S. insurance and reinsurance merger & acquisition activity in the first-half of 2017, according to Vikram Sidhu, of Clyde & Co. in New York. Given the expectation that Trump's administration will result in some dramatic swings in policy direction, ... Read the full article

Foreign reinsurers may need to restructure South African operations

20th December 2016

Foreign reinsurance companies operating in South Africa may find that they need to restructure their operations and the way they access the marketplace, in the wake of substantial changes from a recent Insurance Bill. Due to the enacting of this Insurance Bill there will be a tightening on the prohibition of ... Read the full article

Reinsurance News – Tuesday 20th December 2016

20th December 2016

Here’s your daily Reinsurance News for Tuesday 20th December 2016: Bart Hedges leaving Greenlight Re, to step down as CEO & from board The CEO of hedge fund reinsurer Greenlight Re, Bart Hedges, is to step down from his position as of March 31st 2017, and also from his Board ... Read the full article

Doran to join James River Group as CFO, leaving Allied World

20th December 2016

Sarah Doran is joining Bermuda based insurance and reinsurance holding company James River Group Holdings, Ltd. as Chief Financial Officer in the New Year, leaving her current role at Allied World Assurance Company Holdings, AG. Doran has been with Allied World, the re/insurer that is set to merge with Prem ... Read the full article