Reinsurance News
Munich Re Chairman von Bomhard enters Insurance Hall of Fame
12th December 2016
Chairman of the Board of Management at reinsurance giant Munich Re, Nikolaus von Bomhard, has been announced as the 2017 Insurance Hall of Fame Laureate, by the International Insurance Society (IIS). The IIS today announced that Dr. von Bomhard is the latest addition to the Insurance Hall of Fame, which honours insurance ... Read the full article
Reinsurance News – Monday 12th December 2016
12th December 2016
Here’s your daily Reinsurance News for Monday 12th December 2016: Reinsurance profitability pressure increases: EIOPA Regulator EIOPA has warned that the reinsurance market can expect rate declines and pressure on profits in the sector to persist, as market headwinds continue to challenge the market. XL Catlin’s reinsurance segment ... Read the full article
Public-private Chinese reinsurance firm Qianhai Re rated
11th December 2016
Qianhai Reinsurance Co., Ltd., the fourth reinsurer to gain approval for launch in China, has been rated A- by A.M. Best and now begins its task of seeking relevance within its domestic market, with global ambitions also on the cards we understand. Launching with around RMB 3 billion (approximately US$460 million), ... Read the full article
XL Catlin’s reinsurance segment announces leadership changes
9th December 2016
Insurer and reinsurer XL Catlin has announced several leadership changes within its reinsurance operations, including the appointment of Charles Cooper, currently Chief Executive Bermuda Reinsurance, as Chief Executive of XL Catlin’s Reinsurance business group. Replacing Cooper in Bermuda will be XL Catlin's current Chief Executive London Reinsurance, Jonathan Gale, subject to Bermuda immigration approval. ... Read the full article
Reinsurance News – Friday 9th December 2016
9th December 2016
Here’s your daily Reinsurance News for Friday 9th December 2016: NFIP proposal calls for capital market reinsurance alternatives A new proposal calls for the use of traditional and alternative reinsurance and risk transfer solutions to support the de-risking of the U.S. government's National Flood Insurance Program (NFIP). W.R. ... Read the full article
Even Munich Re’s normalised combined ratio nears breakeven
8th December 2016
International financial services ratings agency, Fitch Ratings, has commented on the impact the softening reinsurance market is having on the underwriting profitability of reinsurer Munich Re, stating that the company's P&C reinsurance normalised combined ratio deteriorated to 99.9% in the first nine months of 2016. Lower than expected losses from natural ... Read the full article
Reinsurance News – Thursday 8th December 2016
8th December 2016
Here’s your daily Reinsurance News for Thursday 8th December 2016: Cost-of-capital to be a struggle in reinsurance: S&P Global ratings agency Standard & Poor's has warned that reinsurers are going to find it increasingly difficult to meet cost-of-capital requirements in the softening landscape. Aon looks to sell ... Read the full article
Guy Carpenter & Munich Re help CGIF to first reinsurance treaty
7th December 2016
Reinsurance giant Munich Re and broker Guy Carpenter have helped the Credit Guarantee and Investment Facility (CGIF) complete its first reinsurance treaty, signalling a new beginning for specialty reinsurance in Asia. The innovative reinsurance treaty was executed with a panel of leading reinsurers, led by Munich Re's specialist credit reinsurance team. The ... Read the full article
Reinsurance News – Wednesday 7th December 2016
7th December 2016
Here’s your daily Reinsurance News for Wednesday 7th December 2016: Enstar enters into $919 million QBE Legacy deal Enstar Group has revealed that one of its subsidiaries has entered into an agreement with a division of QBE Insurance Group, to reinsure U.S. P/C business, assuming gross reinsurance reserves of roughly $919 ... Read the full article
Mike Hudzik to head Swiss Re’s North American Casualty Hub
6th December 2016
Reinsurance giant Swiss Re has announced the appointment of Mike Hudzik as Head of its North American Casualty Hub, a role that will also see him join the firm’s Americas Management Team and Casualty Management Team. Previously Senior Vice President (SVP) at reinsurance firm Swiss Re, where he was responsible for ... Read the full article
Reinsurance News – Tuesday 6th December 2016
6th December 2016
Here’s your daily Reinsurance News for Tuesday 6th December 2016: Liberty Mutual to acquire Ironshore from Fosun International Liberty Mutual has announced the acquisition of Ironshore from Fosun International, a deal that is expected to close in the first half of 2017. The purchase price is subject to closing price ... Read the full article
Reinsurance News – Monday 5th December 2016
5th December 2016
Here’s your daily Reinsurance News for Monday 5th December 2016: Swiss Re to cut back on P&C, but positive on re/insurance industry trends Reinsurance giant Swiss Re has said that the long-term outlook for the re/insurance industry is positive, highlighting growth potential in risk pools. The firm also revealed ... Read the full article
Reinsurance News – Friday 2nd December 2016
2nd December 2016
Here’s your daily Reinsurance News for Friday 2nd December 2016: Krefta to become CEO of Hiscox Bermuda, Hiscox Re & ILS Insurer and reinsurer Hiscox has announced that Jeremy Pinchin is to return to London, and leave his position as CEO of Hiscox Bermuda and CEO of Hiscox Re and ... Read the full article
Reinsurance News – Thursday 1st December 2016
1st December 2016
Here’s your daily Reinsurance News for Thursday 1st December 2016: NZ quake to cost re/insurers up to NZ$5bn, business interruption key New Zealand's Reserve Bank has said that the recent magnitude 7.8 earthquake that struck the Kaikoura area of New Zealand could result in an insurance and reinsurance bill of as ... Read the full article
Reinsurance News – Wednesday 30th November 2016
30th November 2016
Here’s your daily Reinsurance News for Wednesday 30th November 2016: Arch Capital to raise $950 million to help finance United Guaranty deal Arch Capital Group Ltd. is looking to raise $950 million in debt to help finance its acquisition of AIG's United Guaranty division. The firm also revealed that some ... Read the full article
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