Menu

Reinsurance News

Higher U.S. interest rates promote pension-risk transfer

15th March 2017

Higher interest rates could incentivise the growth of U.S. pension-risk transfer business as rate changes make it less expensive for employers to transfer pension obligations, providing a further catalyst in what's become a thriving cross-Atlantic longevity risk transfer business. Chief Investment Officer of United Technologies Corp, Robin Diamonte, told the Wall Street ... Read the full article

Insurance supervisors must understand and adapt to FinTech: IAIS

15th March 2017

The development of innovative FinTech has the potential to disrupt the global insurance and reinsurance industry in numerous ways, highlighting a range of challenges and opportunities for insurance supervisors, says the International Association of Insurance Supervisors (IAIS). In a new report, the IAIS explores the potential disruption the global insurance industry ... Read the full article

Fortune Financial requests share of India government premiums

15th March 2017

Fortune Financial’s reinsurance entity ITI has requested it be given a share of the reinsurance premium currently designated for government-owned GIC Reinsurance, in a letter to India's insurance industry regulator, the Insurance Regulatory and Development Authority of India (IRDAI), according to reports. According to CNBC- TV18 sources, the reinsurer wrote to IRDAI officials, ... Read the full article

Qatar Re capitalisation passes the $1 billion mark

15th March 2017

Bermuda domiciled reinsurance firm hailed the completion of its recent significantly oversubscribed $450 million perpetual bond debt issuance today, saying that it takes the reinsurers capital passed the $1 billion mark. Size still does matter in reinsurance, with some cedents continuing to tier their reinsurance panel based on factors such ... Read the full article

Conservative guidance given as Munich Re sets itself up for ongoing softness

15th March 2017

Global reinsurance giant Munich Re has delivered relatively conservative profit guidance for 2017, targeting a range of EUR 2 billion to EUR 2.4 billion, as it sets itself up to navigate expected challenges and softness in the market. The mid-point of the firms 2017 profit target is below the consensus expectation ... Read the full article

Reinsurance News – Wednesday 15th March 2017

15th March 2017

Here’s your daily Reinsurance News for Wednesday 15th March 2017: Conservative guidance given as Munich Re sets itself up for ongoing softness Reinsurance giant Munich Re has announced a conservative profit guidance for 2017, targeting a range of between €2 billion to €2.4 billion, in response to the softening marketplace. ... Read the full article

Flattening U.S. commercial rates could pressure reinsurance

14th March 2017

Re/insurance broker Willis released its 2016 Q4 survey results for U.S. commercial insurance recently, showing a tough market space for reinsurers as prices continue to flatten, although auto insurance provided the exception with continued pricing growth despite a saturated market. The Commercial Lines Insurance Pricing Survey (CLIPS), compared commercial lines prices from ... Read the full article

Lloyd’s backs liability catastrophe risk modelling methodology

14th March 2017

Insurers and reinsurers will be able to model liability exposures across entire portfolios thanks to the development of an innovative methodology that offers a new way of analysing casualty events, ultimately improving the robustness of the marketplace. The innovative data-driven methodology has been developed by risk modeller Arium in collaboration with ... Read the full article

Blockchain: Why re/insurers need to take control of their future

14th March 2017

In this contributed article, Tom Johansmeyer, assistant vice president, PCS Strategy and Development, at ISO Claims Analytics, a division of Verisk Insurance Solutions, discusses the need for insurance and reinsurance market participants to engage with the global blockchain community. Blockchain: Why re/insurers need to take control of their future Waiting for a ... Read the full article

2016 insurance premium growth areas highlight need for reinsurance

14th March 2017

Global insurance premiums increased by 4.4% during 2016 when compared with the previous year, driven largely by the continued expansion of the Chinese marketplace, but also growth in other peril regions, suggesting a need for greater reinsurance demand across the globe. The latest, global analysis on insurance premiums by Allianz Research, ... Read the full article

China ramps up regulation for offshore reinsurers

14th March 2017

China has set up an offshore reinsurance credit risk deposit scheme, requiring offshore reinsurers to hold credit with a domestic company to protect against what it sees as high offshore credit risk. The Chinese insurance and reinsurance industry regulator, the CIRC, introduced the scheme in a statement released yesterday after labelling ... Read the full article

NAICOM urged to level playing field for Nigerian reinsurers

14th March 2017

Pan-African reinsurance company Africa Re has an unfair, dominant share of the Nigerian reinsurance market, which is causing local reinsurance companies to perform below expectations, according to reports from the region. This is according to online Nigerian insurance and pension news reporting website Inspenonline, which, citing an unnamed industry expert, says that Africa ... Read the full article

Philippines to chair APEC Disaster Risk & Insurance strategy

14th March 2017

Philippines Finance Secretary Carlos G. Dominguez III has accepted Peru’s offer to act as chairman of the Asia-Pacific Economic Cooperation’s (APEC) Disaster Risk Finance and Insurance strategy (DRFI), Business World reported this morning. The DRFI is responsible for developing financial protection strategies to improve government’s resilience and quick-response measures to disasters ... Read the full article

Tax reforms not expected to result in onshore reinsurance moves (yet)

14th March 2017

The expectation that tax reforms may be coming that affect the offshore reinsurance industry does not necessarily mean that a wave of reinsurers will be moving to set up in the U.S., according to Credit Suisse analysts. Discussing insights learned at a recent conference and citing RenaissanceRe President and CEO Kevin ... Read the full article

Reinsurance News – Tuesday 14th March 2017

14th March 2017

Here’s your daily Reinsurance News for Tuesday 14th March 2017: Warren Buffett’s Berkshire Hathaway should buy AIG Meyer Shields of Keefe, Bruyette & Woods recently said that Warren Buffett's Berkshire Hathaway should buy insurance giant AIG. Flood risk privatisation back on the U.S. political agenda The U.S. Housing and Insurance Subcommittee ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.