Menu

Reinsurance News

Swiss Re not counting out M&A, but it has to add value: CEO Mumenthaler

27th February 2018

Reinsurance giant Swiss Re, while carefully assessing a potentially transformational investment from tech giant SoftBank, is also open to mergers and acquisitions, but CEO Christian Mumenthaler explained that M&A deals have to add value. Speaking about the reinsurance firm's annual results last week, Mumenthaler said that any M&A deals it ... Read the full article

UK life insurers’ longevity risk could spur life reinsurance demand: S&P

27th February 2018

UK life insurers are facing material longevity risks as the sector undergoes significant change leading to increased diversification of business and products and spurring demand for longevity reinsurance uptake, according to a recent S&P report. "Historical sales of individual annuities mean that longevity risk will still be material in the future. "However, ... Read the full article

Cyber re/insurance market “frustratingly immature”: Inga Beale, Lloyd’s

27th February 2018

Lloyd's Chief Executive Officer (CEO) Inga Beale, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris recently that the cyber insurance and reinsurance market remains "frustratingly immature" and highlighted partnerships as the best way to tackle the risk. “In 2016, the stand-alone cyber market reached an estimated ... Read the full article

XINSURANCE announces new ‘All-in-one’ insurance policy

27th February 2018

XINSURANCE has revealed a brand new ‘All-in-one’ insurance policy. The customised strategy will be the first of its kind and will cover specialty liability, property and professional liability insurance protection under one policy. The ‘All-in-one’ approach will provide broader coverage to business owners and will collaborate with reinsurance partners to provide ... Read the full article

Association of British Insurers’ head stresses need for ‘straightforward’ Brexit

27th February 2018

Huw Evans, Director General of the Association of British Insurers (ABI), has dedicated his speech at the association’s annual dinner to criticising the conduct of the British Government in recent negotiations concerning the UK’s departure from the European Union (EU), and has stressed the insurance industry’s need for a straightforward ... Read the full article

Argo Pro partners with eBaoTech to streamline core processes

27th February 2018

Argo Pro, a division of Argo Group, has announced a partnership with leading digital-insurance-solutions provider, eBaoTech Corporation, to streamline and modernise Argo Pro’s core insurance processes. Argo Pro will use eBaoTech’s platform to integrate policy administration, claims handling, billing and sales-channel administration, to enhance Argo Pro's management liability products that can ... Read the full article

Cybercriminals steal up to 1% of global GDP in 2016: CSIS, McAfee

27th February 2018

Cybercrime ranks third in dollar value as a global scourge leaving losses of close to $600 billion annually, or about 1% of global GDP a year, according to a joint Centre for Strategic and International Studies (CSIS) and McAfee report, making cyber risk re/insurance and mitigation more pertinent than ever ... Read the full article

PRA and UK Treasury consulting on extensive Solvency II reform package: Sam Woods

27th February 2018

Speaking at the annual conference of the Association of British Insurers (ABI), Sam Woods, Deputy Governor for Prudential Regulation and Prudential Regulation Authority (PRA) Chief Executive Officer (CEO) said consultations are now underway for an extensive package of reforms that aim to improve re/insurers' implementation of Solvency II. Woods said that ... Read the full article

W.R. Berkley Corporation names John Kearns as president of Mid-Atlantic Group

27th February 2018

W.R. Berkley Corporation has announced the appointment of John Kearns as president of the Berkley Mid-Atlantic Group, set to succeed Susan Grady with immediate effect. Kearns brings over 40 years experience in the property casualty insurance sector, and has most recently served as executive vice president in sales, marketing and underwriting ... Read the full article

Willis Towers Watson launches cyber solution for aviation industry

27th February 2018

Willis Towers Watson has launched a tailored cyber insurance solution for the general aviation industry, Willis Towers Watson Aerospace Cyber Guard. The product is available to North American-based general aviation companies, including charter operators, tour operators, flying clubs, flight schools, fixed-based operators, maintenance repair operators, small aviation-related manufacturing and fleet management ... Read the full article

Multinationals cite major concern over growing political risk: Marsh

27th February 2018

Geopolitical instability remains a top concern for multinational businesses in 2018 with events such as the North Korea missile crisis, Euroscepticism, and increased trade protectionism, driving political risk that could boost demand for credit and political risk re/insurance. Marsh's 2018 Political Risk Map found regions facing political turbulence or increased protectionist trends ... Read the full article

Federal Budget changes could hit crop insurers’ underwriting profits: KBW

27th February 2018

The proposed Federal Budget could negatively impact the crop insurance industry, with about $26 billion of the proposed savings affecting crop insurers through capped underwriting profits along with reduced eligibility and lower subsidies, according to Keefe, Bruyette & Woods. The revised budget hopes to make  about $47 billion of Farm Bill-related ... Read the full article

‘Technology will completely disrupt insurance industry’ warns Kielholz, Swiss Re

26th February 2018

Walter Kielholz, Chairman of Swiss Re, has dedicated a significant portion of his message in the company’s 2017 financial review to cautioning the reinsurance industry on the uncertainties posed by technology. Kielholz cites “digitalization, big data, robotics artificial intelligence” as potential threats to the stability of the industry and suggests ... Read the full article

JLT Specialty appoints Leon Steenkamp as Head of Tax Insurance for M&A practice

26th February 2018

JLT Specialty has appointed Leon Steenkamp to Head of Tax Insurance within its Financial Lines Group Mergers and Acquisitions insurance practice. In his new role, Steenkamp will focus on growing the tax insurance business in the UK market, as well as supporting other JLT geographies. Ben Crabtree, Head of M&A Insurance for ... Read the full article

Travelers appoints Bruce Gifford to Enterprise Chief Data and Analytics Officer

26th February 2018

Travelers has announced the appointment of Bruce Gifford to the newly created role of Enterprise Chief Data and Analytics Officer. In his new role, Gifford will be responsible for accelerating the transformation of data into insights through technologies, including artificial intelligence tools and techniques. He is set to report to Michael Klein, ... 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.