Reinsurance News

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QBE Insurance Group reshapes senior management team

11th April 2018

QBE Insurance Group Limited has announced a major reshaping of their senior management team as Inder Singh succeeds Michael Ford as Chief Financial Officer (CFO), Peter Grewals is appointed as Chief Risk Officer (CRO), Liam Buckley as Head of Culture and Talent, Matt Mansour as Chief Information Officer, and Anders ... Read the full article

Rothesay Life appoints Naguib Kheraj to Board Chairman

15th January 2018

Rothesay Life has appointed Naguib Kheraj to Chairman of the Board set to succeed Ray King who will move into Kheraj's current board position as Non-Executive Director. Rothesay Life also announced that Stan Beckers and Terry Miller have joined the board as independent Non-Executive Directors and Glenn Earle and Dermot McDonogh have ... Read the full article

Langhorne Re launched by RGA and RenRe as in-force life & annuity reinsurer

11th January 2018

Two major global reinsurance firms, Reinsurance Group of America and RenaissanceRe, have launched a new start-up named Langhorne Re, which will target in-force life and annuity business and leverage third-party capital as part of its backing. Langhorne Re will be a global reinsurer targeting large in-force life and annuity blocks, the ... Read the full article

Athene to reinsure $19 billion of Voya Financial annuity liabilities

21st December 2017

Athene Holding has entered into an agreement with Voya Financial to reinsure about $19 billion of fixed and fixed indexed annuity liabilities. Prior to the closing of the transaction which is set for the second or third quarter of 2018, Athene will evaluate a range of potential debt financing alternatives, which the ... Read the full article

Reinsurers’ M&A strategies could be hit by recent capital loss events

10th November 2017

As reinsurers cope with significant third-quarter catastrophe-related losses, research analysts speaking at the 2017 Bermuda Reinsurance Conference said they believed that although the hit to reinsurer balance-sheets would be less severe than in previous high-loss years, it would impact firms' M&A strategies. "It seems like, if you look at the hits ... Read the full article

Reinsurers’ hopes for substantial rate increases could be dashed

10th November 2017

Reinsurers hopes for substantial price increases in the global reinsurance market in the aftermath of recent catastrophes could be dashed as the capital surplus waiting to enter the market could rebalance the scale against downwards pricing pressure. Research analysts who spoke on a panel at the 2017 Bermuda Reinsurance Conference contradicted ... Read the full article

Beazley adds David Roberts to Board as non-exec director

25th October 2017

London-based insurer and reinsurer, Beazley plc, has appointed David Roberts to its Board as a non-executive Director, and future non-executive Chairman of the Board. Roberts has been Chairman of Nationwide Building Society since July 2015, and will join the Beazley Board as a non-executive Director from November 1st, 2017. Furthermore, from March, ... Read the full article

Swiss Re integrates ESG benchmarks into investment decisions

7th July 2017

Swiss Re has become one of the first reinsurers to incorporate benchmarks to systematically integrate environmental, social and governance (ESG) criteria into the firm's investment decisions - a process which the firm said improves investment value by reducing downside risks for long-term investors. These benchmarks place a renewed emphasis on ESG ... Read the full article

Ogden rate & market innovation: UK Economic Secretary Steven Barclay

28th June 2017

The UK Economic Secretary Steven Barclay said yesterday in a speech at the Association of British Insurers conference, the government is consulting on how to set the Ogden rate for England and Wales, to ensure a "better and fairer system for claimants and defendants." Barclay said; "We are currently considering the ... Read the full article

Liberty Mutual completes specialty insurer Ironshore acquisition

2nd May 2017

Liberty Mutual Insurance - one of the largest property and casualty insurer's in the U.S. - has announced the completion of its acquisition of global specialty insurer Ironshore. Liberty purchased the firm from Fosun International for $2.935 billion after receiving regulatory approvals. The transaction took place under the guidance of Barclays Capital as financial ... Read the full article

Hiscox appoints new Chief Information Officer

19th April 2017

Insurance and reinsurance group Hiscox has appointed a new Chief Information Officer (CIO), naming Ian Penny, previously CTO of Barclays in the role. At Hiscox, Penny will be in charge of the Group's IT, with a team of 300 under his leadership and will report directly to CEO Bronek Masojada. Penny replaces ... Read the full article

Colin Kerley joins RMS as new senior vice president from AXIS

3rd April 2017

Leading risk modeling and analytics firm, RMS, has announced Colin Kerley as new senior vice president of the firm’s platform solutions. In his new role Kerley will oversee RMS market and product development teams to improve business and strategic imperatives, reporting to Michael Steel, head of RMS global solutions practice. Steel commented on Kerley's ... 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