Reinsurance News

Great-West Lifeco

Average combined ratio of the world’s top reinsurers declined in 2019

2nd September 2020

Analysis of the Top 50 Global Reinsurance Groups reveals that, year-on-year, combined ratios trended higher for some of the largest players in the market in 2019 as underwriting profitability dipped for the cohort. When ranked by unaffiliated gross written premiums (GWP) in 2019, the top ten remains relatively unchanged year-on-year, ... Read the full article

Great-West Lifeco announces key leadership changes

18th February 2020

Insurance-centered financial holding company Great-West Lifeco has made a series of leadership changes, including the appointment of Arshil Jamal to the newly-created role of President and Group Head, Strategy, Investments, Reinsurance and Corporate Development. Jamal, who currently serves as President and COO, Europe & Reinsurance, will be focused on identifying and ... Read the full article

Protective completes reinsurance transaction with Great-West Lifeco

4th June 2019

Great-West Lifeco Inc. subsidiary, Great-West Life & Annuity Insurance Company (GWL&A) has completed the sale, via reinsurance of all of its individual life insurance and annuity business to Protective Life Insurance Company, a subsidiary of Protective Life Corporation. The transaction was previously announced on January 24th, 2019 and the business sold includes bank-owned ... Read the full article

Great-West Lifeco estimates HIM losses of $175 million

31st October 2017

Great-West Lifeco Inc. has said that hurricanes Harvey, Irma, and Maria will result in a combined after-tax reinsurance loss of $175 million for the company, which will be included in its third-quarter results. Great-West Lifeco provides property catastrophe protection to reinsurers through its subsidiary, London Reinsurance Group Inc., making it exposed to ... Read the full article

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