Reinsurance News
life insurance
Life insurance and reinsurance news and analysis can be found below. The life insurance and reinsurance sector remains a key component in providing life, annuity, accident, health and benefits related insurance and reinsurance products.
Large reinsurance agreements impact performance of U.S. life/annuity sector in 2017
10th September 2017
The U.S. life/annuity market recorded net income of $18.5 billion in the first-half 2017, compared with a $2.6 billion net loss for the same period in 2016. Results that A.M. Best says were significantly impacted by the effects of large reinsurance agreements over the last two years. Global ratings agency A.M. ... Read the full article
Re/insurers could see earnings pressured by rising mortality rates
23rd August 2017
Rising mortality rates among the younger population in the U.S. could impact revenues for insurers and reinsurers that cater to lower-income markets, A.M. Best warned. In the last two years there's been an increase in mortality rates among younger age groups which could translate into earnings pressure on firms operating in the ... Read the full article
Life reinsurers’ strong risk management to assist emerging market growth: S&P
22nd August 2017
Advanced and strong risk management and underwriting capabilities will support reinsurers as they navigate the challenges of the expanding life reinsurance industry in emerging markets, according to ratings agency, Standard & Poor's (S&P). S&P expects emerging life insurance markets to drive the expansion of the global life reinsurance sector in ... Read the full article
MS&AD Insurance buys stake in Australian life & annuities firm Challenger
16th August 2017
Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has bought a stake in an Australian life and annuities specialist as it looks for further diversification. Japanese insurance groups have been investing in operations around the globe as they look to diversify their businesses away from ... Read the full article
AIG seeks buyer for $2 billion life portfolio
16th August 2017
Sources told Reuters that American International Group has plans to sell a $2 billion life portfolio, with private equity giant Apollo Global Management being among prospective buyers. Investment bankers at Goldman Sachs Group are allegedly helping AIG unload the life settlement assets, which trigger when sick or elderly customers ... Read the full article
S&P predicts continued profits in life reinsurance driven by market concentration
15th August 2017
The concentration of the global life reinsurance market and high barriers to entry for new players will contribute to the continued profitability of the sector, according to analysis from rating agency Standard & Poor's (S&P). In its latest global life reinsurance market report, S&P noted the impressive profitability of the sector in ... Read the full article
Australia’s Commonwealth Bank to sell CommInsure following reputation loss
14th August 2017
Australia’s largest provider of superannuation insurance, the Commonwealth Bank, announced plans to sell its CommInsure life insurance arm following a bout of negative publicity over the firm's claims payment and processes, the New Daily reported. Chief Executive Ian Narev said in an announcement earlier this week the bank was holding ... Read the full article
Reports claim Generali is looking to sell its $50bn German life insurance portfolio
13th July 2017
Reports from Reuters claim that Italian insurer Generali is looking to sell its €44 billion (US$50 billion) German life insurance portfolio, as low-interest rates and more rigorous capital rules across Europe hinder operations. According to Reuters' sources close to the matter, Morgan Stanley is looking at options, which includes the sale ... Read the full article
U.S. Life & Health sector net income up 73.5% in Q1 2017: A.M. Best
1st June 2017
The U.S. Life/Health (L/H) insurance and reinsurance industry recorded net income of $7.7 billion in the first-quarter of 2017 compared with $4.5 billion a year earlier, representing growth of 73.5%, according to analysis from global rating agency A.M. Best. The analysis includes data from companies that make up an estimated 84% ... Read the full article
Global Atlantic appoints life insurance veteran Barnett as Head of Sales
20th April 2017
Global Atlantic Financial Group, a leading U.S.-focused retirement life re/insurer, has appointed Sam Barnett as new Head of Sales for its life insurance segment. Barnett - an industry veteran boasting over 20 years of life insurance experience - will be responsible for reshaping and executing the firm's life insurance sales strategies. David ... Read the full article
SCOR grows longevity reinsurance business in 2016
27th February 2017
French insurer and reinsurer SCOR reported growth in its longevity business during 2016 driven by a strong fourth-quarter for the segment, with the company highlighting growth potential with life business in the UK and elsewhere. The majority of insurance and reinsurance companies have now reported their results for the fourth-quarter and ... Read the full article
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