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
12th April 2017
The latest Group Watch report from reinsurance giant Swiss Re shows solid growth in the UK group life market, with 520,000 newly covered members in 2016, taking the number of people covered by Group life schemes to beyond 12 million. "This year's results paint a very positive picture at a difficult ... Read the full article
5th April 2017
As well as an opportunity to support life insurers' increasing capital needs, life reinsurance market players can also assist with the technological transformation of the industry, according to analysts at Berenberg. The growing risk of disruption from regulatory changes and digitalisation, combined with technological advances sweeping through many parts of the ... Read the full article
4th April 2017
PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited. Aurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S. Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance ... Read the full article
3rd April 2017
French headquartered global reinsurance player SCOR has received approval to open a Japanese branch office for life and health reinsurance operations under its SCOR Global Life SE brand. The Financial Services Agency of Japan (FSA) has approved SCOR Global Life SE's application to open a branch office in Tokyo as of ... Read the full article
30th March 2017
Life reinsurance market growth in Asia could exceed the forecasted 10-15% primary insurance market increase in what’s forecasted to be a period of boom for the emerging life segment in Asia, Berenberg analysts said in their latest report on emerging Asian markets. This surge is expected to be driven by rising reinsurance ... Read the full article
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
14th February 2017
French reinsurance firm SCOR has announced a number of senior appointments in its Global Life reinsurance business unit, as it promotes a number of staff from within. Paolo De Martin, Chief Executive Officer of SCOR Global Life, commented; "With today's promotions we continue to optimally position SCOR Global Life for the ... Read the full article
9th February 2017
After numerous issues in the Australian life and health insurance business, primary companies are increasingly looking to life reinsurance opportunities, in order to transfer exposures from older business and to resolve capital issues. Industry wide deterioration in lapse rates and rising claims trends have both impacted the life and health business ... Read the full article
27th January 2017
The fundamentals of the U.S. life reinsurance market remain stable, as the defensible positions of the five large reinsurers writing the majority of U.S. mortality risks characterise the sector, according to A.M. Best. Life reinsurance in the U.S. is not as competitive as in some other regions of the world, such ... Read the full article
26th January 2017
Reinsurance giant Munich Re has announced that it will merge the reinsurance operations of its Munich Health unit with its Munich Re Life department, and has appointed member of its Board of Management, Thomas Blunck, to lead the operation in the future. The Germany domiciled reinsurance company also announced that it's ... Read the full article
25th January 2017
Global reinsurance firm SCOR has added two life reinsurance related hires in the United States, to join the team that manages the reinsurers daily Life reinsurance operations in the Americas. David Anderson has been named, Senior Vice President, US Life Reinsurance, and Alan Routhenstein has been named, Senior Vice President, Financial ... Read the full article
23rd January 2017
Thailand’s Ministry of Finance has relaxed legislation to attract foreign investors and promote stability within its insurance and reinsurance industry. Under the new measures, current limits on foreign shareholding and board membership for life and non-life insurance companies will be removed or broadened. A licensed insurance company can now apply for up to ... Read the full article
20th January 2017
French reinsurance firm SCOR has participated in a UK£300 million longevity swap transaction, providing reinsurance capital to back 80% of the transaction, while insurer Zurich retained the remaining longevity risk. It's the first so-called streamlined longevity swap deal that SCOR has participated in, with the transaction having been facilitated through a ... Read the full article
15th December 2016
Greig Woodring, Chief Executive Officer (CEO) of Reinsurance Group of America (RGA), one of the world's leading life reinsurers, has been appointed to Sun Life Financial's Board of Directors effective January 1st, 2017. As well as the addition of Woodring, Sun Life Financial also announced that Stephanie Coyles, a strategic consultant and ... Read the full article
