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Life reinsurance news

No-deal Brexit may reduce UK life insurers’ capital and profits: Moody’s

2nd April 2019

Moody’s Investors Service expects UK life insurers to experience reduced capital and profits in the event of a no-deal Brexit scenario, as well as more limited growth prospects. The rating agency considers UK life players as particularly exposed to a no-deal outcome given their high asset leverage, their significant exposure to ... Read the full article

Hannover Re sets up life reinsurance vehicle Kubera, closes first deal

11th March 2019

Reinsurance giant Hannover Re has established a new Bermuda-domiciled Class C reinsurance vehicle named Kubera Insurance (SAC) Ltd., registering the vehicle in October 2018 before receiving a licence for it in December. The Kubera vehicle appears to have been established specifically for Hannover Re's U.S life reinsurance business to enter into ... Read the full article

China’s interest rate reforms to support life re/insurers: Swiss Re

22nd January 2019

Reforms to China’s interest rate regime are expected to help kick-start the savings-based life insurance products segment in the country and support the development of re/insurers’ asset management capabilities, according to a report from Swiss Re Institute. Analysts predict that China’s current two-track interest rate system will become uniform by the ... Read the full article

KBRA stable on U.S life as industry approaches slowdown

4th January 2019

Kroll Bond Rating Agency (KBRA) has maintained a stable outlook for the U.S life re/insurance industry despite signs that the market may be approaching a slowdown in profitability. In recent years, KBRA suggested that the macroeconomic environment has generally been supportive of the U.S life industry, while rising rates have offset ... Read the full article

Swiss Re takes further investment in ReAssure from MS&AD

20th December 2018

Global reinsurance firm Swiss Re has taken a further minority investment from insurance holding company MS&AD into ReAssure, taking the Japanese firms stake to 25%. MS&AD Insurance Group Holdings Inc (MS&AD) already holds around 15% of the shares in Swiss Re's UK closed life book consolidator ReAssure, having bought into ... Read the full article

Barents Re to target life expansion and bonds opportunities

14th December 2018

Specialist reinsurance firm Barents Re has identified Life reinsurance in emerging markets as a key area of expansion for the company, as well as further opportunities in its established Bonds lines. Speaking with Global Banking & Finance Review, President and CEO of Barents Re Gerardo Garcia noted that the Life and ... Read the full article

Unified Life to reinsure all life & health policies of Midwest Holding business

7th December 2018

Midwest Holding Inc. has announced that its wholly owned subsidiary, American Life & Security Corp., has entered into an Assumption and Indemnity Reinsurance Agreement with Texan re/insurer Unified Life Insurance Company. The agreement will see Unified Life take on 100% of the liabilities and obligations of all American Life’s life, annuity ... Read the full article

Swiss Re appoints Paul Murray as Head of Life & Health Products

7th December 2018

Swiss Re has announced the appointment of Paul Murray to the position of Head Life & Health (L&H) Products, effective immediately. He takes on the role from Russell Higginbotham, who was appointed as Swiss Re’s Chief Executive Officer (CEO) for Reinsurance EMEA in September. Murray has been with Swiss Re since ... Read the full article

U.S. life re/insurance 2019 outlook stable amid benign credit conditions

29th November 2018

The fundamental sector outlook for U.S life re/insurers in 2019 is stable, with continued benign credit conditions, reduced pressure from low interest rates and strong balance sheet metrics supportive of ratings expectations, Fitch Ratings says. However, Fitch's stable sector outlook remains vulnerable to a big market shock, which it views as ... Read the full article

European life re/insurers benefit from shift to higher margin products: J.P. Morgan

27th November 2018

European life re/insurers are to benefit from the introduction of higher margin products going forward, which is reflected in the life operating margin recently posted by Italian insurer Generali, according to analysts at J.P. Morgan. The firm attributed Generali’s higher operating margin to the new, lower guarantee products that it ... Read the full article

Australian life sector looks to reinsurance to ease pressure: Guy Carpenter

19th November 2018

The life insurance sector in Australia and New Zealand is increasingly looking to reinsurance as a strategic capital management tool to alleviate the pressure from regulatory requirements, shareholders, and foreign investment, according to a report from reinsurance broker Guy Carpenter. Matthew Rose, Managing Director at Guy Carpenter, noted that the underlying ... Read the full article

Short-term policies will open new markets for life re/insurers: Hannover Re’s Laudato

5th November 2018

New categories of short-duration life insurance products will allow re/insurers to access new markets and pools of customers, according to Tony Laudato, Vice President of Partnership Solutions, Hannover Re US. Speaking in an interview with Reinsurance News, Laudato explained that short-duration policies, such as the one recently developed by Hannover ... Read the full article

Life reinsurers must better adapt to cedents’ needs: Guy Carpenter

31st October 2018

The life reinsurance sector has been shrinking for a number of years, but reinsurers can remain relevant if they take a more strategic approach to adapting to the changing needs of cedents, according to David Rains, Managing Director at Guy Carpenter. Rains claimed that the traditional life reinsurance proposition, which involves ... Read the full article

Munich Re backed insurtech Ethos raises $35mn in funding

31st October 2018

Ethos, a life insurtech start-up backed by Munich Re and Assurity Life, has raised an additional $35 million in funding from a Series B financing round, led by venture capital firm Accel. Additional investors included Google Ventures (GV), previous investors Sequoia Capital and Arrive, a subsidiary of Roc Nation, and a ... Read the full article

Reinsurance Group of America income grows, deploys more excess capital

26th October 2018

Reinsurance Group of America (RGA) has reported net income of $301.2 million for the third-quarter of 2018, up considerably from the $227.6 million reported in the prior year period. During the quarter RGA has been working hard to deploy more of the excess capital it has built up over recent years ... Read the full article

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