Reinsurance News
Life reinsurance industry news, analysis and insights.
Our life reinsurance market news stories cover happenings in the life reinsurance industry, people moves, new company launches, life reinsurance company results, product innovation and more.
13th July 2021
Global Atlantic Financial Group, the majority-owned subsidiary of investment giant KKR, has announced the completion of a $4.8 billion whole life reinsurance deal with China-focused units of AXA Group. It's the first block reinsurance transaction sourced from outside of the United States by Global Atlantic, as the company continues to expand ... Read the full article
12th July 2021
The life insurance industry in India is projected to grow from INR 5.7 trillion (US $81.4bn) in 2019 to INR 8.0 trillion ($98.5bn) in 2024, in terms of gross written premium (GWP), according to analysts at GlobalData. GlobalData, which has revised its India forecasts in the aftermath of COVID, believes that ... Read the full article
8th July 2021
Moody’s has decided to change its outlook on the UK life insurance sector to stable from negative, one year after the coronavirus pandemic resulted in a shift to negative The rating agency notes that the sector’s operating profit and capitalisation were resilient in 2020, and are expected to remain robust over ... Read the full article
2nd July 2021
While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace, according to Brad Adderley, Partner at global law firm Appleby. An expectation of significant rate ... Read the full article
16th June 2021
Moody’s Investors Service has changed its outlook for the global life insurance sector to stable from negative, based on expectations for near-term growth prospects and a more favourable operating environment. The outlook revision follows a change to stable outlook for US life insurers and Japanese life insurers. Despite sustained low interest rates, ... Read the full article
15th June 2021
It is an “exciting time” in the life and annuity market as the challenges posed by the COVID-19 pandemic and prolonged low interest environment have created new opportunities for reinsurance players such as Global Atlantic. This is according to Manu Sareen, President for Institutional Markets at Global Atlantic and CEO of ... Read the full article
8th June 2021
Moody’s has revised its industry outlook for Japan’s life insurance sector from negative to stable, based on improving capitalization, resilient underwriting profit and a recovering operating environment. The rating agency believes that these factors will enable insurers to maintain their credit strengths over the next 12-18 months, despite lingering threats from ... Read the full article
21st May 2021
Reinsurer SCOR has developed a Claims Rules Engine (CRE) as a management solution for its life business, designed to accelerate claims lodgement and decision making, while freeing up claims assessor to support more complex claims. The SCOR CRE leverages Smart Rules, using behavioural economics principles to create a simple claims-lodging process ... Read the full article
14th May 2021
Resolution Life has raised an additional $1.6 billion of capital which will be used to support its growth strategy via the acquisition and reinsurance of life insurance portfolios. This latest capital raise means that since its launch in September of 2018, Resolution Life has now secured commitments of roughly $5 billion. Investors ... Read the full article
13th May 2021
Despite the unprecedented impacts of the COVID-19 pandemic and elevated mortality in many parts of the world, demand for life reinsurance "continues pretty much as it has," according to Alain Néemeh, Senior Executive Vice President and Chief Operating Officer (COO) at Reinsurance Group of America (RGA). Since the arrival of the ... Read the full article
27th April 2021
Analysts at Fitch Ratings have forecast that European life re/insurers’ earnings will be under pressure through 2021, due to the protracted low interest rate environment. As a result of these low interest rates, investment margins will be reduced, making it difficult for insurers to finance policyholders’ liability with capital guarantees, the ... Read the full article
26th April 2021
Analysts at Fitch have reported that the world’s largest life and health reinsurers remained profitable in 2020, as heightened mortality losses from the coronavirus pandemic have only moderately impacted the segment so far. Fitch expects mortality claims related to the pandemic to decline in 2021 for Hannover Rueck SE, Munich Reinsurance ... Read the full article
17th March 2021
Analysts at AM Best have warned that the US life and annuity (L/A) sector still faces significant challenges despite weathering the COVID-19 pandemic so far. The rating agency noted that most US L/A companies remain well capitalised and have benefited from favorable mortality and morbidity experience, low credit impairments and rebounding ... Read the full article
22nd February 2021
Pacific Life Re and ThaiRe Life Assurance PCL have announced the formation of a new partnership to provide sustainable life reinsurance solutions to Thailand-based life insurance operators. The collaboration is expected to bring Pacific Life Re’s technical and product development expertise together with ThaiRe Life’s insights and standing in the local ... Read the full article
12th February 2021
Life reinsurance and insurance holding company Monument Re has completed a portfolio transfer from Omega Life. The Omega Life book was transferred into the Italian Branch of Monument Assurance Luxembourg S.A at the end of December 2020, Monument Re explained. Omega Life is an Ireland-domiciled life assurance company that has been closed ... Read the full article
