Reinsurance News
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
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
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
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
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
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
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
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
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
1st October 2018
Munich Re has appointed Mari-Lizette Malherbe as Chief Executive Officer (CEO) of Munich Re London (Life Branch), the company’s UK & Ireland life reinsurance business, succeeding outgoing CEO Andy Batley. Malherbe has over a decade of international experience in the reinsurance industry and joined the senior management team of Munich Re ... Read the full article
1st October 2018
Hannover Life Reassurance Company of America (Hannover Re US) has partnered with Life By Spot, a direct-to-consumer insurance start-up, to develop a new category of life insurance for short-duration events. The policies will offer cover to ‘adventure-loving clients’ in the U.S market for periods ranging from 24 hours to 30 days, ... Read the full article
5th September 2018
Analysts at J.P. Morgan believe that the life reinsurance business is underappreciated by the market and, due partly to restriction of competition by high entry barriers, consider its long-term growth outlook to be strong. The majority of premium and profit in life reinsurance is generated by in-force portfolios, resulting in a ... Read the full article
31st August 2018
The top eight global life reinsurers dominate the industry and account for around 90% of total premiums, making it difficult for new entrants to quickly enter the market and establish themselves, according to a recent report by S&P Global Ratings. The report said that such a scale of competitive advantage would ... Read the full article
24th August 2018
The global life reinsurance industry is expected to experience stable premium growth of about 3% per year and a return on equity of just above 10% from 2018 to 2020, according to a new report by S&P Global Ratings. S&P observed that the global life reinsurance industry weathered 2017’s unusually high ... Read the full article
17th August 2018
Wilton Re has selected long-term care specialist, LTCG, to administer the 70,000 policies and approximated 8,000 active claims included in its August 1 long-term care insurance indemnity reinsurance agreement with CNO Financial Group subsidiary, Bankers Life and Casualty Company. LTCG will offer a complete processing solution which includes policy administration, care ... Read the full article
