Reinsurance News
Life 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.
Willis appoints LeBoeuf as Senior Director of Americas Life practice
27th April 2018
Willis Towers Watson, a global advisory, broking and solutions company, has appointed Michael LeBoeuf as Senior Director in its Americas Life practice. LeBoeuf has spent more than 30 years in the life re/insurance industry and joins Willis from Prudential Financial, where he served as Chief Actuary of Individual Life Insurance. He will ... Read the full article
Guernsey seeks to ease re/insurer access to long-term green investments
26th April 2018
Guernsey has announced plans to work with the global insurance and reinsurance industry in an initiative which aims to enable long-term green investments to be utilised as assets to meet long-term life insurance liabilities. As part of a move to position itself as a "got to" jurisdiction for green investments, Guernsey ... Read the full article
Monument Re acquires run-off portfolio from Ethias S.A.
17th April 2018
Monument Re has announced an agreement that will see it acquire a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias S.A., known as the First A Portfolio. The portfolio will be taken over by Laguna Life DAC, an Irish domiciled re/insurer and wholly owned subsidiary of ... Read the full article
PartnerRe names Chris Shanahan EVP, Corporate Development, US Life
16th April 2018
Bermuda domiciled reinsurer PartnerRe has announced the appointment of Chris Shanahan as Executive Vice President (EVP), Corporate Development, US Life, effective May 2018. Operating within the company's Life business unit, Shanahan will report to Alan Ryder, PartnerRe's Chief Executive Officer (CEO) of North America Life. In his new role, he will be ... Read the full article
Gen Re partners with tech company PAI Health to reduce risk
11th April 2018
Gen Re is to collaborate with PAI Health, a technology company that uses algorithms to optimise health, to develop re/insurance solutions for life and health clients in the global market. Gen Re hopes to use the company’s PAI (Personal Activity Intelligence) to drive its customer engagement and reduce the risk of ... Read the full article
AXA to remodel Swiss group life business as semi-autonomous
10th April 2018
AXA Switzerland, the largest re/insurer of small-to-medium enterprises (SMEs) in the Swiss market, has announced plans to convert the business model of its main occupational benefits foundations from a full-value insurance model to a semi-autonomous model. From 2019, the foundations will be responsible for asset allocation and investment returns to policyholders, ... Read the full article
Stable 2018 outlook for UK life re/insurers: A.M. Best
9th April 2018
A recent report by A.M. Best has concluded that the outlook for the UK life re/insurance sector is likely to be stable over 2018, owing to favourable growth opportunities from defined contribution (DC) pensions and bulk annuity transactions, despite a number of challenges and uncertainties. A.M. Best expects the DC pension ... Read the full article
Kuvare finalises purchase of United Life Insurance
5th April 2018
Kuvare U.S Holdings, Inc. has announced the completion of its acquisition of United Life Insurance Company, a prominent U.S life re/insurer and subsidiary of United Fire Group (UFG). The acquisition brings the value of Kuvare’s consolidated assets to $3.7 billion, and the company will also benefit from United Life’s complete line ... Read the full article
Swiss Re partners with MassMutual’s LifeScore Labs on risk assessment algorithm
23rd March 2018
Swiss Re has announced that it will collaborate with LifeScore Labs, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to support a new standards-based algorithmic risk scoring solution for the life re/insurance industry, called LifeScore360. LifeScore360 will be offered as an additional analytics option for Magnum, Swiss Re’s existing automated ... Read the full article
Prosperity sells majority stake to Elliot investment partnership
15th March 2018
Prosperity Life Insurance Group, LLC has announced the sale of the majority of its shares to an investment partnership consisting of Elliott Management Corporation, operating principals of investment firm Wand Partners, Inc., and Anurag Chandra, the current Chief Executive Officer (CEO) of Prosperity. The U.S. life re/insurer will maintain its current ... Read the full article
Asia’s economic growth creating life re/insurance opportunities, says SCOR’s Lepez
8th March 2018
Vincent Lepez, Deputy Chief Executive Officer (CEO) of SCOR Global Life Asia-Pacific, has suggested in a recent interview with A.M. BestTV that economic development across Asia is driving demand for further life insurance and reinsurance. Speaking at the 18th Asia CEO Insurance Summit, Lepez cited population growth, rising middle classes, and ... Read the full article
New system promises flexibility for Italian life re/insurers: Fitch Ratings
8th March 2018
Fitch Ratings has predicted that closed-fund consolidation will become prominent in the Italian life re/insurance market following the implementation of a new profit-sharing system set to be launched by the Italian regulator later this year. The new system is expected to gradually reduce Italian life insurers and reinsurers sensitivity to interest ... Read the full article
UK life insurers’ longevity risk could spur life reinsurance demand: S&P
27th February 2018
UK life insurers are facing material longevity risks as the sector undergoes significant change leading to increased diversification of business and products and spurring demand for longevity reinsurance uptake, according to a recent S&P report. "Historical sales of individual annuities mean that longevity risk will still be material in the future. "However, ... Read the full article
Life/annuity cedants to offshore reinsurers advised to watch counterparty risk: A.M. Best
1st February 2018
About 30% of total life/annuity (L/A) premiums ceded by U.S. insurers are sent to offshore affiliates as multinationals seek out opportunities for capital and tax efficiencies, however, A.M. Best highlighted in a special report that ceding to unaffiliated offshore reinsurers can bring additional risks. The rating agency cautioned firms to do ... Read the full article
MS&AD injects £505m into Swiss Re’s closed life consolidator ReAssure
24th January 2018
Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) has made its first investment commitments to buy in global reinsurance firm Swiss Re's UK closed life book consolidator ReAssure. A deal was announced in October that would see MS&AD making investments into the equity of ReAssure, across up to a ... Read the full article
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