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