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.

Life reinsurers’ strong risk management to assist emerging market growth: S&P

22nd August 2017

Advanced and strong risk management and underwriting capabilities will support reinsurers as they navigate the challenges of the expanding life reinsurance industry in emerging markets, according to ratings agency, Standard & Poor's (S&P). S&P expects emerging life insurance markets to drive the expansion of the global life reinsurance sector in ... Read the full article

Athene President talks “important” Lincoln deal and benefit of offshore strategy

18th August 2017

President of Athene Holding, Bill Wheeler, has praised the company's "important" flow reinsurance deal with Lincoln Financial Group, underlining the benefits of having an offshore strategy in the market. Athene Holding announced in early August that it had finalised a flow reinsurance treaty with Lincoln Financial Group, and President of the ... Read the full article

MS&AD Insurance buys stake in Australian life & annuities firm Challenger

16th August 2017

Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has bought a stake in an Australian life and annuities specialist as it looks for further diversification. Japanese insurance groups have been investing in operations around the globe as they look to diversify their businesses away from ... Read the full article

S&P predicts continued profits in life reinsurance driven by market concentration

15th August 2017

The concentration of the global life reinsurance market and high barriers to entry for new players will contribute to the continued profitability of the sector, according to analysis from rating agency Standard & Poor's (S&P). In its latest global life reinsurance market report, S&P noted the impressive profitability of the sector in ... Read the full article

Global life reinsurance industry poised for continued growth momentum: S&P

8th August 2017

Global ratings agency Standard & Poor's (S&P) expects emerging life insurance regions, such as the Asia-Pacific, and continued growth in the longevity risk transfer space to drive the expansion of the international life reinsurance sector. Over the last three years S&P has observed strong growth momentum in the longevity risk transfer space, ... Read the full article

More positives than negatives in life reinsurance: S&P

4th August 2017

The outlook for the global life reinsurance sector is "promising" through 2019 as opportunities in the space outweigh a string of persistent market challenges, especially when compared with the property and casualty (P&C) space, according to Standard & Poor's (S&P). "Despite prevailing low interest rates, fierce competition in the sector's ... Read the full article

Swiss Re reinsures life portfolio for Bansabadell Vida

25th July 2017

Swiss Re has entered into a reinsurance arrangement with Zurich subsidiary Bansabadell Vida which will see the firm reinsure and take on the risks of a portfolio of individual life risks, in return for a reinsurance commission payment of EUR 683.7 million. Bansabadell Vida is a Spanish life insurance joint venture ... Read the full article

SCOR to acquire 100% of mutual life/health reinsurer MutRé

17th July 2017

French reinsurance giant SCOR has announced this morning that it is to acquire the remaining shares of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. MutRé S.A. is a mutual reinsurer, established to serve the social economy in France and a particularly major player in ... Read the full article

SCOR announces string of senior life leadership changes

29th June 2017

SCOR Global Life Americas has reported a series of changes to its Senior leadership, naming Von Peterson as Group Reinsurance team's Vice President of Sales and Marketing and Brian Anderson's promotion to head of Group Life & Accident product lines to succeed Mark Laulainen who is set to retire from ... Read the full article

Moody’s upgrades outlook to stable for UK life re/insurers

28th June 2017

Moody's Investors Service has changed the outlook for the UK insurance and reinsurance life industry from negative to stable to include predictions of an expected "moderate and manageable" Brexit impact, in a report released recently. Dominic Simpson, Vice President Senior Credit Officer at Moody's, said the stable outlook is primarily a reflection ... Read the full article

SCOR Global Life Australia hires chief underwriter & chief medical officer

22nd June 2017

SCOR Global Life Australia has appointed Debra Pitcher as chief underwriter and Dr John Cummins as chief medical officer as it builds its team to expand local operations, the Financial Standard reported. Pitcher will assume responsibility for the Australia and New Zealand life reinsurance underwriting strategy and focus on developing client solutions. She ... Read the full article

AMP reported near to life reinsurance deal with China Life, Munich Re, Hannover Re, others

21st June 2017

According to a report in the Australian media, financial services firm AMP is nearing completion of another reinsurance transaction to free up capital, with China Life, Munich Re and Hannover Re all named as potential parties to the deal. The Australian Financial Review (AFR) reports that AMP may be ... Read the full article

Hannover Re US names Nico van Zyl AVP, Medical Director

6th June 2017

Germany-based reinsurance giant Hannover Re's subsidiary, Hannover Life Reassurance Company of America (Hannover Re US), has appointed Nico van Zyl Assistant Vice President (AVP), Medical Director, effective January 1st, 2017. Nico van Zyl joined the reinsurer's U.S. division from Hannover Re's South African branch, where he held the role of Chief Medical ... Read the full article

U.S. Life & Health sector net income up 73.5% in Q1 2017: A.M. Best

1st June 2017

The U.S. Life/Health (L/H) insurance and reinsurance industry recorded net income of $7.7 billion in the first-quarter of 2017 compared with $4.5 billion a year earlier, representing growth of 73.5%, according to analysis from global rating agency A.M. Best. The analysis includes data from companies that make up an estimated 84% ... Read the full article

Underwriters see opioids as mortality threat, only 53% test for use: Munich Re

30th May 2017

A recent survey by reinsurance giant Munich Re shows that over 90% of underwriters are worried about the impact opioid addiction will have on mortality and, perhaps surprisingly, just 53% of surveyed life insurance companies actually test for opioids. The survey included responses from 126 life insurance professionals and was conducted at the Association ... Read the full article