Reinsurance News
Life reinsurance news
Life reinsurance industry news, analysis and insights.
The life reinsurance market is a core piece of the sector and life risks, from mortality, to longevity, annuity risk, and more, are a key diversifier for the large global reinsurance carriers, while there are also numerous large specialist life and annuity reinsurers in the sector as well.
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.
Gen Re hires William Casill (ex-AXA Equitable) as new Chief Actuary
22nd May 2017
Gen Re, the Berkshire Hathaway owned specialist reinsurance company, has hired William (Bill) Casill, FSA, as Senior Vice President and Chief Actuary of its North American life and health business. Casill was most recently with AXA Equitable, where he held the role of Head of Reinsurance and Corporate Chief Underwriter. In his ... Read the full article
Speed of execution key in Zurich annuity reinsurance deal: RGA
19th May 2017
The speed with which Reinsurance Group of America helped Zurich Insurance Group subsidiary Farmers Farmers New World Life to the recent $2.3 billion annuity reinsurance transaction was key and demonstrates the reinsurers ability, it said today. Yesterday we reported on the completion of the $2.3 billion annuity reinsurance transaction, ... Read the full article
Zurich unit in $2.3bn annuity reinsurance deal with RGA Re
18th May 2017
A subsidiary of Zurich Insurance Group has entered into a $2.3 billion reinsurance arrangement on a closed book of annuities with Reinsurance Group of America. The recently announced transaction saw Farmers New World Life, a subsidiary of Zurich, enter into an agreement with Reinsurance Group of America to reinsure a portion ... Read the full article
Global Atlantic appoints life insurance veteran Barnett as Head of Sales
20th April 2017
Global Atlantic Financial Group, a leading U.S.-focused retirement life re/insurer, has appointed Sam Barnett as new Head of Sales for its life insurance segment. Barnett - an industry veteran boasting over 20 years of life insurance experience - will be responsible for reshaping and executing the firm's life insurance sales strategies. David ... Read the full article
Strong growth for UK group life market: Swiss Re
12th April 2017
The latest Group Watch report from reinsurance giant Swiss Re shows solid growth in the UK group life market, with 520,000 newly covered members in 2016, taking the number of people covered by Group life schemes to beyond 12 million. "This year's results paint a very positive picture at a difficult ... Read the full article
Opportunity for reinsurers to assist life sector transformation: Berenberg
5th April 2017
As well as an opportunity to support life insurers' increasing capital needs, life reinsurance market players can also assist with the technological transformation of the industry, according to analysts at Berenberg. The growing risk of disruption from regulatory changes and digitalisation, combined with technological advances sweeping through many parts of the ... Read the full article
PartnerRe completes acquisition of life reinsurer Aurigen
4th April 2017
PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited. Aurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S. Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance ... Read the full article
SCOR approved to open Japanese life & health reinsurance branch
3rd April 2017
French headquartered global reinsurance player SCOR has received approval to open a Japanese branch office for life and health reinsurance operations under its SCOR Global Life SE brand. The Financial Services Agency of Japan (FSA) has approved SCOR Global Life SE's application to open a branch office in Tokyo as of ... Read the full article
Life reinsurance expansion in Asia could outpace primary market growth: Berenberg
30th March 2017
Life reinsurance market growth in Asia could exceed the forecasted 10-15% primary insurance market increase in what’s forecasted to be a period of boom for the emerging life segment in Asia, Berenberg analysts said in their latest report on emerging Asian markets. This surge is expected to be driven by rising reinsurance ... Read the full article
SCOR grows longevity reinsurance business in 2016
27th February 2017
French insurer and reinsurer SCOR reported growth in its longevity business during 2016 driven by a strong fourth-quarter for the segment, with the company highlighting growth potential with life business in the UK and elsewhere. The majority of insurance and reinsurance companies have now reported their results for the fourth-quarter and ... Read the full article
SCOR makes senior promotions across Global Life business
14th February 2017
French reinsurance firm SCOR has announced a number of senior appointments in its Global Life reinsurance business unit, as it promotes a number of staff from within. Paolo De Martin, Chief Executive Officer of SCOR Global Life, commented; "With today's promotions we continue to optimally position SCOR Global Life for the ... Read the full article
Australian insurers increasingly look to life reinsurance
9th February 2017
After numerous issues in the Australian life and health insurance business, primary companies are increasingly looking to life reinsurance opportunities, in order to transfer exposures from older business and to resolve capital issues. Industry wide deterioration in lapse rates and rising claims trends have both impacted the life and health business ... Read the full article
U.S. life reinsurance fundamentals remain stable: A.M. Best
27th January 2017
The fundamentals of the U.S. life reinsurance market remain stable, as the defensible positions of the five large reinsurers writing the majority of U.S. mortality risks characterise the sector, according to A.M. Best. Life reinsurance in the U.S. is not as competitive as in some other regions of the world, such ... Read the full article
Munich Re to merge health and life reinsurance units
26th January 2017
Reinsurance giant Munich Re has announced that it will merge the reinsurance operations of its Munich Health unit with its Munich Re Life department, and has appointed member of its Board of Management, Thomas Blunck, to lead the operation in the future. The Germany domiciled reinsurance company also announced that it's ... Read the full article
SCOR adds senior U.S. life reinsurance hires
25th January 2017
Global reinsurance firm SCOR has added two life reinsurance related hires in the United States, to join the team that manages the reinsurers daily Life reinsurance operations in the Americas. David Anderson has been named, Senior Vice President, US Life Reinsurance, and Alan Routhenstein has been named, Senior Vice President, Financial ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
