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Life reinsurance news

RGA to invest in Getsurance via its innovation accelerator, RGAx

8th May 2018

U.S. domiciled life reinsurer, Reinsurance Group of America (RGA) is investing in InsurTech Getsurance through its innovation accelerator subsidiary, RGAx. RGA announced in 2017 that it had entered into a partnership with Getsurance, backing its digital life insurance solution designed to protect individuals with long-term disabilities against the loss of income due to illness ... Read the full article

SCOR promotes Redmond Murphy to CEO of Global Life Reinsurance Ireland

4th May 2018

SCOR has announced the appointment of Redmond Murphy as Chief Executive Officer (CEO) of SCOR Global Life Reinsurance Ireland (SGLRI). Murphy will now be responsible for leading the SGLRI entity and driving the strategic direction of the business, as well as managing all the activities of the local team, including finance, ... Read the full article

Protective completes $1.2bn reinsurance deal with Liberty Life

2nd May 2018

Protective Life Corporation, a wholly owned U.S subsidiary of Dai-ichi Life Holdings, Inc., has announced that it has successfully completed the acquisition of all the individual life and annuity business of Liberty Life Assurance Company of Boston (Liberty Life) in a reinsurance deal valued at $1.2 billion. Protective entered the ... Read the full article

Harsh winter and severe flu outbreak hits life reinsurer RGA in Q1

2nd May 2018

U.S. domiciled life reinsurer, Reinsurance Group of America (RGA) saw its net income fall by 31% to $100.2 million in the first-quarter of 2018, driven in part by fairly adverse mortality experience within its traditional U.S. and Latin America segment as a result of the bad flu season and particularly ... Read the full article

Munich Re reinsures life portfolio for Iranian insurer Mellat

1st May 2018

Global reinsurance player Munich Re has entered into an agreement with Iranian insurer Mellat Insurance Company, which will see the German reinsurer covering the entire life insurance portfolio of Mellat. Mellat said that it has covered all of the issued life insurance policies under the agreement with Munich Re, as part ... Read the full article

Nat Re adopts DXC Technology’s SICS life reinsurance software

30th April 2018

National Reinsurance Corporation of the Philippines (Nat Re) has selected DXC Technology’s SICS software to support the operational efficiency of its life reinsurance business. DXC, which is an independent, global end-to-end IT services company, will work with Nat Re to implement SICS, which is a standardised solution designed specifically for assumed ... Read the full article

Willis Re appoints Guy Carpenter’s Pinette as head of EMEA Life & Health

30th April 2018

Willis Re has appointed Guy Carpenter’s Franck Pinette as Managing Director of its Europe, Middle East, and Africa (EMEA) Life & Health practice. Pinette, who was most recently Chief Executive Officer (CEO) of European Life Reinsurance operations at Guy Carpenter, will now lead Willis Re’s development in the rapidly growing life ... Read the full article

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

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