Reinsurance News
Reinsurance News
Reinsurance industry news, analysis, insight and interviews.
Reinsurance market news coverage provided everyday, on the top reinsurers and insurers, covering news topics of relevance to the reinsurance sector, as well as commercial and specialty insurance.
Global reinsurers taking market share from London: LMG
9th May 2017
Global reinsurers have taken a share of the re/insurance market from London, as factors like a high concentration of specialist insurers and Brexit have contributed to its shrinking market presence in emerging markets and threaten a continual reduction of its global market share. The London Market Group (LMG) and The Boston Consulting ... Read the full article
Bermuda’s Women in Reinsurance welcomes three new board members
8th May 2017
The organisation dedicated to promoting the professional development of women working in Bermuda's reinsurance market, Women in Reinsurance (WiRe), has today announced the appointment of three new board members - Tracey Gibbons, Peta White and Stephen Young. Kathleen Reardon, Chair of WiRe and Chief Executive Officer (CEO) of Hamilton Re, welcomed the ... Read the full article
Re/insurers optimistic about investment and asset management opportunity: Goldman Sachs
5th May 2017
Goldman Sachs' latest insurer asset management survey reveals a dramatic change in the usual credit cycle for inflation, rates and equity returns, with only one-third of insurers now believing they're in the late stages of the credit cycle, compared with last year's three quarters of correspondants. This represents a reversal in ... Read the full article
Tokio Millennium Re CEO discusses refined capital markets strategy & broader reinsurance market trends
5th May 2017
Stephan Ruoff, Chief Executive Officer (CEO) of Tokio Millennium Re (TMR), discussed the firm's main target markets and operating strategies in a recent interview with Reinsurance News. Ruoff highlighted the firm's commitment to income diversification through gaining momentum in two major areas, and also discussed the rise of InsurTech, the global political ... Read the full article
Russian national reinsurer receives AAA rating from regulator
4th May 2017
The Russian National Reinsurance Company (RNRC) has been given an AAA credit rating with a "stable outlook" by the Russian Analytical Credit Rating Agency (ACRA). ACRA said the RNRC's credit rating is based "on its very strong business and financial profiles coupled with high-quality management," TASS reported. According to reports this is ... Read the full article
Adam Szakmary named new Director of Underwriting for Hiscox Insurance, Bermuda
3rd May 2017
Specialist global re/insurer Hiscox has named the new Director of Underwriting for Hiscox Insurance in Bermuda as Adam Szakmary - who joins from Sompo International's asset management platform, Blue Capital Management. Szakmary will oversee underwriting activities in Bermuda, as Director of Underwriting, reporting to incoming Hiscox Re Chief Executive Officer (CEO) and ILS, ... Read the full article
Reinsurers should anticipate impact of growing geopolitical risk
28th April 2017
Insurer Zurich and international affairs think tank, Atlantic Council, have cooperated to study three potential major geopolitical scenarios that could shake the global economy; ensuring risk management professionals and governments remain one step ahead of the mitigation and response game. With a changing geopolitical sphere being a hallmark of recent years, ... Read the full article
Munich Re hikes dividend, launches new €1bn share buy-back programme
28th April 2017
Munich Re is continuing the trend of returning its excess capital to its shareholders, as the reinsurance firm announces another increase in the dividend it will pay to its shareholders and launched another €1 billion share buy-back programme. In 2016 Munich Re paid its investors a dividend per share of €8.25. ... Read the full article
Swiss Re adjusts its financial reporting
28th April 2017
Reinsurance firm Swiss Re is changing the way it reports its performance, adjusting the financial reporting it will deliver at the end of the first and third quarters of the year. The reinsurer said that by adjusting the "format and scope" of the financial information it reports at the end of ... Read the full article
Wenning starts as CEO and Chairman of the Board at Munich Re
27th April 2017
Joachim Wenning has begun his new life as Chief Executive Officer and Chairman of the Board at reinsurance firm Munich Re today, after Nikolaus von Bomhard stepped down yesterday. Wenning had been announced as the new CEO and Chairman in March, when von Bomhard requested to leave the Board of ... Read the full article
Re/insurers “confident” in Bermuda market despite challenges: BMA
27th April 2017
The Bermuda Monetary Authority (BMA) has released statistics on the combined performance of the Island's various classes of insurance, reinsurance, and insurance-linked securities (ILS) players as at December 31st 2015, revealing "confidence in the Bermuda market" despite the tough operating landscape. According to the BMA's most recent information, which is based ... Read the full article
SCOR establishes EMEA Hub led by Malcolm Newman
27th April 2017
France headquartered reinsurance company SCOR has announced the launch of a new EMEA Hub, covering Europe, the Middle East and Africa, a further step in its efficiency drive. The EMEA Hub will bring together SCOR's existing Paris-London and Zurich-Cologne Hubs, providing a much more simplified structure to the reinsurance group across ... Read the full article
Suncorp speaks out against Australian government-backed reinsurance pool proposal
26th April 2017
Insurer Suncorp has added its voice to the group of politicians and insurers dissenting from the Australian government's proposal to create a state-backed cyclone insurer or reinsurance pool, arguing that it would be unfair to Australian taxpayers and inefficient compared with risk mitigation efforts. Last year the government issued a report ... Read the full article
Trump’s proposed U.S. corporate tax cut confirmed at 15%
26th April 2017
Donald Trump's proposed corporate tax cut - called the biggest of its kind in history - has just been confirmed by the U.S. Treasury secretary Mnuchin as reduced to 15%. The cut has been billed as a tax reform but whether or not it represents the beginning of a major U.S. taxation ... Read the full article
AXIS Re and Renmin University, China partner on Actuarial Science Scholarship
25th April 2017
AXIS Capital Holdings Limited has revealed its "AXIS Re Actuarial Scholarship” in partnership with China's Renmin University to financially assist students in developing actuarial science skills, acumen, and professional training throughout the Asia-Pacific (APAC) region. At a recent Renmin University ceremony, AXIS Re's APAC Deputy Chief Underwriting Officer (CUO) Les Loh, and Vice President ... Read the full article
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