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.
Africa Re builds partnerships to boost Nigeria profit
4th April 2017
Africa Re has attributed much of its success throughout Nigeria and the African continent to developing diverse partnerships that support re/insurance market growth. The reinsurer said its unique ventures - such as the mitigation of forex risk through accepting payment of reinsurance premiums in Nigerian bank accounts and in the national ... Read the full article
MS Amlin the first to launch on Lloyd’s India platform
4th April 2017
Commercial insurance and reinsurance specialist MS Amlin is the first company to have been welcomed to the new Lloyd's of London India branch office. According to an announcement from the UK Department of Trade, the news that MS Amlin would be the first syndicate manager to operate out of the Lloyd's ... Read the full article
Reinsurance News – Tuesday 4th April 2017
4th April 2017
Here’s your daily Reinsurance News for Tuesday 4th April 2017: Rate reductions continue at April reinsurance renewal: Willis Re Reinsurance broker Willis Re has highlighted further reinsurance rate declines at the April renewals, warning of further pressure throughout the year. Tropical cyclone Debbie claims hit $306m Insurers have now reported AU$306 ... Read the full article
Solvency II equivalency a “key asset” for Peak Re
3rd April 2017
Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re), has underlined the significance of gaining Solvency II equivalency via the establishment of its reinsurance subsidiary in Zurich, Switzerland. "Peak Re's new European subsidiary will go a long way in broadening its footprint in this part of the world. The Solvency ... Read the full article
Greenlight Re Ireland appoints Sean Rocks as consultant
3rd April 2017
Greenlight Re Ireland, subsidairy of Capital Re, has named former Chief Commercial Underwriting Officer of Liberty Specialty Markets, Sean Rocks, as newly appointed consultant. In his new role he’ll be working with recently appointed CEO Patrick O’Brien to develop the subsidairy’s European business strategy. Commenting on Rocks' appointment, O'Brien said; “Greenlight ... Read the full article
Reinsurance market is “creaking” as softening persists: Lancashire CEO
3rd April 2017
The testing, softening reinsurance market is "creaking" as interesting developments start to take shape and movements in the market begin to unfold, underlining the need for discipline in the current environment, says Lancashire Holdings Chief Executive Officer (CEO), Alex Maloney. Discussing the potential for a hard market in the coming months ... Read the full article
Reinsurance News – Monday 3rd April 2017
3rd April 2017
Here’s your daily Reinsurance News for Monday 3rd April 2017: Reinsurers to pick up Cyclone Debbie bill Reinsurance capacity is likely to cover the majority of the cyclone Debbie claims, which are thought to be at around the same level as 2011’s Yasi. Discipline sees Munich Re’s dividend payouts outpace ... Read the full article
Reinsurers best placed to benefit from increasing global insurance penetration: S&P
31st March 2017
A well established knowledge base, international presence, and an ability to partner with local players puts reinsurance companies in a better position than primary insurers to reap the benefits of increasing global insurance penetration, according to rating agency Standard & Poor's (S&P). According to analysis from S&P growth in emerging economies has ... Read the full article
Moody’s predicts manageable operational risk for insurers from Brexit
31st March 2017
For the large majority of UK insurers operational risks following the Brexit vote are expected to be manageable, and the credit impact will likely be moderate, according to Moody's Investors Service. Exactly how much of an impact the UK's vote leave the EU will have on the London market and broader ... Read the full article
Reinsurers to pick up Cyclone Debbie bill
31st March 2017
Reinsurance is likely to pick up the majority of cyclone Debbie claims which are thought likely to be around the cyclone Yasi level of AU$1.4 billion after heavy winds and torrential rains devastated the northern Queensland coastline causing the worst floods the region has seen in 50 years. As those affected ... Read the full article
Peak Re seeking investors and IPO: Bloomberg
31st March 2017
Bloomberg News has reported this morning that Chinese conglomerate Fosun International is planning an initial public offering for its reinsurance unit, Peak Reinsurance Company. Bloomberg reports that sources told the news agency that Fosun is looking for investors for around $300 million of Peak Re's shares in advance of ... Read the full article
Demand surged in German non-life reinsurance: A.M. Best
31st March 2017
Demand for non-life reinsurance in Germany has surged at a rate that nearly doubles cedants' gross written premiums (GWP) growth, said A.M. Best in a report on Germany's 20 largest cedants' reinsurance purchasing trends. The global rating agency said the last full-year data available showed "Germany’s 20 largest cedants collectively posted a 13.1% ... Read the full article
Reinsurance News – Friday 31st March 2017
31st March 2017
Here’s your daily Reinsurance News for Friday 31st March 2017: Bermuda reinsurance market returns hit five-year low: A.M. Best Rating agency A.M. Best has highlighted the challenges in the Bermudian reinsurance market, noting that negative trends are increasingly evident. Protection gap is not just an emerging market issue: ... Read the full article
Protection gap is not just an emerging market issue: Swiss Re
30th March 2017
Over the last 25 years, the schism between global insured and economic losses has been steadily widening, a factor that when combined with growing climate, cyber, and geopolitical threat, leaves a dangerous and costly protection gap both in developed and emerging markets. 2016 stats show fast-developing Asian economies were hardest hit; struggling ... Read the full article
Latin America – a beacon of success for integrated disaster risk schemes
30th March 2017
Latin America has seen growing success in mitigating risk from natural disasters as it expands its public-private partnership with re/insurance schemes to preempt heavy post-event costs, Brink - a Marsh Mclennen company's publication - recently highlighted. With populations highly concentrated in cities throughout Latin America, much of the GDP and economic ... Read the full article
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