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.
Reinsurance News – Friday 24th March 2017
24th March 2017
Here’s your daily Reinsurance News for Friday 24th March 2017: Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure Swiss Re has launched a pioneering volcano model that reveals that some of the world's largest cities have up to a $30 billion exposure to the risk. Digitalisation & innovation ... Read the full article
AXA promotes Braverman to lead its Legacy business
23rd March 2017
AXA has announced the promotion of Josh Braverman, Chief Investment Officer (CIO) and Treasurer to head its Legacy Book Business, and the promotion of Steven M. Joenk to CIO. Braverman joined AXA in 2009 to lead its Derivatives & Hedging teams, which included the development and implementation of the company's derivatives and hedging strategies. Three years after joining the ... Read the full article
DBRS’ insurer ratings to be available on the MSA Researcher Platform
23rd March 2017
Global, independent credit rating agency DBRS ltd., the largest credit rating agency in Canada, has collaborated with MSA Research Inc. (MSA) to provide its insurer ratings on the MSA Researcher Platform and its printed reports. Joel Baker, Chief Executive Officer (CEO) of MSA, said; "We’re excited to be working with DBRS, ... Read the full article
Ed appoints Merrick as Head of Legal, Risk and Compliance
23rd March 2017
Global reinsurance broker Ed has named Joanne Merrick as Head of Legal, Risk and Compliance, a role she will start from June. Merrick has over twenty years of legal experience in the insurance and reinsurance sector, most recently gained at reinsurer Gen Re where she was regional general counsel for fifteen ... Read the full article
Digitalisation & innovation to drive profitability: Munich Re
23rd March 2017
Outgoing Munich Re Chief Executive Officer (CEO), Niklaus von Bomhard, said in a recent conference on the reinsurer's earnings he was “absolutely sure” the company would improve as a result of the digitalisation revolution, referring to a double-pronged focus on innovation to drive profitability. Bomhard emphasized that innovation and digitalisation rewriting the ... Read the full article
Reinsurance News – Thursday 23rd March 2017
23rd March 2017
Here’s your daily Reinsurance News for Thursday 23rd March 2017: Hannover Re pays £142.5 million for Argenta Reinsurance giant Hannover Re reportedly paid £142.5 million for the acquisition of UK holding firm Argenta Holdings, according to industry reports. Mike Mitchell named Head of Property and Specialty Reinsurance at Swiss ... Read the full article
Some evidence reinsurers taking on more risk to maintain profits: S&P
22nd March 2017
Rating agency Standard & Poor's highlights the importance of strong enterprise risk management (ERM) at this point in the reinsurance cycle in a recent report. Reinsurance firms can be tempted to take on more risk in a soft market environment, as they try to offset price declines by holding greater amounts ... Read the full article
Qatar General Insurance and Reinsurance to focus on real estate expansion
22nd March 2017
Qatar General Insurance and Reinsurance Company (QGIRCO) announced a strategic focus on real estate insurance expansion in an Annual General Assembly (AGM) meeting yesterday at Doha Mariott Hotel, Qatar. Addressing shareholders at the AGM, Chairman of QGIRCO, Sheikh Nasser bin Ali bin Saud Al Thani, said; "Our main objective is to ... Read the full article
Hannover Re pays £142.5 million for Argenta: Reports
22nd March 2017
Germany domiciled reinsurance giant Hannover Re reportedly paid £142.5 million to acquire UK holding firm Argenta Holdings, according to a recent heraldscotland.com article. The acquisition of Argenta Holdings, the owner of managing agent Argenta Syndicate Management, Argenta Private Capital, and a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121, was announced ... Read the full article
XL Catlin appoints Fischbach to head E&S binding
22nd March 2017
Insurer and reinsurer XL Catlin has announced the appointment of Karl Fischbach in a newly added role, as head of Binding Authority and Brokerage for its Excess & Surplus (E&S) insurance division. Fischbach has been in the insurance and reinsurance industry for 24 years, and assumes his new responsibilities in addition to ... Read the full article
Changes in reinsurance cessions not sufficient to impact ratings: A.M. Best
22nd March 2017
Changing patterns in reinsurance cessions from major insurers to reinsurers are not sufficient alone to impact ratings, according to A.M. Best. Rated reinsurers tend to be the largest companies and the changes being seen in cession rates from insurers to them are not going to be sufficient to affect their standing. ... Read the full article
Brazilian reinsurers benefit from investments and regional expansion: S&P
22nd March 2017
Despite intense competition from international players, economic turmoil and price softening in the Brazilian reinsurance market, domestic firms have maintained adequate profitability driven by high investment yields and the expansion into underserved markets across Latin America, according to Standard & Poor's (S&P). Brazil is now in the third year of a ... Read the full article
Reinsurance key to Floridian insurer’s survival
22nd March 2017
Rating agency Demotech has highlighted reinsurance as one of the key’s to Floridian insurer’s survival as companies continue to be thrown into unchartered waters with the ongoing repercussions of AOB’s and the Johnson and Sebo court ruling. Demotech advised insurers to focus on adequate reserves, realistic pricing, and a catastrophe reinsurance programme, ... Read the full article
Reinsurance News – Wednesday 22nd March 2017
22nd March 2017
Here’s your daily Reinsurance News for Wednesday 22nd March 2017: Swiss Re reinsurance chief cites tailored deals as opportunity Reinsurance giant Swiss Re recently said that it sees success in higher returns from specialised reinsurance products, and has plans to offset competition by growing this smaller-scale but more lucrative line of business. ... Read the full article
Have to be “determined” to let business go: Munich Re CEO
21st March 2017
There's ample opportunity for insurers and reinsurers in emerging markets in both developed and developing countries, but it's important to be able to walk away from business where the margin simply isn't adequate in a softening landscape, according to outgoing Munich Re Chief Executive Officer (CEO), Nikolaus von Bomhard. During the ... Read the full article
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