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 helps Microsoft make its cloud data centers greener
16th March 2017
Software and technology giant Microsoft is leveraging the reinsurance market to help it access sources of renewable energy while bearing less risk, making its data centers which provide cloud services greener. Reinsurers are attracted to renewable energy risks as they can often be considered a diversifying risk, versus the more typical ... Read the full article
Reinsurance News – Thursday 16th March 2017
16th March 2017
Here’s your daily Reinsurance News for Thursday 16th March 2017: NZ insurers see $694m reinsurance recovery for Kaikoura quake so far According to the Insurance Council of New Zealand insurers in the country are to reclaim NZ$694 million from the global reinsurance market following the 14th November magnitude 7.8 earthquake in Kaikoura. Read the full article
Munich Re board member Ludger Arnoldussen resigns
15th March 2017
Munich Re has announced the resignation of Board of Management member Ludger Arnoldussen, who will be leaving to seek new challenges after over ten years with the company. Arnoldussen's official resignation date is April 26, long-term company leader Hermann Pohlchristoph who's worked with Munich Re for the last 15 years, has been ... Read the full article
LMA to simplify nuclear insurance industry with new model wordings
15th March 2017
In response to recent growth in the construction of nuclear power stations and a desire to make the protection of such construction projects easier for insurers and reinsurers, the Lloyd's Market Association (LMA) Wording Forum is looking to make wordings more appropriate for the global nuclear industry. The LMA has announced that ... Read the full article
Higher U.S. interest rates promote pension-risk transfer
15th March 2017
Higher interest rates could incentivise the growth of U.S. pension-risk transfer business as rate changes make it less expensive for employers to transfer pension obligations, providing a further catalyst in what's become a thriving cross-Atlantic longevity risk transfer business. Chief Investment Officer of United Technologies Corp, Robin Diamonte, told the Wall Street ... Read the full article
Insurance supervisors must understand and adapt to FinTech: IAIS
15th March 2017
The development of innovative FinTech has the potential to disrupt the global insurance and reinsurance industry in numerous ways, highlighting a range of challenges and opportunities for insurance supervisors, says the International Association of Insurance Supervisors (IAIS). In a new report, the IAIS explores the potential disruption the global insurance industry ... Read the full article
Fortune Financial requests share of India government premiums
15th March 2017
Fortune Financial’s reinsurance entity ITI has requested it be given a share of the reinsurance premium currently designated for government-owned GIC Reinsurance, in a letter to India's insurance industry regulator, the Insurance Regulatory and Development Authority of India (IRDAI), according to reports. According to CNBC- TV18 sources, the reinsurer wrote to IRDAI officials, ... Read the full article
Qatar Re capitalisation passes the $1 billion mark
15th March 2017
Bermuda domiciled reinsurance firm hailed the completion of its recent significantly oversubscribed $450 million perpetual bond debt issuance today, saying that it takes the reinsurers capital passed the $1 billion mark. Size still does matter in reinsurance, with some cedents continuing to tier their reinsurance panel based on factors such ... Read the full article
Conservative guidance given as Munich Re sets itself up for ongoing softness
15th March 2017
Global reinsurance giant Munich Re has delivered relatively conservative profit guidance for 2017, targeting a range of EUR 2 billion to EUR 2.4 billion, as it sets itself up to navigate expected challenges and softness in the market. The mid-point of the firms 2017 profit target is below the consensus expectation ... Read the full article
Reinsurance News – Wednesday 15th March 2017
15th March 2017
Here’s your daily Reinsurance News for Wednesday 15th March 2017: Conservative guidance given as Munich Re sets itself up for ongoing softness Reinsurance giant Munich Re has announced a conservative profit guidance for 2017, targeting a range of between €2 billion to €2.4 billion, in response to the softening marketplace. ... Read the full article
Flattening U.S. commercial rates could pressure reinsurance
14th March 2017
Re/insurance broker Willis released its 2016 Q4 survey results for U.S. commercial insurance recently, showing a tough market space for reinsurers as prices continue to flatten, although auto insurance provided the exception with continued pricing growth despite a saturated market. The Commercial Lines Insurance Pricing Survey (CLIPS), compared commercial lines prices from ... Read the full article
Lloyd’s backs liability catastrophe risk modelling methodology
14th March 2017
Insurers and reinsurers will be able to model liability exposures across entire portfolios thanks to the development of an innovative methodology that offers a new way of analysing casualty events, ultimately improving the robustness of the marketplace. The innovative data-driven methodology has been developed by risk modeller Arium in collaboration with ... Read the full article
Blockchain: Why re/insurers need to take control of their future
14th March 2017
In this contributed article, Tom Johansmeyer, assistant vice president, PCS Strategy and Development, at ISO Claims Analytics, a division of Verisk Insurance Solutions, discusses the need for insurance and reinsurance market participants to engage with the global blockchain community. Blockchain: Why re/insurers need to take control of their future Waiting for a ... Read the full article
2016 insurance premium growth areas highlight need for reinsurance
14th March 2017
Global insurance premiums increased by 4.4% during 2016 when compared with the previous year, driven largely by the continued expansion of the Chinese marketplace, but also growth in other peril regions, suggesting a need for greater reinsurance demand across the globe. The latest, global analysis on insurance premiums by Allianz Research, ... Read the full article
China ramps up regulation for offshore reinsurers
14th March 2017
China has set up an offshore reinsurance credit risk deposit scheme, requiring offshore reinsurers to hold credit with a domestic company to protect against what it sees as high offshore credit risk. The Chinese insurance and reinsurance industry regulator, the CIRC, introduced the scheme in a statement released yesterday after labelling ... 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.
