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.
Generali’s Lombard elected Chairman of EcoFin Committee, Insurance Europe
1st March 2017
Chairman and Chief Executive Officer (CEO) of Generali France, Eric Lombard, has been elected Chairman of the Economic & Finance (EcoFin) Committee of Insurance Europe, replacing Dieter Wemmer. The EcoFin division of Insurance Europe oversees the organisations work on regulatory, accounting and investment-related issues, and it's been revealed that Allianz SE ... Read the full article
CCR signs agreement with French state underlining reinsurer’s role
1st March 2017
Reinsurer Caisse Centrale de Reassurance (CCR) and the State of France have entered into a new agreement to redefine CCR’s primary state delegated roles, essentially clarifying the role of the reinsurer. The agreement was signed by the Minister of the Economy and Finance, Michel Sapin, and the senior executives of CCR, ... Read the full article
Reinsurance News – Wednesday 1st March 2017
1st March 2017
Here’s your daily Reinsurance News for Wednesday 1st March 2017: SCOR expects to save up to EUR 200m from consolidation of legal entities Global insurer and reinsurer has said that it expects to save up to €200 million from the consolidation and reorganisation of its various legal entities. China Re ... Read the full article
Argo Group adds two to Board of Directors
28th February 2017
International specialty insurer and reinsurer, Argo Group International Holdings, Ltd., recently announced the appointment of Dee Lehane and Al-Noor Ramji to its Board of Directors. Currently the Independent Chair of a Cabinet Office venture, Debt Market Integrator and Chairman of ORIC International, Lehane has substantial experience with strategic issues and technology-led business adaptions at insurance ... Read the full article
China Re expects up to 35% profit dip in 2016 as investment income declines
28th February 2017
Chinese, public reinsurer China Reinsurance Corporation (China Re) has announced that it expects its net profit attributable to its equity shareholders to decline by between 30% to 35% in 2016, when compared with the previous year, in response to low investment income. According to a note issued by the company on the ... Read the full article
Arch Capital board member resigns due to potential conflict of interest
28th February 2017
Arch Capital Group Ltd., the Bermuda based insurance and reinsurance firm, has announced the resignation from its Board of CEO of The Guardian Life Insurance Company of America Deanna Mulligan. Mulligan has taken the step to resign from the Arch Board of Directors due to a "potential future conflict of interest" ... Read the full article
Hannover Re US announces executive changes as CFO retires
28th February 2017
The U.S. division of reinsurance giant Hannover Re, Hannover Life Reassurance Company of America (Hannover Re US), has announced that Chief Financial Officer (CFO) David Wheat is to retire later this year, and be replaced by Clint Thompson. Effective June 30th, 2017, Wheat will retire from his position as Executive Vice ... Read the full article
Korean Re and IRB Brasil Re sign MUO to boost reinsurance cooperation
28th February 2017
Reinsurers Korean Re and IRB Brasil Re have announced that the pair signed a memorandum of understanding (MOU) on February 24th, 2017 in Rio de Janeiro. Korean Re President Won Jong-gyu and IRB Brasil Re President Tarcisio Godoy met at Brasil Re’s headquarters in Rio to sign the MOU, ... Read the full article
Willis names Imran Qureshi head of its U.S. Midwest region
28th February 2017
Willis Towers Watson today announced Imran Qureshi as the new head of the broker’s U.S. Midwest region. In his new role, Qureshi will be responsible for managing and growing the company’s business and client relationships across the Midwest, he will also be joining the North America Leadership ... Read the full article
SCOR expects to save up to EUR 200m from consolidation of legal entities
28th February 2017
One of the steps taken by French reinsurance firm SCOR to optimise its business in the new Solvency II world is a rationalisation, consolidation and reorganisation of its various legal entities, which once completed could save the company around EUR 200 million. As part of SCOR's latest strategic plan the firm ... Read the full article
Buffet says Berkshire Hathaway is poised for a market turn
28th February 2017
In his annual letter to Berkshire Hathaway shareholders, the Sage of Omaha Warren Buffett explains that his insurance and reinsurance companies are ready to take advantage of a market turn or dislocation. Not only is Berkshire Hathaway ready to take advantage of any turn, due to its enormous cash piles, Buffett ... Read the full article
Reinsurance News – Tuesday 28th February 2017
28th February 2017
Here’s your daily Reinsurance News for Tuesday 28th February 2017: Buffet says Berkshire Hathaway is poised for a market turn Berkshire Hathaway's Warren Buffett has said that his insurance and reinsurance firms are ready to take advantage of a turn in the marketplace. Profitable growth won’t be any easier ... Read the full article
Arch Re forms Arch Underwriters (Gulf) Limited
27th February 2017
Bermuda reinsurance company Arch Reinsurance Ltd. (Arch Re) has announced the formation of Arch Underwriters (Gulf) Limited (AUGL), to supplement its Gulf Re unit in Dubai. Arch Underwriters (Gulf) Limited will, subject to approval, be based in the Dubai International Financial Center (DIFC), UAE, and have underwriting authority for Arch Re. The ... Read the full article
Neon grows Property Insurance segment with two hires
27th February 2017
Insurance and reinsurance group Neon has announced the appointment of Sam Yates and Jonathan Powell within its Property Insurance team. Yates will be responsible for growing the firm's open market property direct and facultative (D&F) business in London, and has more than 10 years experience working on property underwriting. He will ... Read the full article
Ironshore Specialty Casualty execs take on new product line responsibilities
27th February 2017
Ironshore Specialty Casualty has announced that executives Dawn Puro and Sonny Powers will assume new product line responsibilities, effective immediately. Puro, Senior Vice President (SVP) of Specialty Casualty at the firm's New York office has been named Product Line Manager, Public Entity lines and Powers, Vice President and Product Line Manager ... 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.
