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 – Monday 13th February 2017
13th February 2017
Here’s your daily Reinsurance News for Monday 13th February 2017: Reinsurance demand growth seen in North America: Hannover Re Reinsurance giant Hannover Re has said that North America is expected to be one of its growth areas in the coming year, as the U.S.’s economic recovery increases reinsurance demand. Read the full article
Armenia & Iran expand re/insurance collaboration
10th February 2017
Armenia and Iran are set to expand cooperation between their insurance industry, in a move hailed by key officials and industry leaders as a significant step for strengthening the two countries' economic ties, Armenian news agency ARKA reported today. The Armenian ministry of Economic Development and Investments announced that minister Suren ... Read the full article
Lloyd’s Market Association appoints six Claims Committee members
10th February 2017
The Lloyd’s Market Association (LMA) has announced the appointment of six new members to its LMA Claims Committee (LMACC) - the team will advise the LMA Board on strategic claims matters and provide leadership and direction to Lloyd’s claims community. Nick Sinfield, Group Head of Claims at Tokio Marine Kiln; Sheel ... Read the full article
2016 insured catastrophe losses total $39.5 billion: Willis Re
10th February 2017
2016’s insured loss estimates have smashed expectations reaching $39.5 billion, the highest figure since four years, when 2012 losses rose to $60 billion, according to reinsurance broker Willis Re. The global advisory broking and solutions company released a report today listing last year’s major natural catastrophe event losses in terms of ... Read the full article
Aon to sell Benefits Admin & HR BPO platform to Blackstone
10th February 2017
Global insurance and reinsurance broker Aon has agreed to sell the Benefits Administration & HR Business Process Outsourcing (BPO) platform of its Aon Hewitt division to Blackstone, for up to $4.8 billion. The broker announced that it's signed a definitive agreement to sell the business units to investment giant Blackstone for ... Read the full article
Reinsurance could stabilise risk pools in U.S. health market reform: McKinsey
10th February 2017
Improved reinsurance mechanisms for the U.S. health insurance market have been proposed as a means to rescue the struggling industry with a more stabilised risk pool, according to a report by management consulting firm McKinsey. Health insurance in the U.S. continues to be a hotly debated issue as the new administration pursues ... Read the full article
Aon reports organic reinsurance revenue growth
10th February 2017
Insurance and reinsurance broker Aon plc has reported organic growth in its reinsurance operations at Aon Benfield in the final quarter of 2016. The broker reported a 2% increase in organic reinsurance related revenues at the firm, increasing from $323 million in the fourth-quarter of 2015 to $329 million in the ... Read the full article
Reinsurance News – Friday 10th February 2017
10th February 2017
Here’s your daily Reinsurance News for Friday 10th February 2017: Zurich claims on Farmers aggregate reinsurance for first time For the first time ever Zurich Insurance had to claim on its Farmers aggregate reinsurance treaty, as catastrophe losses in 2016 increased to more than $1.3 billion. Swiss Re ... Read the full article
Price adjustment for longevity re/insurance forecasted: Aon
9th February 2017
Retirement and health broker and advisory Aon Hewitt, part of the insurance and reinsurance Aon plc group, said there's been a sooner than expected reduction in mortality improvement rates resulting in adjustments to UK longevity insurance and reinsurance capacity pricing. The carrier has urged pension schemes to review these emerging lower ... Read the full article
Fairfax Financial heads to New Zealand with $197m Tower acquisition
9th February 2017
Prem Watsa's Fairfax Financial, which owns Brit Insurance and is in the process of acquiring re/insurer Allied World, is entering the New Zealand insurance market with the acquisition of Tower Insurance. Announced today, Fairfax Financial has made an all cash offer at $1.17 per share, so valuing the insurer at ... Read the full article
Zurich claims on Farmers aggregate reinsurance for first time
9th February 2017
Zurich Insurance Group's fourth-quarter and full-year 2016 results show that the firm had to call on its Farmers Exchanges catastrophe reinsurance treaty for the first time, as catastrophe losses led by Texas storms increased to more than $1.3 billion. The catastrophe reinsurance programme was put in place three years ago with ... Read the full article
Arthur J. Gallagher targets cyber coverage gaps for manufacturers
9th February 2017
With a newly launched cyber insurance product broker Arthur J. Gallagher is targeting some of the gaps in existing cyber coverages, a step that could help to open up some of the untapped cyber exposure to the market which could generate significant reinsurance demand. Backed by A rated Lloyd's of London ... Read the full article
Terror coverage demand set to increase in 2017: Pool Re
9th February 2017
Re/insurers could see increased demand for terror coverage across Europe in 2017, as the emerging geopolitical landscape shows the year will bring heightened and shifting terror threats. The largest provider of terrorism reinsurance cover in the UK, Pool Re, has issued a report listing the key terrorist themes for ... Read the full article
Australian insurers increasingly look to life reinsurance
9th February 2017
After numerous issues in the Australian life and health insurance business, primary companies are increasingly looking to life reinsurance opportunities, in order to transfer exposures from older business and to resolve capital issues. Industry wide deterioration in lapse rates and rising claims trends have both impacted the life and health business ... Read the full article
Reinsurance News – Thursday 9th February 2017
9th February 2017
Here’s your daily Reinsurance News for Thursday 9th February 2017: Major reinsurers pull back on China underwriting Three of the world's biggest reinsurance companies have all pulled back on their China underwriting in response to thinning margins and increasing competition from local players. London Market Group to add ... Read the full article
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