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.
Even Munich Re’s normalised combined ratio nears breakeven
8th December 2016
International financial services ratings agency, Fitch Ratings, has commented on the impact the softening reinsurance market is having on the underwriting profitability of reinsurer Munich Re, stating that the company's P&C reinsurance normalised combined ratio deteriorated to 99.9% in the first nine months of 2016. Lower than expected losses from natural ... Read the full article
Reinsurance News – Thursday 8th December 2016
8th December 2016
Here’s your daily Reinsurance News for Thursday 8th December 2016: Cost-of-capital to be a struggle in reinsurance: S&P Global ratings agency Standard & Poor's has warned that reinsurers are going to find it increasingly difficult to meet cost-of-capital requirements in the softening landscape. Aon looks to sell ... Read the full article
Guy Carpenter & Munich Re help CGIF to first reinsurance treaty
7th December 2016
Reinsurance giant Munich Re and broker Guy Carpenter have helped the Credit Guarantee and Investment Facility (CGIF) complete its first reinsurance treaty, signalling a new beginning for specialty reinsurance in Asia. The innovative reinsurance treaty was executed with a panel of leading reinsurers, led by Munich Re's specialist credit reinsurance team. The ... Read the full article
Reinsurance News – Wednesday 7th December 2016
7th December 2016
Here’s your daily Reinsurance News for Wednesday 7th December 2016: Enstar enters into $919 million QBE Legacy deal Enstar Group has revealed that one of its subsidiaries has entered into an agreement with a division of QBE Insurance Group, to reinsure U.S. P/C business, assuming gross reinsurance reserves of roughly $919 ... Read the full article
Mike Hudzik to head Swiss Re’s North American Casualty Hub
6th December 2016
Reinsurance giant Swiss Re has announced the appointment of Mike Hudzik as Head of its North American Casualty Hub, a role that will also see him join the firm’s Americas Management Team and Casualty Management Team. Previously Senior Vice President (SVP) at reinsurance firm Swiss Re, where he was responsible for ... Read the full article
Reinsurance News – Tuesday 6th December 2016
6th December 2016
Here’s your daily Reinsurance News for Tuesday 6th December 2016: Liberty Mutual to acquire Ironshore from Fosun International Liberty Mutual has announced the acquisition of Ironshore from Fosun International, a deal that is expected to close in the first half of 2017. The purchase price is subject to closing price ... Read the full article
Reinsurance News – Monday 5th December 2016
5th December 2016
Here’s your daily Reinsurance News for Monday 5th December 2016: Swiss Re to cut back on P&C, but positive on re/insurance industry trends Reinsurance giant Swiss Re has said that the long-term outlook for the re/insurance industry is positive, highlighting growth potential in risk pools. The firm also revealed ... Read the full article
Reinsurance News – Friday 2nd December 2016
2nd December 2016
Here’s your daily Reinsurance News for Friday 2nd December 2016: Krefta to become CEO of Hiscox Bermuda, Hiscox Re & ILS Insurer and reinsurer Hiscox has announced that Jeremy Pinchin is to return to London, and leave his position as CEO of Hiscox Bermuda and CEO of Hiscox Re and ... Read the full article
Reinsurance News – Thursday 1st December 2016
1st December 2016
Here’s your daily Reinsurance News for Thursday 1st December 2016: NZ quake to cost re/insurers up to NZ$5bn, business interruption key New Zealand's Reserve Bank has said that the recent magnitude 7.8 earthquake that struck the Kaikoura area of New Zealand could result in an insurance and reinsurance bill of as ... Read the full article
Reinsurance News – Wednesday 30th November 2016
30th November 2016
Here’s your daily Reinsurance News for Wednesday 30th November 2016: Arch Capital to raise $950 million to help finance United Guaranty deal Arch Capital Group Ltd. is looking to raise $950 million in debt to help finance its acquisition of AIG's United Guaranty division. The firm also revealed that some ... Read the full article
Reinsurance News – Tuesday 29th November 2016
29th November 2016
Here’s your daily Reinsurance News for Tuesday 29th November 2016: AXIS Capital to acquire aviation re/insurer Aviabel AXIS Capital has announced the acquisition of general aviation insurance and reinsurance entity Aviabel, which will help the firm expand its presence in the global aviation marketplace. Willis Re names James ... Read the full article
Reinsurance News – Monday 28th November 2016
28th November 2016
Here’s your daily Reinsurance News for Monday 28th November 2016: January reinsurance renewal pricing outlook uncertain: Hannover Re As the softening reinsurance market enters into its fifth year, pricing and rates in the industry may struggle to remain flat at the key 1/1 2017 renewals period, according to reinsurer ... Read the full article
Reinsurance News – Friday 25th November 2016
25th November 2016
Here’s your daily Reinsurance News for Friday 25th November 2016: Protectionism hurts ability to close insurance coverage gap: Swiss Re Reinsurance giant Swiss Re recently highlighted how protectionist practices are having a detrimental impact on the ability of global insurers and reinsurers to close the protection gap. Pool ... Read the full article
Reinsurance News – Thursday 24th November 2016
24th November 2016
Here’s your daily Reinsurance News for Thursday 24th November 2016: PERILS almost doubles Italy quake loss estimate to EUR66m PERILS has announced that it has nearly doubled its insured industry loss estimate for the magnitude 6.2 earthquake that struck Italy in August, to €66 million. IRDAI establishes committee ... Read the full article
Reinsurance News – Wednesday 23rd November 2016
23rd November 2016
Here’s your daily Reinsurance News for Wednesday 23rd November 2016: Re/insurance headwinds to persist, but growth expected in 2017: Swiss Re Headwinds in the global insurance and reinsurance industry are expected to persist in 2017, but growth in both emerging and advanced markets is also expected, according to reinsurance ... Read the full article
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