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.
Aon / Willis Towers Watson still debating dates, key pre-trial points with US DoJ
14th July 2021
The debate over the scheduling of key dates in the legal process continues in the build up to Aon and Willis Towers Watson's (WTW) antitrust trial with the US Department of Justice (DoJ). Late in June, after what we assume was a protracted period of negotiation, the US department of Justice ... Read the full article
Kingstone inks new reinsurance program
14th July 2021
Northeast regional property and casualty insurance holding company Kingstone has announced the finalisation of its reinsurance program for the period between July 1, 2021 through June 30, 2022. "I am delighted to let you know that Kingstone has finalized its 2021- 2022 catastrophe reinsurance placement,” said Barry Goldstein, Kingstone Chief Executive ... Read the full article
Rokstone secures coverholder licence in Africa
13th July 2021
International speciality re/insurance MGA Rokstone has secured an insurance agent licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa. Initially writing Political Violence & Terrorism and Property directly from Mauritius, the office expects to offer Financial Lines later in the ... Read the full article
Net-Zero Insurance Alliance (NZIA) launched at G20 Climate Summit
12th July 2021
Eight of the world’s largest insurance and reinsurance companies have launched the Net-Zero Insurance Alliance (NZIA) at the G20 Climate Summit in Venice yesterday, committing to transition their underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050. The United Nations Environment Programme Finance Initiative (UNEP FI) called it a "historic ... Read the full article
Re/insurance pricing trends improving across all primary lines, says RBC
9th July 2021
Pricing trends continue to improve in almost all lines of business in both primary insurance and reinsurance, according to analysis from RBC Capital Markets. Analysts expect to see prices continue to increase with specialty and commercial lines increasing faster than reinsurance prices. Furthermore, there’s an expectation that margins are beginning to improve ... Read the full article
Midwest secure reinsurance agreement with American Republic
5th July 2021
Technology-enabled, services-oriented life and annuity platform Midwest Holding has announced that its American Life & Security Corp (ALSC) subsidiary has entered into a reinsurance agreement with American Republic Insurance Company (ARIC). The agreement is renewable on an annual basis, subject to potential adjustment of the quota share, up to $100 million ... Read the full article
FGRe inks contract with leading insurtech firm
30th June 2021
Reinsurance and investment management firm FG Financial Group has announced that its reinsurance subsidiary, FG Reinsurance (FGRe), has entered into a contract with a leading Insurtech company. This is FGRe’s second reinsurance contract written since FG Global launched the subsidiary in June 2020. The contract provides automotive insurance utilising driver monitoring to ... Read the full article
Brookfield completes launch of reinsurance entity
28th June 2021
Brookfield Asset Management (Brookfield) and Brookfield Asset Management Reinsurance (BAM Re) have completed the previously announced creation of Brookfield Reinsurance. “We are excited to be launching Brookfield Reinsurance, which establishes a scalable platform for our growing insurance businesses and provides investors with an alternative, efficient means through which to hold ... Read the full article
Corporate tax minimum would be negative for re/insurers: industry snapshot
25th June 2021
57% of industry participants we approached feel the introduction of a global minimum corporate tax rate would negatively impact the insurance and reinsurance landscape. Important to note are the limitations of our approach, which was one designed to capture the industry’s opinion quickly and at low resolution. As a result, we cannot ... Read the full article
Insurance Europe outlines “vital” need to remove key re/insurance access barriers
21st June 2021
Insurance Europe has underlined the importance of removing market access barriers between European re/insurers and the countries Argentina, Brazil, Canada, India and Indonesia. The governing body believes this action is needed to help reduce protection gaps and avoid dangerous concentrations of risk in these jurisdictions. Furthermore, avoiding a build-up of climate-related risks ... Read the full article
AmericanAg adds Doug Nuehring as Underwriting/Marketing AVP
18th June 2021
Global reinsurer AmericanAg has announced the appointment of Doug Nuehring to its team as Assistant Vice President – Underwriting/Marketing. Nuehring will be responsible for underwriting a portion of the firm’s broker assumed international portfolio, including programs in Western and Northern Europe and China. He joins from EMC Reinsurance Company, where he spent ... Read the full article
Lloyd’s gets £650m cover for Central Fund: Report
17th June 2021
The Lloyd's of London insurance and reinsurance market has taken out a £650 million cover from an investment bank and reinsurers to protect its Central Fund against significant loss events, according to a report from the FT. The Central Fund reinsurance, or perhaps retrocession, arrangement, will have a five-year term and ... Read the full article
Asian Reinsurance Corp reelects Funa as Chairman
16th June 2021
Insurance Commissioner Dennis B. Funa has been reelected as the chairman of the management board of Asian Reinsurance Corporation. He will serve a fresh new two-year term of office from 2021 until 2023 following his reelection on June 10, the Insurance Commission said in a statement. “I am deeply honored to have ... Read the full article
Topsail Re adds Robin Elder to key VP & Director role
15th June 2021
Topsail Re has announced the appointment of Robin Elder to the role of VP and Director of Reinsurance Finance. Elder is also a member of Topsail Re’s Client Services Team and brings over twenty years’ to the role. For the past five years, she was Director of Service and Operations in Business ... Read the full article
Ascot partnership to offer US builders risk insurance
4th June 2021
Bermuda-domiciled specialty re/insurer Ascot has formed a partnership with Highland Insurance Solutions to provide a builders risk insurance program for US projects. The partnership will provide Highland, a subsidiary of WNC Insurance Services, with additional capacity to underwrite frame and concrete construction projects on all risks policies. The solution will be available ... Read the full article
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