Reinsurance News
risk transfer
Record-breaking numbers in bulk annuity market attracting new insurers: Hymans Robertson
29th November 2023
A number of new insurers are expected to enter the bulk annuity market, attracted by the record-breaking numbers and volumes of transactions, according to a new report from Hymans Robertson. The firm observed that transaction records in the risk transfer market are expected to be broken in 2023 and the years ... Read the full article
MetLife closes $19bn reinsurance agreement with Global Atlantic
16th November 2023
Life insurer MetLife has announced it has completed a $19 billion risk transfer transaction with Global Atlantic Financial Group, a retirement and life insurance company. The deal sees Global Atlantic reinsuring a diversified portfolio of MetLife’s US retail annuity and life insurance business, reinforcing Global Atlantic’s position as a leading reinsurer ... Read the full article
Aon & IFRC DREF Insurance a vital mechanism for enhancing risk transfer: IFRC
26th October 2023
The Disaster Response Emergency Fund (DREF) Insurance mechanism, pioneered by International Federation of Red Cross and Red Crescent Societies (IFRC) in partnership with Aon, is a vital new approach for enhancing preparedness and risk transfer, IFRC Under Secretary General, Nena Stoiljkovic, highlighted. A recent London Summit brought together leaders and decision-makers ... Read the full article
Aon & Lloyd’s collaborate with IFRC to launch new disaster response risk transfer mechanism
6th September 2023
The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced the launch of a groundbreaking financial mechanism to transform disaster response. This tool provides a backstop for the IFRC's Disaster Response Emergency Fund (DREF). According ... Read the full article
Fannie Mae executes fifth CIRT transaction of 2023
19th May 2023
Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2023. As part of the firm’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-5 transferred $424.4m of mortgage credit risk to private insurers and reinsurers. Since inception to ... Read the full article
Hymans Robertson adds Verity Hastie to its risk transfer team
29th March 2023
Hymans Robertson, a pensions and financial services consultancy, has appointed Verity Hastie as a Risk Transfer Specialist. Prior to taking on the role, Hastie had 14 years of experience in completing buy-in, buy-out and longevity swap transactions for leading insurance companies. In her most previous role, Hastie was lead in the business ... Read the full article
Hymans Robertson expands Risk Transfer team with two appointments
16th March 2023
Hymans Robertson, a leading pensions and financial services consultancy, has made two hires within its expanding Risk Transfer team. The company has appointed both Paula Haughton and Harry Allen, who both bring a strong level of expertise towards the team. Haughton has over 20 years of experience within the pensions field. She ... Read the full article
Allianz and Marco complete P&C legacy transfer deal
23rd January 2023
European P&C insurance run-off group Marco Capital Holdings Limited has completed its Part VII transfer of Allianz Suisse liabilities concerning the remaining risks in Allianz Suisse’s UK Branch, known as The Gibbon Pool. According to the announcement, Marco received approval from the High Court to transfer the remaining risks in The ... Read the full article
Brokers insist the reinsurance industry must embrace volatility and scale up: Peel Hunt
27th September 2022
Various leading brokers at the reinsurance Rendezvous insist that the industry must embrace volatility and ‘scale up’ to meet the opportunity that climate change, the widening protection gap, and the increasing demand for risk transfer of cyber and intellectual property exposures will require in the longer term, says Peel Hunt. The ... Read the full article
Allianz and Swiss Re to lead flood risk transfer project in Ghana
14th June 2022
Allianz and Swiss Re, members of the Insurance Development Forum (IDF), will lead a Tripartite risk transfer project for urban floods in Ghana. The IDF, alongside the Ghana Ministry of Finance, the United Nations Development Programme (UNDP) and the German Government, announced its launching during the IDF ... Read the full article
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