Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Singapore Plans Financial Services Overhaul to Boost Sustainable Finance, Reinsurance
Sep 15 2022 // Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its position in a “key battleground” to fight climate change, mobilizing capital to support...
People Moves: MS Amlin’s Beazley Named CEO of SCOR UK, SCOR Syndicate; Aon Reinsurance Solutions Hires Goodman as UK President
Sep 14 2022 // This edition of International People Moves details appointments at SCOR and Aon Reinsurance Solutions. A summary of these new hires follows here. Former MS Amlin Exec Beazley Appointed CEO of SCOR UK, SCOR Syndicate SCOR...
Property Catastrophe Reinsurance Entering a True Hard Market
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty
Sep 12 2022 // This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires follows here. Everest Re Taps Nationwide’s Rudow as Global Head of Cyber...
MS Amlin AG to Rebrand as ‘MS Reinsurance’
Sep 12 2022 // MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. The company said that MS...
Don’t Look Now, But More Reinsurance Price Increases on the Way
Sep 8 2022 // Fresh on the heels of massive reinsurance price increases in June, which helped send some property insurers into insolvency or out of the Florida market, reinsurers are now likely to raise premiums again in the next few...
Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience
Sep 8 2022 // Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide range of expertise and technology solutions — designed to help property & casualty and...
Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets
Sep 6 2022 // Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines, though higher interest rates helped their liability positions, broker Gallagher Re said on...
Reinsurance Capital to Drop $40 Billion at Year-End 2022: AM Best
Sep 5 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
Brazilian Reinsurer IRB Raises $228.9M in Share Offering
Sep 2 2022 // Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a share offering, after successive monthly losses led analysts to raise alerts on its capital...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P
Aug 31 2022 // The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at...
ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome
Aug 29 2022 // The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched or is unavailable,...
People Moves: CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth
Aug 25 2022 // CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical underwriter, and Oliver Devenish, as underwriter, to the London/Lloyd’s...
Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor
Aug 25 2022 // Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world. Suek JSC, Russia’s largest thermal coal miner, was...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best
Aug 22 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Aug 17 2022 // Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for...
People Moves: Hong Kong Reinsurer Peak Re Appoints Nowakowski as CUO
Aug 15 2022 // This edition of International People Moves details appointments at Peak Re and CNA Hardy. A summary of these new hires follows here. Hong Kong Reinsurer Peak Re Appoints Nowakowski as CUO Peak Re, a Hong Kong-based global...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims
Aug 15 2022 // Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, according to Fitch...
Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million
Aug 9 2022 // Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S. reinsurance broker Transverse, the Nikkei business daily reported on...
