Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
10 Things to Consider When Buying, Selling or Operating a Reinsurance Intermediary
Nov 15 2021 // The global reinsurance landscape is an interconnected, intertwined marketplace that continues to grow and evolve. As insurance companies, agencies, program administrators and other industry actors continue to expand their...
People Moves: Chubb Promotes Walker to Head of Aerospace; Fidelis Names Stewart, Davern as Co-Deputy CUOs, Bellamy as Head of Property Reinsurance
Nov 12 2021 // This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance. A summary of these new hires follows here. Chubb Promotes Walker to Head of Aerospace Chubb announced the promotion...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer
Nov 12 2021 // Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the shares. Financial details of...
Insurtech Arbol Launches Bermuda MGU, Focusing on Parametric Reinsurance
Nov 10 2021 // Arbol Inc., a New York City-based insurtech platform for parametric protection products, announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, which is focused on providing...
Reinsurance Pricing Technology That Works During Hard and Soft Markets
Nov 9 2021 // Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and...
Why Reinsurance Prices Are Wrong—and How to Fix Them
Nov 9 2021 // Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the broker will discover...
Arch Rebrands Watford Re as Somers Re, as It Ushers in New Reinsurance Strategy
Nov 4 2021 // Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. and Somers Re Ltd.,...
Reinsurers Increasingly Using ILS to Transfer Risks
Oct 28 2021 // Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed to other counterparties. According to a report from S&P Global Ratings,...
Reinsurance Price Increases Support Improving Outlook for Sector: Fitch
Oct 26 2021 // Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it...
People Moves: Tysers’ Allen to Oneglobal Bermuda; MS Amlin Promotes Wallington for Specialty Re; Kessler Named Chair of Insurance Europe’s Reinsurance Advisory Board
Oct 25 2021 // Allen appointed as Head of Financial Lines for Oneglobal Bermuda Oneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will...
Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch
Oct 22 2021 // Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to...
Hamilton to Cease Writing Property Treaty Reinsurance Through Its Lloyd’s Syndicate
Oct 20 2021 // Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly review our book to ensure that we continue to drive underwriting...
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs
Oct 20 2021 // Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P
Oct 15 2021 // For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion,...
Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners
Oct 12 2021 // Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by Alchemy Special Opportunities Fund IV LP. Apollo said the investment will...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance
Sep 30 2021 // Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs (US$4.3 billion). Using quota share reinsurance,...
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P
Sep 30 2021 // The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report published by S&P Global...
MS Amlin AG Enters Agriculture Reinsurance Market, Hiring Bektleuov From PartnerRe
Sep 29 2021 // MS Amlin AG (MS AAG), the global reinsurer, announced its entry into the agriculture reinsurance market with the hire of Rinat Bektleuov as product group lead underwriter. Bektleuov joined the business in August 2021 and...
ACORD Releases Re/Insurance Data Standards for Electronic Placing
Sep 29 2021 // ACORD, the standards-setting body for the global insurance industry, announced the expansion of its Global Reinsurance & Large Commercial (GRLC) Data Standards, to include new standards for electronic...
