Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
TWIA Board to Meet April 18 to Discuss Action on 2023 Reinsurance
Apr 12 2023 // The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker,...
Third Point’s Loeb Looks to Take Re/insurer SiriusPoint Private
Apr 12 2023 // Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point said in a regulatory filing, sending the shares of the company up 13% in early trading on...
Re/insurance MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Apr 12 2023 // Aspect Labs Ltd., the London-based re/insurance managing general agent, has officially opened its doors for business – targeting small-to-mid-market risks that are not big enough for Lloyd’s of London. Initially...
Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform
Mar 30 2023 // Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of Tremor services that can...
Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re
Mar 24 2023 // Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, according to Gallagher Re. However,...
People Moves: McGill & Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team; Howden Names KPMG’s Cox as Head of Energy Transition
Mar 21 2023 // This edition of International People Moves details appointments at two London brokers: McGill and Partners and Howden Broking. A summary of these new hires follows here. McGill and Partners Hires Gallagher Re’s...
Reinsurance Recap: 2022 Results Mixed as Market Improves
Mar 20 2023 // Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges — ranging from inflation to the Ukraine war to growing losses...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Mar 10 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s...
New Reinsurance Brokerage, ReFlex Solutions, Launches in Bermuda
Mar 8 2023 // ReFlex Solutions Ltd., a new independent reinsurance brokerage, has launched in Bermuda with near-term plans for expansion into London and the U.S. The new business is led by Neville Ching, an industry veteran with 40...
Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office
Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...
Reinsurance Recap: 2022 Results Mixed as Market Improves
Feb 28 2023 // Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war to growing losses from...
Consilium Launches Specialty Treaty Reinsurance Division
Feb 24 2023 // Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division. The new treaty division will complement Consilium’s existing...
People Moves: Swiss Re Promotes Ningen to CEO, US P&C Re; MS Reinsurance Hires 4 for Data, Underwriting; Aon Promotes Day, Dickson in Political Violence & Terrorism Team
Feb 22 2023 // This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C Re Monica Ningen Monica Ningen...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points
Feb 20 2023 // Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, leading reinsurers to require higher attachment points, according to...
RiverStone Int’l Secures Excess-of-Loss Reinsurance to Support Growth at Lloyd’s
Feb 17 2023 // RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover. The reinsurance has been...
EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List
Feb 16 2023 // The European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in Ukraine, according to draft proposals...
RiverStone Completes Reinsurance-to-Close with MS Amlin, Largest in Lloyd’s History
Feb 15 2023 // RiverStone International, a leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Ltd. to provide MS Amlin Syndicate 2001 with a...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch
Feb 9 2023 // Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. “The vast majority of insured losses will be covered by reinsurance,...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Feb 8 2023 // Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the...
Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports
Feb 8 2023 // Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according to commentaries from AM Best and GlobalData. While it is likely that international...
