Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
TWIA Board Meeting Will Discuss Budget, Reinsurance Program
Dec 9 2022 // The Texas Windstorm Insurance Association Board of Directors will meet next week in Corpus Christi to approve next year’s budget among other business. The board is expected to consider filling the vacant position of...
Florida and Reinsurance – Pulling Back the Covers
Dec 6 2022 // The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms of the crisis include...
People Moves: Aon Reinsurance Solutions Names New APAC Leaders; Cyber Risk Modeler DeNexus Hires Aguilar as VP of Sales, EMEA
Nov 29 2022 // This edition of International People Moves details appointments at Aon Reinsurance Solutions and DeNexus. A summary of these new hires follows here. Aon Reinsurance Solutions Names New APAC Leaders Insurance broker Aon plc...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch Ratings Fitch expects double-digit percentage premium...
With Another Fla. Hurricane Coming, Signs Pointing to Bigger Spike in Reinsurance Rates
Nov 8 2022 // One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special session of the Florida...
Universal P&C Posts $72 Million Loss, But Says it’s Well-Covered with Reinsurance
Oct 31 2022 // Universal Insurance Holdings Inc., the parent company of Universal Property & Casualty Insurance Co., Florida’s second-largest carrier, posted a $72 million loss for the third quarter of this year. That’s...
People Moves: Argenta Taps AXIS Re’s Haynes as Marine XoL U/W; Fusion Names Senior Hires in Singapore, Hong Kong; BMS Appoints Tesei for European Energy Reinsurance
Oct 27 2022 // This edition of International People Moves details appointments at Argenta Syndicate Management Ltd. (ASML), Fusion and BMS Group. A summary of these new hires follows here. Argenta Appoints AXIS Re’s Haynes as...
Re/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts
Oct 25 2022 // With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars...
With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers
Oct 25 2022 // It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60...
People Moves: MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance; WTW Global Aerospace Heath Names PIIQ’s Heath to Lead Aerospace
Oct 24 2022 // MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance Paul Evans MS Amlin Underwriting Ltd., the Lloyd’s market re/insurer, announced the appointment of Paul Evans as senior underwriter Marine...
Will Hurricane Ian Consume Florida’s Catastrophe Fund, Forcing More Back-Breaking Reinsurance Next Year?
Oct 17 2022 // While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO
Oct 11 2022 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up...
People Moves: Arch Ins. Int’l Names Lockton’s Stallard as Cargo U/W; Beazley Hires van Ommeren as Financial Lines U/W; Aon Reinsurance Taps Sompo’s Shedden for Analytics
Oct 6 2022 // This edition of International People Moves details appointments at Arch Insurance International, Beazley, and Aon Reinsurance Solutions. A summary of these new hires follows here. Arch Insurance Int’l Names...
Will Ian Consume Florida Cat Fund, Forcing More Back-Breaking Reinsurance?
Oct 5 2022 // While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode...
People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
Sep 30 2022 // This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance...
Lockton Re Launches SAGE 2.0 to Boost Reinsurance Analytics
Sep 21 2022 // Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, launches Lockton Re SAGE 2.0, its next level of analytics features and tools as part of Lockton...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook
Sep 16 2022 // Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn’t time to change that view during a webinar last week. Taoufik Gharib, senior...
AMBest Report Shows Florida Insurers Far Out of Line on Reinsurance Dependency
Sep 15 2022 // Mango Questions State-Run Ratings Agency Idea Florida-domiciled property carriers are extremely reliant on the reinsurance market, making them vulnerable to coming price hikes, a just-released report from the AM Best...
People: IQUW Taps Lancashire’s Warburg as Head of Reinsurance, London; Gallagher Re Names Swiss Re’s Choniski as Head of Embedded Insurance
Sep 15 2022 // IQUW Taps Lancashire’s Warburg as Head of Reinsurance, London Property and specialty re/insurer IQUW has named Dan Warburg as its new head of Reinsurance, London. Based in London, he will report to Steven Tebbutt,...
