Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
People Moves: Swiss Re Names Gonzalez as CEO Reinsurance China, McGrath Becomes Regional CEO for Corporate Solutions in N. America
Mar 18 2022 // Swiss Re announced that Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from July 1, 2022. He will relocate from New York to Beijing. Katie McGrath will succeed Ivan as...
People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali’s Mather to Lead Int’l Financial Lines
Mar 10 2022 // This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford. A summary of these new hires follows here. AXA XL Names Bewlay as Chief Executive Reinsurance, Succeeding Cooper AXA XL...
TWIA Board to Meet on March 22 to Decide on Reinsurance for 2022 Hurricane Season
Mar 10 2022 // The Texas Windstorm Insurance Association Board of Directors will hold an interim meeting on March 22 at 1:30 p.m. CT to determine TWIA‘s catastrophe funding and reinsurance needs for the 2022 hurricane season. The...
People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada
Mar 7 2022 // This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these new hires follows here. Lockton Hires Starr Cos.’ Shephard for Aviation Carl...
Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk
Mar 7 2022 // Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services to MGAs. Financial details of the acquisition were...
DARAG Acquires Guernsey Reinsurance Captive in Run-Off
Mar 3 2022 // DARAG Group, an international insurance and reinsurance group that specializes in the assumption of discontinued businesses, has acquired a Guernsey based reinsurance captive. DARAG said the sale of the captive, which has...
UK to Ban Russian Companies From London Aviation Insurance Market
Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...
People Moves: Rosa Appointed CEO of Euler Hermes Agency; Gallagher Re Adds Aon’s LaPalme; Marsh Hires Lipinska, Cobb
Feb 28 2022 // This edition of International People Moves details appointments at Euler Hermes, Gallagher Re and Marsh. A summary of these new hires follows here. Rosa Appointed CEO of Euler Hermes World Agency Riccardo Rosa Euler...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region
Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting Officer Greg...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier
Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...
SCOR Reports 19% Premium Growth in January Renewals, Average Price Hikes of 4.9%
Feb 8 2022 // SCOR reported 19.0% premium growth during the January property/casualty (P/C) reinsurance renewals and an overall average P/C price increase of 4.9%. SCOR said the 19% premium growth figure includes a large structured...
People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman
Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada. A summary of these new hires follows here. Legacy...
TWIA Board Chooses Aon For Catastrophe Modeling
Feb 3 2022 // The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the Board’s statutorily required determination of the Association’s 1-in-100-year...
Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate
Feb 1 2022 // Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate...
People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance
Jan 19 2022 // This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Jan 19 2022 // Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business...
