Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Flood Modeler JBA Collaborates With South African Broker, Reinsurance Solutions
Sep 24 2021 // JBA Risk Management Ltd. announced its collaboration with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use the JBA global flood modeling capability to provide flood risk...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P
Sep 24 2021 // Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. “Unmodeled risks and the inherent difficulties...
Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P
Sep 20 2021 // Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux...
Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds
Sep 16 2021 // A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022,...
Cyber Re/Insurance MGA, Envelop Risk, Announces $130 Million Series B Financing
Sep 14 2021 // Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its...
Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform
Sep 14 2021 // Global reinsurance broker Gallagher Re has unveiled an automated analytics platform it says benefits reinsurance clients and markets by bringing together all analytics capabilities into one platform and providing a...
Aon Combines Facultative Reinsurance Broking Teams in APAC, Led by Lambrou
Sep 14 2021 // Aon plc announced that the facultative reinsurance broking team within Aon’s Singapore Broking Centre and Reinsurance Solutions’ APAC facultative team have combined to create a united facultative reinsurance...
Volatile Cyber Market Struggles to Boost Reinsurance Capacity
Sep 13 2021 // The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one compared to others in the...
P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter
Sep 10 2021 // Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant capacity. Prices...
For Now, No Need for Federal Cyber Reinsurance Backstop: Experts
Sep 9 2021 // Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. “I don’t think a compelling case...
Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims
Sep 9 2021 // Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business Intelligence for Aon...
Global Reinsurance Rates, Demand to Continue Rising in 2022
Sep 7 2021 // Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase may slow, ratings analysts said on Tuesday. Reinsurance rates have been rising in the past few...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals
Sep 6 2021 // Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest...
Reinsurer SCOR Restructures Group Leadership Team
Sep 3 2021 // SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR said all the changes were made with internal promotions. The following group...
Munich Re Moves Ahead of Swiss Re as Reinsurer With Most GPW: AM Best
Sep 2 2021 // Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re held the top spot...
Beazley Out as Reinsurer MS Amlin’s CEO; Successor CEO Selected But Not Named
Sep 1 2021 // Global reinsurer MS Amlin AG announced that Christopher Beazley has stepped down as chief executive officer. According to the announcement, Beazley will “pursue opportunities outside of MS Amlin” after serving...
Ascot Realigns Global Reinsurance With Launch of Ascot Re
Aug 31 2021 // HAMILTON, BERMUDA — Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded risk and providing a single point of entry for all Ascot’s reinsurance products...
South Africa’s State Insurer to Raise Premiums to Cover Riot-Related Reinsurance Costs
Aug 25 2021 // JOHANNESBURG – South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum
Aug 24 2021 // Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
