Rio Olympics Will Proceed – Despite Zika Epidemic: Munich Re Underwriter May 23, 2016 By John Tozzi and Ira Boudway Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to...
Oaktree Capital & Egan Cut Ties After Failure to Raise Funds to Form a Reinsurer May 19, 2016 By Alex Barinka, Kiel Porter and Sonali Basak Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a...
Munich Re’s Q1 Net Income Drops to $489.9M; Annual Profit Target Revised May 10, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit...
Everest Re Appoints Knipper to Head Its Continental Europe Operations May 3, 2016 Bermuda-based Everest Re Group Ltd. announced that Stephan Knipper joins the company as managing director Continental Europe (subject to regulatory...
Greenlight Re Reports Q1 Net Income of $28.7M in 1st Profit Since 2014 May 3, 2016 By Katherine Chiglinsky and Sonali Basak Greenlight Capital Re Ltd. posted a quarterly profit for the first time since 2014 on a rebound in the reinsurer’s...
Swiss Re Q1 Net Income Down 15% to $1.23B; New Head of Reinsurance Named April 29, 2016 By Jan-Henrik Förster and Jeffrey Vögeli Swiss Re AG, the world’s biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing...
Munich Re Issues First Quarter Profit Warning on Lower Equity Investments April 27, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than...
Chubb Tempest Re Names Lee-Amies Head of Marine & Energy, Succeeding Neave April 21, 2016 Chubb Tempest Re, the global reinsurance division of Chubb, has appointed Neil Lee-Amies to the role of head of Marine...
Global Financial Leaders Warn About Dangers of Negative Interest Rates April 20, 2016 By Finbarr Flynn The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president...
Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units April 12, 2016 By Simone Foxman and Sonali Basak Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company:...