Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter January 6, 2016 Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several...
El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re January 4, 2016 By Jonathan Gould Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring...
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar December 4, 2015 By Sonali Basak UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance...
XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C December 3, 2015 By Katherine Chiglinsky XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc....
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform December 2, 2015 Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of...
Castel Launches Corporate Underwriting Cell, Targeting African Reinsurance December 1, 2015 Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re,...
Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1 November 30, 2015 A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo...
State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery November 24, 2015 By Carolyn Cohn and Maya Nikolaeva Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office November 19, 2015 By Anjuli Davies, Pamela Barbaglia and Olivia Oran Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in...
A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries November 19, 2015 A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength...