Reinsurance
Punch swaps Willis Re for JLT Re in Asia
Stephen Punch will be in charge of regional clients and retrocession in Asia-Pacific for JLT Re from early next year.
Pool Re launches international terrorism risk body
Pool Re has launched the International Forum of Terrorism Risk Reinsurance Pools.
Japanese Sompo aims to become a 'truly global insurer'
Sompo's president and CEO, Kengo Sakurada has said the Japanese insurer aims to build a business which competes on a global scale with its purchase of Endurance.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
XL Catlin's Simon Cook on the role of reinsurers in cyber
Data breaches, ransomware attacks and social media scams are all making the headlines and are the stuff of nightmares for risk managers. It’s not surprising then that the insurance industry has been occupied with trying to develop solutions that respond…
Pelgrin appointed to head of continental Europe at Sompo Canopius
Sompo Canopius has appointed Thierry Pelgrin as head of continental Europe.
Europe: Reinsurance trends in 2016 and beyond
Reinsurance and global risks are by nature linked, since the reinsurance business is all about risk. To better understand reinsurance trends a look at the global risk landscape is required.
Swiss Re's Mumenthale positive despite nine point hit to H1 COR
Swiss Re has reported a H1 net income of $1.9bn (£1.44bn), down from $2.3bn (£1.75bn) for the same period in 2015.
Europe: Impact of the Insurance Act on reinsurers
The Insurance Act is coming into force in two weeks and it will have a significant impact on reinsurers. Here is what they should watch out for in particular.
Blog: Blockchain, from industry loss warranties to original insureds
Blockchain could revolutionise the insurance and reinsurance industry.
Reinsurance market could 'bump along the bottom for years' claims Willis Re
Reinsurance rate softening has continued through the June/July renewal season and may “bump along the bottom for years”, according to Willis Re.
Compre announces fourth acquisition of the year
Insurance and reinsurance legacy specialist Compre has acquired Allianz IARD’s Ridgwell Fox & Partners pool legacy reinsurance business for an undisclosed sum.
WR Berkley begins Asian insurance venture
WR Berkley has launched Berkley Insurance Asia to serve clients in Asia to complement its Asia-Pacific reinsurance operations.
Traditional reinsurance capital down $13bn, offset by non-traditional sources
Reinsurance capital fell 3.5% or $13bn (£9bn) in 2015 within traditional sources but non-traditional sources saw continued growth, up $70bn according to the latest Reinsurance Market Report from Willis Re.
BP Marsh buys 20% of Asia Reinsurance Brokers
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
BB&T completes $500m purchase of CGSC's US arm
US broker BB&T has completed the purchase of Cooper Gay Swett & Crawford’s US unit for $500m (£352m) in cash.
Helvetia Holdings to reduce board size
Three board members at Helvetia Holdings will not stand for re-election, following the integration of the (re)insurer with Nationale Suisse and a planned reduction of Helvetia’s board.
Reduced Admiral underwriting share to have little financial impact
Admiral Group's 3% reduction in its underwriting share announced in the company's 2015 full-year results today (3 March) will not have a significant financial impact on the business, according to chief financial officer Geraint Jones.
Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
$500m sale of US arm will 'transform' the broker, says Cooper Gay CEO
Global wholesale and (re)insurance broker Cooper Gay Swett & Crawford has sold its US arm Swett & Crawford to US broker BB&T.
GWP and COR improve for global reinsurer Scor
French reinsurer Scor has posted an upgraded financial rating on the back of a 6.4% increase in 2015 gross written premiums to €13.4bn (£10.6bn).
US sanctions strong disincentive for Iranian cover despite lifting of EU restrictions
Banks' reluctance to process payments is a major barrier for insurers wanting to conduct Iran-related business following European Union sanctions relief last month, while legal research has found remaining US primary sanctions are quelling the appetite…
Guy Carpenter adds new MD for Benelux region
Susanne Miller-van der Schild will take on the role of managing director at Guy Carpenter’s Benelux office, moving from SNS REAAL.
XL Catlin to launch Indian reinsurance operation in 2016
XL Catlin has begun the licensing process to establish a reinsurance branch in India.