All reinsurance articles – Page 32
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NewsHowden Group Holdings launches Howden Capital Markets (“HCM”) - the Group’s capital markets advisory practice
HCM is a new capital markets adviser with a clear ambition to develop innovative products to service clients, markets and investors.
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NewsCayman Islands reinsurers form industry group
The founding members of CIRCA include: Aureum Re, Barents Re, CIBC Cayman Reinsurance Ltd., Greenlight Re, Knighthead Annuity & Life Assurance Company, Nassau Re (Cayman) Ltd. and United Insurance Company.
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NewsGlobal (re)insurance: capitalisation strong but low interest rates continue to weigh
Willis Re’s Strategic and Financial Analytics teams continue to monitor the financial impact on investment markets and global reinsurer capital positions.
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NewsReinsurer Conduit rises 5% after pricing $1.1 billion London IPO
The company sold 164.13 million shares at 500 pence per share, it said earlier in the day. By 1100 GMT, they had risen to 526 pence.
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NewsEIOPA must not undermine the ability of insurers to use reinsurance to manage risk
While EIOPA has acknowledged reinsurance as an effective way to mitigate risks that an insurer either cannot bear on its own or does not have the appetite to do so, insurers are concerned that the draft supervisory statement could restrict the valid use of reinsurance RMT.
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NewsHamilton Launches Ada Capital Management
Ada Re will benefit from access to the breadth of Hamilton’s underwriting expertise, including its proprietary portfolio management and pricing system, Hamilton Analytics & Risk Platform (HARP).
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NewsNew Bermudian reinsurer Vantage Risk assigned A- rating
Vantage plans to expand into primary insurance lines and operate as Vantage Group. Dinos Iordanou, formerly of Arch Capital Group Ltd., will serve as a non-executive chairman for the greater group, with Greg Hendrick, formerly of Axa XL, serving as the group’s chief executive officer.
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NewsBermuda’s reinsurance resilience highlighted
“Bermuda is at the forefront of global capital raising in the reinsurance sector with estimates of approximately $12 to $15 billion of new capital being deployed into the sector in the last several months,” said Arthur Wightman, PwC Territory and Insurance leader.
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NewsSwiss Re confirms targets as it grapples with pandemic
The reinsurer has swung to a loss in the first nine months of 2020 as it and competitors faced large claims from the pandemic as well losses from hurricanes and wildfires in the United States.
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NewsRe/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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NewsHard market: “Start renewals early”
Risk managers should start their renewal process early and manage their expectations as the hard market plays out, advises FM Global
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News‘SIRC 2020 Re-Mind’ – enthusiastic support for the first-ever (re)insurance industry virtual event!
Heading the distinguished panel of speakers assembled for this virtual event is Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat who will deliver the Official Keynote Address and announce the launch of the Global-Asia Insurance Partnership (GAIP), a new global centre of ...
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People & OpinionHiscox appoints Kathleen Reardon as CEO of Hiscox Re & ILS
Hiscox Ltd (LSE:HSX), the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Kathleen will succeed Mike Krefta, who as we announced in August will be stepping down in early 2021. Most recently Chief Executive Officer ...
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NewsMunich Re expects further hardening of markets
Following years of eroding rates caused by excess capacities and low major-loss expenditure, particularly in European markets, low interest rates – likely to remain even lower for even longer due to the coronavirus pandemic – are impacting the profitability of reinsurers. Insurance covers are therefore likely to become more expensive, ...
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NewsAfrica Speciality Risk Group opens up in London
A new reinsurance company targeting the African market has been launched in London, with backing from private investment firm Helios Investment Partners. The Africa Speciality Risk Group (ASR) has been set up by Mikir Shah, previously CEO of AXA Africa Specialty Risks, and Bryan Howett, who formerly served as CEO ...
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NewsAon democratizes access to catastrophe data by supporting open data formats curated by Oasis
Aon is enabling re/insurers to easily convert their catastrophe data into the Open Exposure Data format to allow more vendor model choice and enable broader risk management insights. Following the costliest decade on record, economic losses from natural disasters reached USD75 billion in the first half of 2020 and reinforced ...
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NewsBest’s Market Segment Report: MENA Reinsurers Strive to Adapt to Testing Conditions
Regional reinsurers operating in the Middle East and North Africa (MENA) are no strangers to challenging operating conditions. In recent years, the region’s reinsurance market has been characterised by competitive pricing pressures, overcapacity and increased incidence of large losses.
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People & OpinionConvex Group announces new chief executives in Bermuda and London
International speciality insurer and reinsurer Convex Group has appointed two new chief executives in Bermuda and London, subject to regulatory and immigration approvals, as co-founder Paul Brand steps down from the top spots at Convex Re and Convex Insurance UK.
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People & OpinionAXIS Re Global Markets Promotes Camilo Rodriguez to Head of International Credit & Surety
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), today announced the promotion of Camilo Rodriguez to Head of International Credit & Surety in its Global Markets division. Mr. Rodriguez will continue to work from the Zurich office and report into the President of Global ...
