Reinsurance
Industry body reaffirms commitment to help combat climate change
Leaders in the re/insurance sector are today (19 November) confirming their commitment to climate change ahead of the United Nations conference in Paris later this month.
Pool Re mulling cover for cyber terrorism ‘manifestations'
Pool Re is undertaking a study into whether the government-backed scheme might cover certain manifestations of a cyber terrorist attack, such as fire or explosion.
Flood Re secures £1.29bn towards reinsurance target
Munich Re and Swiss Re are the leading reinsurers that have so far contributed to the £1.29bn yearly cover for the Flood Re scheme.
Falling PPOs could bring good news for motor insurers
Motor insurers could see a strengthening of their position in coming cycles with one of the key factors inflating re/insurance prices levelling off for the first time.
Cooper Gay to sell US arm
Wholesale and specialty (re)insurance broker Cooper Gay Swett & Crawford has confirmed that it is putting its US business unit up for sale.
Munich Re hit by €175m Tianjin loss
Munich Re said it expects a net exposure of €175m (£125m) for the explosion in the Chinese port of Tianjin.
Nexassure teams up with Hannover Re for Asia MGA
Nexassure has launched an extended warranty managing general agent using Hannover Re paper from Malaysia.
Deal finalised as Integro acquired by private equity investor
A deal to acquire international insurance brokerage and risk management firm Integro by an Odyssey Investment Partners affiliate was completed today (November 2).
ACR's John Tan retires
Reinsurer Asia Capital Re's CEO and founder John Tan has decided to retire citing health reasons and medical advice.
China Re readies for Hong Kong float
China Re has already been granted $1.12bn (£730m) worth of commitments for its Hong Kong share listing.
Catalina subsidiary snaps up Allianz Suisse Re
Catalina Holdings’ wholly owned Swiss subsidiary Glacier Reinsurance AG has signed a definitive agreement to acquire Allianz Suisse Re from Allianz SE.
Swiss Re's Admin Re unit buys Guardian Financial Services
Swiss Re’s business unit Admin Re has agreed to acquire closed life insurance fund consolidator Guardian Financial Services from private equity firm Cinven for £1.6bn.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Canopius and Sompo to launch merged reinsurance unit via Lloyd's and Zurich platforms
Canopius Group has formed an integrated business unit to manage the reinsurance business previously written by Canopius and Sompo Japan Nipponkoa Insurance.
European run-off market to be worth £181bn this year
The non-life European legacy insurance market is estimated to reach run-off reserves worth €247bn (£181bn) this year, an increase of €5bn compared to 2014, according to PWC.
Bermuda's ILS Capital Management opens London office
ILS Capital Management, the Bermuda-based investment manager in insurance-linked securities and collateralised reinsurance, has opened an office in London.
Unipol launches Dublin-based reinsurer
A reinsurer targeting property and casualty business in continental Europe has been launched in Dublin, Ireland, by Italy-based Unipol Sai Assicurazioni in order to capitalise on the rewards for diversification under Solvency II.
Over-capacity and pricing pressure sees reinsurance capital growth stabilise
The growth in global capital dedicated to reinsurance has stabilised during the first half of the year, amid over-capacity and widespread pricing pressure, according to the latest reinsurance market report from Willis Re.
Mitsui Sumitomo in talks to buy Amlin
Japan's Mitsui Sumitomo is in talks to buy Lloyd's (re)insurer Amlin according to Nikkei.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
LMA poll highlights casualty underwriters' fears for reinsurance market
The majority of casualty treaty underwriters polled by the Lloyd’s Market Association believe the international reinsurance market is in danger of repeating historical mistakes by offering more relaxed terms and conditions.
Fosun's insurance profits increased 15-fold in first half
Chinese conglomerate Fosun's insurance profits in the first six months of 2015 climbed 1463% to 1.79bn yuan (£182m) compared to the same period last year.
Peak Re grows strongly in Europe and the US
Hong Kong-based reinsurer Peak Re is growing strongly in Europe and the US.
Win John Lewis vouchers with Post's natural hazard survey
Post, in partnership with the Met Office, is running a natural hazard risk survey to provide in-depth insights into how insurers manage these risks to improve underwriting performance and mitigate claims exposures.