insurance and reinsurance news
Top Global Insurance & Reinsurance Brokers, DARAG signs retrospective quota share reinsurance agreement with Protector, RiverStone Europe & Hamilton Managing Agency complete RITC transaction, Run-off market set to thrive in 2021: GILC, Enstar’s net earnings rise by 89% on $1.6bn of realised & unrealised gains, Legacy deal activity to remain at record levels: PwC, Premia to acquire Armour Re; secures Aquiline-led equity investment, Compre announces completion of RITC with Coverys & AXA LM syndicate, Compre partners with Apollo to launch Lloyd’s legacy Syndicate 1994, Enstar completes $690mn workers’ comp reinsurance transaction with CNA, Bruce Hemphill to lead Catalina as co-founder Chris Fagan departs, DARAG announces reinsurance agreement with US retailer, Catalina Re hires Tom Duggan as Senior Investment Manager, Fleming Re establishes LPT reinsurance facility for BevCap, Maiden sets up Genesis Legacy Solutions unit, R&Q announces $107.75m Subordinated Notes issuance. Email * Only email is mandatory, but the more you tell us about yourself the better we can serve you in future! Reinsurance News is run by professionals with years of experience in journalism, knowledge management and the curation of timely insight for the reinsurance and risk transfer sectors. Read the full article, Legacy group Compre has entered into a strategic partnership with independent specialist re/insurer, Apollo Syndicate Management, to launch a new Lloyd's of London legacy business focussed Syndicate 1994, which has received approval from The Council of Lloyd's. Mondaq uses cookies on this website. Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, has announced that its wholly-owned subsidiary Peak Re (BVI) Holding Limited, has successfully completed the issuance of USD250 million of perpetual…. This field is for validation purposes and should be left unchanged. Email * Only email is mandatory, but the more you tell us about yourself the better we can serve you in future! Trust International Insurance and Reinsurance Company B.S.C. In insurance, the protection is either provided to an individual or things. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. Read the full article, Chris Fagan, co-founder of legacy specialist Catalina Holdings, is to step down from his role as Chief Executive Officer (CEO) and be succeeded by Bruce Hemphill, current Chair of the Catalina Board. Saturday, 31 October 2020 08:47. Global insurance and reinsurance group AXA has reduced its exposure to peak U.S. natural catastrophe events at the January 2021 renewals, lowering its retention for major hurricanes and earthquakes by one-third and its aggregate Steve Evans Ltd. registered in England No. Get in touch directly using our contact form. Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. Reinsurance refers to the insurance taken up by an insurance company to mitigate heavy losses when it does not wish to bear the entire risk of loss and thus shares it with some other insurer. The new, innovative loss portfolio transfer (LPT) facility provides BevCap's members with the ability to remove seasoned risks by providing full economic and legal finality ... McCartney will be based in Chicago and succeeds Katie Partington Howarth, who is set to leave the company. News about the legacy insurance and reinsurance market, where legacy liabilities are run-off, transferred or acquired in legacy transactions, allowing their original holders or underwriters to achieve finality on those books of business. The legacy specialist's Lloyd's Syndicate 1994, which is managed by Apollo Syndicate Management, was launched last week. By admin On May 1, 2020. (Trust Re), the largest reinsurer in the Middle East has become an international partner of Bahrain FinTech Bay, the leading FinTech Hub in the region. All content copyright © Steve Evans Ltd. 2021 All rights reserved. Email * Only email is mandatory, but the more you tell us about yourself the better we can serve you in future! Recent legislative reforms have gradually opened the market to international groups, thus facilitating the establishment of foreign reinsurance branches. Armour Group is an Aquiline Capital Partners LLC portfolio company and in concurrence with the acquisition, an investor group led by ... Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Daily Reinsurance News Search Third re/insurance SPAC vehicle from Cohen & Co. raises $250m IPO 23rd December 2020 - Author: Steve Evans The third insurance, reinsurance … News related to flood insurance and reinsurance, including: new products and market innovation; flood insurance market loss events; companies underwriting flood insurance or reinsurance; public flood insurance through the NFIP; and the expanding availability of private market flood coverage. Read the full article, Insurance and legal professionals expect to see an increasing number of run-off deals in 2021, according to a new report by Global Insurance Law Connect (GILC), a network of re/insurance law firms. Respondents to PwC’s Global Insurance Run-off Survey reported that predicted growth in the legacy market materialized over 2020, ... By submitting the form you are giving your consent to be emailed by us. Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. Read the full article, Catalina Re, the reinsurance arm of Bermuda-based insurance and reinsurance run-off and legacy specialist, Catalina Holdings, has appointed Tom Duggan as Senior Investment Manager. Reinsurance News brings the reinsurance industry news that matters to a global audience. All content copyright © Steve Evans Ltd. 2021 All rights reserved. DARAG Deutschland AG (DAG), DARAG's German risk carrier, will be the vehicle for the transaction and assume booked reserves in excess of €180 million. She brings over 15 years of claims leadership experience with specialisation in Excess Casualty, Financial Lines, and Healthcare. Reinsurance News is the most widely read publication with a reinsurance and wholesale/specialty insurance leaning, with more than 150,000 readers per-month. In Insurance Marine News, Keep, Legal, Marine Liability. Syndicate 1994 will have the ability to execute the full range of legacy transactions ... Insights / Supreme Court checks out of Orient Express Hotel Read the full article, Legacy acquirer Enstar Group Limited has reported a rise in net earnings for 2020 to $1.7 billion from the $902.2 million reported a year earlier, driven by net realised and unrealised gains of $1.6 billion for the year. Our other reinsurance publications We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. sectors.. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Our Focus We have 170,000+ monthly reinsurance news readers & 14,500+ daily email subscribers. Law and Practice' chapter in the Chambers and Partners Global Practice Guide 2021 on Insurance & Reinsurance. The "Insurance, Reinsurance and Insurance Brokerage Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. During his time with Redington, which commenced ... Read the full article, Legacy specialist RiverStone Europe has completed a reinsurance-to-close (RITC) transaction of the legacy liabilities of the 2018 and prior years of account of Syndicate 4000, managed by Hamilton Managing Agency Limited. Or find and follow Reinsurance News on social media. Get in touch directly using our contact form. Duggan joined Catalina Re in January, 2021 from his role as Senior Vice President (SVP), Manager Research, at investment consultancy Redington. The latest reinsurance news for reinsurers, insurers, brokers and service providers Fagan has led Catalina for the past 15 years since he founded the legacy firm with Dean Dwonczyk in ... Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. News: Reinsurance placements to expand in the UAE News: Lawrence Mutsunge Nazare, new Group Managing Director of Continental Re News: Allianz Nigeria to enter the cyber insurance market News: Orient Takaful Insurance This field is for validation purposes and should be left unchanged. Read the full article. Under the arrangement, legacy Pembroke business that remained with Liberty Mutual Group following Hamilton Insurance Group's acquisition of Pembroke and ... Online since 1999, Artemis provides news, analysis & data on catastrophe bonds, insurance-linked securities & alternative reinsurance capital.. Read more about Artemis . Covering the reinsurance capital trends that affect this industry, alternative risk transfer, insurance-linked … Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. Specialty insurance and reinsurance firm Argo has announced the appo... intment of Tom McCartney as group head of ceded reinsurance. Email * Only email is mandatory, but the more you tell us about yourself the better we can serve you in future! News: Reinsurance placements to expand in the UAE News: Lawrence Mutsunge Nazare, new Group Managing Director of Continental Re News: New bill on the Ghanaian insurance market News: Allianz Nigeria to enter the cyber The significant level of realised and unrealised gains includes $1.3 billion relating to ... Enstar's subsidiary has finalised a transaction to reinsure a legacy portfolio of excess workers' compensation business. Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has returned to the capital markets to sponsor an almost $70 million renewal … Flood insurance and reinsurance news. Under the terms of the deal, CNA has ceded net insurance reserves to the subsidiary of ... Reinsurance News The latest reinsurance news from Artemis. Reinsurance News - Insurance JournalREINSURANCE NEWS | REINSURANCENEWShttps://ReinsuranceNews.com #Reinsurance #ReinsuranceNews Website Privacy & Cookies and Disclaimer. Once the deal completes, DARAG will provide Protector, ... 07337195 News and analysis on catastrophe bonds, reinsurance, insurance linked securities & investments, alternative reinsurance capital, risk transfer and weather Specialty insurance and reinsurance firm Argo has announced the appointment of Tom McCartney as group head of ceded reinsurance. Legacy acquirer DARAG Group Limited has announced the signing of a retrospective quota share reinsurance agreement with Protector Forsikring ASA. In India, professional reinsurance activity has long been under the monopoly of General Insurance Corporation of India (GIC Re), the only local reinsurance company. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. We’ve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. The transaction was conducted through one of DARAG North America’s insurance entities. facebook. Read the full article, Bermuda-based, run-off reinsurance provider, Fleming Reinsurance Ltd. (Fleming Re), has announced the formation of a new custom reinsurance facility for BevCap P&C Protected Cell, Inc. (BevCap). May 3, 2020. We have 170,000+ monthly reinsurance news readers & 14,500+ daily email subscribers. Insights / Insurance & Reinsurance guide 2021 25-01-2021 / Insurance We are pleased to share with you Chambers and Partners 'Insurance & Reinsurance guide 2021', of which Simon Cooper is the contributing editor. Read the full article, Reinsurance run-off group, Premia Holdings Ltd., has agreed to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., in an all-share transaction. tweet. By combining our experience in knowledge management and our broad reinsurance insight with technology we aim to bring you the most important reinsurance news online and in our daily emails. Top Global Insurance & Reinsurance Brokers, To cut uninsured risks & prevent bankruptcies use more models, finds Oxford study, US winter weather to exceed $10bn loss: Aon, There’s more to do but demand for cyber reinsurance is growing: Chatterjee, Envelop Risk, Stonybrook Capital develops ILW pricing service, Renewal rates continue to vary across major commercial lines: IVANS, IGI posts robust 2020 result as underwriting performance improves, European reinsurers grew portfolio by 5% at 1/1: Litmus, Hannover Re’s income robust but large losses (COVID) dent underwriting result, General insurance in Taiwan to hit $8.3bn by 2024: GlobalData, U.S. P/C sector outlook improving but BI uncertainty remains: Fitch, Citizens targets $2.6bn in reinsurance as policy count swells, Uri losses to sustain reinsurance rates through mid-year: KBW, Reinsurers disappointed with January renewals: S&P, Supercede founders see opportunity in overlooked reinsurance space, COVID spurred digital push in re/insurance: Willis Re’s Andrew Johnston, Pool Re adds Claudio Gienal & Alan Rubenstein to its Board, Gosset-Grainville to succeed Denis Duverne as AXA Chairman, Africa Specialty Risks hires Peter Way as first Actuary, QOMPLX to develop multi-peril modeling platform, Assurant to sell Global Preneed to CUNA Mutual Group for $1.3bn, Willis Re launches cat risk model for hail events in South Africa, Lockton partners with Four Twenty Seven to provide climate data, AXA Partners and Ancileo renew partnership, Cowbell Cyber raises $20mn in Series A funding round, Lloyd’s announces first version of its Core Data Record under Blueprint Two, Lloyd’s updates electronic response targets, Lloyd’s to reopen underwriting room on May 17, Hiscox falls to 2020 loss on COVID-19 reserves, Munich Re backs cybersecurity service by Deep Instinct, Swiss Re CorSo and Coalition deepen collaboration. Get reinsurance news by email here. Global specialty insurance and reinsurance underwriter Ascot has appointed Joy LaHuta as its Senior Vice President, Head of Claims in Bermuda. Read the full article, Bermuda-based re/insurer Maiden Holdings has announced the formation of a new legacy solutions unit that will specialise in providing services to small US insurance entities. Read the full article, New data from PwC shows that participants in the legacy re/insurance market expect deal activity to remain “at record highs” this year, with the US and Lloyd’s markets set to be particularly busy. Reach the largest reinsurance audience. This latest transaction, which includes the purchase of AXA ... 07337195 GILC looked at the drivers of legacy business in both mature and emerging insurance markets, helped by member firms ... Performers, music industry bodies, and re/insurers are renewing their calls for the UK Government to underwrite cancellation costs of events such as music festivals and tours, to enable the restart of the live entertainment sector from this summer. Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. insuranceNEWS.com.au is a free online daily news bulletin for Australia's general insurance industry and the wider financial services community. This is where insurance professionals will … Global insurance and reinsurance brokerage firm, Aon, has launched a... new fuel insurance solution for the shipping and aviation industries, backed by AAA-rated credit insurance. Read the full article, A wholly owned subsidiary of legacy acquirer, Enstar Group Limited, has completed a reinsurance transaction with Continental Casualty Company (CNA). R&Q states that it plans to use the proceeds of this issuance to support continued growth in its Program Management ... CPD accredited technical insurance and reinsurance briefings and workshops. The Genesis team will be ... Aon / WTW defend proposed merger after competition concerns raised - Reinsurance News Global re/insurance brokers Aon and Willis Towers Watson (WTW) have cited a range of competitive dynamics in defence of their proposed combination; after Or find and follow Reinsurance News on social media. insuranceNEWS.com.au features local, corporate, regulatory and … Website Privacy & Cookies and Disclaimer. Steve Evans Ltd. registered in England No. Peter MacDonald Eggers QC and Douglas Grant of 7KBW Chambers have written on the matters that could arise relating to aggregation and Covid-19. Get reinsurance news by email here. Email * Only email is mandatory, but the more you tell us about yourself the better we can serve you in future! Aggregation in insurance and reinsurance: Covid-19. By combining our experience in knowledge management and our broad reinsurance insight with technology we aim to bring you the most important reinsurance news online and in our daily emails. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. We’ve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. 18th March 2020, Bahrain FinTech Bay and Trust Re Announce International Partnership. Genesis Legacy Solutions (GLS) will focus in particular on clients in run-off or with blocks of reserves that are no longer core. Read the full article, Legacy group Compre has completed its second Lloyd's transaction, the reinsurance to close (RITC) of Syndicate 3330's 2018 year of account into Compre's Syndicate 1994. Tom Booth, Chief Executive Officer of DARAG, said the transaction demonstrates DARAG’s ambitions in the US market and how ... Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. Read the full article, Legacy acquirer DARAG has completed a transaction with a major US retailer to provide finality to its legacy workers compensation liabilities. Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. . Read the full article, Program management and legacy specialist, Randall & Quilter Investment Holdings Ltd. (R&Q), has announced an agreement to issue 13-year unsecured subordinated Tier 2 notes in an amount of USD 107.75 million. Reach the largest reinsurance audience. google+. What to expect IRLA Young Professionals Group (YPG) For those under 35 or new to and working in the (re)insurance legacy sector.