Reinsurance News

Private equity investment giant Blackstone has once again demonstrated its appetite for access to profit, returns and float from the insurance and reinsurance market by signing an agreement with global firm AIG, which benefits to the tune of $2.4 billion, a new investment partnership and by securing a partnership that could deepen with a leading […]

AGILE Risk Partners, the specialist technology-focused direct & facultative (D&F) property risk underwriting start-up with an eye on the capital markets for capacity, has now told us it has completed its first two D&F insurance-linked securities (ILS) transactions.

A new report from global reinsurance company Swiss Re suggests that a strong economic recovery from the COVID-19 pandemic will drive insurance market premiums much higher, lifting them to a record almost US $7 trillion by the end of 2021.

Global re/insurer Everest Re has promoted two employees to senior reinsurance focused leadership positions, naming Peter Bell as CEO and Managing Director Bermuda and Ari Moskowitz as COO, both in the Reinsurance Division.

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has expanded its capital base again thanks to a new strategic investment from an intriguing source, US insurance giant The Travelers Companies Inc.

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, has announced a new role for its third-party capital lead Craig Hupper, who will take on the new position of leading Environmental, Social & Governance (ESG) at the reinsurance firm.

Kingstone Companies, Inc., a multi-line property and casualty insurance company focused on New York and surrounding northeast areas of the US, has bought slightly more catastrophe reinsurance limit at the renewals, at $490 million.

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has hired Chris Caponigro to serve as the Global Head of AXIS ILS, the company’s rebranded third party capital unit.

Re/insurer MS Amlin intends to renew its novel Phoenix 1 Re reinsurance sidecar and expects the vehicle to become an important component of its strategy in the Asia region, according to William Ho, Chief Executive Officer (CEO) of MS Amlin Asia Pacific, and Head of Reinsurance for Asia, MS Amlin.

United States based life, retirement and annuities insurance and reinsurance company Global Atlantic Financial Group is expanding its reach, with its first closed life block reinsurance deal outside the US, in which it has again put third-party capital from its Ivy Re sidecar-like structure to work.