Reinsurance News

Global non-life insurance and reinsurance premiums were up by 3.6% during 2015 to $2.02 trillion, driven by advanced market movements as emerging market performance showed divergent trends, according to global reinsurance giant Swiss Re.

Global insurance and reinsurance giant Allianz has restructured the board of its Allianz Global Corporate & Specialty unit, citing the “increasing opportunities for collaboration” between its corporate risk transfer business and its alternative focused Allianz Risk Transfer (ART) unit.

Fintech is, along with Insurtech, a darling of the venture capital world, as technologists and financiers turn their heads towards finance, investment, the insurance and reinsurance market with a vision of changing the status-quo, raising efficiency and replacing incumbents.

Bermuda based total return reinsurance firm Third Point Re has renewed its investment management agreements with Daniel Loeb’s Third Point LLC for a further five years, and added an agreement between the reinsurers U.S. arm and the hedge fund manager.

The UK insurance and reinsurance market is awash with uncertainty, as the ramifications of a UK vote to leave the European Union are digested and London seeks to understand what a vote for Brexit will mean for its future prospects.

Primary insurer Federated National Holding Company (FNHC) has announced the completion of its 2016-2017 catastrophe reinsurance program, securing multi-year protection structured to incorporate a cascading feature, and the termination of its 30% quota share arrangement.

As the world digests the ramifications of the UK’s Brexit vote to leave the European Union, the equity analysts are assessing the potential impact to the insurance and reinsurance sector, particularly in the UK and Europe.

The imbalance between supply and demand in the overcapitalised reinsurance marketplace has helped drive innovation in space, which has ultimately benefitted buyers of reinsurance protection, according to Steve Johnston, director of corporate reinsurance at The Co-operators.

Here are the ten most popular news articles, week ending 26th June 2016, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

The insurance and reinsurance industry is already facing an $11 billion bill for U.S. severe convective storm losses suffered during the first-half of 2016, as tornadoes, hail and straight-line winds impacted the country, with Texas particularly hard hit.