life reinsurance

The sage of Omaha, Warren Buffett’s, reinsurance firm Berkshire Hathaway Inc. has renewed a health reinsurance agreement with Ireland’s state health insurer VHI and extended the contract to cover four years, providing much needed certainty for VHI.

The transaction announced yesterday by XL Group that Bermuda based GreyCastle Holdings is acquiring its subsidiary XL Life Reinsurance (SAC) Ltd for $570m in cash, brings more third-party investors into the life reinsurance market.

Resolution Life, the life focused arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has set up a new permanent capital structure which aims to acquire and manage in-force portfolios of life insurance to benefit its institutional investors.

SCOR Global Life, a subsidiary of French reinsurer SCOR SE, has completed a VIF (Value of In Force) life reinsurance transaction with Mediterráneo Vida, a Spanish insurer owned by Banco Sabadell.

According to the results of a survey released today more life insurance companies are buying reinsurance protection, with Solvency II suspected a key driver of sales, but it has not yet resulted in increased issuance of life insurance-linked securities (ILS) or mortality catastrophe bonds.

High profile investor Warren Buffett’s reinsurance firm Berkshire Hathaway Inc. has entered into another large reinsurance transaction in the life & health sector. Berkshire Hathaway will reinsure $923m (€700m) of healthcare related claims for Irish state health insurer VHI.

Reinsurer Swiss Re has announced that its dispute with Warren Buffett’s Berkshire Hathaway regarding a 2010 life retrocession deal has now been settled. The settlement will see Swiss Re take back some of the life exposure included in the retro deal and the reinsurer will receive a payment of $610m from Berkshire Hathaway. The terms […]

Global law firm Hogan Lovells assisted French reinsurer SCOR on its recent life reinsurance transaction. Hogan Lovells acted as an advisor to SCOR on the deal which saw SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of SCOR Global Life SE, enter into a life reinsurance transaction with leading Spanish life insurance company, BBVA […]

SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of French reinsurer SCOR Global Life SE, has entered into a life reinsurance transaction with a leading Spanish life insurance company, BBVA Seguros. The transaction sees SCOR reinsure a whole block of life reinsurance risks underwritten by BBVA and the deal takes the structure of a […]

Making the news today is another large and interesting reinsurance transaction involving Warren Buffett’s Berkshire Hathaway Inc. which sees the firm taking on variable annuity risks and as a result assume some exposure to mortality and longevity risks. In a reinsurance deal worth $2.2 billion, Berkshire Hathaway will reinsure the risks associated with $4 billion of […]