Reinsurance News Headlines

The following news stories feature information regarding the Reinsurance market.


Display Headlines Only


Munich Re CFO: Income Prospects Strong for 2021 Despite $542 Million in US Winter Weather Losses: Munich Re’s first-quarter net income more than doubled on strong business growth as the group reported above-average major losses driven by €450 million ...
Date: May 6, 2021    
AM Best Affirms Credit Ratings of Energas Insurance (L) Limited: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Energas Insurance (L) Limited (Energas) ...
Date: May 6, 2021    
Hannover Re CEO: Property/Casualty Growth Leads as Life Business Recovers From COVID-19: Hannover Re continues to see improving property/casualty reinsurance conditions but the life/health side saw further losses in U.S. mortality as first-quarter ...
Date: May 5, 2021    
Australian Government Plans $7.7 Billion Reinsurance Pool to Cut Premiums in Cyclone-Prone Areas: Australian Prime Minister Scott Morrison has proposed the creation of a A$10 billion ($7.70 billion) government-backstopped cyclone reinsurance pool for ...
Date: May 4, 2021    
Axa’s First-Quarter Revenue Rises 2% on Strong Commercial Lines Growth: Total first-quarter revenue rose 2% to €31 billion ($37.26 billion) for Axa S.A. on strong revenue gains in property/casualty commercial lines. The ...
Date: May 4, 2021    
Buffett Predicts Progressive or Geico Will Be Top Auto Insurer in Five Years: Either Geico or Progressive will surpass State Farm as the No. 1 personal automobile insurer in the United States in the next five years, predicted Berkshire ...
Date: May 2, 2021    
Narrow Artificial Intelligence Is Latest Disrupter to Insurance Industry:

Date: May 1, 2021    

Berkley Re UK Ltd. Names President and Eventual Successor to CEO: W.R. Berkley Corp. has named Clare Himmer to succeed Richard Fothergill as president of Berkley Re U.K. Ltd., effective Sept. 1. Fothergill will continue ...
Date: April 30, 2021    
Swiss Re Swings to First-Quarter Profit Despite COVID-19, Cat Losses: Swiss Re Ltd. saw a return to profit in the first quarter of 2021 despite significant losses related to the COVID-19 pandemic and natural ...
Date: April 30, 2021    
RenaissanceRe CEO: Casualty/Specialty Rates Advance While Florida Property Troubles Continue: Strengthening reinsurance rates and terms are encouraging for RenaissanceRe Holdings Ltd., despite high winter storm losses and continuing Florida property ...
Date: April 29, 2021    
AM Best Places Credit Ratings of Singapore Reinsurance Corporation Limited Under Review With Developing Implications: AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of ...
Date: April 29, 2021    
Prudential Retirement Closes $8.4 Billion Longevity Reinsurance Transaction: Prudential Retirement said its international reinsurance business has closed an $8.4 billion longevity reinsurance transaction involving an unnamed U.K. ...
Date: April 29, 2021    
Everest Re Posts Sharp Rise in First-Quarter Profit on Double-Digit Premium Growth: Everest Re Group Ltd. posted sharply higher first-quarter net income on double-digit growth in both its reinsurance and insurance segments. First-quarter ...
Date: April 28, 2021    
Scor CFO: Life and Nonlife Conditions Expected to Strengthen in 2021 Following First-Quarter Losses: Scor SE is anticipating strengthening conditions through 2021 as the group deals with a COVID-19 life reinsurance setback and higher-than-anticipated ...
Date: April 28, 2021    
Chubb CEO Brushes Off Hartford Rejection, Touts Commercial Lines Strength: Chubb Ltd. seeks to capitalize on strong market conditions in commercial lines worldwide and won’t be distracted by its failure to secure the acquisition of ...
Date: April 28, 2021    
Former Alabama Insurance Commissioner Mike Weaver Dies at Age 70: Mike Cameron Weaver, Alabama insurance commissioner under Governor Guy Hunt from 1988 to 1993, passed away at age 70 on April 25 after an extended ...
Date: April 28, 2021    
Scor Posts 72.2% 1Q Net Income Drop on COVID-19, Catastrophe Claims: Scor SE’s first-quarter net income fell 72.2% to €45 million ($54.3 million) on COVID-19 claims development in life reinsurance and large natural catastrophes, ...
Date: April 28, 2021    
Arch First-Quarter Net Income More Than Triples to $427.8 Million: Arch Capital Group Ltd. first-quarter net income more than tripled to $427.8 million, helped by improved underwriting income and a one-time gain on an ...
Date: April 27, 2021    
Chubb Posts Higher First-Quarter Net Income on Strong Commercial Lines Growth: Chubb Ltd. reported a sharp rise in first-quarter net income as strong commercial lines growth outweighed higher catastrophe losses. First-quarter net ...
Date: April 27, 2021    
Axis Capital CEO: Underwriting Improvements Masked by COVID-19 and Catastrophes in 2020: Axis Capital Holdings Ltd. sought to strengthen core underwriting across its business lines as the group absorbed the impacts of COVID-19 and heightened ...
Date: April 22, 2021    
View Best's Credit Ratings

Get Rated by A.M. Best