reinsurance News
Beazley and RenaissanceRe Debut Cyber Catastrophe Cover Backed by Capital Markets
Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind ...
EU Bank Official Wants Post-Brexit Trade Deal to Cover Financial Services
European Central Bank policy maker Klaas Knot said that having "a deep and comprehensive trade deal" that covers financial services would be preferable as the U.K. prepares to the leave the European ...
Jan. 2020 Reinsurance Renewals Vary Widely
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents' loss record and client relationships, according to two ...
Argo Achieves Détente With Activist Shareholder; Board Member Added, Two to Come
Argo Group International Holdings has achieved détente with an activist shareholder that complained about the company's board and executive compensation practices during much of 2019. The ...
AXA XL Makes More Changes in Reinsurance Leadership Team
AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September. Effective January 1, 2020, in ...
MS Amlin Will Exit Several Classes of U.K. P/C Business
MS Amlin, the London-based insurer and reinsurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, ...
Bermuda Gains Reciprocal Status With U.S. Starting Jan. 1, 2020
Bermuda's insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal ...
Brit Debuts First ILS Fund in Lloyd’s of London Market
Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd's risk. It is the first ILS fund in the Lloyd's of London ...