Articles

Insurance

Ryan Specialty Group and Nationwide to launch new reinsurer Geneva Re in Bermuda

Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re.   7 May 2019

Insurance

Global reinsurance capital falls 5% in 2018, finds Willis Re

Capital earmarked for the global reinsurance industry fell by 5 percent in 2018, according to analysts at Willis Re.   23 April 2019

Insurance

Sompo International appoints Thomas Brazil as new CEO of European unit

Bermuda-based specialty re/insurer Sompo International Holdings has appointed Thomas Brazil as the new chief executive officer of SI Insurance (Europe), the company’s platform for European Economic Area (EEA) insurance business.   23 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

Rising secondary perils a ‘wake-up call’ for insurers: Swiss Re

Global insured losses from natural catastrophes in 2018 were $76 billion, with over 60 percent resulting from so-called “secondary” perils - small-to-mid sized events or secondary effects of a primary peril, a Swiss Re sigma study has revealed.   10 April 2019

Insurance

Munich Re's ERGO sells three insurance subsidiaries to Generali in consolidation strategy

Munich Re's primary insurance unit ERGO Group is selling its life, non-life and composite portfolios in Hungary and Slovakia to Italian insurer Generali as part of its international business optimisation strategy.   8 April 2019

Insurance

Boeing 737 Max software fix confirmed as Munich Re assesses exposure

As US aircraft manufacturer Boeing announced software upgrades to its 737 Max planes, it remained unclear how far this fix could mitigate the potential losses for the global insurance industry.   28 March 2019

Insurance

Arch Capital-backed Watford expects Nasdaq listing this week

Arch Capital-backed Bermuda re/insurer Watford Holdings expects to start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission.   27 March 2019

Insurance

Talanx completes ‘generational shift’ at board level

Talanx, the German re/insurer, has renewed its board in what it has called a “generational shift”.   18 March 2019

Insurance

Bermuda blacklisted by EU because of human error; David Burt accepts blame

David Burt, the Premier of Bermuda, has said he accepts responsibility for what appears to have been a case of human error when draft regulations were being edited that resulted in the country being blacklisted by the European Union this week in what he also admitted is a “setback” for Bermuda and would mean a “challenging period” for the domicile.   14 March 2019

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