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Ajit Jain, Warren Buffett’s right hand man, has revealed the new chief executive of reinsurer Gen Re in an internal memo issued today (Friday May 20) in which he also expresses concerns that Gen Re has become less relevant in the market. 20 May 2016
Insurance
With the start of hurricane season on June 1, approximately 150 leading environmentalists, policy makers, scientists and insurance industry experts will gather on June 2 at the New York Stock Exchange to discuss the recovery of lower Manhattan and the lessons learned since Superstorm Sandy during the New York Recovery & Resilience Leadership Forum, sponsored by RenaissanceRe. 16 May 2016
News
Michael Sapnar, president and CEO of Transatlantic Re, has been elected chair of the Reinsurance Association of America’s Board of Directors at its 48th Annual Meeting of Members. 4 May 2016
Insurance
AmTrust International Insurance, a subsidiary of AmTrust Financial Services, a multinational insurance holding company headquartered in New York, has appointed Andrew Gibbs as chairman and chief operating officer (COO). 29 April 2016
Insurance
Universal Insurance Holdings (UVE) has sold 583,771 shares of common stock to RenaissanceRe Ventures, a subsidiary of RenaissanceRe in a private placement. 29 April 2016
Insurance
Re/insurance holding company Validus Holdings has reported a dip in its net income for the first quarter of the year to $166.8 million, compared with $173.4 million in the first quarter of last year. 29 April 2016
Insurance
PERILS, a Zurich-based provider of catastrophe insurance data, has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance. 28 April 2016
News
RenaissanceRe Holdings (RenRe) has reported a net income of $128 million in the first quarter of 2016, down from a net income of $167.8 million in the first quarter of 2015. 27 April 2016
Insurance
Kingstone Companies, a property/casualty insurer, has sold 595,238 newly issued shares of common stock to RenaissanceRe Ventures, a subsidiary of RenaissanceRe, in a private placement. 19 April 2016
News
Stock prices for publicly traded reinsurance companies increased moderately during 2015 and remained well above the overall market with just two of 18 selected companies experiencing negative stock price movement, according to a new AM Best report focused on reinsurance companies’ stock performance in fourth-quarter 2015. 13 April 2016
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