Why Reinsurance Industry Often Struggles to Manage Market Cycles

“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance…

Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide

Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights…

Senator Schiff Brings Back Idea of Federal Reinsurance Program

Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act…

Aon Promotes Shukri as UK Reinsurance Client Services Leader; Blenheim Underwriting Taps Stratton-Thomsett From MS Amlin as Casualty Underwriter

This edition of International People Moves details appointments at the broker Aon and the Lloyd’s managing…

Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End; Aon Promotes Laing and Moore in Reinsurance Leadership Team

This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary…

Third Point UK Investors Should Reject Reinsurance Deal, ISS Says

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject…

Markel Insurance Selling Reinsurance Renewal Rights to Nationwide

Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2…

Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines

Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion…

Everest Promotes Beggs as EVP and Reinsurance CEO; Allianz Commercial Appoints Key Global and Regional Leaders, Creating New Nordics Region

This edition of International People Moves details appointments at Everest Group and Allianz Commercial. A summary…

Flood Re’s Reinsurance Costs Surge on UK Claims Frequency and Severity

Flood Re, a joint initiative between the UK government and insurers designed to make flood cover…