Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. During his time with Redington, which commenced ... Reinsurance refers to the insurance taken up by an insurance company to mitigate heavy losses when it does not wish to bear the entire risk of loss and thus shares it with some other insurer. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. facebook. Law and Practice' chapter in the Chambers and Partners Global Practice Guide 2021 on Insurance & Reinsurance. In India, professional reinsurance activity has long been under the monopoly of General Insurance Corporation of India (GIC Re), the only local reinsurance company. Read the full article, Reinsurance run-off group, Premia Holdings Ltd., has agreed to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., in an all-share transaction. Peter MacDonald Eggers QC and Douglas Grant of 7KBW Chambers have written on the matters that could arise relating to aggregation and Covid-19. Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. Mondaq uses cookies on this website. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Syndicate 1994 will have the ability to execute the full range of legacy transactions ... Respondents to PwC’s Global Insurance Run-off Survey reported that predicted growth in the legacy market materialized over 2020, ... The latest reinsurance news for reinsurers, insurers, brokers and service providers Get reinsurance news by email here. Trust International Insurance and Reinsurance Company B.S.C. We have 170,000+ monthly reinsurance news readers & 14,500+ daily email subscribers. Read the full article, Insurance and legal professionals expect to see an increasing number of run-off deals in 2021, according to a new report by Global Insurance Law Connect (GILC), a network of re/insurance law firms. Daily Reinsurance News Search Third re/insurance SPAC vehicle from Cohen & Co. raises $250m IPO 23rd December 2020 - Author: Steve Evans The third insurance, reinsurance … Legacy acquirer DARAG Group Limited has announced the signing of a retrospective quota share reinsurance agreement with Protector Forsikring ASA. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. We’ve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. News about the legacy insurance and reinsurance market, where legacy liabilities are run-off, transferred or acquired in legacy transactions, allowing their original holders or underwriters to achieve finality on those books of business. By submitting the form you are giving your consent to be emailed by us. Read the full article, Legacy group Compre has entered into a strategic partnership with independent specialist re/insurer, Apollo Syndicate Management, to launch a new Lloyd's of London legacy business focussed Syndicate 1994, which has received approval from The Council of Lloyd's. Online since 1999, Artemis provides news, analysis & data on catastrophe bonds, insurance-linked securities & alternative reinsurance capital.. Read more about Artemis . What to expect By combining our experience in knowledge management and our broad reinsurance insight with technology we aim to bring you the most important reinsurance news online and in our daily emails. This latest transaction, which includes the purchase of AXA ... Website Privacy & Cookies and Disclaimer. google+. This is where insurance professionals will … Or find and follow Reinsurance News on social media. Website Privacy & Cookies and Disclaimer. May 3, 2020. All content copyright © Steve Evans Ltd. 2021 All rights reserved. Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. Read the full article, Bermuda-based, run-off reinsurance provider, Fleming Reinsurance Ltd. (Fleming Re), has announced the formation of a new custom reinsurance facility for BevCap P&C Protected Cell, Inc. (BevCap). Aggregation in insurance and reinsurance: Covid-19. Read the full article, Chris Fagan, co-founder of legacy specialist Catalina Holdings, is to step down from his role as Chief Executive Officer (CEO) and be succeeded by Bruce Hemphill, current Chair of the Catalina Board. Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. The new, innovative loss portfolio transfer (LPT) facility provides BevCap's members with the ability to remove seasoned risks by providing full economic and legal finality ... We have 170,000+ monthly reinsurance news readers & 14,500+ daily email subscribers. Specialty insurance and reinsurance firm Argo has announced the appointment of Tom McCartney as group head of ceded reinsurance. IRLA Young Professionals Group (YPG) For those under 35 or new to and working in the (re)insurance legacy sector. Flood insurance and reinsurance news. Global insurance and reinsurance group AXA has reduced its exposure to peak U.S. natural catastrophe events at the January 2021 renewals, lowering its retention for major hurricanes and earthquakes by one-third and its aggregate Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has returned to the capital markets to sponsor an almost $70 million renewal … News related to flood insurance and reinsurance, including: new products and market innovation; flood insurance market loss events; companies underwriting flood insurance or reinsurance; public flood insurance through the NFIP; and the expanding availability of private market flood coverage. . Tom Booth, Chief Executive Officer of DARAG, said the transaction demonstrates DARAG’s ambitions in the US market and how ... Global insurance and reinsurance brokerage firm, Aon, has launched a... new fuel insurance solution for the shipping and aviation industries, backed by AAA-rated credit insurance. Read the full article, Legacy acquirer Enstar Group Limited has reported a rise in net earnings for 2020 to $1.7 billion from the $902.2 million reported a year earlier, driven by net realised and unrealised gains of $1.6 billion for the year. Our other reinsurance publications We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. sectors.. News: Reinsurance placements to expand in the UAE News: Lawrence Mutsunge Nazare, new Group Managing Director of Continental Re News: New bill on the Ghanaian insurance market News: Allianz Nigeria to enter the cyber DARAG Deutschland AG (DAG), DARAG's German risk carrier, will be the vehicle for the transaction and assume booked reserves in excess of €180 million. Top Global Insurance & Reinsurance Brokers, DARAG signs retrospective quota share reinsurance agreement with Protector, RiverStone Europe & Hamilton Managing Agency complete RITC transaction, Run-off market set to thrive in 2021: GILC, Enstar’s net earnings rise by 89% on $1.6bn of realised & unrealised gains, Legacy deal activity to remain at record levels: PwC, Premia to acquire Armour Re; secures Aquiline-led equity investment, Compre announces completion of RITC with Coverys & AXA LM syndicate, Compre partners with Apollo to launch Lloyd’s legacy Syndicate 1994, Enstar completes $690mn workers’ comp reinsurance transaction with CNA, Bruce Hemphill to lead Catalina as co-founder Chris Fagan departs, DARAG announces reinsurance agreement with US retailer, Catalina Re hires Tom Duggan as Senior Investment Manager, Fleming Re establishes LPT reinsurance facility for BevCap, Maiden sets up Genesis Legacy Solutions unit, R&Q announces $107.75m Subordinated Notes issuance. Read the full article, Bermuda-based re/insurer Maiden Holdings has announced the formation of a new legacy solutions unit that will specialise in providing services to small US insurance entities. tweet. Insights / Supreme Court checks out of Orient Express Hotel Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox. The transaction was conducted through one of DARAG North America’s insurance entities. Our Focus The legacy specialist's Lloyd's Syndicate 1994, which is managed by Apollo Syndicate Management, was launched last week. She brings over 15 years of claims leadership experience with specialisation in Excess Casualty, Financial Lines, and Healthcare. Read the full article, Legacy group Compre has completed its second Lloyd's transaction, the reinsurance to close (RITC) of Syndicate 3330's 2018 year of account into Compre's Syndicate 1994. Aon / WTW defend proposed merger after competition concerns raised - Reinsurance News Global re/insurance brokers Aon and Willis Towers Watson (WTW) have cited a range of competitive dynamics in defence of their proposed combination; after Get in touch directly using our contact form. Reinsurance News brings the reinsurance industry news that matters to a global audience. The Genesis team will be ... News: Reinsurance placements to expand in the UAE News: Lawrence Mutsunge Nazare, new Group Managing Director of Continental Re News: Allianz Nigeria to enter the cyber insurance market News: Orient Takaful Insurance Reinsurance News is the most widely read publication with a reinsurance and wholesale/specialty insurance leaning, with more than 150,000 readers per-month. Reinsurance News - Insurance JournalREINSURANCE NEWS | REINSURANCENEWShttps://ReinsuranceNews.com #Reinsurance #ReinsuranceNews Get reinsurance news by email here. Read the full article, New data from PwC shows that participants in the legacy re/insurance market expect deal activity to remain “at record highs” this year, with the US and Lloyd’s markets set to be particularly busy.
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