Hints and tips:
Related Special Reports
...The use of reinsurance, which has also surged in price, was an important layer of protection, he told the Financial Times....
...The Canadian group also created a reinsurance affiliate to initially manage $5bn of the Iowa company’s annuity liabilities and today owns 18 per cent of the insurer....
...Hyoe Takata, associate professor at Fukushima University, said: “That’s why universities and other third-party institutions need to continue their analysis and disclose the data after the water’s release...
...The insurer had entered into a multibillion-dollar reinsurance agreement with start-up private capital firm, 26North, founded by the longtime Apollo executive Josh Harris....
...AEL has $70bn in assets that Brookfield’s insurance outfit Brookfield Reinsurance plans to invest....
...Separately, AEL is trying to push further into the reinsurance business to boost equity returns....
...Now, it owns a range of insurance and reinsurance companies as well as a toy producer, a funeral products maker, a hotel developer and a manufacturer of custom trailers....
...This is not Covea’s only attempt to break into the reinsurance world, after a fraught bid for France’s Scor in 2018....
...Brookfield Reinsurance, the insurance unit that remains operationally linked to Brookfield following a June demerger, is buying Texas-based American National for $5.1bn....
...Toyota, Nissan, Hitachi and Takata have also incubated them. Jaded investors are inured to cover-ups that go wrong....
...Its flood reinsurance scheme, by contrast, involves a £180m levy on insurers, which pass the costs on to customers....
...Tokio Marine investors have chafed at a lack of detail regarding reinsurance arrangements and what exactly the BCC policies covered....
...The company had maintained that its exposure to Greensill was limited since a large part of its risk was covered by reinsurance....
...“In addition to extensive reinsurance placed by IAG, as part of the sale IAG entered into agreements with Tokio Marine for it to hold any remaining exposure to trade credit insurance written by BCC through...
...The insurer also said its potential exposure to the supply-chain finance group was limited because a significant proportion of its Greensill-related risk was covered by reinsurance....
...Taxing corporate profits would make Bermuda more bureaucratic and add complexity for business, he told the FT’s Gary Silverman in an interview, threatening its role as a global hub for reinsurance — the...
...Those multibillion dollar investments will flow through BAM Reinsurance, which will be incorporated in Bermuda, but is expected to be listed in New York and Toronto....
...But it has also entered into a reinsurance agreement with Brookfield, which will eventually take responsibility for up to $10bn worth of annuity liabilities....
...Unlike insurtech companies offering third party products, Lemonade backs the policies it sells with its own balance sheet using reinsurance to limit big losses....
...Covéa had looked for a big acquisition in reinsurance for years, and the PartnerRe deal would have catapulted the France-focused mutual into the big leagues of global reinsurance....
...The specialist insurance and reinsurance industry has been consolidating during the past few years....
...Apollo struck a big reinsurance deal with Prudential in June, helping add $100bn to its assets in the second quarter....
...“We had a strategy to go towards reinsurance from exactly the month of December, 2011 . . . we decided from that point to work on the strategy of buying a reinsurance company of good size,” Mr Derez told...
...Instead, Lemonade takes a fixed fee, typically 25 per cent of premiums, while using reinsurance to limit losses from high claims and, in years of low claims, giving excess underwriting profits to charity...
...The approach for PartnerRe comes as the reinsurance industry — which sells insurance to other insurance companies — is undergoing a resurgence....
International Edition