Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance firms have been building their reserve buffers through the hard market for just such an eventuality, a recent analyst report … [Read more...] about Reinsurance returns still strong, growth a rational view: J.P. Morgan
Latest News
AIRROC Announces New Board Leadership, Officers and Directors for 2025
AIRROC has announced its board leadership for 2025. The officers are Chair Tom Mendralla (Swiss Re), First Vice Chair Dawn Ballin (Enstar), and Second Vice Chair Stewart Richmond (RiverStone Group). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Brandywine) as Secretary, and Robert Romano along with Victoria Corder (Norton Rose) as the … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2025
5 Top Trends for Risk Capital in 2025
The re/insurance industry is in a transformative cycle driven by a convergence of systemic risks reshaping market dynamics. The interplay between economic pressures, geopolitical shifts and environmental challenges creates a complex backdrop for businesses navigating their risk management strategies. Risk financing is also evolving at an unprecedented pace, with a growing … [Read more...] about 5 Top Trends for Risk Capital in 2025
PwC’s Bichard: Legacy Insurance Market Rebounds, Signaling Shift in Capital Management
Jim Bichard, global insurance leader, PwC, said activity has shifted to fewer but larger deals, indicating the growing relevance of legacy transactions as a sophisticated capital management tool. Read More... … [Read more...] about PwC’s Bichard: Legacy Insurance Market Rebounds, Signaling Shift in Capital Management
Private equity plays a significant role in current M&A landscape: Howden’s Madea
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them. Madea stated that the hard market conditions are driven by a number of different factors, … [Read more...] about Private equity plays a significant role in current M&A landscape: Howden’s Madea
We need to talk about exit solutions
Exit strategies, a critical yet often under-discussed aspect of the captive insurance lifecycle, are essential for captive owners planning their future transitions. Although these strategies can be complex and sensitive, which might not suit early conversations with prospective captive owners, more transparent discussions about the strategies involved, and when they are … [Read more...] about We need to talk about exit solutions
IRLA Does It Again – Another Superb Congress is Go!
IRLA Congress 2024 launched to a packed and enthusiastic gathering of delegates this week. The three day event, which is taking place at The Brighton Grand Hotel, has seen members travel from all over the UK, as well as some flying in from much further afield to be part of the annual occasion. Day One saw a superbly well appreciated mix of networking, social activities … [Read more...] about IRLA Does It Again – Another Superb Congress is Go!
Chaffetz Lindsey Launches New York Appellate Insurance Reports (NYAIR)
February 2024 ─ Chaffetz Lindsey is excited to launch of a new firm publication, the New York Appellate Insurance Reports (NYAIR). NYAIR will provide timely summaries of New York appellate court and Second Circuit decisions concerning complex commercial insurance and reinsurance disputes. Coverage includes decisions back to January 1, 2023 and we will add new reports as future … [Read more...] about Chaffetz Lindsey Launches New York Appellate Insurance Reports (NYAIR)
Trends to Watch in 2024
Cyber attackers will continue to exploit vulnerabilities and adapt their methods Cyber threats continue to be the number one risk on business leaders’ minds, and there have been many lessons learned over the years related to which controls to prioritize and implement to mitigate a cyber-attack, e.g., a robust patch management process, endpoint detection and response, and … [Read more...] about Trends to Watch in 2024
AIRROC Announces New Board Leadership, Officers and Directors for 2024
AIRROC is pleased to announce the new 2024 leadership of the Board of Directors. Tom Mendralla (Swiss Re) takes over as Chair with Betsy Mitchell (A.G. Risk Management) and Dawn Ballin (Enstar) as Co-Vice Chairs. The board supporting officers are Marianne Petillo (ROM), Treasurer, Megan McHugh (Brandywine), Secretary and Susan Aldridge (Norton Rose) as General Counsel. … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2024
AIRROC Confirms Board Leadership and New Directors for 2023
AIRROC is pleased to announce that its board leaders remain the same for a second year in a row. Heading up the board are Chair Bill Goldsmith (AIG), along with Co-Vice Chairs Tom Mendralla (Swiss Re) and Betsy Mitchell (A.G. Risk Management). The board supporting officers are Marianne Petillo (ROM), Treasurer, Megan McHugh (Brandywine), Secretary and Susan Aldridge (Norton … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2023
Legacy Solutions
The volatile and unpredictable insurance market conditions derived from the impacts of the COVID-19 pandemic, as well as emerging cyber, political, and environmental risks, has seen an increase in activity surrounding captives entering legacy transactions. Increasingly recognised as a strategic portfolio management tool, exit solutions help to free up capital and capacity to … [Read more...] about Legacy Solutions
R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”
Speaking to The Insurer TV as part of #ReinsuranceMonth, R&Q’s group head of legacy M&A said the firm was very conscious of the need to carry out thorough due diligence to properly understand exposures in terms of where claims are arising from within portfolios, and also to “get a real good feel” as to how claims are being managed. “These claims need to be kept on … [Read more...] about R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”
Number of completed mergers and acquisitions rose in 2021: Clyde & Co
The number of completed merger and acquisition deals in the insurance sector last year leaped from 407 to 418, according to Clyde & Co’s latest Insurance Growth Report. The report said that the surge was driven by a particularly strong second half of the year, which saw 221 deals, up from 197 in the first six months. The Americas remained the most active region for … [Read more...] about Number of completed mergers and acquisitions rose in 2021: Clyde & Co
As the SPAC Market Cools, What Comes Next?
2020 was called the "Year of the SPAC" but 2021 is already on track to surpass it. At the Summer Membership Meeting, Jack Vales, Partner at Dentons, moderated a lively discussion covering all you need to know about the rapid rise of SPACs in the educational session entitled “SPAC-tacular Ascent: The Rise of SPACs.” Fellow Dentons partners Ilan Katz and Ira L. Kotel joined the … [Read more...] about As the SPAC Market Cools, What Comes Next?
Insurance Business Transfer Workshop
Earlier this month AIRROC hosted its Insurance Business Transfer (“IBT”) Workshop, which brought together (virtually) industry leaders and experts for a half-day of presentations and discussions on the legal and regulatory landscape affecting the IBT space. A highlight of the day was a review of lessons learned during the recent, first-of-its kind transaction under Oklahoma’s … [Read more...] about Insurance Business Transfer Workshop
AIRROC Continues to Grow its Network!
AIRROC is pleased to announce the addition of two new members, BMS Group Ltd. and Fortitude Reinsurance Company Ltd., and Gallagher Bassett as a new Corporate Partner. AIRROC looks forward to working together with BMS, Fortitude Re and Gallagher Bassett on a number of dimensions with the intention of delivering greater service to our shared communities of legacy … [Read more...] about AIRROC Continues to Grow its Network!
AIRROC Confirms Board Leadership and New Directors for 2021
AIRROC announces the 2021 board leadership. The officers are Chair Bill Teich (The Hartford) and the two Co-Vice Chairs are Bill Goldsmith (AIG) and Betsy Mitchell (Armour Risk). Marianne Petillio (ROM Re) serves as Treasurer and Megan McHugh, Brandywine Holdings acts as the Secretary of the Board. The Chair (Teich) and two Co-Vice Chairs (Goldsmith and Mitchell), … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2021
Expect Increased New York State Regulatory Enforcement in the Banking and Financial Services Industry
The New York Attorney General and the New York State Department of Financial Services are leaders in the efforts to fill in the regulatory gap in the wake of perceived reduction in federal enforcement. Read the full article here... … [Read more...] about Expect Increased New York State Regulatory Enforcement in the Banking and Financial Services Industry
Social Unrest: Covered or Not?
Corporate Partner Dentons highlights the legal issues in assessing coverage for vandalism, looting, and related business interruption and civil authority claims. Legal Information To say we are living in unprecedented times in the insurance and reinsurance world, and everywhere else, would be a gross understatement. While we continue to work from home, insurers … [Read more...] about Social Unrest: Covered or Not?
