TransRe

NormanMax adds TransRe's head of ceded retro Korobeinikova as director of underwriting

Fort Lauderdale, Florida-based MGA NormanMax Insurance Solutions has appointed Tanya Korobeinikova, former head of ceded retro at TransRe, as its new director of underwriting.

Berkshire Hathaway’s insurance ops drive 28% increase in Q4 operating earnings

Berkshire Hathaway’s insurance operations delivered underwriting profits that increased by more than fivefold in the fourth quarter from $160mn to $848mn along with a 38% increase in investment income that was the main driver of operating earnings at the investment conglomerate climbing 28 percent to $8.48bn.

TransRe: Further US public D&O price cuts will push market LR beyond profit point

Continued US public D&O price decreases will in 2024 push the market’s loss ratio past the point where it will return a profit, according to TransRe, with the reinsurer “confused” by the current state of the underlying sector and its recent 18 months of rate decreases.

Reinsurance in Europe – the 2023 view

TransRe’s new president of EMEA, Julien Mollinier, joins European chief business development officer Rüdiger Skaletz to discuss the state of reinsurance in the region.

TransRe adds Aspen’s Mollinier as EMEA president

TransRe has bolstered its European leadership team with the hire of Julien Mollinier as president of EMEA, with the experienced new recruit joining from Aspen.

Generative AI creates a ‘Promethean point’

As the world adopts generative AI and adapts the technology to various business needs, the flame of artificial intelligence is spreading quickly. As Prometheus discovered, the risks inherent in powerful newfound knowledge can be severe. TransRe’s Otakar G Hubschmann explores some of the risks generated by generative AI.

Rising verdict severity ripples through casualty lines

As liability/casualty writers adjust to ever-increasing verdicts, TransRe’s Rich Henderson analyses the causes and consequences of such decisions.

Geico moves to $514mn UW gain in Q2 as Berkshire UW income nearly doubles to $1.6bn

Geico sustained its improved underwriting results in the second quarter, reporting a $514mn gain in the period, which helped drive Berkshire Hathaway’s insurance operations to a $1.6bn pre-tax underwriting gain in the period.

TransRe’s Brandt: Industry “evolution” behind lack of hard market reinsurer formations

The lack of new reinsurer formations to take advantage of the hard market is down to the industry’s evolution with capital no longer finding homes in traditional companies but instead being deployed in third-party vehicles, sidecars and catastrophe bonds, TransRe’s Ken Brandt believes.

Berkshire’s $911mn Q1 UW gain propelled by Geico’s shift to $703mn UW profit

Berkshire Hathaway’s underwriting profit climbed to $911mn in the first quarter - from $167mn a year ago - propelled by auto insurer Geico’s dramatic swing to a $703mn gain after having a $178mn underwriting loss a year ago.

London-founder Bonny to retire from TransRe role but will remain as non-exec

TransRe executive vice chairman Paul Bonny is set to retire from his role on 1 May, more than 40 years after he established the group’s London office.

TransRe’s Finlay makes return to Aon in casualty and PL role

Aon’s Reinsurance Solutions business has continued its recent run of adding senior talent from (re)insurance carriers with the hire of Brian Finlay from TransRe to its casualty and professional liability unit, The Insurer can reveal.

AM Best upgrades Alleghany units after Berkshire puts support in place

AM Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A++ (Superior) from A+ (Superior) of Alleghany subsidiaries TransRe, RSUI and CapSpecialty following new ultimate parent Berkshire Hathaway putting in place “significant internal reinsurance support”.

Berkshire receives regulatory approval for Alleghany acquisition

Berkshire Hathaway and Alleghany Corporation have received all regulatory approvals relating to the $11.6bn acquisition of Alleghany, which is now expected to close on 19 October.

TransRe open to regrowing cat book but cautious on casualty inflation impact

TransRe’s Ken Brandt has said the reinsurer is keeping a close eye on the impact of inflation on its casualty portfolio, particularly for D&O liability, and revealed the Alleghany subsidiary will consider expanding into cat again but only if pricing and terms sufficiently improve.

TransRe fac team names Crutchley global head and Danbrowney US casualty lead

TransRe has appointed Jim Crutchley to the newly created role of global facultative leader with Stephanie Danbrowney stepping up to succeed him as head of US facultative casualty.

The (re)insurance implications of famine and political risk

TransRe’s Jake Borsellino on why (re)insurers should prepare for near term political unrest…

Alleghany UW profit slips 5% in Q2 while TransRe cuts property premiums 17%

Alleghany’s Q2 2022 underwriting profit fell 5 percent year on year due to modestly lower favourable development while reinsurance subsidiary TransRe grew its net written premiums (NWP) 15 percent, excluding the non-renewal of a large quota share at the end of 2021.

TransRe adds operating role for CFO Mahoney

TransRe has appointed Matthew Mahoney to the newly created role of chief operating officer.

Liberty Mutual names TransRe’s Elizabeth Geary president of insurance solutions

Liberty Mutual has hired TransRe executive Elizabeth Geary to the new position of president of insurance solutions with a focus on building and scaling capabilities to deliver solutions to emerging and complex risks globally.

Region

Topics

Events & Conferences

Content Types