Reinsurance News
Life reinsurance news
Life reinsurance industry news, analysis and insights.
The life reinsurance market is a core piece of the sector and life risks, from mortality, to longevity, annuity risk, and more, are a key diversifier for the large global reinsurance carriers, while there are also numerous large specialist life and annuity reinsurers in the sector as well.
Our life reinsurance market news stories cover happenings in the life reinsurance industry, people moves, new company launches, life reinsurance company results, product innovation and more.
New system promises flexibility for Italian life re/insurers: Fitch Ratings
8th March 2018
Fitch Ratings has predicted that closed-fund consolidation will become prominent in the Italian life re/insurance market following the implementation of a new profit-sharing system set to be launched by the Italian regulator later this year. The new system is expected to gradually reduce Italian life insurers and reinsurers sensitivity to interest ... Read the full article
UK life insurers’ longevity risk could spur life reinsurance demand: S&P
27th February 2018
UK life insurers are facing material longevity risks as the sector undergoes significant change leading to increased diversification of business and products and spurring demand for longevity reinsurance uptake, according to a recent S&P report. "Historical sales of individual annuities mean that longevity risk will still be material in the future. "However, ... Read the full article
Life/annuity cedants to offshore reinsurers advised to watch counterparty risk: A.M. Best
1st February 2018
About 30% of total life/annuity (L/A) premiums ceded by U.S. insurers are sent to offshore affiliates as multinationals seek out opportunities for capital and tax efficiencies, however, A.M. Best highlighted in a special report that ceding to unaffiliated offshore reinsurers can bring additional risks. The rating agency cautioned firms to do ... Read the full article
MS&AD injects £505m into Swiss Re’s closed life consolidator ReAssure
24th January 2018
Japanese insurance holding company MS&AD Insurance Group Holdings Inc (MS&AD) has made its first investment commitments to buy in global reinsurance firm Swiss Re's UK closed life book consolidator ReAssure. A deal was announced in October that would see MS&AD making investments into the equity of ReAssure, across up to a ... Read the full article
U.S. life/annuity insurers’ appetite for reinsurance growing, but options decline: A.M. Best
22nd January 2018
U.S. life/annuity insurers have an increased appetite for utilising reinsurance protection as a risk management tool, but consolidation in the U.S. life reinsurance sector is limiting the options for primary players, according to ratings agency A.M. Best. A.M. Best states that U.S. life/annuity insurance companies have increased the aggregate face amount ... Read the full article
U.S. life reinsurance market forecast as stable for 2018: A.M. Best
17th January 2018
A.M. Best's outlook for the U.S. life reinsurance market for 2018 is stable, with the market characterised by modest growth, mortality levels that remain within pricing parameters and the strong positions of major players. Michael Adams, A.M. Best, Senior Financial Analyst, commenting on the stable outlook, said; "reinsurers are somewhat less ... Read the full article
Langhorne Re launched by RGA and RenRe as in-force life & annuity reinsurer
11th January 2018
Two major global reinsurance firms, Reinsurance Group of America and RenaissanceRe, have launched a new start-up named Langhorne Re, which will target in-force life and annuity business and leverage third-party capital as part of its backing. Langhorne Re will be a global reinsurer targeting large in-force life and annuity blocks, the ... Read the full article
SCOR completes acquisition of mutual life/health reinsurer MutRé
3rd January 2018
French reinsurance firm SCOR has said today it has successfully completed its 100% acquisition of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. SCOR has now acquired 100% of the outstanding shares in MutRé S.A., a mutual reinsurer, established to serve the social economy in ... Read the full article
SCOR to reinsure block of Aegon’s life reinsurance business
28th December 2017
Aegon has announced an agreement to divest a block of life reinsurance business to French reinsurer SCOR, and also revealed that it is to dissolve a related captive insurance firm. Under the agreement, Aegon's Transamerica life subsidiaries will reinsure $750 million of liabilities to SCOR, which covers roughly 50% of the ... Read the full article
RGA in £900mn asset and longevity transaction with LV=
19th December 2017
Global, U.S.-based life reinsurance company, Reinsurance Group of America, Incorporated (RGA), has completed a £900 million (US$1.2bn) asset and longevity risk transaction with Liverpool Victoria Friendly Society (LV=). The transaction sees RGA reinsure roughly £900 million in individual annuity business, while no additional terms of the transaction are being disclosed. Executive Vice President ... Read the full article
Reinsurance reduces operational costs for life insurers: Swiss Re
13th December 2017
To improve profitability and value of life insurance products, life insurers have been effectively leveraging reinsurance and capital markets by transferring longevity risk exposures, according to Swiss Re's latest sigma report. Reinsurance and capital market solutions have made life insurers more competitive, improving profitability through reducing mortality, morbidity and longevity risk ... Read the full article
Zurich buying ANZ’s Australian life insurance business for AU $2.85bn
12th December 2017
Insurance giant Zurich is making a strong move to strengthen its business in Australia, lining up an acquisition of ANZ’s life insurance businesses, OnePath Life, in Australia for AU $2.85 billion (US $2.14 billion). The acquisition will leave Zurich as the market leading retail life insurer in Australia and the company ... Read the full article
French P&C sector faces headwinds: Moody’s
8th December 2017
Moody's outlook for the French P&C insurance sector remains negative as intense competition causes further downwards pricing pressure and investment income suffers from low interest rates. Overall, P&C combined ratios are expected to remain at 100%, or break even, and motor insurance is forecast to remain unprofitable at the underwriting level, ... Read the full article
UK life insurance sector revised to stable: Fitch
6th December 2017
Fitch Ratings has revised its outlook for the UK life insurance sector to stable from negative, as a result of the individual annuity market stabilising and ongoing demand for savings and asset management products. Firms remaining in the annuity market are expected to make significant use of longevity reinsurance to minimise ... Read the full article
Swiss Re’s ReAssure buying 1.1m Legal & General life policies for £650m
6th December 2017
ReAssure, the closed life book consolidator specialist unit of global reinsurance firm Swiss Re, is to acquire 1.1 million life insurance policies from Legal & General in a deal worth UK £650 million. The transaction strengthens ReAssure's position in the United Kingdon and the firm says it is consistent with its ... Read the full article
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