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Reinsurance

United Security Assurance Company of Pennsylvania completes reinsurance transaction with Alpha Re United Security Assurance Company of Pennsylvania (USA) has completed a reinsurance transaction with Alpha Re (U.S.), a Vermont-based reinsurer.
Reinsurance > News
Nassau Reinsurance acquires Universal American’s Traditional Insurance business Nassau Reinsurance Group Holdings has completed its acquisition of Universal American’s Traditional Insurance business.
Reinsurance > News JLT Re acquires Olsa Re’s reinsurance portfolio in Peru By IBR Staff Writer
JLT Re, a subsidiary of Jardine Lloyd Thompson Group, has acquired the portfolio of Olsa Re in Peru, for an undisclosed sum.
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XL Catlin establishes reinsurance unit for Africa risks
XL Catlin has announced it has established a new reinsurance unit focused on providing facultative and treaty reinsurance across Africa. 
Reinsurance > News
Assurant announces $1.4bn 2016 property catastrophe reinsurance program
Assurant, a global provider of risk management solutions, announced it has finalized its $1.4 billion 2016 property catastrophe reinsurance program, reducing its financial exposure and safeguarding its ability to protect more than 2.4 million homeowners and renters policyholders against severe weather events and other perils.
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Slice Labs, Munich Re partner to deliver on demand insurance products globally
Slice Labs, an American startup insurtech company, has partnered with global insurance organization Munich Re to launch its on-demand per-use insurance product.
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Nassau Reinsurance acquires Phoenix for $217m
By IBR Staff Writer
Nassau Reinsurance Group Holdings has completed the acquisition of US-based The Phoenix Companies, for around $217m.
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Heritage Insurance announces completion of 2016-2017 reinsurance program
By IBR Staff Writer
Heritage Insurance Holdings (HRTG), a property and casualty insurance holding company, announced that its insurance subsidiaries, Heritage Property & Casualty Insurance Company ("Heritage P&C") and Zephyr Insurance Company completed the placement of their 2016-2017 reinsurance programs.
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Universal Insurance Holdings insurance subsidiaries complete 2016-2017 reinsurance programs
By IBR Staff Writer
Universal Insurance Holdings (UVE) announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, of their 2016-2017 reinsurance programs, effective June 1, 2016.
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AmTrust Financial acquires Netherlands’ Nationale Borg for EUR161m
By IBR Staff Writer
AmTrust Financial Services has completed the acquisition of Netherlands-based Nationale Borg-Maatschappij and its affiliates from Egeria and HAL Investments, for €161m in cash.
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Munich Re, PrecisionHawk partner to enhance post-catastrophe assessment using drone technology
By IBR Staff Writer
German reinsurance firm Munich Re has selected PrecisionHawk to enhance post-catastrophe assessment using drone technology.
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AIG secures approximately $300m of indemnity reinsurance coverage for mortgage insurance portfolio from 2008 and earlier
By IBR Staff Writer
American International Group announced that its mortgage insurance business United Guaranty Corporation (UGC) obtained $298.6m of indemnity reinsurance from Bellemeade Re II Ltd., a special purpose insurer, for a portfolio of mortgage insurance (MI) policies issued in 2008 and prior years.
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Citigroup transfers coinsurance agreement with Primerica to Swiss Re
Citigroup announced that a subsidiary of Swiss Re Life & Health America Inc. (“Swiss Re”), replaced Prime Reinsurance Company, Inc. (“Prime Re”) as Primerica Life Insurance Company’s reinsurer on a coinsurance agreement covering a block of term life insurance policies that were in force on December 18, 2009.
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