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FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond
Alternative Risk Transfer
The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019
CFC draws 14-year SCOR veteran for leadership build out
Insurance
The company has recently hired a cybersecurity expert and chief people officer.   13 February 2024
Reinsurers rebuild: dedicated capital nearly recoups ‘22 market hit
Insurance
New profits and an investment rebound put core reinsurer dedicated capital up 13% YTD.   6 September 2023
Insurance
Hannover Re and Fidelis provided significant capacity for the new three-year placement.   25 February 2021
Insurance
The company claims a ‘robust pipeline’ for 2023 as Aquarian takes control.   10 January 2023
Insurance
As the soft market stretches on and new capital continues to find ways to compete on the turf of established reinsurers, the bigger, traditional players are being forced to adapt. Most are increasingly willing to shun unprofitable business while exploring new potential revenues streams and keeping one eye on (and often an investment in) technologies with the potential to change their way of working.   24 May 2017
Insurance
Industrial lines insurer HDI Global has been impacted by numerous property claims in the first six months of 2018, leading to a decline in underwriting results.   20 August 2018
Insurance
Talanx, the parent company of Hannover Re, enjoyed increased profits in the first half of the year and said it is on track for full year targets despite heavy catastrophe losses in some of its reinsurance businesses.   12 August 2016
News
The amount of reinsurance capacity entering the market has slowed compared with previous years, Ulrich Wallin, CEO of Hannover Re, said at a press conference in Monte Carlo yesterday (Monday September 14).   14 September 2015
Insurance
The strategic move aims to sharpen its focus on clients and brokers.   2 January 2024

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