reinsurance – Benefits Canada.com

Alberta’s plan to enter the captive insurance market could have benefits for employers

lbailey — Wed, 16 Feb 2022 14:00:40 +0000

Alberta’s move to enter the captive insurance market could have significant benefits for employers in the province. On Dec. 2, 2021, the province’s proposed Bill 76, the Captive Insurance Companies Act, received royal assent, taking it one step closer to becoming law. If passed, the legislation will make Alberta the second province, after British Columbia, to […]

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Gallagher completing acquisition of Willis Re

mdunne — Tue, 07 Dec 2021 20:00:44 +0000

Arthur J. Gallagher & Co. is completing its acquisition of Willis Towers Watson’s global reinsurance business, Willis Re. The US$3.25 billion transaction was first announced in August and was finalized earlier this month. Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and incorporate 2,400 […]

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Back to basics on captive arrangements

lbailey — Fri, 19 Nov 2021 13:50:19 +0000

Five years ago, Rolls Royce Canada Ltd. realized its insurer and one of its European divisions’ insurers had separate reinsurance through a larger multinational company, so it worked out a deal to pool both divisions’ insured benefits. As a multinational company with more than 50,000 global employees, the automaker was an ideal candidate for a […]

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Caisse invests in mortgage broker, Ontario Teachers’ makes reinsurance investment

Jennifer Paterson — Thu, 11 Nov 2021 14:00:36 +0000

The Caisse de dépôt et placement du Québec is investing in a Canadian mortgage broker. The investment in M3 Financial Group will allow the organization to continue its strategic growth plan around acquisitions and help expand its digital footprint, according to a press release, which noted the mortgage broker most recently acquired Pinch Financial, a technology […]

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Willis Towers Watson selling Willis Re to Gallagher for US$3.25BN

mdunne — Mon, 16 Aug 2021 13:00:30 +0000

Willis Towers Watson is selling its global reinsurance business, Willis Re, to Arthur J. Gallagher & Co. for US$3.25 billion. The transaction is set to close by the end of the first quarter of 2022 and there’ll be an earnout payable in 2025 of up to US$750 million in cash, subject to certain adjustments. Read: […]

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Back to basics on insurance-linked securities

bwolfe — Wed, 30 Jun 2021 12:53:03 +0000

As institutional investors seek portfolio diversification and the insurance industry seeks additional capacity amid global growth, investment strategies incorporating insurance-linked securities are providing a solution for both parties. Insurance-linked securities allow insurers to transfer some of their risk to investors. For example, in the case of catastrophe bonds, the issuer pays a coupon to an […]

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Damage control

mschmit — Fri, 10 Aug 2018 05:06:44 +0000

The reinsurance market delivers steady income in tough times.

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Cat Bonds and Other Freaks of Nature

mschmit — Wed, 27 Oct 2010 05:45:14 +0000

Pension funds: add something unique to your portfolio.

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