Reinsurance News
Hamilton Insurance Group has appointed Athena Tolosa as Chief Financial Officer of Hamilton Re, its Bermuda-based insurance and reinsurance underwriting platform. Tolosa has over 18 years of experience in the (re)insurance industry, having most re...
Posted: Apr 29, 2024
ZestyAI, a company that leverages artificial intelligence (AI) for risk assessment, has announced its partnership with Florida Peninsula Insurance Company, integrating ZestyAI’s Z-PROPERTY Location Insights solution to enhance underwriting p...
Posted: Apr 29, 2024
Allianz Reinsurance, part of global insurer Allianz, has named Silvia Rimola as Head of Capital and Legacy Solutions, effective April 2024. Rimola first joined Allianz in 2002 as part of the financial department, and has since held numerous roles...
Posted: Apr 29, 2024
WTW, a global insurance and reinsurance broker, has partnered with Riskonnect to launch a new analytical delivery tool that seamlessly connects claims and exposure data through the WTW Risk IQ API (application programming interface). This collabor...
Posted: Apr 29, 2024
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has announced the appointment of Miriam Goddard to its board as a non-executive director. John Whiter, chair of the ASML Board, expresses his enthusiasm for God...
Posted: Apr 29, 2024
Rating agency AM Best revised its outlook on the United Kingdom’s non-life insurance segment from negative to stable, as inflation is expected to decrease closer to the Bank of England’s 2% target in mid-2024, which should ease the pressure...
Posted: Apr 29, 2024
African Risk Capacity (ARC) has revealed that Malawi, Mozambique, Zambia and Zimbabwe are likely to receive insurance payouts from the ongoing drought in the region, which is one of the worst in decades. In a recent meeting between ARC and its par...
Posted: Apr 29, 2024
Insurance broker Marsh’s Cyber ECHO facility, which is underwritten by Lloyd’s insurers and enables clients to access capacity for complex cyber and technology risk exposures in any territory licensed by Lloyd’s, now provides up to $12...
Posted: Apr 29, 2024
Reinsurance broker Gallagher Re has announced the promotion of Gina Butterworth to the position of Global Transformation Director. With nearly three decades of experience in the industry, Butterworth is a seasoned senior executive known for her st...
Posted: Apr 29, 2024
CatX, the digital marketplace that connects (re)insurers and brokers with alternative capital, has announced it will enhance its capabilities through a new collaboration with CyberCube. The partnership will reportedly enable the integration of Cyb...
Posted: Apr 29, 2024
Specialist insurer Beazley has revealed that insurance written premiums in Q1 of 2024 increased by 7% compared to the previous year, reaching $1.48 billion. Adrian Cox, Beazley’s Chief Executive Officer, noted that it has been a “solid...
Posted: Apr 29, 2024
The Dubai International Financial Centre (DIFC) has reported the highest gross written premiums (GWP) in its history at close to $2.6 billion in 2023, an increase of 23% on the prior year’s $2.1 billion. Alongside the highest GWP in 20 years...
Posted: Apr 29, 2024
The U.S. National Science Foundation (NSF) aims to catalyse research in areas that enhance the insurance sector’s capacity to model and underwrite terrorism and catastrophic cyber risks. To achieve this goal, the NSF has issued a Dear Collea...
Posted: Apr 29, 2024
Beacon Hill Associates, a division of Specialty Program Group LLC (Beacon Hill), has hired Paul Dastis as Vice President within the firm’s Northeast Region. Based in New York, Dastis brings 30 years of experience towards his new role. Dastis...
Posted: Apr 29, 2024
The Central government of India may sell up to 10% stake in the state-run reinsurer General Insurance Corporation (GIC Re) in the current financial year, a senior official told Financial Express. The officials commented, “GIC Re received a very go...
Posted: Apr 29, 2024
Sayata, a marketplace for insurance brokers and carriers, aims to revolutionise small commercial insurance underwriting with the launch of the Sayata Risk Engine, an AI-powered platform. This new proprietary risk assessment solution is to transfor...
Posted: Apr 29, 2024
Africa Specialty Risks (ASR), the pan-African-focused reinsurance group, has announced the launch of ASR Syndicate 2454 at Lloyd’s, which will be the first in that market to have an African focus on the business it underwrites. ASR Syndicate 2454...
Posted: Apr 29, 2024
Rating agency AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a” (Excellent) of MS Reinsurance, and has assigned a stable outlook to the rating...
Posted: Apr 26, 2024
Cyber risk manager Bitsight and Moody’s have launched a new cyber risk solution that will cover over 300 million organisations worldwide. The Implied Cyber Threat (ICT) is an offering built on Bitsight’s cyber risk analytics engine and Moody...
Posted: Apr 26, 2024
Insurance and reinsurance broking group Aon feels great about its now completed acquisition of middle-market property and casualty (P&C) broker NFP, with Chief Executive Officer (CEO), Greg Case, describing it as “a tour de force revenue...
Posted: Apr 26, 2024
Traditional insurance firms have reportedly had to adapt to high repair costs of electric vehicles (EV) and the rapid pace of adoption in China, Europe and the UK, which has resulted in significant insurance premium rate increases, says Morningsta...
Posted: Apr 26, 2024
Commercial property insurer FM Global has named Johnell Holly as Senior Vice President (SVP), where he takes on oversight of global client services, sales, broker relations, marketing and the insurer’s business risk consulting group. This is a new...
Posted: Apr 26, 2024
Pen Underwriting has announced the extension of its long-term strategic collaboration with Zurich in the Republic of Ireland to support its highly specialist fleet insurance offering, covering motor fleets in the hazardous goods, tankers and envir...
Posted: Apr 26, 2024
The International Cooperative and Mutual Insurance Federation’s latest Global Mutual Market Share report has revealed that the global mutual and cooperative sector collectively wrote USD 1.41 trillion in insurance premiums and increased the sector...
Posted: Apr 26, 2024
Digital risk processing platform Cytora has expanded its global advisory board with the addition of James Platt, in line with its vision for global growth. Platt is a commercial insurance veteran, and has had a broad and successful career in the i...
Posted: Apr 26, 2024