Reinsurance News
Mercury Insurance has announced that it will begin writing new homeowners insurance policies in Paradise, California, becoming the first major insurer to return to the area since the devastating Camp Fire in November 2018. The Camp Wildfire became...
Posted: Jan 09, 2025
Alera Group, an independent national insurance and financial services firm, recently announced the appointment of Gary Piantedosi as president. Piantedosi, who has served as the managing director for Alera Group’s Northeast region since 2022...
Posted: Jan 09, 2025
Annette Rippert will join The Hartford’s Board of Directors, starting February 18, 2025, and will contribute to the Finance, Investment, and Risk Management Committee. “Annette’s visionary leadership in technology, data and artificial intell...
Posted: Jan 09, 2025
Old Republic International Corporation has announced the formation of a new underwriting subsidiary, Old Republic Cyber, Inc., which will offer cyber and technology errors and omissions (E&O) insurance products. The new company will be led by...
Posted: Jan 09, 2025
Davies, a professional services and technology specialist, has promoted Matt Button to Deputy Group Chief Executive Officer (CEO), effective January 1st, 2025, reporting directly to Group CEO Dan Saulter. In his new role, Button is responsible for...
Posted: Jan 09, 2025
The devastating wildfire raging in the Pacific Palisades neighbourhood of Los Angeles has now destroyed more than 1,000 structures and is growing, while the Eaton Fire, burning in the Angeles National Forest, the Altadena area of Los Angeles Count...
Posted: Jan 08, 2025
Ascot, a Bermuda-based global specialty insurer, has announced the appointment of Bruce Sikorski to the newly created role of Group Head of Corporate Services. Based in Ascot’s Iselin, New Jersey office, Sikorski will report to Bill Thygeson, Grou...
Posted: Jan 08, 2025
IQUW, a property and specialty re/insurer, has strengthened its Energy team with three new appointments. Chris Touhey joins as Senior Underwriter, Energy, alongside Darren Stewart as Head of Marine, Energy, & Aviation Claims, and Darryl Krobel...
Posted: Jan 08, 2025
Northwestern Mutual, a financial services provider of insurance and wealth products, has formed a strategic partnership with global investment firm Sixth Street to enhance its long-term, diversified investment strategy for its institutional invest...
Posted: Jan 08, 2025
Lloyd’s, the insurance marketplace, announced that its Chief Executive Officer, John Neal, will step down in 2025 to join Aon plc as Global CEO of Reinsurance and Global Chairman of Climate Solutions. His departure marks a significant transition f...
Posted: Jan 08, 2025
The Hartford, a leading US-based insurance and financial services company, has launched a new service company in Singapore to expand its presence in Asia and enhance its reach in one of the world’s largest commercial wholesale markets through its...
Posted: Jan 08, 2025
Even with the further easing of conditions at 1.1, the property catastrophe reinsurance market is priced to produce target expected returns for reinsurers, according to Aon’s Reinsurance Market Dynamics January 2025 Renewal report. With stro...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, Asia Pacific (APAC), effective immediately. Based in Singapore, Diago will report to Kenneth Reilly, Chi...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm’s commercial and consumer insurance business in Asia Pacific (APAC), effective immedia...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm’s commercial and consumer insurance business in Asia Pacific (APAC), effective immedia...
Posted: Jan 08, 2025
FM, a commercial property insurer, has confirmed its acquisition of Velocity Specialty Insurance Company (VSIC), Velocity’s wholly owned E&S insurance carrier, with the deal expected to close in the first half of 2025. This acquisition f...
Posted: Jan 08, 2025
Specialist insurer Hiscox has appointed Shali Vasudeva as its new Group Chief Operations and Technology Officer (COTO), succeeding Stephane Flaquet, who is departing the firm. Vasudeva joins Hiscox after five years as Chief Operating Officer of AX...
Posted: Jan 08, 2025
Sollers Consulting and mea Platform have entered into a partnership that will see both companies help insurers improve their digital capabilities within underwriting and claims. The partnership will reportedly have a strong focus on Lloyd’s...
Posted: Jan 08, 2025
VIG Re, the reinsurance arm of Prague-domiciled Vienna Insurance Group, has appointed Ivana Jurčíková, a current Board member, to the newly created role of Chief Operating Officer (COO), while Wolfgang Hajek joined the Board as Chief Financial Off...
Posted: Jan 08, 2025
Munich Re has announced the appointment of Christa Schwimmer as Chief Executive for its Specialty Reinsurance and Lloyd’s & Bermuda business. In this role, Schwimmer will join Stefan Golling, Member of the Board of Management at Munich R...
Posted: Jan 08, 2025
Florida-based American Coastal Insurance Corporation (ACIC) has renewed its catastrophe excess of loss agreement (AOP CAT agreement), which provides up to $90 million in per-occurrence coverage above a $10 million attachment point, and has also se...
Posted: Jan 08, 2025
Governor of California Gavin Newsom has proclaimed a state of emergency as more than 30,000 people in Los Angeles have been ordered to evacuate a large and dangerous wildfire which covers around 3,000 acres and continues to grow, threatening thous...
Posted: Jan 08, 2025
Ethiopian Reinsurance (Ethio Re) has reported strong financial results for the 2023/24 fiscal year, achieving an impressive 60% growth in net profit to 391 million birr, despite rising natural and man-made catastrophes. The results were presented...
Posted: Jan 08, 2025
Global insurance and reinsurance broking group Aon has announced the appointment of Renuka Nar as Head of Broking for its Life and Health (L&H) reinsurance business in India. In her new role, Nar will report to Shailendra Sapra, CEO of Reinsur...
Posted: Jan 08, 2025
DXC Technology, a global technology services provider, has launched AI Impact, an initiative designed to help customers across industries innovate securely and achieve real business outcomes through artificial intelligence (AI). DXC supports globa...
Posted: Jan 08, 2025