Reinsurance News
Zurich Resilience Solutions (ZRS), the commercial risk advisory unit of Zurich Insurance Group, has partnered with GoImpact Capital Partners, a sustainability-focused organisation, to assist businesses in the Asia Pacific region in navigating the...
Posted: Dec 04, 2024
According to Morningstar DBRS, an independent provider of credit ratings and financial analysis, the Italian insurance sector is on track to sustain its strong performance into 2025. Key drivers include a significant recovery in life insurance pre...
Posted: Dec 04, 2024
The Prudential Regulation Authority (PRA) has granted Fortegra, a global specialty insurer and subsidiary of Tiptree, approval to establish Fortegra Insurance Company UK, its new subsidiary in the United Kingdom. Fortegra has established a strong...
Posted: Dec 04, 2024
Australian insurer QBE has announced the appointment of Claire Lill as Portfolio Manager to lead and strengthen the firm’s US Casualty offering. Lill brings to her new role over three decades of London Market Casualty experience and is joining QBE...
Posted: Dec 04, 2024
After overseeing the merger of RISCS with Cutts-Watson Consulting (RISCS CWC) and serving as Chair for two years, Malcolm Cutts-Watson is stepping down at the end of December to retire following an illustrious five-decade career. Malcolm Cutts-Wat...
Posted: Dec 04, 2024
Italian insurer Generali has reached an agreement for the sale of its 100% stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, Ltd. According to Generali, the agreement is aligned with its strategic plan to dr...
Posted: Dec 04, 2024
Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has entered into two quota share reinsurance agreements with a broad panel of highly rated reinsurers, subject to certain conditions. Under t...
Posted: Dec 04, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Sabrina Veau as a Senior Broker in its growing Capital Advisory team, based in London. She was most recently focused on the Strategic Advisory arm of the Capital Ad...
Posted: Dec 04, 2024
Fitch Ratings has revealed that its outlook for the European insurance sector remains ‘neutral’ for 2025, which according to the agency, reflects resilient operational and business conditions, and disciplined pricing, amid falling bond...
Posted: Dec 04, 2024
According to analysts at international insurance law firm, DAC Beachcroft, proposals to develop a UK captive market are expected to progress further in 2025. Analysts noted that the new UK Labour government has signalled that it could be receptive...
Posted: Dec 04, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Andrew Hopper as Head of Financial Institutions, UK, and the promotion of Chris Nixon to Underwriting Manager, Executive & Professional Lines, UK. Nixon will be tak...
Posted: Dec 04, 2024
Worldlink Specialty, LLC, a provider of specialised insurance products for the aviation and aerospace industry, has revealed its new digital portal, offering easy access to its exclusive range of aviation insurance solutions. Brokers and their avi...
Posted: Dec 04, 2024
Tokio Marine Kiln (TMK) has announced the appointment of Georgina Furness-Smith as Cyber Underwriter in APAC, a Singapore-based role. She will take up her role on 2 January. Furness-Smith is a cyber insurance specialist with over five years of und...
Posted: Dec 04, 2024
Investment firm Sixth Street, the principal shareholder of Lifetri, and financial provider Achmea, have established a pension and life insurance joint venture in the Netherlands. According to the announcement, this move will see Lifetri, with a ba...
Posted: Dec 04, 2024
Ryan Specialty’s transactional risk managing general underwriter, Ryan Transactional Risk (RTR), has announced several leadership promotions, effective January 1, 2025. George Pearce and Rich Stansfield, the current Managing Directors, will assume...
Posted: Dec 04, 2024
After WTW confirmed its re-entry into the treaty reinsurance broking market earlier today, via a joint venture with Bain Capital, Chief Executive Officer (CEO) Carl Hess has explained that, over time, the company could obtain control and purchase...
Posted: Dec 03, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. Based in New York, O’Connell wi...
Posted: Dec 03, 2024
A recent Reinsurance News poll, which drew responses from hundreds of industry professionals, suggests that regulatory mandates are viewed as the primary driver for the adoption of environmental, social, and governance (ESG) principles within the...
Posted: Dec 03, 2024
CFC, a provider of insurance solutions in emerging risks and a market leader in cyber, has launched a new excess insurance offering specifically designed for secondary transactions. This solution introduces a new option for the secondary transacti...
Posted: Dec 03, 2024
Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024. Noorani will report to Mark Wood, Head of Global Specialty Practices, and will lead Howden’s ne...
Posted: Dec 03, 2024
The Trustee of the £1 billion Merchant Navy Ratings Pension Fund (MNRPF) has entered into a transaction with Metropolitan Life Insurance Company (MetLife) to manage longevity risk of around £450 million of pensioner and dependant liabilities. This...
Posted: Dec 03, 2024
As part of Saudi Arabia’s ongoing efforts to address the global impact of drought, the Kingdom, alongside its partners, has launched the Riyadh Global Drought Resilience Partnership at the opening of the 16th session of the Conference of the...
Posted: Dec 03, 2024
Global insurance brokerage WTW has confirmed its intention to re-enter the treaty reinsurance broking market via a joint venture with private investment firm, Bain Capital, with WTW set to hold a minority share in the new company. At its 2024 Inve...
Posted: Dec 03, 2024
The US property and casualty (P&C) insurance industry is experiencing a prolonged period of robust financial strength, with no clear end in sight. According to insurance research firm ALIRT, both commercial and personal lines are seeing record...
Posted: Dec 03, 2024
Ryan Specialty has revealed that net proceeds from a new $600 million notes offering will be utilised for future acquisition opportunities and investments consistent with its strategy. The specialty insurance services firm announced that Ryan Spec...
Posted: Dec 03, 2024