Reinsurance News
Credit rating agency AM Best has maintained its stable outlook for the US health insurance market, citing strong capitalisation and profitability as key factors, among others, despite declining underwriting results. In 2023, the health insurance s...
Posted: Nov 28, 2024
Zurich Resilience Solutions (ZRS), the commercial risk advisory and services unit of global insurer Zurich Insurance Group, has launched Climate Spotlight, an interactive digital solution leveraging climate data to provide businesses, municipaliti...
Posted: Nov 28, 2024
As the insurance and reinsurance industry continues to grow, the extensive risk landscape also continues to widen, with major risks stemming from key areas such as climate change and cyber, which according to John Neal, Chief Executive Officer (CE...
Posted: Nov 28, 2024
In an interview with Reinsurance News, William Ho, Chief Executive Officer of MS Amlin for Asia Pacific, affirmed that although reinsurance market dynamics in Asia have shifted in 2024, discipline is expected to persist as the company continues to...
Posted: Nov 28, 2024
Specialist insurance provider, CFC has announced the launch of a new comprehensive insurance solution which will provide coverage for technology and cyber risks faced by tech businesses with revenues exceeding $250 million. This new product, desig...
Posted: Nov 28, 2024
S&P Global Ratings, a provider of credit ratings, research, and analytics, maintains a stable outlook on the global cyber insurance and reinsurance industry, supported by solid underwriting profitability in 2023 and 2024, with expectations for...
Posted: Nov 28, 2024
Neil Clutterbuck has been appointed as the Chair of Pen Underwriting and an Independent Non-Executive Director of Arthur J Gallagher Holdings (UK) Limited, subject to regulatory approval. Clutterbuck brings a wealth of experience to his new positi...
Posted: Nov 28, 2024
Australian insurer QBE has appointed Jamie Kelly as its Group Chief Compliance Officer, following Ed Rainsford’s recent transition to the role of Chief Risk Officer, AUSPAC. In the new role, Kelly reports to Fiona Larnach, the Group’s Chief...
Posted: Nov 28, 2024
Independent specialist re/insurance broker Miller, has appointed Guy Pierpoint to its Marine team in a leadership role which will see him focus on business development. Pierpoint joined the broker at the beginning of the month, bringing almost fou...
Posted: Nov 28, 2024
Direct Line has unanimously rejected Aviva’s £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm’s standalone value, describing the offer as “highly opportunistic” a...
Posted: Nov 28, 2024
Root, an end-to-end digital insurance platform, has announced the launch of a certified developer community programme that aims to enhance scalability, efficiency, and cost-effectiveness. The programme has been designed to support in-house develop...
Posted: Nov 28, 2024
The UK P&I Club, a provider of protection and indemnity insurance to the global shipping industry, has announced the appointment of Richard Offord as Chief Executive of its Singapore Branch, effective 1 December 2024. Offord succeeds Yiah Soon...
Posted: Nov 28, 2024
Global credit ratings agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Fed Re Ltd. (Fed Re) (Bermuda), with a stable outlook. According to AM Best, the ratings re...
Posted: Nov 28, 2024
Goldman Sachs, a global investment banking, securities, and investment management firm, has analysed the current pricing trends across the UK’s property and casualty (P&C) insurance sector, suggesting that profitable growth opportunities...
Posted: Nov 27, 2024
Near Space Labs, an aerial imagery provider for insurance applications among others, has announced the deployment of stratospheric robots across the United States, which will contribute to delivering improved aerial imagery throughout the country....
Posted: Nov 27, 2024
Destructive flooding recently caused by hurricane Helene highlights an increasing flood risk for local economies and tax bases, notably across the Eastern and Southern United States, says Moody’s Ratings. However, according to analysts, as c...
Posted: Nov 27, 2024
Generative AI (GenAI) presents many ways for organisations to revolutionise their respective industries by enhancing business functions, however, the technology may also open doors for malicious actors to exploit capabilities for cyber attacks, ac...
Posted: Nov 27, 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis, has now published the full video of its ILS Market Outlook 2025 live webinar, during which experts from across the industry dissected the state of the catastrophe bond and...
Posted: Nov 27, 2024
American International Group (AIG), a global insurance company, has appointed Torben Schwierzke as the new Head of Casualty for the DACH region, overseeing the company’s Casualty business in Germany, Austria, and Switzerland. Schwierzke is a...
Posted: Nov 27, 2024
As cyber continues to remain one of the biggest lines of business across the re/insurance industry, there are a number of challenges that the cyber market is currently facing, in light of the recent number of data breaches and major cyber events t...
Posted: Nov 27, 2024
Fitch Ratings has revised Fortitude Re’s outlook to Positive from Stable, citing the firm’s improving profile driven by growth and enhanced diversification across liabilities and geographies, alongside its strong balance sheet. The rat...
Posted: Nov 27, 2024
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced its acquisition of Shepard Insurance Group, based in Old Greenwich, Connecticut. Shepard Insurance is a retail insurance brok...
Posted: Nov 27, 2024
Smart Follow, a technology-enabled underwriting class within insurance group Apollo, has renewed its partnership with Artificial, a provider of digital follow underwriting technology. This partnership will enable Smart Follow to deploy its capacit...
Posted: Nov 27, 2024
As per a new report from S&P Global, the reinsurance market is set to remain extremely important in providing capital and capacity to support further revenue growth in the cyber insurance market. “In our view, reinsurers will remain an i...
Posted: Nov 27, 2024
B.P. Marsh and Partners, a specialist private equity investor in early stage financial services businesses, has further invested $12.6 million in XPT, a US based wholesale insurance broking and underwriting agency platform across the US Specialty...
Posted: Nov 27, 2024