Reinsurance News
ACORD Solutions Group, a provider of digital solutions for the global insurance industry, has appointed industry veteran James Pring as the company’s Director of Business Development, where he will lead strategic direction for the organisationR...
Posted: Nov 21, 2024
Most risk leaders (80%) are concerned about their organisation’s capability to respond adequately to risks that might emerge in the next decade, as only two in ten (20%) believe in their companies’ resilience, a recent WTW survey has reveale...
Posted: Nov 21, 2024
Markel, the insurance division of Markel Group Inc., has announced the appointment of David Pressman as Senior Underwriter, Marine Cargo, effective immediately. In his new role, Pressman will contribute to the strategic growth of Markel’s Ma...
Posted: Nov 21, 2024
Heading into the January 1 renewals, unless there’s a major catastrophe, property and casualty (P&C) reinsurance prices are expected to decline, according to analysts at Morgan Stanley. The 2025 reinsurance market outlook is shaped by a...
Posted: Nov 21, 2024
RSA Luxembourg S.A. (RSAL) has announced that Lynn O’Leary, following a successful two-year stint as Chief Executive Officer (CEO) Luxembourg, will return to the US to oversee Intact’s Specialty Lines business as President, US, in the first quarte...
Posted: Nov 21, 2024
In the third quarter of 2024, premiums across all account sizes rose by 5.1% within the commercial property and casualty (P&C) insurance market, roughly the same as the 5.2% recorded in the previous quarter, according to The Council of Insuran...
Posted: Nov 21, 2024
Cyber threats, climate change, and business interruption (BI) are the top risk concerns among key marketplace segments in the insurance industry, according to a new survey by Munich Re America and Triple-I. The RiskScan 2024 survey highlights key...
Posted: Nov 21, 2024
Managing general agent (MGA) Optio Group has completed the acquisition of Netherlands and Brussels based MGA Den Hartigh Beheer & Exploitatie B.V., a specialist in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of p...
Posted: Nov 21, 2024
Global professional services firm Aon has appointed Magnus Roe as its Global Chief Data and Analytics officer, supporting the firm’s strategy to enhance commercial solutions through advanced analytical capabilities. Based in Singapore, Aon’s globa...
Posted: Nov 21, 2024
Reinsurance Group of America (RGA) and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), have entered into a $5.4 billion coinsurance transaction, including $2.4 billion of long-term care (LTC) reserves. The transaction incl...
Posted: Nov 21, 2024
Latin American insurance growth is projected to decelerate in 2025, with total insurance premiums in the region expected to grow 3.8% in real terms, down from an estimated 7.6% in 2024, according to a new report from Swiss Re Institute. The firm...
Posted: Nov 21, 2024
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the election of Kristy Furrer as Chairwoman of its Board of Directors. Furrer, who is Senior Vice President at Woodruff Sa...
Posted: Nov 21, 2024
Coalition, an active insurance provider aimed at preventing digital risks before they occur, has released its 2024 Cyber Claims Report: Mid-Year Update, which highlights new trends in cyber threats and their effects on Coalition policyholders in t...
Posted: Nov 21, 2024
CFC, an insurance provider specialising in cyber risk, has expanded its rapidly growing transaction liability team by appointing Janine Fenwick as Transaction Liability Practice Leader, Asia Pacific (APAC). Based in Melbourne, Fenwick will provide...
Posted: Nov 21, 2024
A recent report by AM Best maintains its estimate of ultimate net asbestos losses at $100 billion and environmental losses at $46 billion, based on year-end 2023 data. AM Best observed that while incurred losses rose slightly in 2023, paid losses...
Posted: Nov 21, 2024
Global data analytics and technology provider, Verisk has introduced LOCATION® Property Protection Score™ (PPS), which provides insurers with a score that reflects the fire protection capabilities at a specific address level. This score helps insu...
Posted: Nov 20, 2024
Insurance holding company Delphi has announced the appointment of Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer. In his new role, Lebovits will leverage his over 20 years of experience with major investment firms and glo...
Posted: Nov 20, 2024
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its “2024 Cyber Risk Index: Startup Edition,” revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilie...
Posted: Nov 20, 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of certain assets of EBA Services LLC dba AnchorGroup. Kiehl Hutchings from AnchorGroup will join NFP as Vice President of Benefits and will r...
Posted: Nov 20, 2024
Technosylva, a provider of wildfire simulation modeller, risk analysis, and operational response software solutions, has acquired global catastrophe modelling software company, KatRisk. The pair will now offer an integrated approach for risk asses...
Posted: Nov 20, 2024
Global broker WTW has announced a partnership with Kayna, an embedded insurance infrastructure platform, and Vibrant to support third-party vendor cybersecurity insurance compliance. US-based vertical SaaS platform Vibrant manages third-party vend...
Posted: Nov 20, 2024
Specialty insurer MS Transverse Insurance Group has announced the appointment of Tanya Korobeinikova as Senior Vice President (SVP), Ceded Reinsurance. Korobeinikova brings more than 20 years of industry experience, specialising in underwriting, p...
Posted: Nov 20, 2024
DWF, a provider of combined legal and business services, has announced an agreement to recruit the London market team from Australian law firm Hall & Wilcox, with the move set to take effect by May 2025 at the latest. The team, led by Matt Cur...
Posted: Nov 20, 2024
United Insurance Brokers (UIB) Group has announced the official opening of a new representative office in Kathmandu, Nepal, as part of its ongoing expansion in Asia. With regulatory approvals from the Monetary Authority of Singapore and the Nepal...
Posted: Nov 20, 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since Februa...
Posted: Nov 20, 2024