Reinsurance News
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
Reinsurance giant Swiss Re still positions sustainable infrastructure as being “super attractive” as an asset class, despite it still not being deemed as being an official asset class, according to Jérôme Jean Haegeli, Swiss Re’s Group...
Posted: Nov 20, 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium ter...
Posted: Nov 20, 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director...
Posted: Nov 20, 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will le...
Posted: Nov 20, 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97...
Posted: Nov 20, 2024
Rokstone, a global specialty re/insurance MGA under the Aventum Group, has announced the launch of Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. The initiative begins with a global facility of USD 10 million, offering c...
Posted: Nov 20, 2024
Despite losses from hurricanes Helene and Milton in the second half of the year, underwriting profit margins remain strong for reinsurers and 2024 is poised to be another solid year for the sector, leading ratings agency AM Best to maintain its po...
Posted: Nov 20, 2024
London market technology specialists Ebix Europe has announced the appointment of industry veteran Jeff Ward as its new Sales Director, effective immediately. In his new role, Ward will focus on Ebix Europe’s three flagship products – PlacingHub,...
Posted: Nov 20, 2024
Fannie Mae, a government-sponsored enterprise and provider of mortgage financing in the United States, has completed a new Credit Insurance Risk Transfer transaction, CIRT 2024-H3, transferring $160.9 million of mortgage credit risk to private ins...
Posted: Nov 20, 2024
Distinguished Programs, the national insurance program manager, has appointed Darryl Proniuk as Vice President, National Agency Sales for the firm’s Fine Art and Collectibles program. In the role, Proniuk will be expected to cultivate relati...
Posted: Nov 20, 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in...
Posted: Nov 20, 2024
AnchorWatch, an insurer specialising in bitcoin custody, has received a Lloyd’s of London Coverholder position. This milestone solidifies AnchorWatch’s position in the emerging market of insured bitcoin custody solutions. The firm will officially...
Posted: Nov 20, 2024
VOOM Insurance, a company specialising in InsurTech and developing usage-based insurance solutions for the evolving mobility landscape, has appointed Thomas Coyne as Head of Insurance. With more than 30 years of experience in the property and casu...
Posted: Nov 20, 2024
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason D...
Posted: Nov 19, 2024
Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets. By leveraging Talaria’s credit underwriting algorithms and financing c...
Posted: Nov 19, 2024
October storms in Southern British Columbia, Canada, resulted in over $110 million in insured damages, as per initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). In response to these escalating costs, insurers urge the fede...
Posted: Nov 19, 2024
India-domiciled insurtech InsuranceDekho has bolstered its senior leadership team with the appointments of Navneet Bhatt as Chief Business Officer, Vivek Aggarwal as Head of Finance (Vice President), and the promotion of Aman Batra to Chief Strate...
Posted: Nov 19, 2024
Delos Insurance Solutions, a property insurance MGA, has announced the appointment of Gloria Hendrickson as its new Head of Reinsurance. In her new role, Hendrickson will focus on securing reinsurance capacity for new programs and strengthening re...
Posted: Nov 19, 2024
In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through ef...
Posted: Nov 19, 2024
The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change. Arthur Wightman, PwC Territory Leader, opened the summit...
Posted: Nov 19, 2024
Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provi...
Posted: Nov 19, 2024
Placing Platform Limited (PPL) has introduced its new underwriter dashboard to help users manage high volumes of business activity on the platform. Functioning like a worklist, the updated dashboard structure and user interface will help underwrit...
Posted: Nov 19, 2024
Carrow Insurance, a newly launched Managing General Agent (MGA), has entered the European mid-market insurance sector under the leadership of Ronan Conboy, former CEO of AmTrust International. The company specialises in Warranty, Accident & He...
Posted: Nov 19, 2024