Reinsurance News
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
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has promoted Tom Quy to Managing Director, effective January 1, 2025. He succeeds John Sutton, who will transition into a new role as a consultant, providing strateg...
Posted: Nov 19, 2024
Lara Desay has been appointed as the Head of Risk Transfer at Hymans Robertson, a pensions and financial services consultancy. Desay brings extensive expertise in the risk transfer market, having joined Hymans Robertson in 2022 as a Partner. Prior...
Posted: Nov 19, 2024
Sompo Holdings’ international overseas insurance/reinsurance business has reported an adjusted profit of $652 million in the first half of 2024, an increase of $88 million from the $564 million reported in the same period last year. The comb...
Posted: Nov 19, 2024
As per a new report from the Swiss Re Institute, total global insurance premiums are set to grow at 2.6% annually in 2025 and 2026, primarily driven by life insurance, which is forecast to expand by 3% per year, more than double the rate of the pa...
Posted: Nov 19, 2024
HDI Global has appointed Tom Major as Chief Claims Officer, UK and Ireland, effective from February 7, 2025, who will join the firm’s Executive team, reporting to Stephanie Ogden, Chief Executive Officer, UK and Ireland. Major will join the...
Posted: Nov 19, 2024
Specialist managing general agent (MGA) Aqueous Underwriting has obtained major new capacity in a three-year deal with insurers Allied World and Sompo. From what Reinsurance News understands, the move to a syndicated capacity arrangement will prov...
Posted: Nov 19, 2024
Switzerland-domiciled MS Reinsurance has reported an insurance service profit of £138 million in its half-year 2024 results, up 41% from the same period last year, while its combined ratio also improved to 90.2%. The above figures were strengthene...
Posted: Nov 19, 2024
ACORD, the standards organisation for the global insurance sector, has released a unified life insurance application aimed at enhancing efficiency and accuracy for both insurers and distributors. This application, now approved by the Interstate In...
Posted: Nov 19, 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-domiciled regional reinsurance broking and advisory business. The transaction is ex...
Posted: Nov 19, 2024
West P&I Club, a global insurance provider for the maritime and offshore industries, has opened a new office in Dubai’s International Financial Centre (DIFC), located in Central Park Towers. This marks West’s seventh office worldwide, joining...
Posted: Nov 19, 2024
AM Best, the global credit ratings agency, has revised the outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Tokio Marine...
Posted: Nov 19, 2024
Global professional services firm Aon has launched its Cyber Risk Analyzer, a digital application allowing risk managers to make technology-enabled decisions to mitigate cyber risk. According to the firm, the Cyber Risk Analyzer provides clients a...
Posted: Nov 18, 2024
Following an active electoral year worldwide, Allianz has announced the launch of “Power of Unity,” a global program aimed at restoring trust in societal institutions and fostering confidence in a better economic future. According to Allianz Resea...
Posted: Nov 18, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Brian Gillin to its Cyber Reinsurance Solutions team as Managing Director – Cyber, Reinsurance, a New York based role. Gillin brings to his new role extensive exper...
Posted: Nov 18, 2024
Nuveen, the investment manager of TIAA, is collaborating with a coalition of state regulators in the US to develop strategies designed to pair capital from insurance companies and other sources for positive social and environmental impact. The sta...
Posted: Nov 18, 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Nicholas Selff as Head of Underwriting for Asia, effective immediately. He joins the organisation from Chubb where he most recently s...
Posted: Nov 18, 2024
Zug, Switzerland-based reinsurer SIGNAL IDUNA Reinsurance Ltd. (SI Re) has appointed Dr. Arnold Löw as its new Chief Executive Officer, with Bertrand R. Wollner remaining in the role until his retirement on April 30, 2025, and Dr. Löw taking over...
Posted: Nov 18, 2024
In a recent report by RBC Capital Markets, a financial services firm specialising in analysing the impact of political, economic, and regulatory developments across various sectors, titled Insurance Observations, the firm examines the potential im...
Posted: Nov 18, 2024
Global advisory, broking, and solutions company WTW has appointed Ashley Hart as Cyber Leader for Private Equity and Transactional Solutions (PE&TS), Corporate Risk and Broking, North America (CRB NA). As the Cyber Leader, Hart will be respons...
Posted: Nov 18, 2024
Analysts at BofA Securities are forecasting a multi-year pricing cycle for Australian personal lines insurers, which will be primarily driven by concerns surrounding the impacts of climate change and rising peril exposures. The firm highlighted ho...
Posted: Nov 18, 2024
In a new circular, The Insurance Authority of Saudi Arabia has issued new rules on reinsurance cessions, requiring local insurers entering into reinsurance agreements to offer 30% of the overall cession to domestic reinsurers first. Effective Janu...
Posted: Nov 18, 2024
AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and a...
Posted: Nov 18, 2024
RSA Insurance, a provider of commercial insurance, has launched a Climate Professionals Professional Indemnity (PI) insurance product. This is the first offering in the UK specifically designed for companies and consultants advising on sustainabil...
Posted: Nov 18, 2024