Reinsurance News
Cayman Islands domiciled reinsurer Greenlight Capital Re, Ltd. has reported a higher combined ratio of 95.9% for the third quarter of 2024 compared to last year’s 91.2% on the back of elevated losses from catastrophes, although net income increase...
Posted: Nov 05, 2024
Kettle, an AI-enabled insurance and reinsurance provider for commercial property owners in areas affected by catastrophic climate events, has appointed Isaac Espinoza as CEO. Espinoza holds nearly two decades of experience in the industry, having...
Posted: Nov 05, 2024
Global insurer AIG has reported a 77% year-on-year decline in net income to $459 million for the third quarter of 2024, driven primarily by a reduction in net income from discontinued operations following the deconsolidation of Corebridge, while i...
Posted: Nov 05, 2024
In line with its strategic decision to withdraw from iptiQ, Swiss Re has agreed to sell the digital insurer’s European P&C business to Allianz Direct, the pan-European online insurer of Allianz Group. iptiQ is a carrier based in Luxembou...
Posted: Nov 05, 2024
RiverStone International, a provider of legacy solutions, has announced the appointment of Nicola Gaisford as Head of M&A – UK & Europe. Gaisford has been with RiverStone since July 2023, joining as Associate Director of M&A Stra...
Posted: Nov 05, 2024
Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, For...
Posted: Nov 05, 2024
Global reinsurance giant Swiss Re continues to see increased demand for property insurance and reinsurance protection in Japan amid elevated large natural catastrophe threats and the impact of inflation, and with little sign of a significant influ...
Posted: Nov 05, 2024
Price Forbes Singapore has announced the appointment of Jennifer Gray as Director of Professional Risks and Healthcare. In her new role, Gray will focus on managing and growing Price Forbes’ professional lines and healthcare portfolio, drivi...
Posted: Nov 05, 2024
Pacific Life Re and Kakao Pay Insurance, a South Korean fintech-led digital non-life insurer, have signed a Memorandum of Understanding (MoU) to provide life insurance solutions in South Korea. According to Pacific Life Re, this partnership combin...
Posted: Nov 05, 2024
In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan...
Posted: Nov 04, 2024
Using its synthetic aperture radar (SAR) satellite constellation to track the recent severe flooding in southeastern Spain, ICEYE estimates that over 2,600 buildings have been affected. For those unaware, flash floods in Spain have killed over 200...
Posted: Nov 04, 2024
INTERprotección, the largest insurance broker in Latin America, has opened its new office in São Paulo, Brazil, reinforcing the company’s commitment to offer a close and personalised service across the Brazilian market, as well as continuing...
Posted: Nov 04, 2024
Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes,...
Posted: Nov 04, 2024
Analysts at Deutsche Bank expect fairly limited direct impacts to European insurers from tomorrow’s US election but sees some potential implications for carriers in the US, including a possible post-election M&A rebound. The polls sugges...
Posted: Nov 04, 2024
Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $283 million for the third quarter of 2024 compared to the $258 million seen in the comparative prior year quarter. The insurer also reported its P&C segment saw...
Posted: Nov 04, 2024
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Paul Bradbrook as UK Chief Financial Officer. Bradbrook brings nearly three decades of industry experience to his new role, particularly in senior finance p...
Posted: Nov 04, 2024
Ebix Europe, a London-based technology specialist, has introduced a new suite of data-first features for its digital placing platform, PlacingHub, to support market modernisation. Launched earlier this year, PlacingHub is Ebix Europe’s electronic...
Posted: Nov 04, 2024
Melanie Windirsch has been appointed the new Head of International Programmes (IP) at HDI Global SE. She succeeds Dr Dirk Höring, who held the position before being promoted to the HDI Global SE Executive Board in April. Dr Kuhnt, COO and CIO of H...
Posted: Nov 04, 2024
Steadfast Group, the parent company to a range of broking and underwriting operations, including reinsurance broker Steadfast Re, has announced plans to expand its London office as the company is seeing increasing demand for placing business into...
Posted: Nov 04, 2024
GAREAT, the French terrorism risk insurance pool, is sponsoring its first catastrophe bond, Athéna I Reinsurance DAC, to diversify its sources of reinsurance risk capital, as reported by our insurance-linked securities (ILS) focused sister publica...
Posted: Nov 04, 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the appointment of Nathan Adams as its Chief People Officer, effective early 2025. In his new role, Adams will report to John Neal, Chief Executive Officer of Lloyd’s, and wi...
Posted: Nov 04, 2024
Insurance broker Marsh and We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, have launched a new insurance facility to help businesses tackle rising risks associated with carbon credit certificate fra...
Posted: Nov 04, 2024
According to Chaucer, a specialty re/insurance group, the current period of significantly low political protests and demonstrations in Latin America may be coming to an end. Data indicates that the number of protests in the region decreased by 26....
Posted: Nov 04, 2024
Global professional services firm Aon has revealed that Simon Clapham has joined the firm as chief underwriting officer for Aon Underwriting Managers (AUM). Clapham reportedly holds extensive experience in the insurance industry, having previously...
Posted: Nov 04, 2024
Zurich-based catastrophe insurance data provider PERILS AG has released its initial industry loss estimate for the floods in Central Europe and Italy during the period of 14 to 20 September 2024, pegging the total at €1.886 billion. As a reminder,...
Posted: Nov 04, 2024