Reinsurance News
According to the latest forecasting report by the Insurance Information Institute (Triple-I) and collaborating partner, Milliman, the first-half economic and underwriting results for the US property and casualty (P&C) industry were better than...
Posted: Oct 11, 2024
Altus Consulting, a specialist in Financial Services Management Consultancy, has released a whitepaper titled All Aboard for Modernisation: Next Stop Underwriting, which discusses the insurance industry’s imminent next phase of modernisation...
Posted: Oct 11, 2024
A new integrated insurance and asset management platform has been created through the strategic combination of investment company Westaim, global institutional asset manager Arena, and Ceres Life, a cloud-native, highly scalable annuity platform t...
Posted: Oct 11, 2024
J.P. Morgan’s equity analyst team have stated that hurricane Milton is likely to have exhausted much of catastrophe budgets for Q4’24 in general, with the remainder of the quarter yet to come. Ultimately, analysts noted that they see t...
Posted: Oct 11, 2024
InsurTech Intelligent AI has partnered with the Building Cost Information Service (BCIS) to launch a new AI-driven property rebuild cost platform. The Intelligent Rebuild Cost Platform (IRCP) was developed through Lloyd’s Lab in collaboratio...
Posted: Oct 11, 2024
S&P Global Ratings, a provider of credit ratings and financial analytics, is closely monitoring the situation surrounding Hurricane Milton. The organisation believes that Florida has effectively strengthened its reserves and liquidity in prepa...
Posted: Oct 11, 2024
Marsh, the insurance broking and risk advisory subsidiary of Marsh McLennan, has appointed Will Thomas-Ferrand as International Practice Leader, Marsh Captive Solutions, a London-based role. He will assume the leadership of Marsh’s captive insuran...
Posted: Oct 11, 2024
International insurance group Ageas has confirmed that it has entered into exclusive negotiations to ink two major deals with Saga plc, a UK specialist provider of products and services to people aged over 50. The proposed transaction would see bo...
Posted: Oct 11, 2024
Commercial property insurer, FM Global which recently rebranded as FM, has received an upgrade in its financial strength rating to ‘AA-’ from ‘A+,’ by S&P Global Ratings, reflecting its ‘very strong’ competitive profile, innovative risk engine...
Posted: Oct 11, 2024
MIC Global (MIC) intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 (S3456), subject to applicable approvals, a strategic move that marks a strengthening of the partnership between both companies. MIC is focused on embedding...
Posted: Oct 11, 2024
The Ardonagh Group has confirmed it has completed the acquisition of PSC Insurance Group Limited. As per the insurance broking platform, the completion of this acquisition in the APAC region sees PSC’s operations in Australia and New Zealand now c...
Posted: Oct 11, 2024
Lloyd’s of London, the specialist insurance and reinsurance marketplace, has added Jane Warren of Liberty Corporate Capital Limited, to the Lloyds Council and announced her election as a Corporate External Member of the Council. According to...
Posted: Oct 11, 2024
According to Fitch Ratings, Hurricane Milton is not likely to affect credit for its rated P&C insurers and global reinsurers given very strong capital levels, though Florida property insurance specialists are vulnerable to the extent the hurri...
Posted: Oct 11, 2024
Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group, has announced the appointment of Amit Khilosia as Chief Distribution Officer, an UK-based role. In his new role, Khilosia will lead ASR’s distribution efforts...
Posted: Oct 11, 2024
With Hurricane Milton’s insured losses likely to be more modest than initially feared, the equity analyst team at Jefferies has suggested that it will probably be a large earnings event and is not expected to drive up property reinsurance ra...
Posted: Oct 11, 2024
To enhance the operational safety of its aviation clients, global insurance provider HDI has established a collaborative partnership with the Flight Safety Foundation’s Basic Aviation Risk Standard (BARS) Program. As a BARS Member Organizati...
Posted: Oct 11, 2024
A new report from Moody’s has suggested that insured losses from Hurricane Milton will affect both primary insurers and the reinsurance sector, with the proportion of losses ceded to reinsurers increasing as losses increase. Milton made land...
Posted: Oct 11, 2024
Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The rep...
Posted: Oct 11, 2024
Independent specialist insurance and reinsurance broker Miller has promoted Tim Nagle as Head of Miller Europe. Nagle joined the broker in 2020, his additional responsibilities will include building on his relationships with Miller’s European part...
Posted: Oct 11, 2024
After Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky shared encouraging updates regarding the state’s property insurance market. Recent announcements from Progressive, State Farm, and the...
Posted: Oct 11, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointments of three new professionals to its team. Sam Sigmon has been appointed as an underwriter in CRC Group’s Dallas, TX (Walnut Hill) office. He join...
Posted: Oct 11, 2024
Distinguished Programs, a national insurance program manager, announced an expanded partnership with Berkley Program Specialists, to underwrite its Community Associations Crime and D&O products. Starting January 1, 2025, Distinguished will ini...
Posted: Oct 11, 2024
AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the...
Posted: Oct 10, 2024
Howden Re, the reinsurance arm of Howden, has announced the hire of Grange Turner and Tom Finch who will be joining its Motor Reinsurance and Prospective Capital Solutions, respectively. Sebastian Cook, Deputy CEO, Howden Re International, comment...
Posted: Oct 10, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Emma Crookes as Global Head of the insurance vertical. The insurance vertical delivers Aon’s full range of capabilities to re/insurance clients, offering relevant insight...
Posted: Oct 10, 2024