Reinsurance News
Miller, an independent re/insurance broker, has announced the appointment of David Randle as Head of Commercial Business Development for its Sports and Entertainment division, who will report to Tim Nagle, Head of Sports at Miller. With over 40 ye...
Posted: Sep 30, 2024
After Hurricane Helene, a Category 4 storm with 140 mph winds made landfall in Florida’s Big Bend on Thursday evening, reviving the quiet hurricane season, analysts at Moody’s have placed the total property damage at between $15 billion and...
Posted: Sep 30, 2024
Following hurricane Helene’s landfall last week as a Cat 4 storm on the Big Bend area of Florida, Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re, has said that economic losses will be well above $10 billion and that th...
Posted: Sep 30, 2024
Liberty Mutual Insurance’s Tim Sweeney, President and Chief Executive Officer (CEO), has announced that Jeff Dailey, formerly Chairman, President and CEO of Farmers Group, Inc., and Linda Mantia, formerly Senior Executive Vice President and...
Posted: Sep 30, 2024
Insurance industry wind and storm surge losses from the impacts of hurricane Helene, the most powerful storm to hit the Big Bind region of Florida, have been estimated at between $3 billion and $5 billion by catastrophe risk modeller, CoreLogic. H...
Posted: Sep 30, 2024
Global Atlantic Financial Group, an insurance provider specialising in retirement and life insurance for both individuals and institutions, has announced the immediate appointment of Emily LeMay as Chief Operations Officer and Jason Bickler as Chi...
Posted: Sep 30, 2024
Sollers, a consulting firm specialising in digital transformation, and Ipsos, a market research company, have recently conducted a survey that highlights how banks are not fully leveraging the potential of bancassurance. According to their finding...
Posted: Sep 30, 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has restructured its leadership team with senior appointments effective October 1st, 2024. Seth Johnson will become the Chief Executive Officer (CEO) of RT Binding Authority. He...
Posted: Sep 30, 2024
Bishop Street Underwriters, the multi-boutique insurance platform owned by RedBird Capital Partners, has announced that it has made a strategic equity investment in Verve Services, a full-service auto insurance managing general agency (MGA). This...
Posted: Sep 27, 2024
The importance of working with local re/insurers in CEE countries like Poland is crucial to improve capacity, especially with big infrastructure and energy projects ahead, Tomasz Libront, CEO of Smartt Re, commented in a recent interview with Rein...
Posted: Sep 27, 2024
Amphitrite Underwriting London, a specialist in marine MGA, has announced the appointment of Fadi Faysal as Cargo Underwriter. Faysal, who will be working with Scott Sykes, Head of Cargo, brings over 15 years of extensive global experience in both...
Posted: Sep 27, 2024
US life/annuity (L/A) insurers have doubled their ceded reserves to $1.74 trillion between 2016 and 2023 driven by strong annuity growth on higher interest rates with an increasingly larger portion headed offshore, an AM Best report has disclosed....
Posted: Sep 27, 2024
Euclid Mortgage, an independent managing general underwriter specialising in mortgage (re)insurance, has appointed Ken Bjurstrom as Chief Risk Officer, bringing over 35 years of expertise in mortgage risk analytics and advisory services to his new...
Posted: Sep 27, 2024
FloodFlash’s UK clients with parametric coverage have been promptly notified that their claims are in progress following recent rainfall-related floods, ensuring a seamless claims process. Clients benefit from FloodFlash’s accurate flood readings...
Posted: Sep 27, 2024
Guidewire, a provider of software solutions for the property and casualty (P&C) insurance industry, announced that Mark Anquillare has been appointed to its Board of Directors, effective September 23, 2024. Michael Zeller, Chairman of the Boar...
Posted: Sep 27, 2024
Broking group Aon has revealed a market loss estimate for the Central Europe Flooding in September 2024, caused by Storm Boris, of €1.65 billion. According to the firm’s Event Response report, the deadly flooding resulted from an extreme amo...
Posted: Sep 27, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Mark Flanagan as the Head of Property & Casualty, Bermuda, reporting to Noel Pearman, Chief Underwriting Officer, Bermuda within AXA...
Posted: Sep 27, 2024
Antimicrobial resistance (AMR), referred to as “the silent pandemic” by World Health Organisation (WHO), is an evolving risk with the potential to severely disrupt healthcare systems worldwide; a challenge that needs increased awareness and...
Posted: Sep 27, 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Winnie Chu as Head of Financial Lines Underwriting, Asia, and Joshua Lynch as Head of Business Development, Asia, both effective Sept...
Posted: Sep 27, 2024
Helios Underwriting has reported that gross written premiums (GWP) increased to £230 million in the first half of 2024 on the back of 65% growth of the capacity portfolio to £512 million for the 2024 underwriting year. The investment company, who...
Posted: Sep 27, 2024
RISCS CWC, an independent consultancy providing innovative captive & ART strategic risk advice to clients, has appointed Darlington Munhuwani as a Partner to work alongside existing Cape Town-based Partner, David Rose Innes to support the deve...
Posted: Sep 27, 2024
The Fidelis Partnership’s wholly-owned subsidiary Pine Walk Capital Limited has launched its latest MGA, Seraphina. Seraphina will reportedly write a broad portfolio of International Property business, “complementing and diversifying&#...
Posted: Sep 27, 2024
Global reinsurer Active Re strengthens its presence in the Caribbean with the opening of new offices on Barbados, a significant step in the company’s branding strategy. By establishing a local team dedicated to addressing the unique requirements o...
Posted: Sep 27, 2024
Milliman, a global consulting and actuarial firm, has announced that its Chair of the Board, Ken Mungan, will retire in early 2025 after completing a full 10-year, term-limited tenure. Mungan’s leadership has been marked by significant growth, exp...
Posted: Sep 27, 2024
Hurricane Helene made landfall in the Big Bend region of Florida shortly after 11pm local time on Thursday night as a powerful Category 4 storm, with maximum sustained winds of 140 mph Helene is reportedly the strongest storm on record to make lan...
Posted: Sep 27, 2024