Reinsurance News
Acrisure has announced that Robin Benoit will officially assume the role of Chief People Officer on September 29, 2024, after serving in an interim capacity since March. According to the firm, Benoit will oversee the strategic direction of its hum...
Posted: Sep 27, 2024
The insurance industry is facing a recruitment challenge, driven by an ageing workforce nearing retirement and a dwindling talent pipeline, according to The Re Report by Free Partners LLP, a consulting firm specialising in research and strategic i...
Posted: Sep 27, 2024
With the increase of extreme natural catastrophes, the importance of re/insurance in providing creative risk management solutions for climate-related disasters has become clear despite concerns that some of these risks can be uninsurable, Rupert P...
Posted: Sep 26, 2024
Intangic, a US-domiciled technology risk platform, has appointed Joshua Cryer as Director of Client Solutions. In his new role, Cryer’s remit includes being responsible for Intangic’s client solutions, he reports to Ryan Dodd, Founder and Ch...
Posted: Sep 26, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager globally, has announced the establishment of SRS Italy. Based in Milan, SRS Italy will be the first specialised provider of insurance management services specifically for cap...
Posted: Sep 26, 2024
Global insurance broker Acrisure has expanded its operations with the opening of a new office in Hamilton, Bermuda, focusing on wholesale insurance broking for its global clients. This new capability, trading as Acrisure Bermuda Limited under the...
Posted: Sep 26, 2024
Beazley, the specialist insurer, has revealed AI to be the biggest challenge facing digital health and wellness firms globally as they ramp up its integration into their systems. Beazley’s Digital Health & Wellness 2024 report is a surve...
Posted: Sep 26, 2024
Descartes has appointed Cyril Blin as Principal Underwriter, Technical Risks, and Benjamin Lambert as Senior Credit Underwriting Manager, Credit & Political Risk Insurance (Single Risk). According to the firm, the appointment of these two expe...
Posted: Sep 26, 2024
Demand for disaster relief has surpassed the ‘deductible’ threshold, triggering, for the first time, an insurance payout by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response Emergency Fund (IFRC-DREF). The IFR...
Posted: Sep 26, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Paul Daniel as Head of Global Property Reinsurance, effective October 28, 2024. In his new role, based in London, Daniel will be...
Posted: Sep 26, 2024
West P&I, a global insurance provider for the maritime and offshore industries, has announced the appointment of Cai Xuanlun (XL) as the new CEO of its Hong Kong office, effective December 2024. Xuanlun will take over from Richard Macnamara, w...
Posted: Sep 26, 2024
As the PRA marks the first anniversary of its Secondary Competitiveness and Growth Objective (SCGO), the regulator’s Director of Insurance Supervision, Shoib Khan, has highlighted a series of new initiatives designed to maintain trust in the...
Posted: Sep 26, 2024
The impact of the floods resulting from Storm Boris in Central Europe on rated insurers’ property and casualty (P&C) underwriting performance will be manageable, S&P analysts expect. A slow-moving storm caused days of intense rainfal...
Posted: Sep 26, 2024
Hurricane Helene is in the Gulf of Mexico with maximum sustained winds near 90 mph with higher gusts, and strengthening is expected as it heads towards Florida, currently forecast to make landfall on the Big Bend coast as a major Category 3 storm...
Posted: Sep 26, 2024
Resolution Re, the Bermudian reinsurance platform of global life insurance group, Resolution Life, has entered into a new UK Pension Risk Transfer (PRT) reinsurance deal with a leading UK-regulated insurer. Resolution Life’s other two transactions...
Posted: Sep 26, 2024
CFC, an insurance provider and specialist in emerging risks and cyber insurance, has announced the opening of its first office in Spain. Following its expansion into North America and Australia earlier in 2024, the new Madrid office represents ano...
Posted: Sep 26, 2024
Africa Specialty Risks (ASR), the pan-African and Middle East-focused re/insurance group, has appointed Aurélien Sauty to lead its new Marine and Aviation divisions, as Head of Marine and Aviation. The appointment and strategic expansion further e...
Posted: Sep 26, 2024
The shareholders of PSC Insurance Group Limited have approved Ardonagh’s proposed acquisition, as revealed by the independent insurance broking platform. Back in May, it was announced that Ardonagh had entered into a Scheme Implementation De...
Posted: Sep 26, 2024
Fidelis Insurance Group, the global specialty insurer, has promoted Aoife Woulfe to the role of Chief Underwriting Officer (CUO) of Ireland. Woulfe joined Fidelis in May of this year as Head of Underwriting, Ireland, after spending more than a dec...
Posted: Sep 26, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Peter Ukstins to lead its Construction Risk Engineering team in the Americas. Donna Nadeau, Head of Large Commercial at...
Posted: Sep 26, 2024
Lloyd’s, the specialist insurance and reinsurance marketplace, has partnered with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) in an effort to boost annual guarantee issuance to $20 billion by 2030. For this i...
Posted: Sep 26, 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Ca...
Posted: Sep 26, 2024
Monarch E&S Insurance Services, a Specialty Program Group LLC subsidiary, in partnership with Obsidian Insurance Holdings, an insurance holding company, to launch an enhanced and exclusive personal umbrella policy, the Knight Protector. This c...
Posted: Sep 26, 2024
Applied Underwriters, a provider of insurance solutions, has recently experienced growth, strong underwriting results, and expanded market presence. According to the company’s leaders, these achievements are due to strategic hiring of high perform...
Posted: Sep 26, 2024
Stephen Bennett, Demex Group’s Chief Scientist, a risk analytics and intelligence company offering reinsurance solutions for severe convective storms, is to lead the Industry Advisory Board for a new Cooperative Center for Interdisciplinary...
Posted: Sep 26, 2024