Reinsurance News
SEADRIF Insurance Company has made a payout of US$750,000 to support the eight provinces in Lao PDR devastated by the passage of Typhoon Yagi, which has been called Asia’s most powerful storm this year. According to the announcement, the funds wil...
Posted: Sep 24, 2024
International law firm Mayer Brown has announced that Legal & General’s Tom MacAulay has joined the firm as a partner within its Corporate & Securities practice and Global Insurance Group in London. During his tenure at Legal & G...
Posted: Sep 24, 2024
Global law firm Appleby has announced that Max Tetlow will join its insurance team and corporate practice as Partner, effective 1 November 2024. Brad Adderley, Bermuda Managing Partner, expressed enthusiasm for Tetlow’s return, stating, “We are ex...
Posted: Sep 24, 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has successfully funded and launched a new casualty sidecar facility, designed to provide up to $100 million of capital to finance the casualty re...
Posted: Sep 24, 2024
According to Insuramore analysis, the value of the global market for property and casualty (P&C) insurance rose by 8.6% in 2023, before adjusting for inflation with private P&C lines at 9.2% outgrowing commercial P&C lines with 8.0% fo...
Posted: Sep 24, 2024
West Bend Insurance Company has expanded its partnership with ZestyAI to incorporate more AI-powered risk analytics into its underwriting process. West Bend will now utilise ZestyAI’s property risk platform, Z-PROPERTY, to improve the accuracy of...
Posted: Sep 24, 2024
Global life insurance group Resolution Life has announced the appointment of Ruth Farrugia as Chief Investment Officer, who will succeed Karl Happe as part of a planned transition. Farrugia, a senior finance executive with over 20 years’ experienc...
Posted: Sep 24, 2024
Excess and Surplus lines (E&S) have experienced remarkable growth for five straight years by double-digit percentage rates, mainly due to admitted markets pulling back or exiting markets, according to a recent Triple-I report. Analysts noted t...
Posted: Sep 24, 2024
Global Parametrics, a CelsiusPro Group company, has announced the appointment of Harry Titherley as Business Development Director, a London-based role. Titherley brings extensive experience in parametric re/insurance to his new role. He has a stro...
Posted: Sep 24, 2024
International insurance group Ageas has unveiled Elevate27, a new strategic plan for 2025-2027 aimed at enhancing the company’s performance by focusing on profitable growth, technical insurance leadership, operational excellence, and improving cus...
Posted: Sep 24, 2024
Price Forbes Re has announced the appointment of Oliver Waterhouse as Head of Property Facultative (Fac). Waterhouse will be based in the firm’s London office and will report directly to Nikki Melbourne, Head of Facultative at Price Forbes Re. In...
Posted: Sep 24, 2024
Global insurance broker WTW has appointed Parveen Kaur in the newly created role of Global Leader of Operations, Strategy Execution and Data to Neuron, its commercial digital trading solution. This follows WTW’s commitment to advance the sco...
Posted: Sep 24, 2024
Global specialty insurance and reinsurance broker McGill and Partners has revealed it will be expanding into the Nordics with the opening of a new branch office in Sweden. According to the firm, the new branch will be part of its European entity,...
Posted: Sep 24, 2024
Global insurance and reinsurance broker Aon has launched a new catastrophe model to analyse the impact of increasingly costly Severe Convective Storms (SCS) in the US, which the firm says reflects re/insurers “true exposures” to the pe...
Posted: Sep 24, 2024
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, recently announced the opening of a new office in Milan, appointing Leonardo Castrichino as Country Manager to lead its business i...
Posted: Sep 24, 2024
Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded downgrades for AM Best-rated Asia-Pacific re/insurers in 2023, primarily driven by improved balance sheet strength and favorable operating performance. A new report released by AM Be...
Posted: Sep 24, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Abby Daugherty as Vice President. Daugherty will establish and oversee a new binding office in Phoenix, Arizona. This expansion reinforces CR...
Posted: Sep 24, 2024
Westfield, a US property and casualty insurer, has announced the appointment of Andy Rose as Vice President (VP) of Small Business. In his new role, Rose will lead Westfield’s Small Business division, focusing on driving profitable growth by...
Posted: Sep 24, 2024
Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure comm...
Posted: Sep 23, 2024
Gallagher UK has announced the appointment of Nina Duft in the joint role of Chief Finance Officer (CFO) and Chief Operations Officer (COO) for Europe. Duft is an experienced finance professional with a strong track record in financial reporting,...
Posted: Sep 23, 2024
kWh Analytics, a provider of climate insurance for renewable energy assets, has announced a new $2.4 million partnership with the US Department of Energy’s Solar Energy Technologies Office (SETO) through the Materials, Operation, and Recycli...
Posted: Sep 23, 2024
Global cyber insurtech BOXX Insurance has announced the appointment of Christyn Yoast as President, BOXX USA, to drive expansion and oversee the company’s strategic direction in the United States. Hilario Itriago, the former BOXX USA leader, will...
Posted: Sep 23, 2024
The presence of any data related to an organisation on the dark web increases its risk of cyberattacks, according to a study by Searchlight Cyber and the Marsh McLennan Cyber Risk Intelligence Center. The Center examined Searchlight’s dark web dat...
Posted: Sep 23, 2024
During the first six months of 2024 net income for the US life/annuity (L/A) insurance sector increased by 7.1% over the same prior year period to $14.1 billion, driven primarily by lower realised capital losses, according to a new report from AM...
Posted: Sep 23, 2024
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has appointed HDI Global’s Nuno Antunes as Global Head of Multinational Services, and Ning Xu as Manager, Multinational Network Partners. A renowned veteran...
Posted: Sep 23, 2024