Reinsurance News
Placing Platform Limited (PPL) has launched its new Express Contract functionality, a fast-track process that makes it quicker and easier for brokers to bind risks. In pre-launch testing, the time taken to create a single contract placement was si...
Posted: Sep 23, 2024
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has expanded Hassan Karim’s role to Head of Customer & Distribution Management for Asia Pacific (APAC) and appointed Devpriya Misra as Client Solutions Lead. Bef...
Posted: Sep 23, 2024
WISE Insurance Services recently announced that Yubeom Kim has joined its reinsurance team as Director. In a recent LinkedIn post, Won Lee, Head of Reinsurance at WISE, expressed enthusiasm for Kim’s appointment, stating, “We are excited about the...
Posted: Sep 23, 2024
Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings refl...
Posted: Sep 23, 2024
Howden, the insurance intermediary group, has launched the Howden Resilience Laboratory, a digital innovation hub designed to transform how clients evaluate and manage climate risks. Developed by Howden and powered by Microsoft’s cloud services–Az...
Posted: Sep 23, 2024
Broking group Aon has selected Jon Pipe as Head of Commercial Risk, Asia with effect from November 2024. Pipe has 18+ years of experience with Aon, and has worked within the London, Hong Kong and Indonesia markets. In April 2019, he relocated to I...
Posted: Sep 23, 2024
The Fidelis Partnership has completed a “landmark” $2 billion refinancing transaction from Blackstone Credit & Insurance, Oak Hill Advisors, Barings, PNC and Barclays. According to the firm, the transaction will support its growth...
Posted: Sep 23, 2024
Lloyd’s global re/insurer MS Amlin has hired Direct Line Group’s Emma Snowdon as Head of Capital Management and Investments, where she will be based in London, reporting to Chief Finance Officer, Jessie Burrows. As Head of Capital Mana...
Posted: Sep 23, 2024
Zurich-based catastrophe insurance data provider PERILS AG and CyberAcuView have announced the expansion of the US Cyber Industry Loss Index with unintentional (‘accidental’) loss events commencing 1 October 2024. Since launching in September 2023...
Posted: Sep 23, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Debbie Goldstine as Chief Growth Officer, Global Partners, based in Chicago, working with clients, markets and colleagues globally. Goldstine joins Lockton Re from...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to $800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at compet...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to NZ$800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at comp...
Posted: Sep 23, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Rébiah Bardot-Girard and Jarek Klimczak to its Risk Consulting Leadership Team. Bardot-Girard, who has been part of A...
Posted: Sep 23, 2024
Ebix Inc., a provider of on-demand software and e-commerce solutions for industries including insurance, finance, healthcare, and e-learning, has announced that it has successfully completed its Chapter 11 restructuring. The company has emerged wi...
Posted: Sep 23, 2024
Homeowners and renters insurance costs have now surpassed both the rate of inflation and the average rate increases experienced by auto insurance customers, according to the J.D. Power 2024 US Home Insurance Study. Data from the report shows that...
Posted: Sep 23, 2024
MSIG Insurance, a provider of general insurance solutions in Asia and part of the MS&AD Insurance Group, has introduced CriticalCare Plus, a new health policy covering five major critical illnesses: cancer, heart attack, stroke, Parkinson’s di...
Posted: Sep 23, 2024
As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one bil...
Posted: Sep 20, 2024
Lloyd’s syndicate AEGIS London has recruited Jeremy Smart as a Class Underwriter within its International Casualty team, reporting to Stephen Merrick. In his new role, Smart will be responsible for a mix of territories with an emphasis on Au...
Posted: Sep 20, 2024
Ambac Financial Group’s London-based subsidiary and underwriting franchise, Beat Capital Partners and market veteran, Doug Karpp will launch proRISE Insurance Services (proRISE) on October 1st, 2024, which will specialise in management and profess...
Posted: Sep 20, 2024
Tokio Marine HCC International (TMHCCI), is strengthening its Marine Special Risk team with the appointment of Victoria Fox as Marine Special Risks Senior Underwriter. She will be taking over her new role with immediate effect. TMHCCI launched the...
Posted: Sep 20, 2024
With Generali’s European flood per event reinsurance coverage kicking in after a €300 million attachment, the insurer could make a reinsurance recovery on Storm Boris as analysts at Goldman Sachs forecast losses for the firm to be between €300 and...
Posted: Sep 20, 2024
The recent severe flooding that impacted Central Europe as a result of continuous rain from September 12-16 is expected to become one of the costliest events on record for the region, with billions of EUR in total losses, according to global re/in...
Posted: Sep 20, 2024
ERGO, Munich Re’s primary insurance business, has announced that Theo Kokkalas will be responsible for ERGO’s international business and Oliver Willmes will be responsible for ERGO’s activities in Germany, effective January 1, 20...
Posted: Sep 20, 2024
Managing general agency South Shore Insurance Underwriters (SSIU) has announced the acquisition of Linneman Specialty Insurance (LSI), as part of the MGA’s expansion plans to the US West Coast. LSI, founded by the late John Linneman and current pr...
Posted: Sep 20, 2024
Pivix Specialty Insurance Services Inc. (Pivix), a managing general agency with a particular focus on the Excess and Surplus (E&S) lines market, has officially launched its operations. Pivix is an E&S platform that offers property and casu...
Posted: Sep 20, 2024