Reinsurance News
Broker Insights has announced that six years after its launch, brokers have uploaded £5.5 billion of Gross Written Premium (GWP) to its Vision platform, with a target of reaching £6 billion by the end of the year. Vision will now provide insights...
Posted: Sep 19, 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a glo...
Posted: Sep 19, 2024
Rokstone, part of the Aventum Group, has made two key appointments within its recently announced US Casualty division, with Ben Baker joining the team as Deputy Head of US Casualty and Alex Fitzpatrick as a Senior Underwriter. Both appointees are...
Posted: Sep 19, 2024
Global insurer American International Group, Inc. (AIG) has named Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21st, 2024. Walsh will be based out of New York and reports to AIG Chairman & Chief Execut...
Posted: Sep 19, 2024
Reinsurance trading platform Supercede has revealed a significant upgrade of its platform to provide easy access to risk data and mirror the internal workflow of insurers. According to the firm, this platform update marks a significant milestone i...
Posted: Sep 19, 2024
French reinsurer CCR Re has announced that on January 16th, 2025, its name will officially change to Arundo Re, roughly 18 months after a consortium comprised of SMABTP and MACSF completed the acquisition of a majority shareholding in the firm. Fo...
Posted: Sep 19, 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company’s Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to fa...
Posted: Sep 19, 2024
Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group an...
Posted: Sep 19, 2024
Concirrus, a provider of AI-powered maritime insurance solutions, has entered into a partnership with the 90 North Foundation, in a move that reinforces the company’s dedication to environmental, social, and governance (ESG) principles. As R...
Posted: Sep 19, 2024
Carrick Group Limited, a Bermuda-based international non-life legacy insurer specialising in reinsurance and run-off solutions, announced that its subsidiary, Carrick UK Holdings Company Limited, has reached an agreement with Bristol-Myers Squibb...
Posted: Sep 19, 2024
Majesco, a provider of cloud-based insurance software, has introduced a new AI ecosystem powered by Majesco Copilot, enabling a seamless integration of various industry AI models into Majesco’s solution workflows, starting with a select group of p...
Posted: Sep 19, 2024
Moody’s Ratings has upgraded the insurance financial strength rating (IFSR) of Zurich Insurance Company (ZIC), the main insurance arm of Zurich Group, from Aa3 to Aa2. Additionally, Moody’s has raised Zurich Group’s long-term debt ratings by one n...
Posted: Sep 18, 2024
Global property and casualty insurer Chubb has announced the appointment of Ben McGregor as Head of Property & Terrorism, UK and Ireland. In his new role, he will be responsible for leading, managing and developing the Property and Terrorism p...
Posted: Sep 18, 2024
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has launched a new Inland Marine unit as part of its expansion of specialty products and services in the region. Rebecca Molosky will head the Inland Marin...
Posted: Sep 18, 2024
According to credit rating agency AM Best, the US surplus lines market surpassed the $100 billion threshold for the first time in 2023 for direct premiums written (DPW), reaching a record figure of $115.6 billion. In a new report, the agency state...
Posted: Sep 18, 2024
Mosaic Insurance now offers customised tailor-made global terrorism and sabotage coverage specifically designed for fine art and specie insureds, with syndicated capacity reaching up to $215 million per risk. Offering coverage for museums, exhibit...
Posted: Sep 18, 2024
Kita, a carbon insurance specialist and Lloyds of London Coverholder, has announced the expansion of its insurance services to support Marex Group Plc’s investment in the Global Mangrove Trust’s (GMT) mangrove restoration project in North Su...
Posted: Sep 18, 2024
Global insurance broker WTW has expanded its Radar software, an insurance rating solution, to enable real-time execution of Python. Radar’s ability to deploy Python in real-time will deliver advantages throughout the insurance process, impac...
Posted: Sep 18, 2024
QBE Europe has announced the promotion of Glenn McCubbin to the new role of Head of Global Network and Multinational Technical Underwriting. McCubbin has been part of QBE Europe for over six years, having joined the company in 2018 as a Multinatio...
Posted: Sep 18, 2024
Duncan Dale, founder and Chief Executive Officer (CEO) of Dale Underwriting Partners, told Reinsurance News that rating is adequate in most of the lines the specialist re/insurance provider operates in, with little room to go backwards as the carr...
Posted: Sep 18, 2024
Specialist financial and commercial lines managing general agent (MGA), Spring Insure, has secured significant new and enhanced A-rated capacity across all its existing product lines following an agreement with hybrid fronting insurer, Bridgehaven...
Posted: Sep 18, 2024
Global reinsurance broker Gallagher Re estimates that the insured losses from the severe floods in central Europe, which occurred mainly from September 12-15, are likely to range between EUR 2.0 to 3.0 billion (USD 2.2 to 3.3 billion). A slow-movi...
Posted: Sep 18, 2024
With 134 buy-ins, the first half of 2024 has seen the largest ever number of buy-in transactions for a six-month period, compared to the 96 buy-ins that were completed during the same period in 2023, a recent analysis by Hymans Robertson has revea...
Posted: Sep 18, 2024
“It appears that the facultative reinsurance might be moving away from a hard market, but there are a number of global events that could happen between September and January which could heavily influence where the market is heading,” UIB CEO Shaun...
Posted: Sep 18, 2024
AM Best has maintained a stable outlook for China’s non-life insurance sector, pointing to factors like a supportive regulatory environment, increased awareness of health insurance, and growth potential in the electric vehicle insurance market. Th...
Posted: Sep 18, 2024