Reinsurance News
Juniper Re, LLC, the reinsurance broking arm of The Baldwin Group, has named Russ Wagner as Head of Facultative as it is set to enhance its ability to meet clients’ needs in the evolving market. In the role, Wagner will spearhead Juniper Re&...
Posted: Sep 10, 2024
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the introduction of its new excess Life Sciences Liability policy. With coverage options of up to $10 million, this enhanced solution provide...
Posted: Sep 10, 2024
According to a new WTW Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates grew at a rate of 5.9% throughout the second quarter of 2024, down from 6.1% in Q2 2023. The rates for the same segment were reported at 6.3 %...
Posted: Sep 10, 2024
Hiscox, a provider of specialist insurance solutions, has introduced a new offering called Personnel Security Plus. This product is designed to enhance the coverage provided by Hiscox’s existing Kidnap and Ransom insurance policy, offering b...
Posted: Sep 10, 2024
Specialty insurer Mosaic Insurance, has announced that it has added 13 US environmental risk specialists to its team as the organisation continues to buildout business across the Americas. According to Mosaic, this expansion marks the next stage o...
Posted: Sep 10, 2024
WTW, the global advisory, broking, and solutions firm has appointed Colin Dutkiewicz as Senior Director to its Insurance Consulting and Technology (ICT) business. Based in London, Dutkiewicz is a renowned veteran across the life re/insurance indus...
Posted: Sep 10, 2024
A vast majority of insurers and asset managers are continuing to invest in longer term cybersecurity planning and have put in place advanced cybersecurity protection, a new report from Moody’s Ratings reveals. According to Moody’s, the...
Posted: Sep 10, 2024
Recent figures from the International Underwriting Association (IUA) reveal a substantial increase in treaty reinsurance within the London company market for 2023, premiums surged to £10.889 billion, compared to £8.248 billion in 2022, marking nea...
Posted: Sep 10, 2024
At the beginning of the year, Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, which has attracted interest from major re/insurance brokers and carriers across the market. During an intervi...
Posted: Sep 10, 2024
PwC hosted over 400 reinsurance executives across three events at the annual Rendez-Vous de Septembre (RVS) in Monte Carlo. The main takeaway from these meets was the pivotal role played by Bermuda in driving the future of reinsurance as the regio...
Posted: Sep 10, 2024
Global insurance broker WTW has established a strategic partnership between its Affinity Insurance business and Kayna, the insurance infrastructure platform, expanding its insurance solutions to SME clients domiciled in the US and UK through Verti...
Posted: Sep 10, 2024
Carbon Underwriting Limited, an independent managing general underwriter and manager of Lloyd’s syndicates CBN 4747 and CBN 5757, has announced the appointment of Julie Gallagher as Head of Syndicate Management, effective immediately. Gallagher ha...
Posted: Sep 10, 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as ho...
Posted: Sep 10, 2024
Envelop Risk, a firm specialising in cyber reinsurance and analytics, has unveiled its new services division, Envelop Risk Solutions. This new arm is designed to provide comprehensive support to insurers and reinsurers aiming to enhance their cybe...
Posted: Sep 10, 2024
BMS Group (BMS), the independent specialist re/insurance broker, has appointed market veteran, Richard Dudley as Group Chief Broking Officer, based in London, effective December 2024. Dudley will have a reporting line to Nick Cook, BMS Group’s Chi...
Posted: Sep 10, 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has established a new Specialty Reinsurance division to support its continued focus on growth and diversification. The new division will be led by Phil Taylor, who has been appo...
Posted: Sep 10, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Rachel Cohn as a Senior Broker to lead its International Casualty Facultative Practice. The practice will be part of the company’s existing International Prop...
Posted: Sep 10, 2024
The number of hailstorms in Europe has more than doubled in the past year, increasing the costs for solar infrastructure and underinsured, according to a recent report by specialty re/insurance group Chaucer. Hailstorms are the largest natural haz...
Posted: Sep 10, 2024
Beazley, a specialist insurer, has released its Risk & Resilience report, Spotlight on Cyber & Technology Risk 2024, which explores global business views on cybercrime, tech obsolescence, disruptions, and intellectual property risks amid r...
Posted: Sep 10, 2024
Artificial Intelligence (AI) is anticipated to transfigure how property & casualty (P&C) insurers conduct business, therefore making them positioned to advance the conversation around ethical AI, for businesses worldwide, according to a ne...
Posted: Sep 10, 2024
Global credit ratings agency AM Best has updated the outlook of Lebanon-domiciled Arab Reinsurance Company SAL (Arab Re) to stable reflecting the firm’s strong balance sheet strength, adequate operating performance, limited business profile, and m...
Posted: Sep 10, 2024
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of Aventum Group, has appointed Ludo Araujo as Senior Underwriter for its Property D&F Division. Araujo will join Rokstone from Chaucer Syndicates, where h...
Posted: Sep 10, 2024
Zurich Insurance Company has announced two key appointments to its Asia Pacific (APAC) Commercial Insurance business, with Robin Cooper-Driver as new Head of Financial Lines, Asia Pacific, and Edward Rayfield as Head of Casualty, Asia Pacific. Bot...
Posted: Sep 09, 2024
Akur8, the AI-driven insurance pricing solution, has acquired Arius, the property & casualty (P&C) reserving software for insurers and reinsurers, owned by Milliman. The Arius software helps insurers manage risk and improve financial perfo...
Posted: Sep 09, 2024
Global insurance and reinsurance group Aon has introduced the Growth Decision Framework, a consulting service designed to help insurers enhance decision-making for optimal performance and market cycle resilience. As insurers approach the January 2...
Posted: Sep 09, 2024