Reinsurance News
In its latest cyber report, reinsurance broker Lockton Re evaluates vulnerability scanning tools and highlights the need for multiple methods to assess and manage cyber risk amid growing digital complexity. As digital networks become more complex,...
Posted: Sep 09, 2024
Elementum, an alternative investment manager, has announced the appointment of Andreas von Reitzenstein as the new Senior Vice President (SVP), Underwriting at its Hamilton office. In his new role, von Reitzenstein will be a key member of the inve...
Posted: Sep 09, 2024
US life insurers are increasingly turning to the Cayman Islands for reinsurance; however, Moody’s Ratings considers this trend a net credit negative for the sector due to heightened counterparty risk, reduced international recognition, and less tr...
Posted: Sep 09, 2024
The global specialty reinsurance market has stabilised after a period of disruption marked by sharp rate fluctuations, tighter terms and conditions, and rising attachment points, according to James Boyce, CEO of Global Specialties at Guy Carpenter...
Posted: Sep 09, 2024
The re/insurance industry plays a pivotal role in supporting the global shift towards renewable energy, which is crucial for both the climate and the future of the global economy, says Howden Re, the reinsurance and risk advisory arm of Howden. Th...
Posted: Sep 09, 2024
Speaking in PwC’s executive breakfast briefing at the 66th Rendez-Vous de Septembre (RVS) in Monte Carlo, Lloyd’s CEO John Neal emphasised the critical nature of the re/insurance market, noting that perhaps for the first time ever, it...
Posted: Sep 09, 2024
Bermuda-based re/insurance start-up, Mereo Insurance, sees the current market opportunity as very attractive and is expected to be operational for the January 1st, 2025, reinsurance renewals. As reported by our insurance-linked securities (ILS) fo...
Posted: Sep 09, 2024
Reinsurance broker Lockton Re is planning to add between 80 to 90 new people to the company this year as part of its growing strategy as it focuses on growing the business’ infrastructure to deliver “the highest possible service levels.” “We conti...
Posted: Sep 09, 2024
Global reinsurer QBE Re is in growth mode, and as the firm pivots towards a longer-term view of the business and the client base continues to shift, deeper and more enduring relationships are paramount, according to Jamie Cook, Chief Partnership O...
Posted: Sep 09, 2024
The Lloyd’s market continues to outperform US and Bermudian reinsurers on loss experience, however underwriting performance remains subject to volatility due to its exposure to catastrophe risks and long-tail lines of business, according to...
Posted: Sep 09, 2024
BMS Re, the reinsurance division of global broker BMS Group, has announced the appointment of Anthony (Tony) Mirabal as CEO of its Latin America and Caribbean Division, effective November 2024. Mirabal will report to Nick Gillett, CEO of BMS Inter...
Posted: Sep 09, 2024
Swiss Re expects growing demand for reinsurance protection to be a key topic of discussion at the 2024 Rendez-Vous de Septembre. As it has been noted, there has been a growing demand for protection in property and specialty lines driven by elevate...
Posted: Sep 09, 2024
Demand for reinsurance protection is strong in Europe and is expected to remain so in 2025, but it’s important that structural corrections achieved in the past two years are maintained, according to Clarisse Kopff, Member of the Board of Managemen...
Posted: Sep 09, 2024
Coalition, an active insurance provider focused on preventing digital risks before they occur, has launched Coalition Re, a reinsurance intermediary offering active cyber reinsurance through two products supported by Aspen-led capacity. Coalition...
Posted: Sep 09, 2024
Despite an unsettled 12 months, recent deal activity heavily suggests that the market for legacy transactions remains strong, with the North American market in particular showing resilience, bouncing back after a quiet 2023. A new analysis from Pw...
Posted: Sep 09, 2024
Large European reinsurer Hannover Re is seeing robust demand for “high-quality” reinsurance protection and is well placed for profitable growth ahead of the January 1st, 2025, reinsurance renewals. This morning, Hannover Re discussed current reins...
Posted: Sep 09, 2024
According to Isabelle Clausner, VP, client executive – EMEA at Xceedance, opportunities for re/insurers to enhance operations with GenAI are many and varied, and although it will take a lot of work and introspection to achieve individual aims, the...
Posted: Sep 09, 2024
Insurance origination and distribution specialist Amwins is expanding its reinsurance broking capabilities, with the latest being the move of part of the Equinox Re team from Price Forbes Re to the company, including Nick Foden-Pattinson and Jere...
Posted: Sep 09, 2024
BMS Group (BMS), the independent specialist re/insurance broker, has appointed Anna Painter as Head of Global Healthcare Technical Operations, a newly created role based in London. Painter will report to Rob Wendin, Managing Director of the Global...
Posted: Sep 09, 2024
In their financial results for the fiscal year 2024 (FY24), Guidewire has posted $980.5 million in total revenue, an increase of 8% from the prior year. Guidewire also disclosed that it’s subscription and support revenue sat at $549.1 millio...
Posted: Sep 09, 2024
AM Best has affirmed Brazilian reinsurer IRB (Re)’s Financial Strength Rating of A- and its Long-Term Issuer Credit Rating of “a-”, while revising the outlooks from negative to stable. The ratings reflect IRB (Re)’s balance sheet strength, assesse...
Posted: Sep 08, 2024
Despite noting the “almost limitless” potential of the cyber re/insurance market, SCOR’s CEO, Thierry Léger, has observed that it can only grow at the pace of capacity, meaning it will chiefly be an opportunity for the next few d...
Posted: Sep 08, 2024
Connect Underwriting Limited has announced the launch of reinsurance MGA BRICS UW, which will reportedly provide capacity to emerging markets. “It will also act as a hub for international markets, enabling reputable emerging market reinsurer...
Posted: Sep 08, 2024
The market environment for reinsurers remains both promising and challenging, and after impressive growth in recent years, the marketplace is poised to grow by 2-3% over the next three years, Munich Re said at the 66th Rendez-Vous de Septembre in...
Posted: Sep 08, 2024
Although S&P Global Ratings had many positive things to say about the reinsurance sector at its recent briefing in Monte Carlo, Senior Director Taoufik Gharib urged the market not to forget about the major risk posed by the US casualty space....
Posted: Sep 08, 2024