Reinsurance News
Global professional services firm Aon has appointed Rob Kemp as head of Commercial Risk Solutions for the UK, subject to regulatory approval. Kemp joined Aon four years ago and currently leads the EMEA Central Broking team. Effective 1 October, he...
Posted: Sep 02, 2024
Kovrr has estimated that the total cost to the UK economy from the CrowdStrike IT outage will likely fall between £1.7-£2.3 billion. For those unaware, back in July, an automatic update of CrowdStrike’s Falcon sensor software crashed more th...
Posted: Sep 02, 2024
The London-domiciled underwriting arm of global speciality distributor Amwins, Amwins International Underwriting, has appointed Keith Trivitt as the Underwriting Director for Amwins Amplify. Trivitt has experience in the segment from both a carrie...
Posted: Sep 02, 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed industry leader Jon Wood as Head of Origination. The hire affirms the company’s commitment to broadening market reach ahead of the January...
Posted: Sep 02, 2024
Although 2024 has not seen any major reinsurance M&A announcements, Fitch Ratings expects that as the market inevitably softens and organic growth opportunities diminish, companies that have accumulated capital may seek to acquire less success...
Posted: Sep 02, 2024
Vanbridge, an EPIC company, has announced the appointment of Osmel “Oz” Cuan as Managing Principal and Tax Liability Practice Leader. In his new role, Cuan will join the Transactional Risk Solutions team and lead the Tax Liability Insurance practi...
Posted: Sep 02, 2024
Insurance and reinsurance broker Aon has published the 18th edition of its Insurance-Linked Securities (ILS) Annual Report, which highlights a year of exceptional ILS activity, with $17.9 billion in catastrophe bonds issued across 76 transactions....
Posted: Aug 30, 2024
Credit rating agency KBRA has assigned a BBB Insurance Financial Strength Rating (IFSR) to Trident Reciprocal Exchange (Trident), with a stable outlook. Trident is a newly established de novo reciprocal exchange focused on writing homeowners’ insu...
Posted: Aug 30, 2024
With annual insured natural catastrophe losses consistently exceeding $100 billion, the demand for services like McKenzie Intelligence Services’ (MIS) Global Events Observer (GEO) platform is increasing, as it accelerates disaster relief and econo...
Posted: Aug 30, 2024
Global insurance and reinsurance broking group Aon is collaborating with Future Climate to build a robust marketplace in order to support scaling of the voluntary carbon market (VCM) and project development. From what we understand, this will mean...
Posted: Aug 30, 2024
Aspen, a specialty insurance and reinsurance company, has recently announced the appointment of Peter Spires as Group Head of Compliance & Deputy Group General Counsel. In his new role, Spires will report directly to David Amaro, Group General...
Posted: Aug 30, 2024
China Reinsurance (Group) Corporation (China Re), has released its financial results for the first half of 2024, which includes a net profit of RMB 5.921 million, up substantially from RMB 2.067 million in the same period last year. At the same ti...
Posted: Aug 30, 2024
Lloyd’s-focused investment vehicle Helios Underwriting has appointed Katharine Wade as an Independent Non-Executive Director to its Board, effective immediately. Wade brings over 29 years of experience in financial markets, having served in Board...
Posted: Aug 30, 2024
S&P Global Ratings reports that global reinsurers are increasingly interested in natural catastrophe risks, driven by recent pricing corrections and higher attachment points, and are anticipated to deploy more capital in this market over the n...
Posted: Aug 30, 2024
AM Best has downgraded Seguros Suramericana S.A. (Sura)’s Financial Strength Rating from A to A- and its Long-Term Issuer Credit Rating from “a” to “a-”, the outlook for these ratings has been revised from negative to stable. The...
Posted: Aug 30, 2024
Australian insurance group Agile Underwriting Services has established a presence in New Zealand, reportedly the first of its kind for a Lloyd’s syndicate, enhancing its capability to service business in the country in its general aviation, accide...
Posted: Aug 30, 2024
Howden Capital Markets & Advisory, the re/insurance broker’s capital markets and insurance-linked securities (ILS) arm, has strengthened its team by appointing Des Potter as an Independent Non-Executive Director in the UK. Potter has ove...
Posted: Aug 30, 2024
Geographical diversification is key to reducing the portfolio risk of systemic cloud outage events, according to a joint report from global insurance and reinsurance broker Aon and Parametrix, a cloud monitoring, modelling, and insurance services...
Posted: Aug 30, 2024
RiverStone International, a provider of legacy solutions, has appointed industry veteran James Insley as its new Deputy Group & UK Chief Financial Officer (CFO). In his new role, Insley will work closely with RiverStone International’s G...
Posted: Aug 30, 2024
Recent analysis by Information Services Group (ISG), a global technology research and advisory firm, suggests that US enterprises are investing strategically in cybersecurity services as data breaches continue to rise. The firm’s 2024 ISG Pr...
Posted: Aug 30, 2024
The Cayman Islands Monetary Authority (CIMA) has released the licensing statistics for the insurance sector, granting 12 new international insurer licenses in the second quarter of 2024. CIMA issued three B(i)s, one B(ii), six B(iii)s plus a class...
Posted: Aug 30, 2024
Enstar has completed a transaction between its wholly-owned subsidiary, Cavello Bay Reinsurance Limited, and Insurance Australia Limited, on behalf of IAG, to provide adverse development cover (ADC) for IAG’s long-tail reserves. IAG announced this...
Posted: Aug 29, 2024
Bruce Dettling has been appointed to the role of Global Head of Mining and Heavy Industry for Gallagher, where he will be responsible for leading the firm’s global specialist practice with teams based in the UK, Latin America, Canada and Aus...
Posted: Aug 29, 2024
WTW, an advisory, broking, and solutions company, has appointed Gavin Hamilton as a Director on its International Property team in London. With over 30 years of industry experience, Hamilton previously led the European Wholesale and South African...
Posted: Aug 29, 2024
As alternative risk solutions gain traction, parametric insurance is expected to be the most in-demand offering, according to a recent poll by Reinsurance News. The poll shows that parametrics lead significantly with 40% of the vote, far surpassin...
Posted: Aug 29, 2024