Reinsurance News

Charlie Pool joins Howden Group Holdings as Head of Carbon Insurance

Carbon market veteran, Charlie Pool, has joined Howden Group Holdings as Head of Carbon Insurance. An experienced name across the industry, Pool brings nearly two decades of expertise towards his new role. In 2016 he founded the company Stowga, an...

Posted: Jun 08, 2023

AI insurtech Concirrus launches new multi-line submissions solutions

AI insurtech Concirrus has announced its new submissions offering that provides a seamless end to end solution for customers at a competitive price. The new offering ensures customer privacy and has been described as the market’s first solution th...

Posted: Jun 08, 2023

China launches international board for reinsurance trading in Shanghai

Shanghai has officially launched an international board for reinsurance trading with a vision to build the city into a global reinsurance centre. Implementation rules have also been rolled out by the country’s financial regulator and the Shanghai...

Posted: Jun 08, 2023

Parametric solutions can shrink flood insurance protection gap: Floodbase

With floods on the rise due to climate change, re/insurance solutions covering this type of peril have become more important now than ever, Peter Lacovara, Head of Commercial at Floodbase, highlighted in a recent interview with Reinsurance News. W...

Posted: Jun 08, 2023

Incline P&C Group secures $125 million investment from Braemont Capital to drive expansion

Incline P&C Group, the leading insurance program market services firm, has secured a significant investment of $125 million from Braemont Capital. Braemont, known for partnering with exceptional companies during their growth inflection points,...

Posted: Jun 08, 2023

HDI’s Jade Wilcox appointed to the board of the MGAA

Jade Wilcox, Director of Delegated Authority for HDI in the UK, has been appointed to the board of the Managing General Agents’ Association (MGAA), a UK-based not for profit organisation dedicated to representing true MGAs. Wilcox has over two dec...

Posted: Jun 08, 2023

Aon launches data-driven insurer Pricing Platform

Aon has announced the launch of its Pricing Platform, a software solution that aims to provide insurers with a competitive advantage through better risk selection and meaningful analytics to help drive company performance. The platform was launche...

Posted: Jun 08, 2023

MS Amlin launches AI-powered claims triage capability

MS Amlin, the Lloyd’s global re/insurer has launched a new AI-powered claims triage capability, marking the first in a series of developments originating from a newly formed partnership with global professional services firm, Genpact. The partners...

Posted: Jun 08, 2023

Catastrophe loss picks and outwards reinsurance in focus for Lloyd’s: Tiernan

Patrick Tiernan, Chief of Markets at Lloyd’s, explained this morning that catastrophe loss exposure remains a key focus at the insurance and reinsurance marketplace, with loss picks set to be continually scrutinised. Delivering a May market messag...

Posted: Jun 08, 2023

Miller names Nick Lockyer Chairman of Direct Marine

Specialist re/insurance broker Miller has appointed Nick Lockyer to the newly formed role of Chairman of Direct Marine, working in collaboration with Andrew Challacombe in his role as Chairman of Marine. Lockyer most recently served as the joint M...

Posted: Jun 08, 2023

Climate Resilient Development Bond proposed by Guy Carpenter

Guy Carpenter, in collaboration with Dr Franziska Arnold-Dwyer from Queen Mary University of London, has announced the proposal of a Climate Resilient Development Bond (CRD Bond), a new re/insurance structure designed to address climate risk at sc...

Posted: Jun 08, 2023

Europ Assistance expands in Asia-Pacific with AXA Partners acquisition

Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion. The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malays...

Posted: Jun 08, 2023

John Fowle named prospective Group CEO of Atrium

Atrium, a leading specialist insurer at Lloyd’s of London, has announced the appointment of John Fowle as the prospective Group CEO, taking over from Richard Harries, who is set to retire on the 30th of June. Fowle joins from Chaucer, where...

Posted: Jun 08, 2023

Canopius appoints Mark Gazzard as its new Chemical Underwriter

Canopius Group, a global specialty re/insurer, has announced the appointment of Mark Gazzard as a Chemical Underwriter within its Heavy Industry & Engineering division. In this role, Gazzard’s remit will include supporting the expansion of the...

Posted: Jun 08, 2023

Club Vita announces new appointments to its Canadian team

Club Vita, an independent longevity data analytics company, has announced the promotion of Shantel Aris to Head of Longevity Experience Studies, and the appointments of Michael Reid, Alexandra Sonnenwirth and Mia Marcellus. Aris takes over her new...

Posted: Jun 08, 2023

Acrisure acquires TEn Insurance Services

Global insurance broker Acrisure has announced its acquisition of TEn Insurance Services Ltd. (Ten). Under the terms of the acquisition, TEn will go to market as Eleven Network. The transaction is expected to close in the near term, pending FCA re...

Posted: Jun 08, 2023

Markel Specialty appoints Houser & Gavlick to new leadership roles

Markel has named Wendy Houser its Chief Wholesale Officer and Sarah Gavlick its Chief Retail Officer for its Markel Specialty division. Markel suggests that it has established these new positions to “address the unique needs of both its whol...

Posted: Jun 08, 2023

Cover Whale names Darien Acosta as Chief Artificial Intelligence Officer

Cover Whale, a leading commercial trucking insurance provider and insurtech has appointed Darien Acosta as its Chief Artificial Intelligence Officer (CAIO). In the role, Acosta will lead a new AI Transformation organisation within Cover Whale. The...

Posted: Jun 08, 2023

Swiss Re’s Daniel Knüsli joins Gallagher Re S&FA team

Global reinsurance broker Gallagher Re has added Daniel Knüsli to its Strategic & Financial Advisory (S&FA) team. He will be based in Zurich but will have a global role, according to the announcement. Knüsli will split his time between Lon...

Posted: Jun 08, 2023

James Haggerty named Head of Commercial Programs for QBE NA

QBE North America, part of QBE Insurance Group Limited, has announced the promotion of James Haggerty to Head of Commercial Programs. In his new role, he will be responsible for building and strengthening the $1+ billion Commercial Programs portfo...

Posted: Jun 08, 2023

Caution urged for quieter 2023 Atlantic Hurricane Season: Swiss Re CorSo

Experts are predicting a quieter Atlantic hurricane season in 2023, but cautionary advice from Katie McGrath from Swiss Re Corporate Solutions emphasises the critical need for preparedness and financial protection, as one devastating storm can hav...

Posted: Jun 07, 2023

Allianz names Serge Raffard as Managing Director for Personal Lines

Allianz Holdings appointed Serge Raffard as the new personal managing director, following the recent news of Steve Treloar deciding to step down. Treloar has decided to leave the business to pursue new opportunities. Raffard will join at the begin...

Posted: Jun 07, 2023

BHSI appoints Emerson to lead customer & broker engagement in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has announced that Paul Emerson is assuming the additional role of Head of Customer & Broker Engagement in Canada. Currently, Emerson serves as Senior Vice President, Head of Third-Party Claims, Ca...

Posted: Jun 07, 2023

SURE and SageSure close $100m cat bond to reinsure second and subsequent events

SageSure, a provider of catastrophe-exposed property insurance, and SureChoice Underwriters Reciprocal Exchange, a policyholder-owned insurer, have announced that SURE has closed a $100 million catastrophe bond to provide reinsurance for second an...

Posted: Jun 07, 2023

Hamilton discussing options including IPO and private sale: Reuters

Bermuda-based insurer and reinsurer, Hamilton Insurance Group, is reportedly discussing its options with potential advisers, including a private sale and an initial public offering (IPO), according to Reuters. People familiar with the matter told...

Posted: Jun 07, 2023