Reinsurance News
Lisa Tolaini has been appointed General Counsel of Guy Carpenter, the reinsurance broking division of Marsh McLennan (MMC). Based in London, Tolaini has been with Marsh McLennan for over 13 years, having most recently served as General Counsel, UK...
Posted: Aug 06, 2024
AM Best is maintaining a Negative segment outlook for Brazil’s reinsurance market until favourable performance trends can be sustained. AM Best’s recent report identifies strict regulations on foreign assets as a major factor contributing to this...
Posted: Aug 06, 2024
The reserving cycle exists, and studies have shown that historically, final estimates tend to be underestimated in bad years and overestimated in good ones, but both actuarial and reserving teams are now doing more to mitigate significant uncertai...
Posted: Aug 06, 2024
Skyward Specialty Insurance Group, Inc. has reported a rise of 17.6% in gross written premiums (GWP) and an improved underwriting result of $23.9 million for Q2 2024, compared to last year’s $15.5 million. The reported GWP is $496 million for Q2 2...
Posted: Aug 06, 2024
Howden Re, the reinsurance and risk advisory arm of Howden, has announced the expansion of its Cyber Reinsurance capabilities in threat intelligence and education with the appointment of Harriet Gruen as Head of Threat Intelligence, Education &...
Posted: Aug 06, 2024
Cyber insurance provider At-Bay has appointed Ken Riegler as President of At-Bay Insurance and to the Board of Directors of At-Bay Specialty Insurance Company, its Excess & Surplus (E&S) carrier. In this role, Riegler’s remit is focu...
Posted: Aug 06, 2024
James River Group Holdings has released its financial results for the second quarter of 2024, posting a net income of $11.9 million and a group combined ratio of 99.3%. These results compared to last years second quarter where the company posted a...
Posted: Aug 06, 2024
Tokio Marine’s international business saw total net premiums written in Q1 of 2024 reach JPY 813.6 billion ($5.62 billion), driven by strong rate increases and new businesses in North America alongside the steady implementation of growth mea...
Posted: Aug 06, 2024
Markel, the insurance operations within Markel Group, has announced the addition of Robert Hannaford and James Murray to its International Casualty team, effective immediately. Hannaford, who brings over a decade of underwriting experience to Mark...
Posted: Aug 06, 2024
Specialty insurer Palomar Holdings has reported a net income of $25.7 million for the second quarter of 2024, an improvement compared to net income of $17.6 million from Q2 2023. The company’s gross written premiums (GWP) experienced substantial g...
Posted: Aug 06, 2024
Ambac has revealed that specialty P&C insurance production, which includes gross written premiums (GWP) by its Specialty P&C Insurance segment and premiums placed by the Insurance Distribution segment, totalled $165 million in Q2 of 2024,...
Posted: Aug 06, 2024
Zurich-based catastrophe insurance data provider, PERILS AG, has released its final insured property market loss estimate for the Kahramanmaras Earthquake Sequence of TRY 116.9 billion, approximately USD 6.2 billion at February 2023 exchange rates...
Posted: Aug 06, 2024
Transatlantic Holdings (Trans Re), a wholly owned subsidiary of Alleghany Corporation, has restructured its data science team with two senior appointments as it looks to better support the expansion and adoption of artificial intelligence, machine...
Posted: Aug 06, 2024
The majority of insured losses from Hurricane Debby are anticipated to fall within primary insurers’ retentions under their reinsurance coverages, as per James Eck VP-Senior Credit Officer, Financial Institutions Group at Moody’s Ratings. Hurrican...
Posted: Aug 06, 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has expanded its casualty ILS capabilities with the launch of two new Cayman-based subsidiaries. The firm has created Ledger Re SPC as a reinsurer...
Posted: Aug 06, 2024
Applied Systems has released the second quarter 2024 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, which shows that average premium rates decreased year-over-year across the most commonly placed com...
Posted: Aug 06, 2024
Carrot General Insurance, the Korean digital insurance firm, has acquired the exclusive right to use for behavioural-based insurance (BBI) for six months from the General Insurance Association of Korea. It’s important to stress how significa...
Posted: Aug 06, 2024
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a Houston-based division of Tokio Marine HCC that offers insurance solutions for cyber risks and professional liability, has announced important changes to its Professional Lines lead...
Posted: Aug 06, 2024
Concern about artificial intelligence (AI)-enhanced malicious attacks is once again the top emerging risk for enterprise in the second quarter of 2024, a recent Gartner, Inc.’s survey has revealed. Gartner surveyed 274 senior risk executives and m...
Posted: Aug 06, 2024
The Hull and Machinery insurance market has remained relatively static in the first half of 2024, according to analysts at Gallagher Specialty, who have also noted the looming possibility of a slight softening as the year goes on. The market has s...
Posted: Aug 06, 2024
Peel Hunt’s analysis of the Bermudian specialty reinsurance market for the first half of 2024 highlights a growing trend in cycle management, with re/insurers becoming more selective about where to expand their exposures and choosing to redu...
Posted: Aug 05, 2024
Hybrid insurer Hadron has announced that its UK business, Folgate Insurance Company Limited, will be rebranded as Hadron UK Insurance Company Limited (Hadron UK), alongside three key appointments. Hadron entered the UK market in February 2024 thro...
Posted: Aug 05, 2024
Markel, the insurance operations within Markel Group Inc., has announced several key appointments to its Singapore and Hong Kong teams, strengthening its operations and underwriting capabilities in the Asia Pacific region. Alvernia Xu has been nam...
Posted: Aug 05, 2024
Emerald Bay Risk Solutions, a cooperative underwriting carrier, has announced a strategic alliance with Curotech Specialty, a technology-driven managing general agent, to launch an excess and surplus commercial property programme. The programme is...
Posted: Aug 05, 2024
EBM Insurance & Risk, an Australian privately owned insurance broker, has announced a strategic partnership with CyberCube, a provider of cyber risk analytics. Through this partnership, EBM will implement CyberCube’s Broking Manager and...
Posted: Aug 05, 2024