Reinsurance News

Global reinsurance giant Swiss Re has promoted Nicole Fera to lead its Regional 1 Reinsurance market division in the United States. Fera is an experienced reinsurance industry professional, having spent over 16 years at Swiss Re. As the Head of Re...

Posted: Jul 30, 2024

Andy Foot has joined Howden Re as Managing Director, Marine, Energy & Terror Treaty, where he will focus on the London and US markets including the placement of consortia and binders. Foot joins Howden Re from Aon, where he spent over two deca...

Posted: Jul 30, 2024

Reviewing buying activity from January through July 2024, Guy Carpenter has estimated that approximately $35 billion – $40 billion of additional property catastrophe limit has been purchased worldwide, driven by favourable conditions. Accord...

Posted: Jul 30, 2024

French reinsurer SCOR has fallen to a net loss of €308 million for the second quarter of 2024 as a result of the previously announced Life & Health (L&H) assumption review, which more than offset a solid performance in its Property & C...

Posted: Jul 30, 2024

RSA Insurance, a global insurer, is pleased to announce the immediate appointment of Damian Cannings as the new Regional Manager for Bristol. Damian will report to Deena Hemming, Trading Director – South, and will spearhead initiatives to in...

Posted: Jul 30, 2024

As per Fitch Ratings, non-life insurance premium rates are showing different trends across numerous European markets, following the rating agency’s mid-year review of insurance sector outlooks. According to Fitch, non-life insurers have been...

Posted: Jul 30, 2024

NTT DATA UK&I, an IT services provider and consultant for the insurance industry, has announced a new partnership with iPipeline, a provider of digital solutions for the life insurance, pensions, savings, and investments markets in the UK. Thi...

Posted: Jul 30, 2024

Cyber insurance losses related to the CrowdStrike outage will be driven by business interruption, Moody’s has highlighted in a recent report, who also warned that determining final losses for the industry will be a lengthy process due to cyber ins...

Posted: Jul 29, 2024

SiriusPoint Ltd., a global insurer and reinsurer specialising in niche markets, and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership. HMA has been influential in t...

Posted: Jul 29, 2024

Donegal Group, the US primary holding company, has posted a 9.1% increase in net premiums written (NPW) in the second quarter of 2024, climbing to $247.2 million, compared to last year’s $226.5 million. According to the firm, the increase in...

Posted: Jul 29, 2024

Pan-African reinsurer Continental Reinsurance Plc has reported a net reinsurance service result, so underwriting profit, of NGN 9.14 billion (USD 5.6m) for 2023, a 108% increase from 2022’s NGN 4.4 billion (USD 2.7m). The firm’s reinsurance revenu...

Posted: Jul 29, 2024

India-based insurtech InsuranceDekho has received a composite insurance broking licence from the Insurance Regulatory and Development Authority of India, allowing the firm to offer reinsurance broking in addition to its insurance broking services....

Posted: Jul 29, 2024

Resilience, a cyber risk company, has appointed Killian Brady as its new Chief Underwriting Officer, responsible for overseeing all underwriting activities for the company’s expanding portfolio that includes middle market and large enterpris...

Posted: Jul 29, 2024

Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V. (Quintes) from Aquiline Capital Partners, with the deal expected to finalise in the fourth quarter of 2024. Founded in 2012 by Gijsbert van de Nieuwegiessen, Qui...

Posted: Jul 29, 2024

Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $317 million for the second quarter of 2024, a solid increase from the previous year’s $283 million. At the same time, the company stated that net investment l...

Posted: Jul 29, 2024

Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal. Upon clos...

Posted: Jul 29, 2024

HDI Global, a commercial and specialty lines insurer, has announced the opening of its office in Dubai, after receiving regulatory licence from Dubai Financial Services Authority (DFSA), and the appointment of Willem van Wyk as the Managing Direct...

Posted: Jul 29, 2024

Bermuda-based insurer and reinsurer Aspen has announced the appointment of Christian Dunleavy as Group President and CEO of Aspen Bermuda Limited, and Mark Pickering as Group Chief Financial Officer & Treasurer. Effective August 1, 2024, both...

Posted: Jul 29, 2024

According to data collected by global specialty re/insurer Chaucer, successful cyber attacks against UK utility companies increased to 48 in 2023, representing a 586% increase over the seven cases seen in 2022. The attacks have caused sensitive da...

Posted: Jul 29, 2024

Jan Hrevus has been named to lead the joint reinsurance initiatives of Gallagher Re, a reinsurance broker, and Renomia, an insurance brokerage in Central and Eastern Europe, in the Czech Republic and across Central & Eastern Europe (CEE). Form...

Posted: Jul 29, 2024

Specialist insurer Beazley has announced the appointment of Jessica Schappell as Head of Asia Pacific (APAC). In her new role, Schappell will report directly to Paul Bantick, Global Head of Cyber Risks at Beazley. She will be responsible for leadi...

Posted: Jul 29, 2024

Large primary insurer Chubb successfully renewed its Global Property Catastrophe Reinsurance Program for its North American and International operations, significantly raising the retention for the North American program while adding a new layer o...

Posted: Jul 29, 2024

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has bolstered its Asian senior leadership with the appointment of Todd Wilhelm as Head of Specialty, Asia, and Guillaume Parard as the Head of Propert...

Posted: Jul 29, 2024

BMS Group, an independent specialist insurance and reinsurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P), a UK-based insurance broker, from European mid-market private equity firm, Inflexion. Founded...

Posted: Jul 29, 2024

Global insurance and reinsurance broking group Aon has said that new changes to the UK’s listing regime could “help boost economic growth and innovation on the UK stock market.” The Financial Conduct Authority (FCA) recently unveiled t...

Posted: Jul 29, 2024