Reinsurance News
One Acre Fund and Global Parametrics, a CelsiusPro Group company, have partnered to provide financial protection for smallholder farmers in Zambia and Malawi against the financial strain of losing their crop due to drought. Using data collected an...
Posted: Jul 12, 2024
Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter’s completed deals surpassing those of the same period last year, WTW’s Quarterly Deal...
Posted: Jul 11, 2024
Chedid Re has hired industry veteran, Vincent Vandendael, as an Independent Non-Executive Director. If you recall, Vandendael recently joined MJM Holdings’ Supervisory Board. Overall, Vandendael brings over 30 years of industry expertise tow...
Posted: Jul 11, 2024
Aspen Insurance Holdings Limited, a provider of insurance and reinsurance solutions, has launched Aspen Data Labs, a new platform designed to advance its digital capabilities and enhance its focus on data and artificial intelligence (AI). Aspen Da...
Posted: Jul 11, 2024
Vantage Group Holdings has appointed Leanne Berry as Chief Distribution Officer, effective immediately. In the new role, Berry will reportedly oversee all aspects of Vantage’s specialty insurance distribution strategy to support its sustaine...
Posted: Jul 11, 2024
Clearwater, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has partnered with Pool Re, Britain’s government-backed terrorism reinsurer, to support its investment accounting and reporting proce...
Posted: Jul 11, 2024
Pacific Life Re, a company in the life and health reinsurance sector, is growing its client solutions team in the savings and retirement business. This expansion will enhance their ability to support clients as the business grows in both current a...
Posted: Jul 11, 2024
Ranked by 2023 total revenues, Marsh McLennan retains the top position for the 14th consecutive year in AM Best’s rankings of the top global insurance brokers, with its total revenue rising nearly 9.7% to reach $22.7 billion in the year. Our...
Posted: Jul 11, 2024
Everest Group, Ltd., the global underwriter for property, casualty, and specialty re/insurance has appointed Nicole Robertson as Vice President, Head of North America Insurance Sales and Distribution Strategy. The re/insurer stated that “Rob...
Posted: Jul 11, 2024
DUAL Europe has partnered with VHV Allgemeine Versicherung AG, part of the VHV Group (VHV), a strategic move that aims to strengthen its position in the Construction market. Backed by VHV’s capacity, DUAL Europe’s Engineering & Construction Hu...
Posted: Jul 11, 2024
Amynta Group, the insurance services company, has entered into a definitive agreement with Unum Group, which will see Amynta acquire the Group’s Medical Stop Loss business. According to the announcement, the business will operate as a full-service...
Posted: Jul 11, 2024
Insurance Europe, the association representing insurance and reinsurance companies, has published its manifesto that outlines the insurance industry’s strategic priorities aimed at making the European Union more more prosperous, resilient, a...
Posted: Jul 11, 2024
CFC, an insurance provider specialising in emerging and cyber risks, has announced the appointment of Daisy Lopez as Senior Executive Underwriter for CFC USA. In her new role, Lopez will lead the expansion of CFC’s new mid-market cyber division in...
Posted: Jul 11, 2024
Karen Clark & Company (KCC) has estimated that the privately insured loss from Hurricane Beryl will be close to $510 million in the Caribbean, $90 million in Mexico and $2.7 billion in the US. According to the firm, its US estimate includes th...
Posted: Jul 11, 2024
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will make payouts totalling around US$44 million to the Government of Grenada following the passage of Hurricane Beryl, which triggered all of the company’s parametric policies for the coun...
Posted: Jul 11, 2024
Reinsurance Group of America (RGA) and Principal Financial Group (Principal) have partnered with Zoë Foundry, the venture studio focused on the employee benefits ecosystem, investing a combined $5 million as their lead investors. This investment f...
Posted: Jul 11, 2024
Marsh McLennan, a global re/insurance broker, has added Jan Siegmund to its Board as a Director, effective immediately. The Board of Directors now consists of 12 directors. H. Edward Hanway, Chair, Company’s Board of Directors, commented on the ap...
Posted: Jul 11, 2024
Orion180 has completed its reinsurance placement for excess-of-loss (XOL) and net quota share agreements for the 2024 hurricane season, marking a 47% increase in the firm’s tower from 2023. According to Orion180, with this strategic placemen...
Posted: Jul 11, 2024
Specialist underwriter, Qubit, has expanded into the Australian market by providing insurance coverage for Monochrome, the specialist investment management firm offering regulated access to crypto-assets. It’s important to note, that Monochr...
Posted: Jul 11, 2024
Alliant Insurance Services, the insurance brokerage and consulting firm, has hired 35-year industry veteran, Ali Williamson as Senior Vice President within the company’s Alliant Americas division. In the role, Williamson will be based in Den...
Posted: Jul 11, 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has acquired the assets of Commercial Sector Insurance Brokers, LLC (CSIB), an Excess & Surplus (E&S) wholesale broker based in Birmingham, Alabama. With a mana...
Posted: Jul 11, 2024
Altamont Capital Partners, a private investment firm based in the San Francisco Bay Area, has announced the appointment of Brad Fischtrom as an Operating Partner to support its insurance investment efforts. In this role, Fischtrom will advise on i...
Posted: Jul 11, 2024
Eastern Alliance Insurance Group, a fully owned subsidiary of ProAssurance Corporation, has chosen the CLARAty.ai platform from CLARA Analytics, a provider of artificial intelligence (AI) technology for optimising insurance claims, to enhance clai...
Posted: Jul 11, 2024
Devonshire Underwriting, a managing general agent (MGA) specialising in underwriting transactional risk (TR) solutions, has announced the appointment of Michael Grant as Underwriting Manager. Grant brings extensive experience across the transactio...
Posted: Jul 11, 2024
According to Mitali Chatterjee, Insurance Research Manager at Swiss Re, the global reinsurer, climate change is intensifying severe weather events worldwide, significantly impacting the electric grid, emphasising the need of insurance in funding a...
Posted: Jul 10, 2024