Reinsurance News
Bermuda-domiciled insurance holding company, James River Group Holdings, has announced that two of its principal subsidiaries have entered into a combined loss portfolio transfer (LPT) and adverse development cover (ADC) reinsurance agreement with...
Posted: Jul 10, 2024
Costero Brokers, a privately held London-based insurance brokerage, has appointed Stephanie Bush to its Board of Directors, emphasising the firm’s commitment to assembling a diverse and seasoned board focused on progress. Bush has deep exper...
Posted: Jul 10, 2024
Verisk, the global data analytics and technology provider, has launched ISO Experience Index, a tool which is designed to modernise how actuaries in the insurance industry analyze risk patterns. According to the announcement, the tool will address...
Posted: Jul 10, 2024
New England Asset Management, Inc. (NEAM), a provider of insurance investment solutions, announced a strategic partnership with Nassau Financial Group (Nassau), a diversified financial services firm. Through this collaboration NEAM will manage Nas...
Posted: Jul 10, 2024
Property and casualty (P&C) insurer Chubb has announced a number of new appointments, including Paul McNamee’s as Executive Vice President, Chubb Group and President of Overseas General Insurance. With nearly three decades of insurance industr...
Posted: Jul 10, 2024
Artificial Intelligence (AI) and climate change have emerged as the top priorities for insurance executives worldwide, according to a survey by the International Insurance Society (IIS). The ILS 2024 Global Priorities Survey aimed to identify the...
Posted: Jul 10, 2024
Despite the possibility of hurricane Beryl being a billion-dollar economic loss for the United States, it is expected to be a very manageable storm for the re/insurance industry, Steve Bowen, Chief Science Officer at Gallagher Re has commented. Bo...
Posted: Jul 09, 2024
Global insurer QBE has announced that Davide Anselmo is joining from CNA Hardy as its new general manager for Italy, based in Milan, subject to regulatory approval. Anselmo takes over from Angela Rebecchi, who will be retiring this summer after le...
Posted: Jul 09, 2024
French reinsurer CCR Re has seen significant growth in its ESG asset portfolio, which has increased by 20% since 2022, reaching over €1 billion out of €3.6 billion in Assets Under Management (AUM). In its 2023 ESG Report, CCR Re attributes this ro...
Posted: Jul 09, 2024
Everest Insurance, the insurance arm of Bermuda-based re/insurer Everest Group, has promoted Harry Townsend to Chief Ceded Reinsurance Officer, leading the Ceded Re strategy for the global division. Townsend joined Everest in January 2024 as Head...
Posted: Jul 09, 2024
Jamaica’s Minister of Finance, Dr. Nigel Clarke, has revealed that the country’s Tropical Cyclone policy with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been triggered by Beryl, with a payment amount of $16.3 million...
Posted: Jul 09, 2024
UK fintech Ripe has announced the appointment of Jamie Richards as Head of Mergers and Acquisitions (M&A). Tasked with leading Ripe’s Acquisitions strategy, his appointment is to help the company to further expand the business through targeted...
Posted: Jul 09, 2024
Commercial real estate (CRE) remains a large exposure for US life insurers, which hold over $900 billion in CRE, or roughly 17% of total invested assets, mostly in commercial mortgage loans (CMLs) and commercial mortgage backed securities (CMBS),...
Posted: Jul 09, 2024
Davies, a specialist in professional services and technology, has appointed Amber Wilkinson as its new Group Chief Financial Officer (CFO). Currently serving as CFO at global law firm DLA Piper since 2021, Wilkinson brings extensive experience fro...
Posted: Jul 09, 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired the ongoing business of Carriagehouse. Established over three decades ago, Carriagehouse plays a key role in supporting the equestrian industry by providing a wide range of spec...
Posted: Jul 09, 2024
Global specialty re/insurer SiriusPoint has appointed Anthony Williams as Chief Risk Officer for SiriusPoint International Managing Agency (SIMA) and its International business, effective August 19, 2024. Williams joins SiriusPoint with over two d...
Posted: Jul 09, 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data fro...
Posted: Jul 09, 2024
As per a new report from EY, the number of publicly disclosed M&A deals in the UK insurance industry increased from 54 in H1 2023 to 94 in H1 2024, while the overall disclosed deal value climbed from £400 million to £900 million. This informat...
Posted: Jul 09, 2024
Insurance Advisory Partners (IAP), a specialised investment bank in insurance and the insurtech industry, has appointed Johan Slabbert as a Senior Advisor, based in London. Slabbert is an industry veteran with over 27 years of experience, having w...
Posted: Jul 09, 2024
AXA XL has announced several new appointments in its Large Commercial business unit and on its Client and Distribution team, which comes following the recent reorganisation of its Americas insurance operation. Donnacha Smyth has been appointed Chi...
Posted: Jul 09, 2024
Finish insurer Sampo has obtained all the necessary regulatory approvals for the exchange offer to the shareholders of P&C insurer Topdanmark. Back in June Sampo announced its intentions to acquire all of the outstanding shares in Topdanmark n...
Posted: Jul 09, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has announced that Aldo Mendieta will be joining the firm next month in Mexico City as part of Lockton México Intermediario de Reaseguro, S.A. de C.V. Mendieta is joining the fir...
Posted: Jul 09, 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the members of the Inclusive Futures Coalition, which targets meaningful and lasting change by enabling Black and ethnically diverse individuals to participate and progress f...
Posted: Jul 09, 2024
BMS Group, an independent specialist re/insurance broker, has announced the appointment of Ryo Iizuka as a Director of the Private Equity, Mergers & Acquisitions, and Tax (PEMAT) in Japan, effective immediately. The resurgence in M&A activ...
Posted: Jul 09, 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach i...
Posted: Jul 09, 2024