Reinsurance News
AnaCap, a private equity investor specialising in collaborations with founders and entrepreneurial management teams across services, technology, and software in the European financial sector, has entered into exclusive negotiations to acquire the...
Posted: Jul 03, 2024
Everest Insurance has announced the appointments of François-Xavier d’Huart as Head of France and Europe Strategic Projects and Anne Charon as Head of Client Engagement, Europe for Everest Insurance International, in a move that expands the...
Posted: Jul 03, 2024
Munich Re’s Risk Management Partners is teaming with CGI, the business and IT consulting services firm, in a move that is set to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This p...
Posted: Jul 03, 2024
Specialist global insurer, Hiscox, has announced the appointment of Curtis L. Dickinson as a Non Executive Director for its subsidiary Hiscox Insurance Company (Bermuda) Limited (HIB) board, subject to regulatory approval. Dickinson, who has over...
Posted: Jul 03, 2024
The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance...
Posted: Jul 03, 2024
As generative AI (Gen AI) continues to be adopted across the re/insurance sector, it is becoming more clear that the technology will be truly transformative for the industry. However, it appears that there is still a lot of foundational work that...
Posted: Jul 03, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ra...
Posted: Jul 03, 2024
Reinsurance broker Guy Carpenter’s mid-year reinsurance renewal report reveals that some upper layers of property placements saw risk-adjusted decreases of 10% or more for accounts without loss impacts. However, the broker finds that mid-yea...
Posted: Jul 03, 2024
WTW, an advisory, broking, and solutions firm, has named Aon’s James Baum as the Head of Australia and New Zealand and the Head of Corporate Risk & Broking (CRB) for these regions, starting on July 15. Simon Weaver will continue his duti...
Posted: Jul 03, 2024
Lexasure Financial Group Limited (Lexasure), specialising in reinsurance, insurance, and insurtech solutions across South and Southeast Asia, joins forces with OneDegree Global (ODG), the technology division of OneDegree Group renowned for its IXT...
Posted: Jul 03, 2024
Independent specialist re/insurance broker Miller has made three new hires in its Solicitors’ Professional Indemnity (PI) team, namely Calum MacLean, Chris Jones and Tom Davies. All will report to Zarina Lawley, Head of Legal Services. Calum MacLe...
Posted: Jul 03, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a public and private sector employee benefits broker based in Red Bank, New Jersey, US, in an undisclosed transaction. Founded in 2010, Hudson Shore Group specialises i...
Posted: Jul 03, 2024
Pension Insurance Corporation plc (PIC) has completed a £1.2 billion buy-in with the Trustee of the TotalEnergies UK Pension Plan, sponsored by TotalEnergies, an energy company involved in oil, biofuels, natural gas, green gases, renewables, and e...
Posted: Jul 03, 2024
Global insurance and reinsurance broker Aon has announced the appointments of Luis Acevedo as Head of Analytics for Commercial Risk in Latin America and Peter Cheesman as Head of Analytics for Risk Capital in Asia Pacific (APAC), in addition to hi...
Posted: Jul 03, 2024
Global advisory, broking, and solutions company WTW has revealed the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds,...
Posted: Jul 03, 2024
David Sungjin Kim has become the new Chief Executive Officer of Korean Re London, a position he will hold while also maintaining his role as Director of Korean Re Underwriting Limited (KRUL). Korean Re London is a wholly owned subsidiary of Seoul...
Posted: Jul 03, 2024
Florida domiciled property insurer, American Integrity Insurance, has significantly reduced its rates by 6.9%, benefiting more than 55,000 customers. At the same time, the insurer has revealed that nearly 215,000 homeowners can now enjoy stable ra...
Posted: Jul 03, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Kathleen Ziegler as the new Chief Operating Officer (COO) for Americas Insurance business, reporting to Lucy Pilko, Chief Executive Offi...
Posted: Jul 03, 2024
Global insurance intermediary group Howden has reached an agreement to acquire the AGEO brokerage group, an independent Employee Benefits insurance broker headquartered in Paris. Founded in 1984 by Eric and Maryse Oziebala, AGEO specialises in Emp...
Posted: Jul 03, 2024
Specialist insurer Beazley has announced the appointment of Sam Franks as Country Manager, UK & Ireland, effective immediately. In his new role, based in Birmingham, Franks will focus on the development of Beazley’s UK and Irish regional busin...
Posted: Jul 03, 2024
A new report from Gallagher Re has observed that reinsurers overall maintained a healthy appetite and stable capacity for US Casualty lines at the July 1 renewals. Commenting on the US general third party liability segment of the casualty insuranc...
Posted: Jul 03, 2024
Ryan Specialty Holdings, the international specialty insurance firm, has made a number of executive leadership team promotions for Ryan Turner Specialty (RT Specialty), the company’s wholesale brokerage division, effective October 1, 2024. A...
Posted: Jul 03, 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone) in an undisclosed transaction. Cornerstone has been serving both commercial and personal c...
Posted: Jul 03, 2024
Insurance brokerage, Relation Insurance Services, has acquired the assets of York Insurance Services, Inc. (York). The transaction went into effect on May 31, 2024. Terms of the transaction were not disclosed. Based in Forest Hill, Maryland, York...
Posted: Jul 03, 2024
Howden, a global insurance intermediary group, has entered the Japanese market with the launch of Howden Re Japan, and also announced a new insurance-linked securities (ILS) partnership with Keystone ILS Capital, a boutique consultancy focused on...
Posted: Jul 03, 2024