Reinsurance News

Global risk management platform provider Risk Solved, and TCG Process, an international intelligent document processing and automation solutions provider, have partnered to enable greater end-to-end process automation of inbound documents, such as...

Posted: Dec 17, 2024

Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake i...

Posted: Dec 16, 2024

CyberCube, a provider of cyber risk analytics for the insurance sector, has signed a multi-year partnership with Mathison Insurance Partners, in a move that will allow Mathison to deliver enhanced cyber risk solutions to its retail partners and cl...

Posted: Dec 16, 2024

Norway, through the Norwegian Agency for Development Cooperation, has provided NOK 50 million (approximately $4.5 million) to the African Risk Capacity Limited’s (ARC Ltd) Supporting Adaptation Capacity Through Increased Parametric Insurance Penet...

Posted: Dec 16, 2024

Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb’s claims organization in Europe, th...

Posted: Dec 16, 2024

Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Ins...

Posted: Dec 16, 2024

Global insurance brokerage WTW has appointed Algirdas Dineika as the Head of Technology Consulting UK&I for WTW Insurance Consulting and Technology. In his new role, his past experience will play a key role in creating customer success and bus...

Posted: Dec 16, 2024

Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap between insured and uninsured losses. The init...

Posted: Dec 16, 2024

Chaucer, a global specialty insurance and reinsurance group, has emphasised the importance of political violence insurance for businesses with US operations due to a significant rise in public protests by US unions and workers. There has been a 30...

Posted: Dec 16, 2024

AM Specialty Insurance Group has announced the appointment of Stephen Mathews as Group Chief Financial Officer (CFO). Mathews will lead the financial strategy for AM Specialty and its affiliates under the parent organisation, AM Holding Company. S...

Posted: Dec 16, 2024

CRC Group, a wholesale specialty insurance distributor in North America, has announced that it has acquired SLB Insurance Group, a binding authority operation with offices located in Florida and Louisiana. Established in 2000, SLB particularly spe...

Posted: Dec 16, 2024

Lime Syndicate Management Limited (Lime), the wholly owned subsidiary of Somers Group Holdings Ltd., a global specialty property and casualty (P&C) reinsurance group, has received all regulatory approvals to operate as a Lloyd’s Managing...

Posted: Dec 16, 2024

International re/insurance broker Consilium has reported a 54% growth in Gross Written Premium (GWP) for the year ending June 2024, reaching nearly £700 million. The company is now aiming for £800 million by the end of this calendar year and an am...

Posted: Dec 16, 2024

Placing Platform Limited (PPL) has completed a restructure of its leadership team, as part of the ongoing transformation of the London market’s digital placement platform. According to the announcement, the new structure follows Board and go...

Posted: Dec 16, 2024

ConnectUW Holdings (ConnectUW), the parent company of Connect Underwriting Limited and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356 starting December 23, 2024. Located in the company market sect...

Posted: Dec 16, 2024

International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga’s insurance underwrit...

Posted: Dec 16, 2024

Specialty insurer Beazley has appointed Alessandro Lezzi as Group Head of Cyber Risks, reporting to Paul Bantick, Group Chief Underwriting Officer, Beazley. Lezzi has reportedly worked in the re/insurance industry for over twenty years, both as an...

Posted: Dec 16, 2024

Moody’s has upgraded the insurance financial strength (IFS) ratings of Arch Capital’s P&C re/insurance operating subsidiaries to A1 from A2 and the senior unsecured debt rating of the Group to A3 from Baa1. The rating outlook for t...

Posted: Dec 16, 2024

Canadian financial holding company Fairfax Financial Holdings Limited has increased its ownership interest in specialist insurer Brit Limited to 100% from 86.2%. This was done by acquiring the interest of OMERS, the pension plan for Ontario’s muni...

Posted: Dec 16, 2024

AllianceBernstein L.P. (AB), the global investment firm, has appointed Bob Sharma as Head of Insurance, EMEA & APAC, Client Group, where he will be based in the company’s London office. An experienced veteran across the sector, Sharma jo...

Posted: Dec 16, 2024

The Insurance Information Institute (Triple-I) has elected Matt McHatten, current president and chief executive officer at MMG Insurance, as chair of its Executive Leadership Committee (ELC). McHatten is succeeding Jennifer Kyung, CEO and founder...

Posted: Dec 16, 2024

Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured an aircraft non-payment (ANPI) credit insurance policy for JLPS Ireland Limited. This solution provides wrapped debt financing with respect to Operating Leases ar...

Posted: Dec 16, 2024

Global insurance firm American International Group, Inc (AIG) has led the launch of a new reinsurance syndicate at the specialist Lloyd’s marketplace, which will be a multi-year participant on the firm’s outwards reinsurance program. S...

Posted: Dec 13, 2024

Howden Re, the reinsurance arm of Howden, has announced the appointments of Paul Nicholson and Dominic Riley to its Aviation and Space team within the Global Specialty Reinsurance division. These appointments are set to enhance Howden Re’s Global...

Posted: Dec 13, 2024

Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed a staggering $1,016,904,197 to Bermuda’s economy in 2023, making it the highest amount recorded in ABIR’s 31-year history. In fact, 2023 marked the first yea...

Posted: Dec 13, 2024