Reinsurance News
CRC Group, the North American wholesale specialty insurance distributor, has bolstered its team with a series of key hires. Firstly, the company has announced that Sarah McKenna has joined CRC Group’s San Francisco, CA office as a property broker....
Posted: Jul 01, 2024
Professional services firm Accenture has recently announced the appointment of Carmina Lees as the local lead for its insurance practice in the UK and Ireland. Lees brings 25 years of industry experience to her new role. She has gained cross-indus...
Posted: Jul 01, 2024
S&P Global Ratings has revised its outlook to positive from stable for Lancashire Holdings Ltd. and its operating subsidiaries (LRE), as the firm has strengthened its competitive position over the past few years through a diversification strat...
Posted: Jun 28, 2024
Yann Le Pallec has been appointed President of S&P Global Ratings, the rating agency arm of S&P Global, succeeding Martina L. Cheung, effective November 1, 2024. In his new role, Le Pallec will have ultimate responsibility for all aspects...
Posted: Jun 28, 2024
Mortgage insurer Enact Holdings, Inc. secured the $90 million of additional excess of loss (XoL) reinsurance protection as part of its credit risk transfer (CRT) programme. This CRT transaction covers a portion of existing mortgage insurance polic...
Posted: Jun 28, 2024
Lockton, an independent insurance broker, has launched a new global space practice led by Ian George, Head of Space, and joined by Russell Sawyer and Mark Williamson as Account Executive and Consultant, respectively. According to the announcement,...
Posted: Jun 28, 2024
P&C program manager Accredited has announced the successful completion of its acquisition by Onex Partners, and has also revealed the completion of a legacy reinsurance transaction with insurance group Enstar in connection with the acquisition...
Posted: Jun 28, 2024
S&P Global Ratings has upgraded Swiss reinsurer Echo Rueckversicherungs AG (Echo Re) long-term issuer credit and financial strength rating from ‘A-’ to ‘A’ with a stable outlook. The upgrade reflects Echo Re’s continued track record of s...
Posted: Jun 28, 2024
BF&M Limited, the holding company of the BF&M group of companies, and Argus Group Holdings Limited has announced they plan to combine and create a new combined Bermuda-headquartered multi-line insurer. Both Bermudian companies have signed...
Posted: Jun 28, 2024
DWF, a provider of integrated legal and business services, has announced its acquisition agreement with Proclaim, a claims management business in Australia, aiming to enhance its presence in the country. Group CEO, Sir Nigel Knowles, commented: &#...
Posted: Jun 28, 2024
After the severe flooding in central Europe between late May and early June, it is crucial for insurers and reinsurers to understand and manage this complex risk, which can be achieved using the latest generation of high-definition (HD) catastroph...
Posted: Jun 28, 2024
Hampden Group, a provider of specialist insurance, investment and financial support services, has appointed Lord Strathclyde as the Chair of the group’s ultimate holding company, Hampden Holdings. Strathclyde succeeds Hampden founder, Tim Oliver,...
Posted: Jun 28, 2024
Assured Guaranty Municipal Corp, (AGM) a subsidiary of Bermudian-based Assured Guaranty Ltd., has for the second time, insured $800 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on...
Posted: Jun 28, 2024
Property and casualty (P&C) insurer Chubb has announced the appointment of Mikko Ronikonmäki as Commercial Lines Manager for Finland, effective August 12, 2024. Based in Helsinki and Ronikonmäki will be responsible for Chubb’s commercial lines...
Posted: Jun 28, 2024
Beyond Risk Topco Holdings, a provider of alternative risk financing solutions, has announced a strategic partnership with Eirion Risk Underwriters, a Managing General Agent (MGA) in specialty insurance placement. Eirion Risk was founded by indust...
Posted: Jun 28, 2024
Insurance IPO activity has been increasing in the first half of 2024, potentially encouraging more companies to consider IPOs as they could now achieve higher valuations compared to last year, according to Stonybrook Capital. Several private equit...
Posted: Jun 28, 2024
Arturo, a property intelligence organisation that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, has hired Jordan Burke as Chief Operating Officer. In the role, Burke is expected to oversee the optimisati...
Posted: Jun 28, 2024
Global specialty re/insurer SiriusPoint has announced it has become the sole carrier partner for Euclid Security’s Liability program. The company is a boutique managing general underwriter (MGU) specialising in security industry risks. Its Liabili...
Posted: Jun 28, 2024
IAG has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development cover for its long-tail reserves from Enstar. IAG has entered into a comprehensive five-year natural per...
Posted: Jun 28, 2024
AXIS Capital Holdings Limited has expanded its partnership with Elpha Secure, which initially commenced in 2021, when AXIS became both an investor in and a capacity provider for the company. Lori Bailey, Head of Global Cyber & Technology at AX...
Posted: Jun 28, 2024
On June 26th, R&Q Insurance Holdings Ltd announced significant developments, including the appointment of joint provisional liquidators (JPLs), the resignation of its Nominated Adviser, and the likely delisting of its shares. R&Q has confi...
Posted: Jun 28, 2024
DUAL Benelux, a division of the international insurance underwriting firm DUAL Europe, has named Aram Stoop as its new Managing Director. Reporting to Olaf Jonda, CEO of DUAL Europe, Stoop steps into the position previously held by Peter Kegel, wh...
Posted: Jun 28, 2024
Reinsurance broker Gallagher Re has announced the appointment of Richard Rudden to the newly created role of Head of Green Solutions. This position aims to develop insurance and reinsurance solutions to support clients in their energy transition e...
Posted: Jun 28, 2024
The insurance and reinsurance industry has a pivotal role to play in developing its future leaders to meet the unique demands and challenges presented by today’s increasingly complex global environment, as highlighted at the Marsh McLennan Rising...
Posted: Jun 28, 2024
WTW has announced the appointment of three new hires within the Financial Institutions and Professional Services industry division, which is part of Corporate Risk and Broking, North America (CRB NA), Heather Mann, Larry Trombino, and Jeanette You...
Posted: Jun 28, 2024