Reinsurance News
Consulting firm Perr&Knight has launched its newest Risk Strategies & Solutions practice area, which is set to help clients turn unique concepts into practical and compliant insurance programs. The company’s new practice is reportedl...
Posted: Jun 27, 2024
The property insurance market is becoming more buyer-friendly, with increasing competition among commercial insurers helping to create stability and more predictable renewal outcomes for US insurance buyers, according to Lockton’s latest Market Up...
Posted: Jun 27, 2024
New England Asset Management Limited (NEAM), a provider of investment advisory services primarily to re/insurance companies, has promoted Kasha Mleko to Head of Sustainability, Europe. Mleko joined NEAM in 2010 and has held roles in Marketing and...
Posted: Jun 27, 2024
Global re/insurance broker Aon has reported that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage. However, the broker notes, that w...
Posted: Jun 27, 2024
Global corporate insurer Descartes Underwriting has expanded its U.S. presence with new offices in Scottsdale and Richmond while also making a string of key appointments to support growth worldwide. “Now with more than 200 employees worldwid...
Posted: Jun 27, 2024
Markel, the insurance operation within Markel Group Inc., has appointed Jennifer Gebran as Head of Casualty for the Middle East and North Africa (MENA) region. Based in Dubai, Gebran will be responsible for developing the region’s casualty underwr...
Posted: Jun 27, 2024
Slide Insurance, the technology-enabled insurance company, has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. As well as this, Synovus Bank and...
Posted: Jun 27, 2024
Howden Capital Markets & Advisory (HCMA), the risk, capital and strategic advisory arm of the global insurance and reinsurance broking group, has appointed Sébastien Bamsey as Managing Director, based in London office, effective 15th July. Thi...
Posted: Jun 27, 2024
2024 has already ranked among the top four costliest years on record for insurance industry losses due to severe convective storms in the US, with insured losses from the peril already exceeding $31 billion, according to Steve Bowen, Chief Science...
Posted: Jun 27, 2024
Mitsui Sumitomo Insurance (MSI) has revealed plans to consolidate the talent and strength of its European subsidiaries, MS Amlin Insurance S.E. (MSAISE) and MSIG Insurance Europe AG (MSIGEU), in a merger of equals. According to MSI, which wholly o...
Posted: Jun 27, 2024
Specialty insurer Tokio Marine Kiln (TMK) has appointed Alexandra (Alex) Barnes to its Marine & Energy team, starting this autumn. In the new role, she will be focusing on global energy risks and renewables. Barnes is an insurance industry vet...
Posted: Jun 27, 2024
In an interview with Reinsurance News, Martin Kreuzer, Senior Risk Manager for Cyber Risks at Munich Re, emphasised that cyber warfare exceeds the company’s risk appetite, nonetheless, the firm is actively collaborating with governments to e...
Posted: Jun 27, 2024
Securian Financial, a mutual holding company that provides a range of financial products and services, has launched Securian Specialty Lines, Inc., a new surplus lines insurance company, to provide additional innovative insurance solutions to fina...
Posted: Jun 27, 2024
Optio Group, a specialty managing general agent (MGA), has named Deepak Soni as its new Chief Executive Officer (CEO), a long-anticipated and carefully considered appointment by the company’s board and its private equity partners, Preservation Cap...
Posted: Jun 27, 2024
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, has unveiled a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform. According to Lloyd’s, the new fund is designed to enhance investment outcomes...
Posted: Jun 27, 2024
The Ardonagh Group has confirmed that it has completed the merger between its personal lines broking business Atlanta Group and Markerstudy. If you recall, it was in September last year that the merger was first announced. The deal will see both A...
Posted: Jun 27, 2024
Brit Ltd has appointed Jacques Bonneau to the Board of Brit Re as a Non-Executive Director, subject to regulatory approval. Brit noted that Bonneau will bring considerable experience, insight and relationships to the firm as it embarks on a strate...
Posted: Jun 27, 2024
Markel, the insurance operations arm within the Markel Group Inc., has appointed Phil Schmidt as Chief Strategy Officer, effective immediately. Schmidt’s remit in the role will include leading Markel’s Global Strategy team, based in Be...
Posted: Jun 27, 2024
Supercede, a reinsurance tech firm, has completed a $15 million Series A funding round, led by Alven with contributions from Mundi Ventures along with an existing investor roster that included Outward, Seedcamp, MMC Ventures, and AFG Partners. The...
Posted: Jun 27, 2024
Morningstar DBRS, a global credit rating agency, emphasises that cyber insurance is rapidly growing and essential in the digital age, projected to soar to $40 billion by decade’s end amidst rising cyber threats and stringent data regulations...
Posted: Jun 27, 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and resear...
Posted: Jun 27, 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has published the details of a dedicated company market support programme for adopting the new digital processing services in the London m...
Posted: Jun 27, 2024
The Mutual Group, an integrated insurance operations platform serving the mutual industry, recently announced the appointment of Brett Humphrey as Senior Vice President (SVP) & Chief Financial Officer (CFO). Humphrey, who has nearly 20 years o...
Posted: Jun 27, 2024
SLC Management, the global institutional asset manager, has launched SLC Global Insurance Group, a dedicated team that will focus on servicing the complex needs of insurance organisations across the globe with bespoke investment solutions. Brett L...
Posted: Jun 27, 2024
HDFC ERGO General Insurance has recently announced that Anuj Tyagi will be the new Managing Director and Chief Executive Officer (CEO), effective July 1, 2024. Tyagi will be succeeding Ritesh Kumar, who served as the company’s Managing Director an...
Posted: Jun 26, 2024