Reinsurance News
Lloyd’s Europe has announced the appointment of Diana Santin as the new General Representative for Italy, pending regulatory approval. According to the announcement, Nicoletta Andreotti, who has been serving as General Representative ad interim, w...
Posted: Jun 18, 2024
Specialist carbon insurance company, Kita, and UK-based carbon standard, Wilder Carbon, have announced a “first ever” insurance policy for a buffer pool, with capacity provided by specialist (re)insurer, Chaucer. According to Wilder Ca...
Posted: Jun 18, 2024
US insurance brokerage TIH has appointed Chris Grady as Executive Vice President and Head of Strategy and Corporate Development, effective June 17. An experienced executive in the insurance industry with a strong track record in strategic planning...
Posted: Jun 18, 2024
Aon, a global insurance and reinsurance broking group, has released its latest capital poll, highlighting the capital challenges and growth prospects for insurers. The challenges faced in 2023 significantly reduced the financial buffers that many...
Posted: Jun 18, 2024
SanlamAllianz, a Pan-African non-banking financial services company formed jointly by Sanlam and Allianz, has recently appointed Nakesh Dussee as Facultative Reinsurance Underwriter, Property & Engineering for the Francophone market. Vashish R...
Posted: Jun 18, 2024
Thousands of low-income women based in India are receiving assistance to deal with the economic and health effects of the extreme heat temperatures that are currently gripping the country. From what we understand, extreme heat temperatures in Indi...
Posted: Jun 18, 2024
Consilium, the global speciality re/insurance broking business of the Aventum Group, has entered the Credit and Political Risk insurance market, adding a “much needed choice” at a time when its clients face heightened political and economic uncert...
Posted: Jun 18, 2024
Fitch Ratings, a financial analysis firm operating out of Frankfurt and London, recently announced a notable change in its evaluation of the German non-life insurance sector. The outlook has been elevated from ‘neutral’ to ‘impro...
Posted: Jun 18, 2024
Global insurance and reinsurance broker Aon, has launched a new platform to help motor fleet operators understand where risk is within their fleet. The new platform, which is called Fleet Risk Intelligence, aims to reduce accidents, improve operat...
Posted: Jun 18, 2024
Barcelona-headquartered specialty risks managing general agent (MGA) ANV Global Services, Inc. has launched its Transactional Risk Insurance (TRI) program in the United States. Colin Addy and Greg Conroy will lead the program as Co-Heads of ANV US...
Posted: Jun 18, 2024
Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, has reported a substantial 76% rise in net profit to USD 3.21 million for the fiscal year 2023, marking a significant milestone in its financial performance. Underwriting and...
Posted: Jun 18, 2024
GRiP has partnered with JBA Risk Management to offer customers access to the latest flood risk intelligence across Africa. This collaboration will provide insurers using GRiP’s platform with valuable flood risk insights to enhance their unde...
Posted: Jun 18, 2024
Given recent rate increases and reinvestment rates, it is likely that global reinsurers’ underlying return on equity (ROE) will continue to trend upwards and remain meaningfully above the cost of capital, according to a recent Artex report. Artex&...
Posted: Jun 18, 2024
Canopius Group, a global specialty and property and casualty (re)insurer, has announced the immediate appointment of Chris Getty as Cyber and Technology Underwriter. Getty will enhance Canopius’ cyber and technology capabilities and will report di...
Posted: Jun 18, 2024
Credit rating agency AM Best maintains a stable outlook for the UK life insurance segment, highlighting strong growth in pension risk transfers and the positive impact of higher interest rates on investment yields. Pension-related products continu...
Posted: Jun 18, 2024
Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has announced the appointment of Scott Sykes as Head of its newly formed Cargo Division, which has recently secured capacity from Lloyd’s. Sykes, who has over 35 yea...
Posted: Jun 18, 2024
Moody’s, a credit rating agency, has released a report emphasising intensified regulatory scrutiny on European Union life insurers to ensure their products deliver “value for money,” potentially impacting profitability and operat...
Posted: Jun 17, 2024
Global advisory, broking, and solutions firm WTW has appointed Len Graziano as Casualty Strategy and Execution Leader within Corporate Risk and Broking, North America (CRB NA). Graziano joins WTW from Aon, where he led the Excess Casualty practice...
Posted: Jun 17, 2024
Aon, a professional services firm providing risk, retirement, and health solutions, has released a weekly catastrophe report showing that since June 11, Southern Florida has faced substantial financial losses due to prolonged and excessive rainfal...
Posted: Jun 17, 2024
Allianz Commercial has recently announced the appointment of industry veteran Vanessa Maxwell as Global Head of Cyber, alongside her current role as Global Head of Financial Lines. In this dual capacity, Maxwell will report directly to Shanil Will...
Posted: Jun 17, 2024
Knight Management Company (KMC) has agreed to provide paper to write reclamation, commercial, and contract surety to Triangle Surety Agency (TSA) and provide access to KnightBrook Insurance Company (KBIC) paper. Triangle Surety will act as the pro...
Posted: Jun 17, 2024
Italy-headquartered insurer Generali has announced the appointment of Cécile Paillard as Group Chief Transformation Officer, effective as of September 2, 2024. Also joining the Group Management Committee (GMC), Paillard will be directly reporting...
Posted: Jun 17, 2024
(Re)insurance broking group Gallagher’s new report highlights the necessity for businesses and communities to adopt proactive risk management strategies, in light of global uncertainties in 2024. The year is marked by the potential for civil...
Posted: Jun 17, 2024
Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has hired 35-year underwriting veteran Graham Amato to launch a new Global Sports Personal Accident portfolio. Launching with A-rated capacity, Rokstone is set to deliver ta...
Posted: Jun 17, 2024
Cyber analytics firm CyberCube has unveiled a new logo, symbolising its evolution from a start-up in 2015 to an established market leader. Pascal Millaire, Chief Executive Officer at CyberCube, commented, “In 2015, we had lofty ambitions to become...
Posted: Jun 17, 2024