Reinsurance News
Malaysian Re and Pacific Life Re Limited, Singapore Branch have signed an extension of their Memorandum of Understanding (MoU) on providing sustainable retakaful solutions to Takaful Operators. This collaboration was first established in 2019, and...
Posted: Jun 14, 2024
Markel, the insurance operations within the Markel Group Inc., has appointed Jamie Carsey as Chief Claims Officer to oversee US and Bermuda claims operations within the company’s Specialty division. Carsey joined Markel in 2017 and has since...
Posted: Jun 14, 2024
AM Best, a global credit rating agency for the insurance sector, has reaffirmed Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, with a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (...
Posted: Jun 14, 2024
Earnix, a provider of AI-based SaaS solutions for financial services, has announced a strategic partnership with Verisk, a data analytics and technology provider. This collaboration will allow Earnix to incorporate Verisk’s ISO Electronic Ra...
Posted: Jun 14, 2024
CRC Group, a North American wholesale specialty insurance distributor, has announced the appointments of Yoni Armstead, Dylan Kamen, and Lindsay Holmes. These appointments are part of CRC Group’s strategic effort to enhance support for retai...
Posted: Jun 14, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, and WINT Water, a provider of cutting-edge water management and leak-prevention solutions, Intelligence have announced the extension of their partners...
Posted: Jun 14, 2024
The Bermuda International Long Term Insurers and Reinsurers (BILTIR), a trade association with over 70 member (re)insurance companies and service providers, has published a report examining the history and present condition of Bermuda’s long...
Posted: Jun 14, 2024
A recent report by Howden highlights that the conditions and prospects for the Lloyd’s market remain strong in 2024, characterised by strong rate adequacy across nearly all business classes, and minimal indications of new capital entering the mark...
Posted: Jun 13, 2024
In partnership with reinsurer Swiss Re, Appian, a technology company known for its software solutions, is expanding its Connected Underwriting Life Workbench solution into select countries across Asia Pacific, Europe, the Middle East, and Africa (...
Posted: Jun 13, 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed Laura-Jayne Hamblin as Head of D&F Property. Based in London, Hamblin joins the firm with 20 years of industry expertise. She...
Posted: Jun 13, 2024
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has announced it will now offer carbon credit delivery risk insurance to EU & EEA insureds, complementing existing coverage for buyers and investors in the UK, USA, Canada,...
Posted: Jun 13, 2024
Markel, the insurance operations within Markel Group Inc., today announced the appointment of Kyle McGrath as Head of Fine Art – North America, with immediate effect. Based in New York, McGrath will be responsible for leading Markel’s Fine Art bus...
Posted: Jun 13, 2024
UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the d...
Posted: Jun 13, 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks i...
Posted: Jun 13, 2024
RSA Insurance has appointed Alex Wright as Senior Partnership Manager: MGA and Schemes in its delegated business, part of its Commercial Lines segment. Wright has over 17 years of finance and insurance industry experience, having worked at several...
Posted: Jun 13, 2024
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has announced the acquisition of Pinpoint Insurance Solutions, a national programme administrator, managing general agency (MGA), an...
Posted: Jun 13, 2024
Insurance and reinsurance broker McGill and Partners has announced Victoria Cartmell has been appointed to Partner in the Treaty Reinsurance team. Cartmell has been part of McGill and Partners since 2029 when she joined as an Associate specialisin...
Posted: Jun 13, 2024
Organisations need to change the way they respond to global risks if they want to stay competitive, according to findings from a new report from BDO, the accountancy and business advisory firm. BDO’s annual risk report found that business le...
Posted: Jun 13, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has announced Ian Bridge’s promotion to Active Underwriter. Bridge will succeed Dominic Peters, who is stepping down from the role. Since...
Posted: Jun 13, 2024
As R&Q continues progress discussions regarding the sale of Accredited, buyer Onex has proposed an alternative transaction structure to that of the original sale that could be implemented in the event that the original closing conditions were...
Posted: Jun 13, 2024
The Insurance Development Forum (IDF), alongside the Agence Française de Développement and Expertise France (together AFD Group), has announced the formation of the Integrated Disaster Risk Management Alliance (IDRIMA) to strengthen the long-term...
Posted: Jun 13, 2024
Lockton Re has announced that it has added former AXA XL executive Rob Littlemore to the board of Lockton Re International LLP as an Independent Non-Executive Director. The appointment is effective September 1, 2024, and is subject to FCA approval...
Posted: Jun 13, 2024
S&P Global Ratings, a provider of credit risk insights, reports that as inflationary pressures rise, US property/casualty insurers navigate sector challenges while maintaining disciplined reserving practices. In response to mounting inflationa...
Posted: Jun 13, 2024
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group has signed a memorandum of understanding with KUKE, aimed at promoting trade and foreign investments by Polish companies in Ukraine and other countries. Signed at the Ukra...
Posted: Jun 13, 2024
CRC Group, a wholesale specialty insurance distributor in North America, announces the addition of three new professionals to its team. Michael Rockhill has been appointed as an underwriting team leader at CRC’s Tampa-Bayport, Florida office. Prio...
Posted: Jun 13, 2024