Reinsurance News
CHL, the parent company of Conduit Re, a multi-line Bermuda-domiciled reinsurer, has confirmed that AM Best has affirmed Conduit Re’s Financial Strength Rating of “A-” (Excellent) and Long-Term Issuer Credit Rating of “a-&#...
Posted: Dec 18, 2024
CHL, the parent company of Conduit Re, a multi-line Bermuda-domiciled reinsurer, has confirmed that AM Best has affirmed Conduit Re’s Financial Strength Rating of “A-” (Excellent) and Long-Term Issuer Credit Rating of “a-&#...
Posted: Dec 18, 2024
McGill and Partners, an independent global specialty insurance and reinsurance broker, has announced the appointment of Andre du Preez as Head of Emerging Technology. du Preez’s new position will focus on advancing the company’s digital-firs...
Posted: Dec 18, 2024
Property underwriting is becoming more stable and full of opportunity, with Richard Wood, Head of Property at Westfield Specialty, highlighting a disciplined approach to pricing and increased confidence in risk-taking heading into 2025. Wood belie...
Posted: Dec 18, 2024
The Lloyd’s Market Association (LMA) has appointed Joe Brace as Operations Director, where he will report to Sheila Cameron, Chief Executive Officer of the LMA. According to the announcement, Brace’s appointment is effective Spring 2025. He...
Posted: Dec 18, 2024
KBW predicts a mixed outlook for the Property & Casualty (P&C) insurance sector in 2025. While pricing growth is expected to slow overall, with declines in commercial property and reinsurance rates, commercial casualty lines should see mod...
Posted: Dec 18, 2024
AM Best, the global credit ratings agency, has confirmed that it is maintaining its negative outlook for the German non-life insurance segment, citing moderate growth on an inflation-adjusted basis, as well as a persistent claims inflation and com...
Posted: Dec 18, 2024
Applied Underwriters has announced the fully operational opening of American Atlantic Assurance Company’s underwriting facilities. Headquartered and domiciled in Malta, the new enterprise is to start underwriting on January 1, 2025. The ‘A-&...
Posted: Dec 18, 2024
Independent insurance broker Lockton has appointed Aon’s Luke Speight as UK Head of Fintech and Digital Assets. In his new role, Speight is expected to spearhead a team of industry experts providing tailored risk and insurance solutions to...
Posted: Dec 18, 2024
Global specialty and P&C re/insurer Canopius Group has announced the appointment of Olivia Brindle as Head of Sustainability. In her new role, Brindle will report to Lindsay Astor, Chief of Staff and Head of Strategy. She will lead Canopius’ s...
Posted: Dec 18, 2024
Lloyd’s, a marketplace for insurance and reinsurance, recently hosted the inaugural meeting of the UK Government’s Industrial Strategy Advisory Council (ISAC) at its headquarters in London. The meeting brought together UK Chancellor of the Exchequ...
Posted: Dec 18, 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced the appointment of Hannah Fry as Chief Operating Officer, effective 6 January, 2025. Fry will join the Executive team of the multi-class, multi-territory specialist und...
Posted: Dec 18, 2024
Lloyd’s-focused investment vehicle Helios Underwriting has announced the capacity for its 2025 Lloyd’s syndicate portfolio is expected to be £484 million, which is 5% lower compared to 2023, where total capacity stood at £512 million. Accord...
Posted: Dec 18, 2024
Analysts at JMP report that reinsurers are increasingly leaning into the cyber market, a move expected to drive better pricing, and terms and conditions for cedants at the January 1 renewals, building on trends observed at recent renewals. This as...
Posted: Dec 18, 2024
The Ardonagh Group, an independent insurance broker, has secured an equity investment from funds managed by US-domiciled private equity firm, Stone Point Capital LLC, which values the group at $14 billion. This landmark transaction is expected to...
Posted: Dec 18, 2024
The Pacific Catastrophe Risk Insurance Company (PCRIC) has renewed its policy portfolio for 2024, introducing redesigned parametric insurance products developed in collaboration with global experts. These updates include innovative enhancements to...
Posted: Dec 18, 2024
AM Best, the credit rating agency, has upgraded the outlook for Group Ark Insurance Limited (GAIL) (Bermuda) from stable to positive for its Long-Term Issuer Credit Rating (Long-Term ICR), while affirming the Financial Strength Rating (FSR) of A (...
Posted: Dec 18, 2024
Roadzen has partnered with Cimarron Underwriters, LLC to expand its insurance offerings across all 50 U.S. states by leveraging Cimarron’s nationwide MGA licenses and infrastructure. Cimarron Underwriters, through its subsidiaries—Cimarron Insuran...
Posted: Dec 18, 2024
Phoenix Financial Ltd., an Israel-based financial, insurance, and investment group, announced a key Loss Portfolio Transfer (LPT) reinsurance agreement with Ayalon Insurance Company Ltd. The move supports the group’s strategic expansion of i...
Posted: Dec 18, 2024
Global insurance brokerage WTW has introduced new artificial intelligence (AI) capabilities to its RiskAgility Financial Modeller (RiskAgility FM), a financial modelling and reporting software technology for life and health (L&H) insurers. Lif...
Posted: Dec 18, 2024
International Financial Reporting Standards (IFRS) 17 introduced a new way of financial reporting for insurers and reinsurers, fundamentally changing how they recognise and measure insurance contracts. While this new standard promises greater tran...
Posted: Dec 17, 2024
DAC Beachcroft, an international law firm, continues its global expansion with the launch of new offices in New York and Los Angeles, marking its entry into the US market, effective 1 January 2025. The new offices will combine insurance-focused te...
Posted: Dec 17, 2024
Insurance and reinsurance broker Gallagher has appointed Paul Bassett as CEO of Crisis Management and Simon Brookes as CEO of Financial Lines within its Specialty division, both reporting to Jonathan Turner, CEO of Gallagher Specialty. Julian Wall...
Posted: Dec 17, 2024
McGill and Partners, the independent specialty insurance and reinsurance broker, has been chosen by Warburg Pincus, a global private equity firm, to join its inaugural multi-asset continuation fund. Warburg Pincus, which played a key role in McGil...
Posted: Dec 17, 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, recently announced that it has reached an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings and Maiden Life Försäkrings, to a growing network of internat...
Posted: Dec 17, 2024