Reinsurance News
International specialty insurance firm Ryan Specialty has announced the appointment of Derek Pouliot to Chief Reserving Officer of Ryan Specialty Underwriting Managers (RSUM). RSUM is Ryan Specialty’s suite of managing general underwriters and nat...
Posted: Jun 12, 2024
AM Best has upgraded Issuer Credit Ratings of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re, and assigned a stable outlook. All the companies above are subsi...
Posted: Jun 11, 2024
Vessel Protect, a specialist war risk underwriter and part of Pen Underwriting, is enhancing its marine capabilities with the appointment of industry veteran James Kent as Senior Business Development Underwriter. Chris Goddard, Co-Managing Directo...
Posted: Jun 11, 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced that its U.S. subsidiaries will now offer primary cyber insurance, providing up to $10 million in coverage. This new cyber insurance offering supports the company’s con...
Posted: Jun 11, 2024
Axis Insurance, an independent specialty insurance brokerage, has announced it has received a significant growth investment from funds managed by investment firm, Lee Equity. According to the announcement, the partnership with Lee Equity, a specia...
Posted: Jun 11, 2024
MJM Holdings has announced the appointments of Andrzej Klesyk and Vincent Vandendael to the Supervisory Board of the Company, a decision approved by the Extraordinary General Meeting of Shareholders of MJM Holdings SA. Marcin Slotala, CEO of MJM H...
Posted: Jun 11, 2024
NSM Insurance Group, a global specialty insurance provider, has completed the acquisition of Pennsylvania-domiciled, Strategic Underwriters International (SUI), a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SU...
Posted: Jun 11, 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has made senior leadership appointments with the addition of Paul Boulos and Rob Ryan as Heads of Ocean Marine, effective immediately. The duo will report to...
Posted: Jun 11, 2024
Global credit ratings agency AM Best has revised its outlook on Italy’s non-life insurance segment from negative to stable, citing growth momentum supported by tariff adjustments and stabilisation of the economic environment. In a report, the agen...
Posted: Jun 11, 2024
International specialist insurer Hiscox has announced the appointment of Mary Boyd as Chief Executive Officer of its USA business unit. Joining the company on June 24, 2024, Boyd will be replacing existing USA CEO Kevin Kerridge, who is stepping d...
Posted: Jun 11, 2024
Allied American USA, a company offering a wide range of insurance claim services, has announced its approval as a Delegated Claims Administrator (DCA) by Lloyd’s of London. DCAs play a vital role in supporting the Lloyd’s market by eff...
Posted: Jun 11, 2024
Crypto insurance company Evertas has announced the appointment of Nick Selby, an accomplished information and physical security professional, as its new Head of European Underwriting. Selby brings to Evertas 20 years of expertise in public and pri...
Posted: Jun 11, 2024
Morgan Stanley analysts have emphasised that, despite expectations of an above-average hurricane season, the P&C reinsurance market maintains a positive outlook heading into 2025, thanks to a relatively stable pricing environment. Analysts ide...
Posted: Jun 11, 2024
Specialist private equity investor B.P. Marsh & Partners Plc has reported that Net Asset Value (NAV) climbed 20.9% from £189.5 million to reach £229.2 million in its full year results for the year ended 31 January 2024. At the same time, B.P....
Posted: Jun 11, 2024
Insurance and reinsurance broker McGill and Partners has announced the appointment of Rebecca Mason as Partner in its Crisis Management team. Bringing over eight years of experience in the Crisis Management sector to her new role, Mason has a weal...
Posted: Jun 11, 2024
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has been selected by international asset manager, M&G Investments, as its SaaS-based investment accounting solution. Clearwat...
Posted: Jun 11, 2024
Fortegra, a multinational specialty insurer and subsidiary of Tiptree Inc., has been granted licence to operate in Belgium and the European Union. Based in Brussels, Fortegra Belgium Insurance Company, NV will underwrite specialty lines of busines...
Posted: Jun 11, 2024
Artex Risk Solutions has announced that its Chief Executive Officer (CEO) and Co-founder, Peter Mullen, will be appointed Chairman, and Gallagher’s Regional Executive Vice President, Zeb Holt, will be named Artex’s new CEO, both effective January...
Posted: Jun 11, 2024
Euclid Program Managers, a family of insurance program managers, has launched Euclid Mortgage, LLC, a managing general underwriter (MGU) led by industry veterans Joe Monaghan and Joe Hissong, which underwrites mortgage credit risk on behalf of ins...
Posted: Jun 11, 2024
Devonshire UW Limited, and its affiliate Devonshire UW Europe GmbH, together known as Devonshire Underwriting, has received Lloyd’s approval to launch into the European Market. Devonshire Underwriting, a managing general agent (MGA) specialising i...
Posted: Jun 11, 2024
The Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges managed by Kin Insurance, Inc., have completed their natural catastrophe reinsurance programs for the 2024 storm season, securing more coverage than las...
Posted: Jun 11, 2024
Ismaeel Adams has joined QBE Re, the reinsurance arm of QBE Insurance Group, as Regional Head of Africa. Based in Dubai, Adams is joining QBE Re after eight years with global reinsurer Swiss Re, where he most recently served as Vice President R...
Posted: Jun 11, 2024
In spite of a modest deterioration in technical results among Mexico’s insurance companies, credit ratings agency AM Best has confirmed that it is maintaining its stable market segment outlook based on significantly improved premium growth in line...
Posted: Jun 11, 2024
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, Ltd., has announced the appointment of Stephen Buonpane as Senior Vice President (SVP) of Casualty Specialty Lines and Industry Practices. In this newly created r...
Posted: Jun 11, 2024
A very active Atlantic hurricane season is predicted for 2024, which could potentially have profound effects on the re/insurance, CRE, and supply chain sectors, as well as on credit worthiness and general economic strength for particular global re...
Posted: Jun 11, 2024