Reinsurance News
Distinguished Programs, the national insurance program manager, has appointed Darryl Proniuk as Vice President, National Agency Sales for the firm’s Fine Art and Collectibles program. In the role, Proniuk will be expected to cultivate relati...
Posted: Nov 20, 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in...
Posted: Nov 20, 2024
AnchorWatch, an insurer specialising in bitcoin custody, has received a Lloyd’s of London Coverholder position. This milestone solidifies AnchorWatch’s position in the emerging market of insured bitcoin custody solutions. The firm will officially...
Posted: Nov 20, 2024
VOOM Insurance, a company specialising in InsurTech and developing usage-based insurance solutions for the evolving mobility landscape, has appointed Thomas Coyne as Head of Insurance. With more than 30 years of experience in the property and casu...
Posted: Nov 20, 2024
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason D...
Posted: Nov 19, 2024
Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets. By leveraging Talaria’s credit underwriting algorithms and financing c...
Posted: Nov 19, 2024
October storms in Southern British Columbia, Canada, resulted in over $110 million in insured damages, as per initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). In response to these escalating costs, insurers urge the fede...
Posted: Nov 19, 2024
India-domiciled insurtech InsuranceDekho has bolstered its senior leadership team with the appointments of Navneet Bhatt as Chief Business Officer, Vivek Aggarwal as Head of Finance (Vice President), and the promotion of Aman Batra to Chief Strate...
Posted: Nov 19, 2024
Delos Insurance Solutions, a property insurance MGA, has announced the appointment of Gloria Hendrickson as its new Head of Reinsurance. In her new role, Hendrickson will focus on securing reinsurance capacity for new programs and strengthening re...
Posted: Nov 19, 2024
In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through ef...
Posted: Nov 19, 2024
The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change. Arthur Wightman, PwC Territory Leader, opened the summit...
Posted: Nov 19, 2024
Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provi...
Posted: Nov 19, 2024
Placing Platform Limited (PPL) has introduced its new underwriter dashboard to help users manage high volumes of business activity on the platform. Functioning like a worklist, the updated dashboard structure and user interface will help underwrit...
Posted: Nov 19, 2024
Carrow Insurance, a newly launched Managing General Agent (MGA), has entered the European mid-market insurance sector under the leadership of Ronan Conboy, former CEO of AmTrust International. The company specialises in Warranty, Accident & He...
Posted: Nov 19, 2024
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has promoted Tom Quy to Managing Director, effective January 1, 2025. He succeeds John Sutton, who will transition into a new role as a consultant, providing strateg...
Posted: Nov 19, 2024
Lara Desay has been appointed as the Head of Risk Transfer at Hymans Robertson, a pensions and financial services consultancy. Desay brings extensive expertise in the risk transfer market, having joined Hymans Robertson in 2022 as a Partner. Prior...
Posted: Nov 19, 2024
Sompo Holdings’ international overseas insurance/reinsurance business has reported an adjusted profit of $652 million in the first half of 2024, an increase of $88 million from the $564 million reported in the same period last year. The comb...
Posted: Nov 19, 2024
As per a new report from the Swiss Re Institute, total global insurance premiums are set to grow at 2.6% annually in 2025 and 2026, primarily driven by life insurance, which is forecast to expand by 3% per year, more than double the rate of the pa...
Posted: Nov 19, 2024
HDI Global has appointed Tom Major as Chief Claims Officer, UK and Ireland, effective from February 7, 2025, who will join the firm’s Executive team, reporting to Stephanie Ogden, Chief Executive Officer, UK and Ireland. Major will join the...
Posted: Nov 19, 2024
Specialist managing general agent (MGA) Aqueous Underwriting has obtained major new capacity in a three-year deal with insurers Allied World and Sompo. From what Reinsurance News understands, the move to a syndicated capacity arrangement will prov...
Posted: Nov 19, 2024
Switzerland-domiciled MS Reinsurance has reported an insurance service profit of £138 million in its half-year 2024 results, up 41% from the same period last year, while its combined ratio also improved to 90.2%. The above figures were strengthene...
Posted: Nov 19, 2024
ACORD, the standards organisation for the global insurance sector, has released a unified life insurance application aimed at enhancing efficiency and accuracy for both insurers and distributors. This application, now approved by the Interstate In...
Posted: Nov 19, 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-domiciled regional reinsurance broking and advisory business. The transaction is ex...
Posted: Nov 19, 2024
West P&I Club, a global insurance provider for the maritime and offshore industries, has opened a new office in Dubai’s International Financial Centre (DIFC), located in Central Park Towers. This marks West’s seventh office worldwide, joining...
Posted: Nov 19, 2024
AM Best, the global credit ratings agency, has revised the outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Tokio Marine...
Posted: Nov 19, 2024