Reinsurance News

Global professional services firm Aon has launched its Cyber Risk Analyzer, a digital application allowing risk managers to make technology-enabled decisions to mitigate cyber risk. According to the firm, the Cyber Risk Analyzer provides clients a...

Posted: Nov 18, 2024

Following an active electoral year worldwide, Allianz has announced the launch of “Power of Unity,” a global program aimed at restoring trust in societal institutions and fostering confidence in a better economic future. According to Allianz Resea...

Posted: Nov 18, 2024

Global insurance and reinsurance broker Aon has announced the appointment of Brian Gillin to its Cyber Reinsurance Solutions team as Managing Director – Cyber, Reinsurance, a New York based role. Gillin brings to his new role extensive exper...

Posted: Nov 18, 2024

Nuveen, the investment manager of TIAA, is collaborating with a coalition of state regulators in the US to develop strategies designed to pair capital from insurance companies and other sources for positive social and environmental impact. The sta...

Posted: Nov 18, 2024

Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Nicholas Selff as Head of Underwriting for Asia, effective immediately. He joins the organisation from Chubb where he most recently s...

Posted: Nov 18, 2024

Zug, Switzerland-based reinsurer SIGNAL IDUNA Reinsurance Ltd. (SI Re) has appointed Dr. Arnold Löw as its new Chief Executive Officer, with Bertrand R. Wollner remaining in the role until his retirement on April 30, 2025, and Dr. Löw taking over...

Posted: Nov 18, 2024

In a recent report by RBC Capital Markets, a financial services firm specialising in analysing the impact of political, economic, and regulatory developments across various sectors, titled Insurance Observations, the firm examines the potential im...

Posted: Nov 18, 2024

Global advisory, broking, and solutions company WTW has appointed Ashley Hart as Cyber Leader for Private Equity and Transactional Solutions (PE&TS), Corporate Risk and Broking, North America (CRB NA). As the Cyber Leader, Hart will be respons...

Posted: Nov 18, 2024

Analysts at BofA Securities are forecasting a multi-year pricing cycle for Australian personal lines insurers, which will be primarily driven by concerns surrounding the impacts of climate change and rising peril exposures. The firm highlighted ho...

Posted: Nov 18, 2024

In a new circular, The Insurance Authority of Saudi Arabia has issued new rules on reinsurance cessions, requiring local insurers entering into reinsurance agreements to offer 30% of the overall cession to domestic reinsurers first. Effective Janu...

Posted: Nov 18, 2024

AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and a...

Posted: Nov 18, 2024

RSA Insurance, a provider of commercial insurance, has launched a Climate Professionals Professional Indemnity (PI) insurance product. This is the first offering in the UK specifically designed for companies and consultants advising on sustainabil...

Posted: Nov 18, 2024

Coalition, an active insurer focused on preventing digital risks, has appointed Matt Foster as its Head of London Markets. In the role, Foster will serve as the lead underwriter for the London Market and complex risks, reporting to Stephen Wares,...

Posted: Nov 18, 2024

Although the rapid growth of the cyber insurance market may be slowing, it continues to present a compelling growth opportunity, but looking ahead, this will be fueled by different drivers and regional variations, with small and medium-sized enter...

Posted: Nov 18, 2024

HDI Global, a commercial and specialty lines insurer, has reported an improved year-over-year combined ratio of 90.5% from 92.7% for the first nine months of the year. The improvement was attributed to higher investment volumes and increased inter...

Posted: Nov 18, 2024

Accredited Insurance Holdings, a global programme manager, has appointed Steven J. Bensinger as a Non-Executive Director to its Group Board. Bensinger has over 45 years of industry experience and will join the Board on December 9th, 2024. He is al...

Posted: Nov 18, 2024

International specialty re/insurance MGA Rokstone, part of the Aventum Group, has received a regulatory license from the Dubai Financial Services Authority (DFSA) -the independent regulator overseeing business conducted within or from the Dubai In...

Posted: Nov 18, 2024

Marsh McLennan has completed its acquisition of insurance broking and risk management services provider McGriff Insurance Services, LLC. Founded in 1886, McGriff provides commercial P&C insurance, surety, employee benefits, and personal lines...

Posted: Nov 18, 2024

APOLLO Insurance, a Canadian digital insurance provider, has announced the appointment of Randall Rixon as Vice President of Partnerships. Rixon will be responsible for enhancing APOLLO’s embedded tenant insurance services for multi-family landlor...

Posted: Nov 18, 2024

Abry Partners, a Boston-domiciled private equity firm, and BHMS Investments, LP, a Connecticut-domiciled private equity firm, have completed the sale of Innovisk to Ryan Specialty, a global specialty insurance services firm. Founded in 2017, Londo...

Posted: Nov 18, 2024

Lloyd’s focused investment vehicle, Helios Underwriting, has updated the value of the company’s value of capacity portfolio, now expecting to decrease to £75 million at 31st December 2024. Michael Wade, Chairman of Helios, commented: &...

Posted: Nov 18, 2024

Go Balance Ltd, a provider of high-quality JREDD+ carbon credits, is proud to reveal a unique insurance feature for its Natural Capital Credits, setting a new benchmark for security and trust within the voluntary carbon market. This feature offers...

Posted: Nov 18, 2024

Specialist Risk Group (SRG), a specialist insurance intermediary, majority-owned by Warburg Pincus and Temasek, announces the appointment of Jaya Taylor as global leader for Group Regulatory Affairs, Risk, and Compliance reporting to CEO, Warren D...

Posted: Nov 18, 2024

GIC Re, the Indian public sector reinsurer, has reported an underwriting loss of approximately ₹2,376.95 crore for the half year ended on September 30th, 2024, (H1 2024), as compared to a loss of around ₹3,029.04 crore for the same period in 2023....

Posted: Nov 15, 2024

Aon, a global professional services firm, has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) to launch its new Florida Flood v3.0 model statewide to assess flood exposures in the state and inform re/insu...

Posted: Nov 15, 2024