Reinsurance News
Australian insurer QBE, in its latest performance update, has revealed that gross written premium (GWP) growth in the nine months to September 30th was 2% on the prior period, on both a reported and constant currency basis. The insurer explains th...
Posted: Nov 27, 2024
Arch Insurance International, a division of Bermuda-based re/insurer Arch Capital Group, has promoted Jelle Ouwehand to Head of Terrorism, Political Violence and War, based in London with a reporting line to Lino Leoni, Chief Underwriting Officer,...
Posted: Nov 27, 2024
AM Best has upgraded the Issuer Credit Ratings of Zurich Insurance Group and its core subsidiaries, highlighting the firm’s robust balance sheet, strong operating performance, and very favourable business profile as key factors driving the d...
Posted: Nov 27, 2024
ACORD Solutions Group, a provider of advanced digital solutions for the global insurance sector, has introduced a placing data exchange capability within its ADEPT platform. This one-to-many interface serves as a universal hub, enabling insurers a...
Posted: Nov 27, 2024
Insurance industry intermediary, Specialist Risk Group (SRG), has announced the promotion of Matt Byrne to Executive Director of their Entertainment and Sport pillar. Prior to his new role, Byrne was Head of Broking – Entertainment Media ...
Posted: Nov 27, 2024
Aon, a global professional services firm, has announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), further strengthening the re/insurance broker’s risk and heal...
Posted: Nov 27, 2024
Bermuda-based reinsurance company PartnerRe has promoted Chris Shanahan to Chief Executive Officer (CEO) of its Life & Health operations, succeeding Marc Archambault, effective January 1st, 2025. Since September 2021, Shanahan has served as Pa...
Posted: Nov 26, 2024
Abu Dhabi Reinsurance Company (ADRe), a reinsurance service provider in the Abu Dhabi Global Markets platform, has announced the expansion of its product suite to include Commercial General Liability. From what Reinsurance News understands, the ad...
Posted: Nov 26, 2024
Stuart Dale has joined international managing general agent Volante Global to head the firm’s new Volante Re platform as CUO Treaty Reinsurance alongside David Martin. Volante Re will formally commence operations on June 1st, 2025. The company wil...
Posted: Nov 26, 2024
Vienna Insurance Group (VIG) has disclosed that gross written premiums (GWP) increased by 8% to €11.5 billion for 9M 2024, compared to last year’s €11.4 billion, as insurance service revenue grew more than 9% year-on-year to €9 billion. The insure...
Posted: Nov 26, 2024
Hybrid insurer Hadron has announced the appointment of Colin Johnson as Chief Executive Officer of the company’s International operations. In his new role, Johnson will oversee Hadron UK Insurance Company (HUKIC) and related companies, pending reg...
Posted: Nov 26, 2024
China’s personal insurance sector is predicted to grow in the range of 5% to 10% by 2035, a potential expansion primarily driven by the relatively untapped market for pension and health insurance in the country, according to a recent report...
Posted: Nov 26, 2024
Qatar Insurance Group (QIC) and Ooredoo Group have signed a Memorandum of Understanding (MoU) to offer integrated insurance products that deliver innovative, customer-centric insurance solutions, and revolutionise insurance and telecommunications...
Posted: Nov 26, 2024
Previsico, a provider of surface water flood forecasting, has entered into a partnership with Esri UK, a notable company across geographic information system software, location intelligence, and mapping, which will see Previsico bring its flood fo...
Posted: Nov 26, 2024
Oak Reinsurance (OAK Re), the global reinsurance firm, has announced that its Lloyd’s Syndicate 2843 has received permission to underwrite business incepting from January 1, 2025, which follows from the approval in principle that was received in S...
Posted: Nov 26, 2024
At the Business Standard’s annual BFSI event, the Insurance Regulatory and Development Authority of India’s (IRDAI) Chairman, Debashish Panda called for 100% foreign direct investment (FDI) in the insurance sector to reach the goal of ‘insur...
Posted: Nov 26, 2024
Coalition, an active insurer focused on preventing digital risks, has announced the appointment of Rob Kanno as Senior Security Support Analyst. Based in Manchester, Kanno is joining Coalition’s UK Security Support Centre, and will be reporting to...
Posted: Nov 26, 2024
The Lloyd’s Market Association (LMA) has announced the addition of two new Board members from two of its managing agents’ members. The two new members are Vivek Syal, Chief Underwriting Officer (CUO) of Tokio Marine Kiln (TMK) who will be ta...
Posted: Nov 26, 2024
Independent global specialty insurance and reinsurance broker McGill and Partners, has announced the launch of a new AI- powered trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 m...
Posted: Nov 26, 2024
Bermuda-based re/insurer Everest Group, Ltd. has announced its expansion into the Italian market, following regulatory approval to operate in the country under the name Everest Insurance (Ireland) DAC, Succursale Italiana. The launch in Italy foll...
Posted: Nov 26, 2024
Hamilton Re, the Bermuda-domiciled re/insurance underwriting platform of Hamilton Insurance Group, Ltd. has appointed Sergio Lottimore as Vice President (VP) of Credit, Bond and Political Risk Reinsurance. The new Credit, Bond and Political Risk R...
Posted: Nov 26, 2024
Analysts at Berenberg have said that in light of the strong performance of the reinsurance sector in recent years and the fact there’s no build up of excess capital, reinsurance pricing at the January 1st, 2025, renewals is expected to be st...
Posted: Nov 26, 2024
AM Best has maintained a stable outlook for South Korea’s non-life insurance sector, citing moderate industry growth driven by long-term business as insurers focus on securing stable future profits under IFRS 17 accounting standards. The glo...
Posted: Nov 26, 2024
Federato, an AI-powered underwriting platform for the insurance industry, has secured $80 million in total funding, which includes its latest Series C round. The $40 million round was spearheaded by StepStone Group (NASDAQ: STEP), a global private...
Posted: Nov 26, 2024
Howard Dean, Partner at Keoghs, has been named President of the Forum of Insurance Lawyers (FOIL), an organisation representing 8,000 lawyers and paralegals across 61 corporate firms, for 2025, succeeding Pete Allchorne, Partner at DAC Beachcroft....
Posted: Nov 26, 2024