Reinsurance News
Data-driven reinsurance and analytics specialist Envelop Risk has launched Envelop Underwriting, appointing Dom Peters to lead the newly established division as CEO. According to the firm, Envelop Underwriting will encompass all existing underwrit...
Posted: Nov 12, 2024
Howden, a global insurance intermediary group, has acquired Storfield Insurance Consultants Ltd (Storfield), a specialist in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients. This acquisition strength...
Posted: Nov 12, 2024
In the coming years, UK insurance companies are projected to report steady yet slowing premium income growth; a trend that is expected to persist throughout 2024, 2025, and 2026 as consumer premium increases return to average levels, according to...
Posted: Nov 12, 2024
Jean-Jacques Henchoz, Member of the Board of Management at Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract and will depart from the Board on 31 March 2025, with Clemens Jungsthöfel, Chief Financial...
Posted: Nov 12, 2024
Lockton Re, the reinsurance division of the global brokerage, has appointed Edward Tyler as a senior broker in its Retrocession and Property Specialty team. Tyler brings expertise in retrocession, London market property and global composite placem...
Posted: Nov 12, 2024
Property and specialty insurer and reinsurer IQUW has formed a strategic partnership with mea, an AI-powered processing platform for re/insurers, to enhance underwriting efficiency across its operations. This collaboration aims to improve IQUW’s p...
Posted: Nov 12, 2024
Bermuda-based global specialty insurance company Ascot has announced the appointment of Matt Roy to the newly created role of U.S. Chief Operating Officer, effective November 18. In his new position, Roy will be tasked with aligning underwriting,...
Posted: Nov 12, 2024
A wholly owned subsidiary of legacy player Enstar Group has entered into a $75 million adverse development cover (ADC) reinsurance agreement with certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings. Unde...
Posted: Nov 12, 2024
Bermuda-domiciled insurer and reinsurer SiriusPoint has announced Anthony Shapella as its new Group Chief Underwriting Officer (CUO), with David Govrin set to focus solely on his role as Group President and Chief Executive Officer (CEO) of Global...
Posted: Nov 12, 2024
Indonesia’s economic losses from the 2004 Indian Ocean tsunami, which amounted to USD 4.5 billion at the time, would equate to approximately USD 20 billion today when adjusted for GDP growth and inflation, according to a recent Swiss Re Institute...
Posted: Nov 12, 2024
Insurtech Vertafore has acquired Surefyre, a submission and underwriting workbench platform built to empower managing general agents (MGAs) and wholesalers. By incorporating Surefyre’s AI-powered, low-code/no-code solution into VertaforeR...
Posted: Nov 12, 2024
Insurance brokerage, Relation Insurance Services, has appointed Brandon YoungFountain as Executive Vice President (EVP) and Head of Mergers and Acquisitions (M&A), where he will oversee Relation’s M&A initiatives nationally across the orga...
Posted: Nov 12, 2024
Ratings agency Moody’s has changed its outlook for the Italian life insurance sector to stable from negative, and maintained its stable outlook for Italian property and casualty (P&C) insurers. Analysts highlighted how Italian life insur...
Posted: Nov 12, 2024
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced the appointments of Dan Browne as a Professional Indemnity (PI) Underwriter and Chloe Pitchford as a PI Development Underwriter. Both will join TMHCC’s expanding Professional...
Posted: Nov 12, 2024
Sompo, a global provider of commercial and consumer property and casualty (P&C) re/insurance, has announced new appointments within its SompoRe team, with Andrew Tudor-Thomas and Chris Coulson taking on key roles. Andrew Tudor-Thomas has been...
Posted: Nov 11, 2024
FM, a commercial property insurer, has appointed Steve Wrinkle as Senior Vice President of Strategy and Business Transformation. In this newly created role, Wrinkle will be based at FM’s headquarters in Johnston, Rhode Island, where he will...
Posted: Nov 11, 2024
The U.S. Federal Emergency Management Agency (FEMA) confirmed on November 8th, 2024, that more than 72,000 claims had been filed by National Flood Insurance Program (NFIP) policyholders who experienced flood damage from hurricanes Debby, Helene, a...
Posted: Nov 11, 2024
UK broker and underwriter Jensten has promoted Rob Organ to Group Chief Executive Officer (CEO) effective immediately as Alistair Hardie steps down. As part of succession planning, Organ was promoted to CEO Broking earlier this year. He has previo...
Posted: Nov 11, 2024
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Ethos Specialty’s Transactional Liability unit. Financial terms were not disclosed. This acquisition, Bishop Street noted, further strengthens its platform and...
Posted: Nov 11, 2024
Insurance brokerage Brown & Brown has hired Paul Gallagher as its new controller, a role which will see him provide strategic guidance and leadership for all of the firm’s financial operations, including SEC and financial reporting, cont...
Posted: Nov 11, 2024
Brighthouse Financial, Inc., the US-domiciled annuities and life insurance provider, has completed a reinsurance transaction with a third party to reinsure a legacy block of its fixed and payout annuities. The transaction was previously discussed...
Posted: Nov 11, 2024
Specialty managing general agent (MGA) Optio Group has announced the appointment of Insi Davenport to the newly created executive role of group chief risk officer (CRO), effective immediately. With more than 25 years of industry experience, Davenp...
Posted: Nov 11, 2024
In its recent Love Actuary report, JP Morgan compared losses from Hurricane Ian in 2022 with the total claims emerged from Hurricanes Helene and Milton in 2024 so far, noting that the total quantum of loss is similar. Despite these hurricane losse...
Posted: Nov 11, 2024
Ardonagh Specialty, part of the Ardonagh Group, has recently appointed Dan Walsh as Chief Underwriting Officer (CUO). Walsh is an experienced insurance executive, bringing 30 years of industry experience to his new role. He joins Ardonagh Specialt...
Posted: Nov 11, 2024
European reinsurance company Hannover Re is expecting a broadly flat risk-adjusted rate environment for the property and casualty (P&C) market in 2025, which supports its combined ratio guidance of less than 88% for next year, with terms in th...
Posted: Nov 11, 2024