Reinsurance News
ClimateWise, which is part of the Cambridge Institute for Sustainability Leadership (CISL), in collaboration with two of its members, Howden, the global insurance intermediary group, and MS Amlin, Lloyd’s global insurer and reinsurer, have d...
Posted: Jun 05, 2024
Global insurer Chubb has entered into a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-domiciled managing general agent (MGA) specialising in general aviation insurance for the Australian market. The transaction is expect...
Posted: Jun 05, 2024
Bloomberg Intelligence, a research division of the financial media company Bloomberg LP, warns that major space storms could surpass the financial impact of events like Hurricane Katrina, with disruptions to radio communications, power grids, spac...
Posted: Jun 05, 2024
EQC Toka Tū Ake, or New Zealand’s Earthquake Commission (EQC) in a record move has secured a whopping reinsurance tower of $9.2 billion from 1st June 2024 to protect homeowners from the impact of natural hazards, helping to ensure home insurance r...
Posted: Jun 05, 2024
Mid-market business leaders in the US view cyber, economic, and regulatory risks as the biggest threats to their operations in 2024, according to a new report by Marsh McLennan Agency. The report reveals that 75% of businesses are highly concerned...
Posted: Jun 05, 2024
Charles Taylor, a global provider of professional services and technology solutions to the global insurance industry, has announced the appointment of Clay Humphries as Executive Vice President of Property and Casualty in the United States. In his...
Posted: Jun 05, 2024
AdvantageGo, a provider of commercial insurance and reinsurance software and part of Coforge, has announced a strategic alliance with Expleo, an engineering, quality assurance, and digital consulting company. This new partnership focuses on implem...
Posted: Jun 05, 2024
Synpulse, a management consultancy specialising in the financial services industry, has hired Yoann Chassot as the new Head of Data and AI within the firm’s Europe and Americas region. A renowned figure within the industry, Chassot joins Syn...
Posted: Jun 05, 2024
Us private flood insurer Neptune Flood has secured over $300 million of premium capacity for the 2024 hurricane season, which is predicted to be more intense compared to other years. The increased capacity positions the company to write over $100...
Posted: Jun 04, 2024
ClimateWise, a global insurance industry collaboration part of the Cambridge Institute for Sustainability Leadership (CISL), has updated its reporting framework Principles to “help insurers prepare for an evolving disclosure environment̶...
Posted: Jun 04, 2024
S&P Global Ratings has upgraded Fairfax Financial Holding and its re/insurance subsidiaries, which include Odyssey Re and Allied World amongst others, on revised criteria and assigned a positive outlook. The agency raised its long-term issuer...
Posted: Jun 04, 2024
Howden, Allianz Trade, and Saudi EXIM bank have signed an Initial Framework Agreement to bolster Saudi Arabia’s economic growth and facilitate international trade. As part of the initial agreement, facilitated by Howden, Allianz Trade and Saudi EX...
Posted: Jun 04, 2024
International re/insurance broker Consilium, part of the Aventum Group, has announced the appointment of Rori-Leigh Mighty as Partner for its Cayman office. She will be reporting to Yaremis Hydes, Managing Partner in Consilium Cayman, who joins th...
Posted: Jun 04, 2024
Nassau Financial Group, an insurance and financial services firm, and Golub Capital, a credit asset management firm, have announced the signing of a definitive agreement to form a strategic partnership. As part of this agreement, Golub Capital wil...
Posted: Jun 04, 2024
In 2023, net investment income for the US property/casualty insurance sector reached a record $73.9 billion, boosted by higher interest rates, according to a new report by AM Best, a credit rating agency for the insurance industry. The Best’...
Posted: Jun 04, 2024
Global professional services firm Aon has revealed that Edmund Reese will serve as its executive vice president and chief financial officer (CFO) from July 29, 2024. According to Aon, Reese will join the firm on July 1 to succeed Christa Davies, w...
Posted: Jun 04, 2024
S&P Global Ratings has observed that the introduction of new measures covering funded reinsurance (Funded Re) by the U.K. and Bermudian regulators will enhance the resilience of insurers. As per a new report by S&P, record surplus position...
Posted: Jun 04, 2024
Industrial insurer HDI Global has announced the appointment of Stephanie Ogden as the new CEO of HDI Global UK & Ireland, effective 1 September 2024. Ogden will succeed Richard Taylor, who is retiring at the end of the year and will transition...
Posted: Jun 04, 2024
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168 billion in 2023, considerably up from around $151 billion in 2022, according to Insuramore a provider of marketing services focusing on...
Posted: Jun 04, 2024
Juniper Re, the reinsurance broking arm and indirect subsidiary of The Baldwin Group, has collaborated with Reask, a climate and catastrophe risk assessor, on the delivery of pre- and post-landfall hurricane wind speeds and precipitation forecast...
Posted: Jun 04, 2024
Arch Insurance International, part of Bermuda-based re/insurer Arch Capital Group Ltd., has announced the appointment of Ketan Motwani as UK Chief Operating Officer (COO). In his new role, Motwani will directly report to Hugh Sturgess, Chief Execu...
Posted: Jun 04, 2024
Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has completed it’s acquisition of RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of...
Posted: Jun 04, 2024
Barnett Waddingham (BW) has announced the appointment of Kim Durniat as new Business Area Leader for its Insurance and Longevity consulting team. Durniat will succeed Scott Eason, who BW recently appointed as one of its new Managing Partners. In h...
Posted: Jun 04, 2024
Great American Insurance Group’s Ocean Marine division has partnered with Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, to provide comprehensive coverage solutions through its marine cargo and stock throughput program....
Posted: Jun 04, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has reshuffled its insurance underwriting operations in the Americas, aligning under three business segments: Large Commercial, Mid-Market and Profess...
Posted: Jun 04, 2024