Reinsurance News
CFC, an insurance provider specialising in cyber risk, has expanded its rapidly growing transaction liability team by appointing Janine Fenwick as Transaction Liability Practice Leader, Asia Pacific (APAC). Based in Melbourne, Fenwick will provide...
Posted: Nov 21, 2024
A recent report by AM Best maintains its estimate of ultimate net asbestos losses at $100 billion and environmental losses at $46 billion, based on year-end 2023 data. AM Best observed that while incurred losses rose slightly in 2023, paid losses...
Posted: Nov 21, 2024
Global data analytics and technology provider, Verisk has introduced LOCATION® Property Protection Score™ (PPS), which provides insurers with a score that reflects the fire protection capabilities at a specific address level. This score helps insu...
Posted: Nov 20, 2024
Insurance holding company Delphi has announced the appointment of Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer. In his new role, Lebovits will leverage his over 20 years of experience with major investment firms and glo...
Posted: Nov 20, 2024
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its “2024 Cyber Risk Index: Startup Edition,” revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilie...
Posted: Nov 20, 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of certain assets of EBA Services LLC dba AnchorGroup. Kiehl Hutchings from AnchorGroup will join NFP as Vice President of Benefits and will r...
Posted: Nov 20, 2024
Technosylva, a provider of wildfire simulation modeller, risk analysis, and operational response software solutions, has acquired global catastrophe modelling software company, KatRisk. The pair will now offer an integrated approach for risk asses...
Posted: Nov 20, 2024
Global broker WTW has announced a partnership with Kayna, an embedded insurance infrastructure platform, and Vibrant to support third-party vendor cybersecurity insurance compliance. US-based vertical SaaS platform Vibrant manages third-party vend...
Posted: Nov 20, 2024
Specialty insurer MS Transverse Insurance Group has announced the appointment of Tanya Korobeinikova as Senior Vice President (SVP), Ceded Reinsurance. Korobeinikova brings more than 20 years of industry experience, specialising in underwriting, p...
Posted: Nov 20, 2024
DWF, a provider of combined legal and business services, has announced an agreement to recruit the London market team from Australian law firm Hall & Wilcox, with the move set to take effect by May 2025 at the latest. The team, led by Matt Cur...
Posted: Nov 20, 2024
United Insurance Brokers (UIB) Group has announced the official opening of a new representative office in Kathmandu, Nepal, as part of its ongoing expansion in Asia. With regulatory approvals from the Monetary Authority of Singapore and the Nepal...
Posted: Nov 20, 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since Februa...
Posted: Nov 20, 2024
Reinsurance giant Swiss Re still positions sustainable infrastructure as being “super attractive” as an asset class, despite it still not being deemed as being an official asset class, according to Jérôme Jean Haegeli, Swiss Re’s Group...
Posted: Nov 20, 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium ter...
Posted: Nov 20, 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director...
Posted: Nov 20, 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will le...
Posted: Nov 20, 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97...
Posted: Nov 20, 2024
Rokstone, a global specialty re/insurance MGA under the Aventum Group, has announced the launch of Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. The initiative begins with a global facility of USD 10 million, offering c...
Posted: Nov 20, 2024
Despite losses from hurricanes Helene and Milton in the second half of the year, underwriting profit margins remain strong for reinsurers and 2024 is poised to be another solid year for the sector, leading ratings agency AM Best to maintain its po...
Posted: Nov 20, 2024
London market technology specialists Ebix Europe has announced the appointment of industry veteran Jeff Ward as its new Sales Director, effective immediately. In his new role, Ward will focus on Ebix Europe’s three flagship products – PlacingHub,...
Posted: Nov 20, 2024
Fannie Mae, a government-sponsored enterprise and provider of mortgage financing in the United States, has completed a new Credit Insurance Risk Transfer transaction, CIRT 2024-H3, transferring $160.9 million of mortgage credit risk to private ins...
Posted: Nov 20, 2024
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