Reinsurance News
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
Leopoldo Camara has been appointed Head of Property & Casualty Reinsurance for Swiss Re’s business in Northern, Central and Eastern Europe (NCEE) and Country President Germany, effective 1 August 2024. Camara joined Swiss Re in 2005 and...
Posted: Jun 04, 2024
Sompo International has announced the launch of a new insurance product for technology business, aimed at middle market clients in the United Kingdom. Created with modular wording and flexible approach, the package includes coverages comprising Pr...
Posted: Jun 04, 2024
Property and casualty (P&C) insurer Core Specialty has completed its acquisition of American Surety Company (ASC) and Underwriters Surety, Inc. If you recall, the acquisition was first announced in November 2023. The completed acquisition esta...
Posted: Jun 04, 2024
Kova Professions (Kova), a managing general agent (MGA) specialising in Professional Indemnity (PI) insurance, has announced the senior appointments of Celeste Newson as Head of Professional Indemnity and Keeley Patten as Senior Underwriter. Kova...
Posted: Jun 04, 2024
Bermuda-domiciled international specialty reinsurer Compre has revealed that 2023 was the strongest year in its history, with gross insurance reserves under management growing by 112% YoY to $1.6 billion, driven by newly acquired reserves of over...
Posted: Jun 04, 2024
Brazilian reinsurer IRB (Re) has announced its first quarter of 2024 financial result, reporting an improved net income of around USD 15 million (R$ 79.1mn) as well as an underwriting profit of around USD 23 million (R$ 122.4mn), and a combined ra...
Posted: Jun 04, 2024
The growing use of private credit by life insurers to optimise investment portfolios and align asset allocation with product liabilities is garnering heightened attention from regulators globally, including those highlighted in a recent report by...
Posted: Jun 03, 2024
Itasca MGA Limited, a specialist aviation-focused managing general agent (MGA) has supported Virgin Atlantic for an insurance-backed financing solution for delivering its final A350-1000 aircraft. The MGA stated that the policy underwritten by the...
Posted: Jun 03, 2024
Sentry Insurance, one of the largest mutual insurance groups in the United States, has partnered with Falvey Insurance Group to offer admitted and non-admitted cargo capacity to Falvey’s broker partners. Falvey is a niche leading managing general...
Posted: Jun 03, 2024
Inari, a technology solution provider for global insurance and reinsurance companies, has announced the upcoming launch of its new underwriting workbench product. This workbench is tailored to assist underwriters in handling the entire lifecycle o...
Posted: Jun 03, 2024
Duck Creek Technologies, a provider of SaaS-delivered software to the property and casualty (P&C) arena, has announced the appointment of Christian Erickson as General Manager of APAC (Asia-Pacific). In his new role, Erickson will oversee a ne...
Posted: Jun 03, 2024
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Comp...
Posted: Jun 03, 2024
JMP Securities, an investment bank and brokerage firm, reports that the June 1 Florida reinsurance renewal proceeded smoothly, with increased supply largely matching the higher demand, leading to an overall expectation of single-digit price declin...
Posted: Jun 03, 2024
White Bear Group, a re/insurance company that owns Blenheim Underwriting, a syndicate at Lloyd’s of London, and White Bear Managers, an managing general agent (MGA) offering tailored insurance solutions, has appointed John Symms as Group Head of C...
Posted: Jun 03, 2024
Cyber insurance provider At-Bay has expanded its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5 billion in revenue, with aggregate limits up to $10 million, in addition to other coverage enhancements. The firm is...
Posted: Jun 03, 2024
UK broker and underwriter Jensten has announced the completion of two acquisitions: Melville Burbage and Henry Seymour & Co, with the latter initially announced in April. Melville Burbage, an independent insurance broker, serves various sector...
Posted: Jun 03, 2024
Niall Clifford has been appointed Senior Vice President (SVP) at Payden & Rygel, one of the largest privately-owned global investment advisers, as part of the company’s London-based insurance-investment team expansion. As SVP, Clifford will be...
Posted: Jun 03, 2024
Concirrus has launched Quest Aviation, an offering for the general aviation insurance market that reportedly increases efficiency for underwriters while addressing heightened regulatory demands and complexity. According to Concirrus, up to 40% of...
Posted: Jun 03, 2024
WTW, a global advisory, broking, and solutions company, has unveiled Climate Quantified, a new technology set to help quantify the financial impact of climate change with “unprecedented precision”. By analysing the interactions between...
Posted: Jun 03, 2024