Reinsurance News
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
Broadstone, the independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone Insurance, Regulatory & Risk Advisory division. According to the announcement, this proposition will service the life an...
Posted: Jun 03, 2024
Casper Specialty UK Limited (Casper), a specialist casualty-focused managing general agent (MGA), has announced the appointment of Jacob Blomfield as Head of Operations. In his new role, Blomfield will be responsible for enhancing Casper’s operati...
Posted: Jun 03, 2024
Apollo Syndicate Management has reportedly launched the “first captive syndicate of the modern era” at Lloyd’s in partnership with a major global client. As per Apollo, this is the latest development in its mission to grow its extensiv...
Posted: Jun 03, 2024
Bermuda-domiciled specialty re/insurer Hamilton Insurance Group, Ltd. has appointed Bradley E. Cooper to its Board of Directors as a Shareholder Director by Hopkins Holdings, LLC., effective June 1st, 2024. Cooper, who replaces Antonio Ursano in t...
Posted: Jun 03, 2024
AIG’s Chairman and CEO, Peter Zaffino, highlighted the company’s strategic focus on the rapidly expanding Excess & Surplus (E&S) insurance market, which he sees as a significant avenue for growth. Zaffino emphasised the remarka...
Posted: Jun 03, 2024
Insurance Europe, the association representing insurance and reinsurance companies, emphasises that the Capital Market Union (CMU) should aim to increase retail investment, diversify funding sources for EU businesses, and foster an environment con...
Posted: Jun 03, 2024
CFC Canada is welcoming seasoned insurance professional Kelly McGuinness as Cyber, Tech and Professional Liability Development Leader. McGuinness will be based in CFC’s first office on the ground in Canada, based in Toronto, and will be working cl...
Posted: Jun 03, 2024
GIC Re, the Indian public sector reinsurer, has posted net profit after tax for the fiscal year ended 31 March 2024 (FY24) of ₹6,497.30 crore, 2.9% higher than the ₹6,312.50 crore figure that was posted in the prior year. In Q4 FY24, standalone ne...
Posted: Jun 03, 2024
Ahead of the 2024 Atlantic Hurricane Season, CoreLogic, a provider of property information and analytics, has released its 2024 Hurricane Risk Report to help insurers and risk managers prepare for the upcoming season. The report reveals that over...
Posted: May 31, 2024
Following a successful 2023 financial year, the Vienna Insurance Group (VIG) predicts 2024 will also be a very positive year, with the Group aiming to achieve profit before taxes of up to €875 million. Hartwig Löger, Chairman of the Managing Board...
Posted: May 31, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Established in 1977, Perkins provides commercial property and casualty (P&C) and personal lines coverage to West...
Posted: May 31, 2024
Credit rating agency AM Best has downgraded the credit ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA), a regional insurer, due to severe weather-related losses. The Financial Strength Rating dropped from B+ (Good) to B...
Posted: May 31, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has appointed Malwine Tewes to the newly established role of Head of Risk Control for its Continental Europe (CE) Commercial Property and Casualty...
Posted: May 31, 2024
Universal Insurance Holdings, Inc. has announced the completion of its combined 2024-2025 reinsurance program, effective June 1, 2024, for its subsidiaries Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property...
Posted: May 31, 2024
In a recent interview with Reinsurance News, June Quah, Vice President, Integrated Analytics, Munich Re, Canada, discussed the reinsurance giant’s newest digital solution, Automated EHR Summarizer which is set to ensure efficient and accurat...
Posted: May 31, 2024
Core Specialty Insurance Holdings, and subsidiaries, have announced the addition of Sally Pope Davis to its Board of Directors, effective immediately. Jeff Consolino, Core Specialty’s Founder, President, and Chief Executive Officer, said, “W...
Posted: May 31, 2024
Global insurer, American International Group (AIG) has launched a secondary offering of Corebridge Financial common stock, priced at $29.20 per share. The insurer has offered 30 million existing shares of common stock, out of approximately 608 mil...
Posted: May 31, 2024
QBE North America, part of the global insurer, has announced a new program partnership with Catalytic Risk Managers & Insurance Agency, LLC, a division of DUAL North America, Inc. Both organisations will work together on the Builders Risk prog...
Posted: May 31, 2024
Moody’s has selected TomTom’s global location data to enhance the accuracy and relevance of geocoding analyses across various workflows in its risk management solutions. This data will be integrated into Moody’s Insurance Geocoder, combining TomTo...
Posted: May 31, 2024
Insurance and reinsurance broker McGill and Partners has announced the appointment of Cabot Lyman as Partner in its US Property team. “The addition of Cabot to the team strengthens our highly differentiated value proposition that enables us to del...
Posted: May 31, 2024
Bermuda domiciled insurer and reinsurer Everest, has received regulatory approval to begin operating in Mexico. Trading as Compañía de Seguros Generales Everest México S.A. de C.V., the entity will be headquartered in Mexico City, and it will be l...
Posted: May 31, 2024
MS Amlin, Lloyd’s global insurer and reinsurer, predicts that the upcoming 2024 Atlantic hurricane season will be significantly above average, potentially one of the most active on record. Climate scientists at MS Amlin analysed forecasts fr...
Posted: May 31, 2024
French reinsurer SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2024-1, providing it with a multi-year risk transfer capacity of $175 million against named storms in the US and earthquakes in the US and Canada. At...
Posted: May 31, 2024