Reinsurance News
Reinsurance broker Gallagher Re has announced some leadership changes within its Analytics team in Asia Pacific, appointing Hemant Nagpal as Head of Analytics and Darren Murch as Deputy Head of Analytics. Nagpal joined Gallagher Re from Moody̵...
Posted: Dec 17, 2024
Reinsurance broker Gallagher Re has announced some leadership changes within its Analytics team in Asia Pacific, appointing Hemant Nagpal as Head of Analytics and Darren Murch as Deputy Head of Analytics. Nagpal joined Gallagher Re from Moody̵...
Posted: Dec 17, 2024
As the reinsurance industry draws close to a second year of strong profitability at near/historic highs, pricing is very likely to come under pressure at the upcoming January 1st renewals for property reinsurance rates, according to JMP Securities...
Posted: Dec 17, 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has now published the full replay of its live webinar on the use of alternative capital sources by originators of insurance risk, which was held on November 21st, 2024, in...
Posted: Dec 17, 2024
Ryan Specialty has announced that Paradiso Risks is joining its sports, leisure and entertainment (SLE) managing general underwriter (MGU), Alive Risk. Paradiso, an MGU specialising in contingency and non-appearance insurance, became a part of the...
Posted: Dec 17, 2024
Reinsurance provider Oak Reinsurance (OAK Re), authorised to underwrite business beginning January 1, 2025, through its Lloyd’s Syndicate 2843, has partnered with Moody’s to integrate applications from the Moody’s Intelligent Risk Platform (includ...
Posted: Dec 17, 2024
MNRB Holdings Berhad, the parent company of Malaysian Re, has announced the appointment of Dato’ Rudy Rodzila Che Lamin as Interim President & Group CEO. Dato’ Rudy succeeds Zaharudin Daud who served as President & Group CEO of MNRB for th...
Posted: Dec 17, 2024
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance in...
Posted: Dec 17, 2024
Agile Insurance Group has announced the appointment of David Hughes as Head of Marine and Deputy Active Underwriter for its Lloyd’s syndicate, Agile Underwriting Services Syndicate AUS2427. Based in London, Hughes will operate with a global mandat...
Posted: Dec 17, 2024
According to a new Lockton Market Update report, while the US commercial insurance market remains generally stable and predictable for buyers, a sense of fragility persists as insurers and business leaders monitor natural catastrophes, rising soci...
Posted: Dec 17, 2024
Specialty insurer Newline Group (Newline) has expanded its operations in Asia with the establishment of Newline Hong Kong Services Limited, appointing Carson Choi as Head of Financial Lines. The company has had a presence in Asia since 2007, when...
Posted: Dec 17, 2024
Global insurance and reinsurance broking group Howden has appointed Rohan Bhappu as Deputy Chief Executive Officer (CEO), Howden Asia, reporting to current CEO of the business, Goh Chye Huat, effective June 2025, based in Hong Kong. Bhappu will be...
Posted: Dec 17, 2024
Ivans, a provider of cloud-based software for the insurance industry, has released the November 2024 results of its Ivans Index, a key indicator of premium renewal rate changes, which reveals year-over-year increases in average renewal rates for n...
Posted: Dec 17, 2024
Global insurer and reinsurer AXIS Capital Holdings Limited and global legacy re/insurance specialist Enstar Group Limited have entered into a 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement, designed to cover a portfo...
Posted: Dec 17, 2024
Insurer Cincinnati Financial Corporation is strengthening its leadership team to drive profitable growth in its insurance operations. Effective January 1, 2025, the company will promote experienced leaders to shape the strategies for its commercia...
Posted: Dec 17, 2024
Global risk management platform provider Risk Solved, and TCG Process, an international intelligent document processing and automation solutions provider, have partnered to enable greater end-to-end process automation of inbound documents, such as...
Posted: Dec 17, 2024
Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake i...
Posted: Dec 16, 2024
CyberCube, a provider of cyber risk analytics for the insurance sector, has signed a multi-year partnership with Mathison Insurance Partners, in a move that will allow Mathison to deliver enhanced cyber risk solutions to its retail partners and cl...
Posted: Dec 16, 2024
Norway, through the Norwegian Agency for Development Cooperation, has provided NOK 50 million (approximately $4.5 million) to the African Risk Capacity Limited’s (ARC Ltd) Supporting Adaptation Capacity Through Increased Parametric Insurance Penet...
Posted: Dec 16, 2024
Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb’s claims organization in Europe, th...
Posted: Dec 16, 2024
Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Ins...
Posted: Dec 16, 2024
Global insurance brokerage WTW has appointed Algirdas Dineika as the Head of Technology Consulting UK&I for WTW Insurance Consulting and Technology. In his new role, his past experience will play a key role in creating customer success and bus...
Posted: Dec 16, 2024
Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap between insured and uninsured losses. The init...
Posted: Dec 16, 2024
Chaucer, a global specialty insurance and reinsurance group, has emphasised the importance of political violence insurance for businesses with US operations due to a significant rise in public protests by US unions and workers. There has been a 30...
Posted: Dec 16, 2024
AM Specialty Insurance Group has announced the appointment of Stephen Mathews as Group Chief Financial Officer (CFO). Mathews will lead the financial strategy for AM Specialty and its affiliates under the parent organisation, AM Holding Company. S...
Posted: Dec 16, 2024