Reinsurance News
Aurora, a digital commercial insurance platform, has secured seed funding from QBE Ventures, the investment subsidiary of the global insurer QBE Insurance Group. The funds will be used to enhance Aurora’s lead algorithmic trading proposition, expa...
Posted: Oct 23, 2024
Send Technology Solutions (Send), a UK-based Insurtech software company, has partnered with Deloitte to deliver Send’s underwriting workbench platform to commercial and specialty carriers worldwide. Send’s Underwriting Workbench is an API-enabled...
Posted: Oct 23, 2024
American International Group, Inc. (AIG) has announced its plans to consolidate and expand its Atlanta-area footprint with the relocation of its Alpharetta and Buckhead operations to a new innovation hub To be located at 2002 Summit Boulevard Nort...
Posted: Oct 23, 2024
Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging co...
Posted: Oct 23, 2024
Catastrophe risk modeller CoreLogic has introduced Navigate, a cloud-based portal offering flexible access to its global suite of over 185 high-fidelity catastrophe risk models. The platform enhances workflows, offering scalability, accessibility,...
Posted: Oct 23, 2024
The London Market Group’s (LMG) Data Council has unveiled a consultation on the structure and fields of its proposed extension of the Core Data Record (CDR) to cover Treaty. According to the announcement, the consultation will run for eight...
Posted: Oct 23, 2024
Broadstone, an independent financial services consultancy, has promoted Jeremy Clack to the newly created role of Head of Commercial Strategy in its Consulting & Actuarial (C&A) division. In this new role, which he will take on in addition...
Posted: Oct 23, 2024
The Australian Securities and Investments Commission (ASIC), Australia’s corporate, markets, and financial services regulator, has commenced court proceedings against QBE Insurance (Australia) Limited, alleging it misled customers about discounts...
Posted: Oct 23, 2024
B.P. Marsh & Partners, the specialist private equity investor, has reported that Net Asset Value increased by £23.7 million to £252.9 million in its half-year results for the six months to July 31, 2024, representing a notable increase from £2...
Posted: Oct 23, 2024
HDI Global, a commercial and specialty lines insurer, has reorganised the management of its HDI Enablers division appointing Eric Joly-Pottuz to manage the Paris-based Alternative Risk Transfer (ART) unit. Etienne de Varax, who managed the unit si...
Posted: Oct 23, 2024
Oliver Wyman and Mercer, businesses of Marsh McLennan, has launched a new pension risk transfer (PRT) longevity model that will enable pension plan sponsors, direct insurers and reinsurers to better price and manage longevity risk. Drawing on Merc...
Posted: Oct 23, 2024
Rokstone, an international speciality re/insurance MGA part of the Aventum Group, has announced a three year binding authority agreement with Aviva for its Direct & Facultative (D&F) property portfolio. According to Rokstone, the facility...
Posted: Oct 23, 2024
Markel, the insurance division of Markel Group Inc., has announced the appointment of Jim Hinchley as Chief Retail Officer for its Specialty division. In this role, Hinchley will lead Markel’s retail strategy, drive profitable growth in exis...
Posted: Oct 23, 2024
Heritage Insurance, a super-regional P&C insurance holding company, expects gross losses from Hurricane Milton to breach the third layer of its reinsurance tower. Milton is expected to incur Heritage approximately $57 million of net current ac...
Posted: Oct 23, 2024
There have been fewer credit rating downgrades in the first half of 2024 compared with the same prior-year period, at the same time upgrades in the US property/casualty insurance segment declined in the same period, AM Best has revealed. Fewer cre...
Posted: Oct 23, 2024
Berkshire Hathaway Specialty Insurance (BHSI), a commercial property, casualty, and specialty insurer, has appointed Kristina Målarbo as the Head of Claims, Nordics, based in Stockholm. Målarbo has 25 years of industry experience overseeing commer...
Posted: Oct 23, 2024
CAC Group, a national insurance broker and advisor, has announced the launch of CyberPeril Pro, a flexible cyber insurance solution aimed at closing coverage gaps in the energy and utility sectors. Adam Lantrip, Executive Vice President, Professio...
Posted: Oct 23, 2024
Concert Group, a privately owned insurance holding company, has appointed Ken Carter to the newly created position of Chief Claims Officer. Based in Buffalo, New York, Carter joined the company on October 8, 2024 from Merchants Insurance Group. In...
Posted: Oct 23, 2024
Qantev, an AI-powered platform transforming the way health and life insurers manage claims, reduce costs, and enhance services, has secured €30 million in a new funding round led by Blossom Capital, a European venture capital firm, with participat...
Posted: Oct 23, 2024
The Board of the Lloyd’s Market Association (LMA) has announced it is adopting a new process for the appointment of a Chair, this includes a timing and procedural change. According to the announcement, following the recommendation of the LMA...
Posted: Oct 22, 2024
Zurich-domiciled catastrophe insurance data provider, PERILS, has released its final industry loss estimate of €639 million for the floods and storms caused by low-pressure systems Babet (Viktor) and Aline (Wolfgang) over the British Isles and nor...
Posted: Oct 22, 2024
A recent study by Gallagher Re, a global reinsurance broker, analysed Bitsight’s security performance data from 62,000 organisations across 67 countries, along with Gallagher Re’s proprietary data on cybersecurity incidents and claims....
Posted: Oct 22, 2024
HDI Global Insurance Company (HGIC), the US subsidiary of HDI Global SE (HDI), has appointed 35-year industry veteran Thomas Long as US Casualty Lead. In his new role, Long will be based out of the company’s US headquarters in Chicago, IL. He will...
Posted: Oct 22, 2024
Chicago-domiciled insurer, CNA Financial Corporation expects to report pretax net catastrophe losses of $143 million for Q3 2024 in its results. Approximately 75% of the catastrophe losses are associated with four larger events, including $55 mill...
Posted: Oct 22, 2024
Selective Insurance Group, Inc. has announced it financial result for the third quarter of 2024, reporting an improved net income of $90.0 million and $1,157.6 million net premiums written (NPW). According to the insurer, NPW increased 9% from a y...
Posted: Oct 22, 2024