Reinsurance News
Argenta has strengthened its D&F Property Team with the appointment of Sarah Reeve as Senior Underwriter, a London-based role. Reeve will be joining Hannah Wyatt, Unit Head of Open Market Property, and James Blackwell, Divisional Head of Prope...
Posted: Oct 17, 2024
Lilypad Insurance Holdings has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, effective September 30th, 2024, following the receipt of all necessary regulatory approvals. The strategic ac...
Posted: Oct 17, 2024
AXA XL has grown its presence in the Australia market by appointing Chris McElroy and Amanda Rattue as Senior Underwriters for Property and Financial Lines respectively, while also naming Trent Jeuring as Senior Underwriter, Casualty. McElroy join...
Posted: Oct 17, 2024
Cytora, a digital risk processing platform, has teamed up with Meetrisk, a provider of advanced marine risk intelligence. This collaboration integrates Meetrisk’s Marine Platform into Cytora’s sophisticated underwriting productivity to...
Posted: Oct 17, 2024
Dallas-domiciled surplus lines insurance carrier, AM Specialty Insurance Company (ASIC), has entered a strategic capital partnership with Veritex Bank by obtaining a $20 million senior secured loan facility through a private placement with Veritex...
Posted: Oct 17, 2024
AXA Insurance has renamed its China reinsurance business, XL Re China, to AXA International Re, according to finews.asia. This reportedly follows AXA’s acquisition of the mainland China unit in April. Sally Wan, CEO of AXA Greater China, commented...
Posted: Oct 17, 2024
Insurer HCI Group expects to pay between $600 million and $750 million to policyholders across all three events, with net retained losses for the company far lower at around $185 million as a result of its comprehensive reinsurance arrangements. T...
Posted: Oct 17, 2024
Starwind Specialty Insurance Services, has launched a new Political Violence and Terrorism (PVT) program – Starwind PVT, and has appointed Chris Kirby to lead as Program President. Launched on October 1, the PVT program is focused on providi...
Posted: Oct 17, 2024
Growth opportunities are emerging for insurers as demand for private coverage rises among Asia’s growing senior population, according to a recent report by Reinsurance Group of America, Incorporated (RGA). The report is based on a survey of...
Posted: Oct 17, 2024
Cyber risk solutions company Resilience has appointed industry veteran and former CrowdStrike executive, Matthew Polly as Chief Revenue Officer (CRO). As Resilience’s primary revenue strategist, Polly will help accelerate all existing and future r...
Posted: Oct 17, 2024
Coalition, an active insurer focused on preventing digital risks, has launched a service dedicated to recovering funds stolen by cyber attackers in the UK. Designed to intercept funds in the banking system before an attacker can move them, the cyb...
Posted: Oct 17, 2024
Applied Underwriters Aerospace, a division of Applied Underwriters specialising in insurance and risk management for the aerospace and space exploration industries, has expanded its role as the space insurance market experiences significant change...
Posted: Oct 17, 2024
Demand for re/insurance is up as the world experiences increasing uncertainty, and this volatile environment and elevated risk landscape creates both challenges and opportunities for insurers and reinsurers in Europe, said Swiss Re’s Leopoldo Cama...
Posted: Oct 16, 2024
Lloyd’s global insurer and reinsurer MS Amlin has expanded its partnership with data insight specialist Synectics in a strategic move that will enhance fraud detection and prevention measures at the quote, policy, and claims stages, across m...
Posted: Oct 16, 2024
Independent specialist insurance and reinsurance broker Miller has announced the appointment of Clare Lebecq as Chief Operating Officer, effective 2 December, 2024. In her new role, Lebecq will leverage her extensive experience in both retail and...
Posted: Oct 16, 2024
AXA Climate, an arm of the global insurance group AXA, has renewed its partnership with AXA México and ClimateSeed this year to continue supporting a vital mangrove protection project. This collaboration aims to provide a parametric insurance prod...
Posted: Oct 16, 2024
Optio Group, a specialty managing general agent (MGA) has announced the appointment of Marc Van der Veer to the newly created role of managing director, Europe, effective immediately. In his newly assumed position, Van der Veer will be tasked with...
Posted: Oct 16, 2024
Chief Executive Officer (CEO) of MS Amlin Asia Pacific, William Ho, in a recent video interview with our insurance-linked securities (ILS) focused sister publication, Artemis, discussed the re/insurer’s series of Phoenix sidecar transactions...
Posted: Oct 16, 2024
DeNexus, a provider of cyber risk modelling solutions, has raised $17.5 million in a Series A funding round led by Punja Global Ventures with participation from AXA XL, Prosegur/SegTech and HCS Capital. From what Reinsurance News understands, DeNe...
Posted: Oct 16, 2024
McLarens, a claims services provider, has appointed Alistair Jacob to the newly established position of Head of London International. Based in the Lime Street office in the City of London, Jacob will report to Steven Wallace, Managing Director for...
Posted: Oct 16, 2024
Insurance and reinsurance companies can use climate-related disclosure data to reveal business-critical risk insights, point to growth opportunities and lift the quality of their underwriting, according to Swiss Re’s Paloma Quiroga. In a recent in...
Posted: Oct 16, 2024
In the first 9 months of 2024, losses covered by the private insurance market or public insurance entities totalled at least $108 billion, 5% higher than the decadal average of $102 billion, driven by a higher frequency of low/mid-size events, esp...
Posted: Oct 16, 2024
According to the Extreme Event Solutions group at Verisk, insured industry losses to onshore property for Hurricane Milton will range between $30 billion and $50 billion. The firm explained that this estimate includes losses due to wind, privately...
Posted: Oct 16, 2024
Digital insurance company Embroker has partnered with Everspan, the specialty property and casualty insurer, in a move that is expected to further enhance the digital insurance experience. Through this strategic partnership, Everspan now underwrit...
Posted: Oct 16, 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual, has appointed Cara Sweeney as Specialty Casualty Underwriting Manager, based in Stamford. In her new role, Sweeney’s responsibilities includes oversight of the underw...
Posted: Oct 16, 2024