Reinsurance News
Independent specialist insurance and reinsurance broker Miller has promoted Tim Nagle as Head of Miller Europe. Nagle joined the broker in 2020, his additional responsibilities will include building on his relationships with Miller’s European part...
Posted: Oct 11, 2024
After Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky shared encouraging updates regarding the state’s property insurance market. Recent announcements from Progressive, State Farm, and the...
Posted: Oct 11, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointments of three new professionals to its team. Sam Sigmon has been appointed as an underwriter in CRC Group’s Dallas, TX (Walnut Hill) office. He join...
Posted: Oct 11, 2024
Distinguished Programs, a national insurance program manager, announced an expanded partnership with Berkley Program Specialists, to underwrite its Community Associations Crime and D&O products. Starting January 1, 2025, Distinguished will ini...
Posted: Oct 11, 2024
AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the...
Posted: Oct 10, 2024
Howden Re, the reinsurance arm of Howden, has announced the hire of Grange Turner and Tom Finch who will be joining its Motor Reinsurance and Prospective Capital Solutions, respectively. Sebastian Cook, Deputy CEO, Howden Re International, comment...
Posted: Oct 10, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Emma Crookes as Global Head of the insurance vertical. The insurance vertical delivers Aon’s full range of capabilities to re/insurance clients, offering relevant insight...
Posted: Oct 10, 2024
Hurricane Milton can still drive property catastrophe reinsurance prices higher at January 1 renewals, but perhaps only at a low pace, analysts at Keefe, Bruyette & Woods (KBW) suggest. Late last night Hurricane Milton made landfall as a Categ...
Posted: Oct 10, 2024
Zurich North America, a commercial property and casualty insurer, has appointed Nora Hattauer as Head of Financial Lines for its U.S. National Accounts and Middle Market businesses. Based in Atlanta, Hattauer will oversee the direction, management...
Posted: Oct 10, 2024
Munich Re Specialty, part of the Munich Re Group insurance operations, has established a Spanish branch of Munich Re Risk Solutions Ireland Limited, making its first steps into commercial market for primary specialty insurance in the country. The...
Posted: Oct 10, 2024
PGIM Multi-Asset Solutions (PMA), the solutions specialist of PGIM, has announced the appointment of Mao Dong as Co-Head of Portfolio Management. PGIM was recently selected as the asset manager for an $11 billion reinsurance transaction by Prudent...
Posted: Oct 10, 2024
A new study conducted by insurance and reinsurance broking group Aon and the National Center for the Middle Market (NCMM), has revealed two key trends that are supporting the growth of middle market businesses: workforce dynamics and technology ad...
Posted: Oct 10, 2024
As the US presidential election approaches, the potential for political violence, including large-scale protests, is increasing due to the current volatile political landscape, according to data from Verisk’s global risk unit. This election is one...
Posted: Oct 10, 2024
Blue Ocean Reinsurance Group, the newly established managing general agent (MGA) platform, has added three key professionals to its expanding team: Nico Kleine Punte, joins the leadership group to oversee the firm’s accounting operations, De...
Posted: Oct 10, 2024
With Hurricane Milton recently making landfall near Sarasota, Florida, as a Category 3 major hurricane, Icosa Investments has updated its estimates for insured losses to between $20 billion and $60 billion, adding the range is still subject to cha...
Posted: Oct 10, 2024
hyperexponential, a pricing platform for global re/insurers, has launched its first templated reinsurance model aimed for treaty reinsurance, including Excess of Loss (XoL). This move, hyperexponential stated, marks the company’s next stage...
Posted: Oct 10, 2024
Placing Platform Limited (PPL) has entered a multi-year agreement with Microsoft to accelerate its transition from a transaction platform to a data-driven trading hub. This collaboration will see the integration of Microsoft’s data and AI capabili...
Posted: Oct 10, 2024
Starwind Specialty Insurance Services, a division of CRC Group, has introduced a new environmental unit, which will be led by Mike Padula. In this position, Padula will oversee the creation of a comprehensive range of environmental products, posit...
Posted: Oct 10, 2024
In a new commentary, AM Best warns that Hurricane Milton poses a significant threat to the Florida-concentrated property insurers that lack diversification. AM Best believes that diversified, large insurers and reinsurers would be able to absorb l...
Posted: Oct 10, 2024
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has reported significant growth as it marks the first anniversary of its expansion into the UK. From January to June 2024 alone, Cowbell’s results show contin...
Posted: Oct 10, 2024
In their pre-landfall loss forecasts for Hurricane Milton, Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re, said private insurance market losses ranging from $30 billion to $40 billion could be expected, while BMS Group’s Sen...
Posted: Oct 10, 2024
Given that many primary P&C insurers are already near their 2024 catastrophe budgets due to H1 losses, S&P believes Hurricane Milton, along with other weather-related losses, could fully exhaust these budgets. However, reinsurers may still...
Posted: Oct 10, 2024
Home insurance firm Hippo has appointed 25-year industry veteran, William Malone as the Vice President, Head of Agency effective immediately. Malone will lead Hippo’s sales, account management, and customer support functions. He has previous...
Posted: Oct 10, 2024
Global insurance broker WTW and Keylane, a policy administration system provider in the Netherlands, have partnered to help insurers enhance their real-time pricing and speed to market. According to the announcement, this collaboration will help t...
Posted: Oct 10, 2024
The Centre for Disaster Protection, an organisation focused on enhancing financial support and preparedness for disaster response in low- and middle-income countries, presents its latest annual report, The State of Pre-arranged Financing for Disas...
Posted: Oct 10, 2024