Reinsurance News
McGriff, a US-based retail insurance broker, has announced its acquisition of Amity Benefits, a full-service retail employee benefits brokerage located in Tampa, Florida. Mike Breedlove, National Sales and Growth Leader at McGriff, expressed enthu...
Posted: Oct 03, 2024
After almost nine years with Munich Re America, part of the global re/insurance group, Daniel Boisvert has joined Odyssey Reinsurance Company as Senior Vice President (SVP) for its Property Treaty division. Based in Stamford, Connecticut, Boisvert...
Posted: Oct 03, 2024
According to catastrophe risk modelling specialist, Karen Clark & Company (KCC), privately insured losses from hurricane Helene will near $6.4 billion, driven by wind, storm surge, and inland flooding across nine states. A Category 4 storm wit...
Posted: Oct 03, 2024
The insurance broking arm of India’s Mahindra Finance, Mahindra Insurance Brokers Ltd (MIBL), is looking to enhance its reinsurance services across the Middle East and Africa with the launch of its reinsurance division in Dubai’s Inter...
Posted: Oct 03, 2024
Skyward Specialty, a property and casualty (P&C) insurer, has announced the expansion of its renewable energy solutions. As the renewable energy sector rapidly grows, the demand for specialised risk management is increasing, yet many risks rem...
Posted: Oct 03, 2024
Global specialty re/insurance group Chaucer has hired Iryna Chekanava as a Senior Innovation Underwriter, who joins from Lloyd’s, where she was the senior manager for innovation growth and partnership at the Lloyd’s Lab. In her new role, Chekanava...
Posted: Oct 03, 2024
OneDegree Group, a provider of cybersecurity and insurance solutions, has reached its first operating profit in the third quarter of 2024, marking a significant milestone for both the group and its insurance division. The company’s success can be...
Posted: Oct 03, 2024
The Insurance Institute of London, a professional organisation for insurance and risk management professionals, has announced Lucy Clarke as its President for 2024-25. Clarke joined WTW in 2024, bringing with her more than 25 years of industry exp...
Posted: Oct 03, 2024
Vaibhavi Mehta has joined CCR Re as Director of Underwriting (Life), a Paris-based role, following her year tenure at Reinsurance Group of America (RGA). Mehta brings to her new role 17 years’ experience within the field of reinsurance and consult...
Posted: Oct 02, 2024
Broker Insights, a data and distribution platform linking UK insurance brokers with insurance companies, has named Barbara Miller as the Head of Broker Engagement, a newly established role. Miller brings two decades of experience in financial serv...
Posted: Oct 02, 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual, and Safehub, a technology provider in seismic sensor and risk management solutions, have entered into a partnership with the University of California (UC) to protect their...
Posted: Oct 02, 2024
Specialty insurer Mosaic Insurance has appointed Francesca Harland as its Global Head of Professional Liability, replacing Anna Jay, who was named the company’s new Active Underwriter, Syndicate 1609, in July. According to the announcement, these...
Posted: Oct 02, 2024
Independent insurance broker Lockton has launched a new dedicated Offshore Projects Practice to navigate complex Energy, Marine and Power risks, to be headed by Jack Swift, David Vajnai and Alex Morgan. The offshore industry faces challenges in se...
Posted: Oct 02, 2024
Specialty insurer Beazley predicts that the cyber insurance market will grow from $15 billion in 2024 to $40 billion by 2030, driven by increasing demand due to rising cyber threats and costs, as the firm continues to manage its exposure amid prem...
Posted: Oct 02, 2024
US insurers saw a second consecutive year of declining income from their private equity investments, which fell to $7.7 billion in 2023, down from $10.2 billion in 2022, according to AM Best, the credit rating agency. A recent Best’s Special Repor...
Posted: Oct 02, 2024
Ageas Re, the reinsurance brand of international insurance firm Ageas, has appointed Sylvie Hirn to head its Credit & Bond business. In a statement, Joachim Racz, CEO Ageas Re, said: “Sylvie brings a wealth of experience both on the dire...
Posted: Oct 02, 2024
Pension Insurance Corporation plc (PIC), a specialist insurer for defined benefit pension schemes, has disclosed that in a recent poll of 140 trustees, consultants, and lawyers working in the bulk annuity market, 47% expected the market size next...
Posted: Oct 02, 2024
Markel, the insurance division of Markel Group Inc., has made three significant appointments as part of its strategy to expand its International Casualty portfolio and enhance its Wholesale Claims service for broker partners. Lauren Percival has b...
Posted: Oct 02, 2024
FCCI Insurance Group has introduced FCCI Specialty Insurance Company, now offering Excess and Surplus (E&S) lines coverage. This marks an important expansion of FCCI’s services, providing innovative coverage solutions for businesses across var...
Posted: Oct 02, 2024
Global ratings agency AM Best announced that James A. Gillard Jr. will succeed Matthew C. Mosher as President of A.M. Best Rating Services, Inc. (AMBRS), effective September 30th, 2024. In his new role, he will assume Mosher’s responsibilities of...
Posted: Oct 02, 2024
The Cyber Monitoring Centre (CMC) has partnered with Parametrix Analytics, a newly established provider of cloud risk analytics services, to examine cloud exposure and the effects of cloud outages on UK organisations. An initial project is underwa...
Posted: Oct 02, 2024
Global insurance broker WTW has entered into a co-brokerage arrangement with The J. Morey Company, Inc., an Ori-gen family company, to provide tailored insurance solutions by joining resources and industry expertise. This agreement aims to align r...
Posted: Oct 02, 2024
Simon Collings has been appointed to the newly created executive role of Chief Broking Officer for Gallagher, subject to regulatory approval, and will report to Michael Rea, the broker’s Chief Executive Officer in the UK. Joining the UK executive...
Posted: Oct 02, 2024
Oceanview Reinsurance Ltd., the Bermuda-domiciled reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Michael C. Ward as Vice President (VP) and Chief Financial Officer (CFO). His appointment follows Oceanview’s recent expansion...
Posted: Oct 02, 2024
As large-scale flooding increasingly contributes to global insured losses, accounting for $14 billion of 2023’s insured nat cat loss total, according to reinsurer Swiss Re, flood risk intelligence firm Fathom has launched Global Flood Cat, a...
Posted: Oct 02, 2024