Reinsurance News
Broking group Aon has revealed a market loss estimate for the Central Europe Flooding in September 2024, caused by Storm Boris, of €1.65 billion. According to the firm’s Event Response report, the deadly flooding resulted from an extreme amo...
Posted: Sep 27, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Mark Flanagan as the Head of Property & Casualty, Bermuda, reporting to Noel Pearman, Chief Underwriting Officer, Bermuda within AXA...
Posted: Sep 27, 2024
Antimicrobial resistance (AMR), referred to as “the silent pandemic” by World Health Organisation (WHO), is an evolving risk with the potential to severely disrupt healthcare systems worldwide; a challenge that needs increased awareness and...
Posted: Sep 27, 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Winnie Chu as Head of Financial Lines Underwriting, Asia, and Joshua Lynch as Head of Business Development, Asia, both effective Sept...
Posted: Sep 27, 2024
Helios Underwriting has reported that gross written premiums (GWP) increased to £230 million in the first half of 2024 on the back of 65% growth of the capacity portfolio to £512 million for the 2024 underwriting year. The investment company, who...
Posted: Sep 27, 2024
RISCS CWC, an independent consultancy providing innovative captive & ART strategic risk advice to clients, has appointed Darlington Munhuwani as a Partner to work alongside existing Cape Town-based Partner, David Rose Innes to support the deve...
Posted: Sep 27, 2024
The Fidelis Partnership’s wholly-owned subsidiary Pine Walk Capital Limited has launched its latest MGA, Seraphina. Seraphina will reportedly write a broad portfolio of International Property business, “complementing and diversifying&#...
Posted: Sep 27, 2024
Global reinsurer Active Re strengthens its presence in the Caribbean with the opening of new offices on Barbados, a significant step in the company’s branding strategy. By establishing a local team dedicated to addressing the unique requirements o...
Posted: Sep 27, 2024
Milliman, a global consulting and actuarial firm, has announced that its Chair of the Board, Ken Mungan, will retire in early 2025 after completing a full 10-year, term-limited tenure. Mungan’s leadership has been marked by significant growth, exp...
Posted: Sep 27, 2024
Hurricane Helene made landfall in the Big Bend region of Florida shortly after 11pm local time on Thursday night as a powerful Category 4 storm, with maximum sustained winds of 140 mph Helene is reportedly the strongest storm on record to make lan...
Posted: Sep 27, 2024
Acrisure has announced that Robin Benoit will officially assume the role of Chief People Officer on September 29, 2024, after serving in an interim capacity since March. According to the firm, Benoit will oversee the strategic direction of its hum...
Posted: Sep 27, 2024
The insurance industry is facing a recruitment challenge, driven by an ageing workforce nearing retirement and a dwindling talent pipeline, according to The Re Report by Free Partners LLP, a consulting firm specialising in research and strategic i...
Posted: Sep 27, 2024
With the increase of extreme natural catastrophes, the importance of re/insurance in providing creative risk management solutions for climate-related disasters has become clear despite concerns that some of these risks can be uninsurable, Rupert P...
Posted: Sep 26, 2024
Intangic, a US-domiciled technology risk platform, has appointed Joshua Cryer as Director of Client Solutions. In his new role, Cryer’s remit includes being responsible for Intangic’s client solutions, he reports to Ryan Dodd, Founder and Ch...
Posted: Sep 26, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager globally, has announced the establishment of SRS Italy. Based in Milan, SRS Italy will be the first specialised provider of insurance management services specifically for cap...
Posted: Sep 26, 2024
Global insurance broker Acrisure has expanded its operations with the opening of a new office in Hamilton, Bermuda, focusing on wholesale insurance broking for its global clients. This new capability, trading as Acrisure Bermuda Limited under the...
Posted: Sep 26, 2024
Beazley, the specialist insurer, has revealed AI to be the biggest challenge facing digital health and wellness firms globally as they ramp up its integration into their systems. Beazley’s Digital Health & Wellness 2024 report is a surve...
Posted: Sep 26, 2024
Descartes has appointed Cyril Blin as Principal Underwriter, Technical Risks, and Benjamin Lambert as Senior Credit Underwriting Manager, Credit & Political Risk Insurance (Single Risk). According to the firm, the appointment of these two expe...
Posted: Sep 26, 2024
Demand for disaster relief has surpassed the ‘deductible’ threshold, triggering, for the first time, an insurance payout by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response Emergency Fund (IFRC-DREF). The IFR...
Posted: Sep 26, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Paul Daniel as Head of Global Property Reinsurance, effective October 28, 2024. In his new role, based in London, Daniel will be...
Posted: Sep 26, 2024
West P&I, a global insurance provider for the maritime and offshore industries, has announced the appointment of Cai Xuanlun (XL) as the new CEO of its Hong Kong office, effective December 2024. Xuanlun will take over from Richard Macnamara, w...
Posted: Sep 26, 2024
As the PRA marks the first anniversary of its Secondary Competitiveness and Growth Objective (SCGO), the regulator’s Director of Insurance Supervision, Shoib Khan, has highlighted a series of new initiatives designed to maintain trust in the...
Posted: Sep 26, 2024
The impact of the floods resulting from Storm Boris in Central Europe on rated insurers’ property and casualty (P&C) underwriting performance will be manageable, S&P analysts expect. A slow-moving storm caused days of intense rainfal...
Posted: Sep 26, 2024
Hurricane Helene is in the Gulf of Mexico with maximum sustained winds near 90 mph with higher gusts, and strengthening is expected as it heads towards Florida, currently forecast to make landfall on the Big Bend coast as a major Category 3 storm...
Posted: Sep 26, 2024
Resolution Re, the Bermudian reinsurance platform of global life insurance group, Resolution Life, has entered into a new UK Pension Risk Transfer (PRT) reinsurance deal with a leading UK-regulated insurer. Resolution Life’s other two transactions...
Posted: Sep 26, 2024