Reinsurance News
Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded downgrades for AM Best-rated Asia-Pacific re/insurers in 2023, primarily driven by improved balance sheet strength and favorable operating performance. A new report released by AM Be...
Posted: Sep 24, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Abby Daugherty as Vice President. Daugherty will establish and oversee a new binding office in Phoenix, Arizona. This expansion reinforces CR...
Posted: Sep 24, 2024
Westfield, a US property and casualty insurer, has announced the appointment of Andy Rose as Vice President (VP) of Small Business. In his new role, Rose will lead Westfield’s Small Business division, focusing on driving profitable growth by...
Posted: Sep 24, 2024
Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure comm...
Posted: Sep 23, 2024
Gallagher UK has announced the appointment of Nina Duft in the joint role of Chief Finance Officer (CFO) and Chief Operations Officer (COO) for Europe. Duft is an experienced finance professional with a strong track record in financial reporting,...
Posted: Sep 23, 2024
kWh Analytics, a provider of climate insurance for renewable energy assets, has announced a new $2.4 million partnership with the US Department of Energy’s Solar Energy Technologies Office (SETO) through the Materials, Operation, and Recycli...
Posted: Sep 23, 2024
Global cyber insurtech BOXX Insurance has announced the appointment of Christyn Yoast as President, BOXX USA, to drive expansion and oversee the company’s strategic direction in the United States. Hilario Itriago, the former BOXX USA leader, will...
Posted: Sep 23, 2024
The presence of any data related to an organisation on the dark web increases its risk of cyberattacks, according to a study by Searchlight Cyber and the Marsh McLennan Cyber Risk Intelligence Center. The Center examined Searchlight’s dark web dat...
Posted: Sep 23, 2024
During the first six months of 2024 net income for the US life/annuity (L/A) insurance sector increased by 7.1% over the same prior year period to $14.1 billion, driven primarily by lower realised capital losses, according to a new report from AM...
Posted: Sep 23, 2024
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has appointed HDI Global’s Nuno Antunes as Global Head of Multinational Services, and Ning Xu as Manager, Multinational Network Partners. A renowned veteran...
Posted: Sep 23, 2024
Placing Platform Limited (PPL) has launched its new Express Contract functionality, a fast-track process that makes it quicker and easier for brokers to bind risks. In pre-launch testing, the time taken to create a single contract placement was si...
Posted: Sep 23, 2024
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has expanded Hassan Karim’s role to Head of Customer & Distribution Management for Asia Pacific (APAC) and appointed Devpriya Misra as Client Solutions Lead. Bef...
Posted: Sep 23, 2024
WISE Insurance Services recently announced that Yubeom Kim has joined its reinsurance team as Director. In a recent LinkedIn post, Won Lee, Head of Reinsurance at WISE, expressed enthusiasm for Kim’s appointment, stating, “We are excited about the...
Posted: Sep 23, 2024
Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings refl...
Posted: Sep 23, 2024
Howden, the insurance intermediary group, has launched the Howden Resilience Laboratory, a digital innovation hub designed to transform how clients evaluate and manage climate risks. Developed by Howden and powered by Microsoft’s cloud services–Az...
Posted: Sep 23, 2024
Broking group Aon has selected Jon Pipe as Head of Commercial Risk, Asia with effect from November 2024. Pipe has 18+ years of experience with Aon, and has worked within the London, Hong Kong and Indonesia markets. In April 2019, he relocated to I...
Posted: Sep 23, 2024
The Fidelis Partnership has completed a “landmark” $2 billion refinancing transaction from Blackstone Credit & Insurance, Oak Hill Advisors, Barings, PNC and Barclays. According to the firm, the transaction will support its growth...
Posted: Sep 23, 2024
Lloyd’s global re/insurer MS Amlin has hired Direct Line Group’s Emma Snowdon as Head of Capital Management and Investments, where she will be based in London, reporting to Chief Finance Officer, Jessie Burrows. As Head of Capital Mana...
Posted: Sep 23, 2024
Zurich-based catastrophe insurance data provider PERILS AG and CyberAcuView have announced the expansion of the US Cyber Industry Loss Index with unintentional (‘accidental’) loss events commencing 1 October 2024. Since launching in September 2023...
Posted: Sep 23, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Debbie Goldstine as Chief Growth Officer, Global Partners, based in Chicago, working with clients, markets and colleagues globally. Goldstine joins Lockton Re from...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to $800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at compet...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to NZ$800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at comp...
Posted: Sep 23, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Rébiah Bardot-Girard and Jarek Klimczak to its Risk Consulting Leadership Team. Bardot-Girard, who has been part of A...
Posted: Sep 23, 2024
Ebix Inc., a provider of on-demand software and e-commerce solutions for industries including insurance, finance, healthcare, and e-learning, has announced that it has successfully completed its Chapter 11 restructuring. The company has emerged wi...
Posted: Sep 23, 2024
Homeowners and renters insurance costs have now surpassed both the rate of inflation and the average rate increases experienced by auto insurance customers, according to the J.D. Power 2024 US Home Insurance Study. Data from the report shows that...
Posted: Sep 23, 2024