Reinsurance News
White Mountains Insurance Group, has appointed Giles Harrison as Executive Vice President and Chief Strategy Officer, and named Liam Caffrey President of White Mountains. Harrison, who will take over his new role on June 10, 2024, is joining White...
Posted: Apr 10, 2024
Alliant Insurance Services, an insurance brokerage and consulting firm, has expanded its presence in California through the recent acquisition of Vinsa Insurance Associates within its Alliant Public Entity division. Vinsa is an independent propert...
Posted: Apr 10, 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI’s Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup s...
Posted: Apr 10, 2024
The Insurance Development Forum (IDF) has announced its intention to facilitate investments in robust infrastructure within the insurance sector to enhance the resilience of vulnerable communities in emerging economies against climate change and n...
Posted: Apr 10, 2024
Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has bee...
Posted: Apr 10, 2024
The London Market Group has announced that Sarah Hughes, CEO of Howden Specialty, has been added to its board as a representative of London & International Insurance Brokers Association (LIIBA). An experienced veteran across the sector, Hughes...
Posted: Apr 10, 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration “represents a unique approach to helping companies assess and mitiga...
Posted: Apr 10, 2024
The Insurance Council of Australia (ICA) has declared the severe storm that hit the country at the beginning of April a ‘Significant Event’. Insurers have received 11,527 claims to date from the storms that caused heavy rainfall, damaging winds an...
Posted: Apr 10, 2024
Arch Insurance International has promoted Sebastian Terry to Head of Accident & Health (A&H) and Georgina Raeburn to Senior A&H Underwriter, both effective immediately. Terry holds around 20 years of A&H underwriting experience, ha...
Posted: Apr 10, 2024
Miller, the independent specialist insurance and reinsurance brokerage, has appointed Nick Rnjak as the Client Advocate for its Onshore energy team, based in London. Rnjak will report to Martin Henderson, Head of Energy & Construction. His rem...
Posted: Apr 10, 2024
Qubit Underwriting, a Managing General Agent (MGA) recently launched in Hong Kong specialising in digital asset insurance, has successfully completed its Pre-Series A fundraising. The raised funds will help to fuel Qubit’s expansion efforts to rea...
Posted: Apr 10, 2024
The reinsurance sector exhibited strong overall performance in Q1, achieving an impressive +42% total return on equity, as highlighted in ACORD’s initial Global Insurance Stock Index Update for 2024. ACORD, the standards-setting body for the...
Posted: Apr 10, 2024
South Africa-based Yard Insurance has launched its new reinsurance risk solutions for the energy sector. The company assists the energy sector to mitigate their unique risks against potential catastrophic losses like weather, rehabilitation and ot...
Posted: Apr 10, 2024
Expanding on its existing partnership with BNP Paribas Cardif, digital insurance company Lemonade has launched Homeowners insurance in France. Lemonade noted that with its European business making significant strides in 2023, the launch of Homeown...
Posted: Apr 10, 2024
Upfort, a cutting-edge cyber security and insurance platform, has expanded its leadership team with the appointment of cyber security and insurance expert Brett Sadoff to its advisory board. In this role, Sadoff is responsible for helping to steer...
Posted: Apr 10, 2024
Boost Insurance, the insurance infrastructure platform, has partnered with Amwins Program Underwriters, part of Amwins Underwriting Division, to launch an enhanced, technology-enabled version of Lawyers Professional Liability (LPL) programs along...
Posted: Apr 10, 2024
Re/insurers are essential to rolling out the climate technology needed for industries to decarbonise, according to a recent report by The Geneva Association, the global association of insurance companies. In a race to meet global climate targets,...
Posted: Apr 09, 2024
Summit has recently secured $3.5 million in seed funding, marking a significant step towards its long-term objective of building the commercial insurance brokerage of the future. This investment was led by IA Capital Group, with additional funding...
Posted: Apr 09, 2024
As per a new Berenberg report, reinsurers and alternative capital providers have become increasingly confident in deploying more capital to grow in the hard market following a record year in 2023. According to Berenberg, this dynamic is currently...
Posted: Apr 09, 2024
WTW, the global re/insurance broker has announced that Mary J. Bahna-Nolan has joined the firm as a Senior Director on the North American Insurance Consulting & Technology (ICT) team, where she will be based in Chicago. In the role, she will r...
Posted: Apr 09, 2024
Ardonagh Advisory has expanded its presence in the northwest of England with the recent acquisition of Southport Insurance Brokers Limited (SIB Insurance), an independent commercial broker. Founded in 1965, SIB Insurance is a well-established regi...
Posted: Apr 09, 2024
GeoVera Insurance Holdings, Ltd. has announced its plans to sell its managing general agent business, GeoVera Advantage Insurance Services, Inc., to SageSure; once the deal closes, a new entity named GeoVera Nova Holdings, Inc. (GeoVera Nova) will...
Posted: Apr 09, 2024
Latin Re, the Brazilian independent reinsurance brokerage, has appointed Diogo Costa as the Head of Oil & Gas and Construction. This appointment aims to strengthen the broker’s market position in the Latin American market, consolidating its re...
Posted: Apr 09, 2024
Catastrophe bond issuance in the first quarter of 2024 reached a huge $4.23 billion, which is a record for the opening quarter of the year, and comes in 30% above the Q1 2023 total and 37% above the 10-year average for the quarter, according to ou...
Posted: Apr 09, 2024
Global insurtech Novidea has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL...
Posted: Apr 09, 2024