Reinsurance News
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
CFC, an insurance provider and specialist in emerging risks and cyber insurance, has announced the opening of its first office in Spain. Following its expansion into North America and Australia earlier in 2024, the new Madrid office represents ano...
Posted: Sep 26, 2024
Africa Specialty Risks (ASR), the pan-African and Middle East-focused re/insurance group, has appointed Aurélien Sauty to lead its new Marine and Aviation divisions, as Head of Marine and Aviation. The appointment and strategic expansion further e...
Posted: Sep 26, 2024
The shareholders of PSC Insurance Group Limited have approved Ardonagh’s proposed acquisition, as revealed by the independent insurance broking platform. Back in May, it was announced that Ardonagh had entered into a Scheme Implementation De...
Posted: Sep 26, 2024
Fidelis Insurance Group, the global specialty insurer, has promoted Aoife Woulfe to the role of Chief Underwriting Officer (CUO) of Ireland. Woulfe joined Fidelis in May of this year as Head of Underwriting, Ireland, after spending more than a dec...
Posted: Sep 26, 2024