Reinsurance News
Acrisure, a global fintech, has created a newly dedicated Life and Health (L&H) business segment falling under the company’s previously announced Wholesure division. Wholesure comprises Acrisure’s Property & Casualty wholesale lines of bus...
Posted: Apr 05, 2024
American Integrity, a Florida-based property insurer, has launched a new product called ValueGuard Property Insurance, aiming to provide essential home protection for Florida residents at a more affordable price. Tailored specifically for the need...
Posted: Apr 05, 2024
Farmers Insurance has recently announced the appointment of John Griek to the position of Chief Financial Officer (CFO). In his new role, Griek will directly report to Raul Vargas, President of Distribution, Life, and Financial Services, and will...
Posted: Apr 05, 2024
In an undisclosed transaction, private equity firm Brera Partners has acquired 70% of the shares in Italian insurance broker GBSAPRI Group. According to the announcement, the firm has made this acquisition with the strategy to drive consolidation...
Posted: Apr 05, 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, recently announced the appointment of Alison Rand to its Board of Directors. Tony Cheng, President and CEO of RGA, praises Rand’s leadership, stating, “Throughout Alison...
Posted: Apr 04, 2024
Hadron, a specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, has appointed Sam Reeder as Chief Executive Officer (CEO). AS CEO Reeder is to build...
Posted: Apr 04, 2024
Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL. Western U.S.-headquartered Global Ag is a crop insurance provider offering solu...
Posted: Apr 04, 2024
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has made two executive promotions, as Sahar Sabouni, Head of Employee Success becomes Chief People Officer, and Dan Palardy, Lead Actuary, becomes Chief Actuary....
Posted: Apr 04, 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-ba...
Posted: Apr 04, 2024
As per Christie Lee, senior director – head of analytics, AM Best, a significant amount of losses from the 7.2 magnitude earthquake that recently struck Taiwan could come from business interruption (BI) coverage. The earthquake, which hit near the...
Posted: Apr 04, 2024
Striior Insurance Solutions, a managing general agent (MGA) specialising in builder’s risk, has partnered with Green Shield, a US-based catastrophe risk mitigation specialist, to improve performance and support strategic growth through “unmatched...
Posted: Apr 04, 2024
Global mergers and acquisitions (M&A) activity saw a modest rise in completed deals during the first quarter of 2024 compared to the same period last year, according to research from WTW’s Quarterly Deal Performance Monitor (QDPM). Data has re...
Posted: Apr 04, 2024
Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace providing rapid access to firm, bindable quotes from multiple carriers, aiming to combine the convenience of online quoting with the scale of the nation’s largest P&#...
Posted: Apr 04, 2024
Aon, the global insurance and reinsurance broker, has released its latest Reinsurance Market Dynamics report, revealing that the 1/1 and April 1 2024 renewals set the stage for a more comprehensible market for reinsurance buyers throughout mid-yea...
Posted: Apr 04, 2024
Berkshire Hathaway Specialty Insurance (BHSI), has announced the appointment of Chres Lee as Head of Transactional Liability in Canada. Lee brings to her new role 15 years of combined professional experience in Law, Executive Management and Commun...
Posted: Apr 04, 2024
MultiStrat, the specialist underwriter and reinsurance investment platform, has deployed $1.75 billion in capital through its deals so far and is targeting further “significant growth” in 2024. At the same time, the firm has reached the 10 year an...
Posted: Apr 04, 2024
The Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on the property insurance market, according to the state’s Insurance Commissioner Michael Yaworsky. Yaworsky’s comme...
Posted: Apr 04, 2024
Suncorp Group Limited has signed a share sale and purchase agreement with Resolution Life NOHC, Resolution Life Group’s holding company in Australia and New Zealand (Resolution Life) to sell its New Zealand life insurance business, Asteron Life Li...
Posted: Apr 04, 2024
ICEYE, the global provider of satellite-powered disaster management solutions, has signed a new contract with the Centers for Disease Control and Prevention (CDC) to provide it with access to ICEYE Flood Insights for events across the US and its t...
Posted: Apr 04, 2024
Juniper Re, the reinsurance broking arm of BRP Group, has partnered with Canopy Weather to offer customised severe storm event response analytics to Juniper Re clients. Severe weather occurrences such as tornadoes, hailstorms, and strong winds can...
Posted: Apr 04, 2024
French reinsurer CCR Re has appointed Maxime Krumholz as a Non-Life Underwriter, where he will join the Northern Europe and the Central & Eastern Europe Non-Life teams within the firm’s Underwriting Department. Most recently, Krumholz se...
Posted: Apr 04, 2024
Specialist insurer Pension Insurance Corporation plc (PIC), has completed an £870 million full buy-in of the De Beers UK Pension Scheme. The bulk annuity transaction for the scheme, which is sponsored by diamond company De Beers UK, has fully secu...
Posted: Apr 04, 2024
Ascot Group has appointed Charles Craigs as Managing Principal overseeing the firm’s Third-Party Capital initiatives in Bermuda. Craigs holds experience across management, underwriting, capital, and operations functions, and joins Ascot from...
Posted: Apr 04, 2024
Global specialty and P&C insurer and reinsurer, Canopius Group, has hired Soon Keen Lee as Chief Executive Officer (CEO) of Asia Pacific (APAC) and Middle East & North Africa (MENA), reporting to Canopius Group CEO Neil Robertson. The appo...
Posted: Apr 04, 2024
US insurance and investment firm, Prudential Financial, Inc. has successfully completed a major reinsurance transaction with Somerset Re involving a portion of its guaranteed universal life insurance block. The transaction, previously announced in...
Posted: Apr 04, 2024