Reinsurance News
Tokio Marine HCC International (TMHCCI), is strengthening its Marine Special Risk team with the appointment of Victoria Fox as Marine Special Risks Senior Underwriter. She will be taking over her new role with immediate effect. TMHCCI launched the...
Posted: Sep 20, 2024
With Generali’s European flood per event reinsurance coverage kicking in after a €300 million attachment, the insurer could make a reinsurance recovery on Storm Boris as analysts at Goldman Sachs forecast losses for the firm to be between €300 and...
Posted: Sep 20, 2024
The recent severe flooding that impacted Central Europe as a result of continuous rain from September 12-16 is expected to become one of the costliest events on record for the region, with billions of EUR in total losses, according to global re/in...
Posted: Sep 20, 2024
ERGO, Munich Re’s primary insurance business, has announced that Theo Kokkalas will be responsible for ERGO’s international business and Oliver Willmes will be responsible for ERGO’s activities in Germany, effective January 1, 20...
Posted: Sep 20, 2024
Managing general agency South Shore Insurance Underwriters (SSIU) has announced the acquisition of Linneman Specialty Insurance (LSI), as part of the MGA’s expansion plans to the US West Coast. LSI, founded by the late John Linneman and current pr...
Posted: Sep 20, 2024
Pivix Specialty Insurance Services Inc. (Pivix), a managing general agency with a particular focus on the Excess and Surplus (E&S) lines market, has officially launched its operations. Pivix is an E&S platform that offers property and casu...
Posted: Sep 20, 2024
Davies, a professional services and technology specialist, has partnered with Majesco, a global cloud insurance software solutions firm, to provide faster and more efficient loss control and premium audit surveys for clients. This move allows Davi...
Posted: Sep 20, 2024
Australian insurance broker AUB Group has announced the appointments of Tom Wilson as CEO of Tysers and Bob Pybus as CEO of AUB UK Retail, both effective from 1 October 2024 and subject to regulatory approval. As Wilson takes his new role, Mike Em...
Posted: Sep 20, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has expanded its cyber capabilities across the UK with a series of key hires in its underwriting and claims divisions. Vanessa Leemans, who has led th...
Posted: Sep 20, 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has expanded its operations by acquiring the assets of Professional Insurance Executives (PIE). Founded by Bruce Hart, PIE is a contract binding/brokerage firm based in...
Posted: Sep 20, 2024
QBE, the business insurer, has named Mario Díaz-Guardamino as the next Managing Director for QBE Iberia. In his new role, Díaz-Guardamino will oversee QBE’s operations in Spain, leading teams in the Madrid and Barcelona offices. His responsibiliti...
Posted: Sep 20, 2024
Global insurance and reinsurance broking group Aon has announced the appointment of Chris Simmons as Head of Health UK. In a recent LinkedIn post, Aon stated, “Chris has spent almost three decades in the health industry, with his most recent role...
Posted: Sep 20, 2024
BAM Mutual, a bond insurer specialising in lowering the cost of debt for essential infrastructure projects, is expanding by opening an office in Melbourne. The company will now provide insurance for bonds and loans used to finance projects across...
Posted: Sep 20, 2024
Insurtech wefox Holding AG has appointed Joachim Müller as its new Chief Executive Officer (CEO), effective immediately, while Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will contin...
Posted: Sep 20, 2024
In a recent interview with Reinsurance News, Amitabha Ray, Market Head of India at global reinsurance giant Swiss Re, described India’s economy as resilient despite the current high consumer price inflation, with insurance sector growth abov...
Posted: Sep 20, 2024
Business insurer QBE has officially launched its new Leeds office situated at West Village, the largest European site for the global insurer outside of London, with more than 450 employees, representing a 40% increase in the Yorkshire hub’s...
Posted: Sep 20, 2024
The Association of Bermuda International Companies (ABIC) has announced the appointment of Christian Dunleavy as its new Chair, succeeding Patrick Tannock. ABIC represents the internationally owned businesses that are based in Bermuda but operate...
Posted: Sep 20, 2024
Guidewire, a provider of software solutions to the insurance industry, has released critical data and maps detailing hurricane risk in the United States, with this being available at the national, state, and local levels. Guidewire’s service...
Posted: Sep 20, 2024
Markel, the insurance arm of global re/insurer Markel Group Inc., has announced the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. In this role, Tam will fo...
Posted: Sep 20, 2024
Akur8, an insurance pricing solution utilising transparent machine learning, has announced a new partnership with Louisiana Workers’ Compensation Corporation (LWCC). As Louisiana’s leading workers’ compensation provider, LWCC is commit...
Posted: Sep 19, 2024
Reinsurance News held its second Monte Carlo Roundtable at the 66th Rendez-Vous de Septembre last week, during which six experienced reinsurance industry executives debated a range of topics including property and casualty market conditions, struc...
Posted: Sep 19, 2024
KatRisk, a global catastrophe modelling company, has launched a new Severe Convective Storm (SCS) model to tackle the increasing risks associated with these storms. With SCS events causing $70 billion in insured losses globally in 2023, KatRisk ai...
Posted: Sep 19, 2024
Large US primary insurer Allstate has reported estimated catastrophe losses of $272 million ($215 million after-tax) for the month of August, taking total catastrophe losses for August year-to-date to $3.67 billion ($2.90 billion, after-tax). Cata...
Posted: Sep 19, 2024
HDI Global SE Hong Kong, a subsidiary of industrial insurer HDI Global has appointed Michael Ahn as its Chief Executive Officer (CEO) effective November 1st, 2024. Simultaneously, Daniel Lau moves to a new role as Director, Asia Pacific Network. B...
Posted: Sep 19, 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has announced that Sir Charles Roxburgh KCB will become its next Chair, effective 1 May, 2025. Roxburgh will be succeeding Bruce Carnegie-Brown, who has held the position since 201...
Posted: Sep 19, 2024