Reinsurance News
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has established a new Specialty Reinsurance division to support its continued focus on growth and diversification. The new division will be led by Phil Taylor, who has been appo...
Posted: Sep 10, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Rachel Cohn as a Senior Broker to lead its International Casualty Facultative Practice. The practice will be part of the company’s existing International Prop...
Posted: Sep 10, 2024
The number of hailstorms in Europe has more than doubled in the past year, increasing the costs for solar infrastructure and underinsured, according to a recent report by specialty re/insurance group Chaucer. Hailstorms are the largest natural haz...
Posted: Sep 10, 2024
Beazley, a specialist insurer, has released its Risk & Resilience report, Spotlight on Cyber & Technology Risk 2024, which explores global business views on cybercrime, tech obsolescence, disruptions, and intellectual property risks amid r...
Posted: Sep 10, 2024
Artificial Intelligence (AI) is anticipated to transfigure how property & casualty (P&C) insurers conduct business, therefore making them positioned to advance the conversation around ethical AI, for businesses worldwide, according to a ne...
Posted: Sep 10, 2024
Global credit ratings agency AM Best has updated the outlook of Lebanon-domiciled Arab Reinsurance Company SAL (Arab Re) to stable reflecting the firm’s strong balance sheet strength, adequate operating performance, limited business profile, and m...
Posted: Sep 10, 2024
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of Aventum Group, has appointed Ludo Araujo as Senior Underwriter for its Property D&F Division. Araujo will join Rokstone from Chaucer Syndicates, where h...
Posted: Sep 10, 2024
Zurich Insurance Company has announced two key appointments to its Asia Pacific (APAC) Commercial Insurance business, with Robin Cooper-Driver as new Head of Financial Lines, Asia Pacific, and Edward Rayfield as Head of Casualty, Asia Pacific. Bot...
Posted: Sep 09, 2024
Akur8, the AI-driven insurance pricing solution, has acquired Arius, the property & casualty (P&C) reserving software for insurers and reinsurers, owned by Milliman. The Arius software helps insurers manage risk and improve financial perfo...
Posted: Sep 09, 2024
Global insurance and reinsurance group Aon has introduced the Growth Decision Framework, a consulting service designed to help insurers enhance decision-making for optimal performance and market cycle resilience. As insurers approach the January 2...
Posted: Sep 09, 2024
In its latest cyber report, reinsurance broker Lockton Re evaluates vulnerability scanning tools and highlights the need for multiple methods to assess and manage cyber risk amid growing digital complexity. As digital networks become more complex,...
Posted: Sep 09, 2024
Elementum, an alternative investment manager, has announced the appointment of Andreas von Reitzenstein as the new Senior Vice President (SVP), Underwriting at its Hamilton office. In his new role, von Reitzenstein will be a key member of the inve...
Posted: Sep 09, 2024
US life insurers are increasingly turning to the Cayman Islands for reinsurance; however, Moody’s Ratings considers this trend a net credit negative for the sector due to heightened counterparty risk, reduced international recognition, and less tr...
Posted: Sep 09, 2024
The global specialty reinsurance market has stabilised after a period of disruption marked by sharp rate fluctuations, tighter terms and conditions, and rising attachment points, according to James Boyce, CEO of Global Specialties at Guy Carpenter...
Posted: Sep 09, 2024
The re/insurance industry plays a pivotal role in supporting the global shift towards renewable energy, which is crucial for both the climate and the future of the global economy, says Howden Re, the reinsurance and risk advisory arm of Howden. Th...
Posted: Sep 09, 2024
Speaking in PwC’s executive breakfast briefing at the 66th Rendez-Vous de Septembre (RVS) in Monte Carlo, Lloyd’s CEO John Neal emphasised the critical nature of the re/insurance market, noting that perhaps for the first time ever, it...
Posted: Sep 09, 2024
Bermuda-based re/insurance start-up, Mereo Insurance, sees the current market opportunity as very attractive and is expected to be operational for the January 1st, 2025, reinsurance renewals. As reported by our insurance-linked securities (ILS) fo...
Posted: Sep 09, 2024
Reinsurance broker Lockton Re is planning to add between 80 to 90 new people to the company this year as part of its growing strategy as it focuses on growing the business’ infrastructure to deliver “the highest possible service levels.” “We conti...
Posted: Sep 09, 2024
Global reinsurer QBE Re is in growth mode, and as the firm pivots towards a longer-term view of the business and the client base continues to shift, deeper and more enduring relationships are paramount, according to Jamie Cook, Chief Partnership O...
Posted: Sep 09, 2024
The Lloyd’s market continues to outperform US and Bermudian reinsurers on loss experience, however underwriting performance remains subject to volatility due to its exposure to catastrophe risks and long-tail lines of business, according to...
Posted: Sep 09, 2024
BMS Re, the reinsurance division of global broker BMS Group, has announced the appointment of Anthony (Tony) Mirabal as CEO of its Latin America and Caribbean Division, effective November 2024. Mirabal will report to Nick Gillett, CEO of BMS Inter...
Posted: Sep 09, 2024
Swiss Re expects growing demand for reinsurance protection to be a key topic of discussion at the 2024 Rendez-Vous de Septembre. As it has been noted, there has been a growing demand for protection in property and specialty lines driven by elevate...
Posted: Sep 09, 2024
Demand for reinsurance protection is strong in Europe and is expected to remain so in 2025, but it’s important that structural corrections achieved in the past two years are maintained, according to Clarisse Kopff, Member of the Board of Managemen...
Posted: Sep 09, 2024
Coalition, an active insurance provider focused on preventing digital risks before they occur, has launched Coalition Re, a reinsurance intermediary offering active cyber reinsurance through two products supported by Aspen-led capacity. Coalition...
Posted: Sep 09, 2024
Despite an unsettled 12 months, recent deal activity heavily suggests that the market for legacy transactions remains strong, with the North American market in particular showing resilience, bouncing back after a quiet 2023. A new analysis from Pw...
Posted: Sep 09, 2024