Reinsurance News

Web Connectivity Limited (WCL), a wholly owned subsidiary of insurtech provider Zywave, has agreed to supply its ACORD4ALL mappings to Velonetic, a joint venture between Lloyd’s, tech firm DXC and the International Underwriters’ Associ...

Posted: Mar 25, 2024

Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has achieved record-level sales for the third consecutive year in a row. The insurer stated that significant rate and underwriting actions...

Posted: Mar 25, 2024

As of March 8th, 2024, the General Insurance Association of Japan (GIAJ) reports that more than JPY 61 billion (USD 414m as of March 8th or USD 403m at today’s exchange rate) in payments from over 67,000 claims from the New Year’s Day...

Posted: Mar 22, 2024

Moody’s predicts a 2024 stable outlook for the insurance brokerage sector, underpinned by constructive global economic growth, a favourable commercial property & casualty (P&C) rate environment, and stable EBITDA margins. According to Mood...

Posted: Mar 22, 2024

Woodruff Sawyer, one of the largest independent insurance brokers in the United States, is expanding its East Coast footprint with the addition of six new members, opening the firm’s first office in New York. The new team, formerly with Acrisure&#...

Posted: Mar 22, 2024

Sidley Austin, a global law firm, has released its Global Insurance Review, offering an optimistic outlook for the US insurance mergers and acquisitions (M&A) market in 2024 following a challenging year in 2023. According to Sidley’s rep...

Posted: Mar 22, 2024

Reinsurance Group of America (RGA) has confirmed that it has reached an agreement with Japan Post Insurance Company (Kampo) for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coins...

Posted: Mar 22, 2024

With State Farm General Insurance Company (SFGIC) announcing it will be exiting more California property risks starting in mid-2024, ALIRT Insurance Research has noted that state homeowners and commercial property insurance markets will likely con...

Posted: Mar 22, 2024

Lloyd’s focused investment vehicle Helios Underwriting has reported its unaudited pro-forma Net Asset Value (NAV) per share has increased to £1.85 – £137.2 million in Net Assets – in the quarter to December 31, 2023. Martin Reith, Chie...

Posted: Mar 22, 2024

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has recently announced the promotion of Anabella Frontado to the newly established position of Head of War & Terrorism for the US and Latin America (LatAm). In her new ro...

Posted: Mar 22, 2024

Everspan Group, the specialty property and casualty insurance platform, has partnered with Platinum Excess Trucking, a division of Platinum Specialty Underwriters on a new excess transportation program. Platinum Excess Trucking is a managing gener...

Posted: Mar 22, 2024

DLA Piper, a global law firm, has just announced the appointment of Carl Hotton as a new mergers and acquisitions (M&A) partner in its insurance team. In his new role, Hotton will primarily focus on advising leading international insurance mar...

Posted: Mar 22, 2024

Demotech, Inc., a rating agency and financial analysis firm, recently bestowed a Financial Stability Rating of ‘A’, Exceptional, to Trusted Resource Underwriters Exchange (TRUE), a reciprocal insurer established by American Family. The...

Posted: Mar 22, 2024

Global re/insurance broker Aon has launched its Climate Risk Monitor, a tool to help clients visualize and understand their exposures to physical climate risk for better business decisions. Aon’s Climate Hub in Singapore developed the Climate Risk...

Posted: Mar 22, 2024

Dale Holdings Limited, the parent company of Dale Underwriting Partners Syndicate 1729, has appointed John Chambers, John Hastings-Bass, and Clare Hennings as Independent Non-Executive Directors to its Board. The new appointments follow Dale’s Oct...

Posted: Mar 22, 2024

CLARA Analytics has hired Jeremy Johnson, former Chief Executive Officer (CEO) of Protective Insurance, to its Board of Directors. In the role, Johnson is expected to further strengthen the company’s bench of industry veterans. Johnson is the form...

Posted: Mar 22, 2024

Vivace Insurance Partners, a member of the +8 Partners ecosystem has announced the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific. Los Angeles-domiciled, Vivace Americas will be writing business...

Posted: Mar 22, 2024

Demotech-rated SureChoice Underwriters (SURE), a policyholder-owned coastal insurer, has launched its surplus lines homeowners insurance products in California, in partnership with managing general underwriters SageSure. With this new insurance so...

Posted: Mar 22, 2024

Chinese insurer Ping An has released its financial results for the end of 2023, revealing a steady 6.5% year on year growth in property and casualty (P&C) insurance revenue, amounting to RMB 313.458 billion. The company reported an overall com...

Posted: Mar 21, 2024

US primary insurer Allstate has announced that its estimated catastrophe losses for February 2024 were under the $150 million reporting threshold, which is down on the $241 million of cat losses seen in February of last year. Last month, Allstate...

Posted: Mar 21, 2024

Specialist global insurer Hiscox has appointed Leigh Hellrung as Chief Operating Officer in the US. Hellrung holds over 20 years of industry experience having most recently served in customer experience, service delivery and strategic operations l...

Posted: Mar 21, 2024

Zurich Nordic has announced that it will be offering its insurance and risk mitigation services in the Baltic region, in a move that the company hopes will make a difference for businesses operating in the middle-market segment of Estonia, Latvia,...

Posted: Mar 21, 2024

Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the appointment of Kyle Freeman as Head of AXIS ILS, effective immediately. In his new role, Freeman will be responsible for overseeing AXIS Ca...

Posted: Mar 21, 2024

Moody’s Investors Service analysts underscore the positive impact of the EU’s Insurance Resolution and Recovery Directive (IRRD) on policyholders. The IRRD, an EU-wide legislative framework set to be implemented in 2026, aims to uphold financial s...

Posted: Mar 21, 2024

With artificial intelligence (AI) practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years. Reinsurance giant Munich Re highlighted this in a recent whitepaper that showcased how...

Posted: Mar 21, 2024