Reinsurance News
Independent insurance broker Lockton has announced a global collaboration initiative with food science company Campden BRI to provide the food and drink industry with key risk mitigation support and build resilience in an evolving risk landscape....
Posted: Mar 18, 2024
Independent specialist re/insurance broker, Miller, has expanded its newly created Fine Art and Specie offering by building out a team of sector specialists under the leadership of Annabel Fell-Clark, Head of Fine Art and Specie. The company has c...
Posted: Mar 18, 2024
MAPFRE has revealed that it is targeting average revenue growth of 6% over the next three years, with an aim of exceeding €32 billion in premiums by the end of the three-year period. At the same time, the company is also seeking an 11% return on e...
Posted: Mar 18, 2024
Global advisory, broking, and solutions firm WTW has revealed it will receive funding from the U.S. Agency for International Development (USAID) to develop a climate-resilient insurance solution that aims to unlock climate adaptation investment fr...
Posted: Mar 18, 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023...
Posted: Mar 18, 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023...
Posted: Mar 18, 2024
Reinsurance broker Gallagher Re has announced the appointment of Sie Liang Lau as Head of Asia Pacific Cyber, a Singapore-based role. Lau is a UK qualified Actuary with over two decades of experience in the re/insurance industry. He joined Gallagh...
Posted: Mar 18, 2024
FWD Group Holdings Limited, an Asian insurance company, has completed an additional investment for a further 21% stake in FWD Takaful Berhad, making it the majority shareholder with a 70% holding. The remaining 30% is held by the Employees Provide...
Posted: Mar 18, 2024
The Supervisory Boards of Hannover Rück SE and E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, have appointed Thorsten Steinmann as a member of the Executive Board, effective 1st September 202...
Posted: Mar 18, 2024
Brit Ltd has appointed David Cary as Deputy Head of Property Treaty, Bermuda. Cary holds almost 20 years of experience in the reinsurance sector, having most recently served as Underwriting Manager and Head of Property & Casualty, Bermuda for...
Posted: Mar 18, 2024
Hannover Re has disclosed that it generated net income of €1.8 billion for the 2023 financial year, up from €800 million in 2022 and beating its guidance of at least €1.7 billion. As a result of this, the firm’s earnings per share reached €1...
Posted: Mar 18, 2024
Bermuda-based Roosevelt Road Re and its affiliate managing general agency Tradesman Program Managers (TPM) have filed a lawsuit to recover funds from 46 individuals and companies who made “potentially fraudulent claims” related to alleged New York...
Posted: Mar 18, 2024
The West of England P&I Club has reported a successful 2024 renewal across all business lines and expects a combined ratio of below 100%. West has maintained its selective approach to new business after reporting strong organic growth from exi...
Posted: Mar 18, 2024
Hannover Life Reassurance Company of America and Hannover Life Reassurance Company of America (Bermuda) Ltd., collectively Hannover Re US, have entered into a cooperation agreement with GalenusRx, Inc., (GalenusRx), which sees the latter offering...
Posted: Mar 18, 2024
The American Hospital Association has named the suspected ransomware attack on Change Healthcare, a unit of insurance giant UnitedHealth Group’s Optum division, as “the most significant and consequential incident of its kind against th...
Posted: Mar 15, 2024
Fundamental Global Inc., formerly known as FG Financial Group, Inc., has reported Q4 2023 net reinsurance premiums earned of $5.1 million, increasing from $3.2 million in Q4 2022, driven by the successful execution of its strategy to deploy capita...
Posted: Mar 15, 2024
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, and multinational technology organisation, CME, have developed a fully digital underwriting solution for the life insurance industry for the Middle East and North Africa (MENA) and E...
Posted: Mar 15, 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Marissa Moscowitz to the role of Chief Operating Officer (COO) Overall, Moscowitz brings over 15 years of industry expertise towards her new role. She has been with...
Posted: Mar 15, 2024
California’s regulatory restrictions are said to be putting financial pressure on insurers and contributing to limited availability of property insurance in high-risk markets, according to the Insurance Information Institute (Triple-I). An Issues...
Posted: Mar 15, 2024
Quotech, the developer of integrated technology solutions for underwriting and broking teams, recently launched a new exposure management platform, Quex, which according to the firm, resolves the frequent complaints users make about their old expo...
Posted: Mar 15, 2024
VIPR, a leading technology solutions provider in the delegated underwriting sector, has appointed Tony Russell as its Chief Revenue Officer. VIPR has reportedly brought on Russell to spearhead revenue growth and market expansion. As Chief Revenue...
Posted: Mar 15, 2024
bolttech, an international insurtech firm, recently announced its expansion into the Middle East through a new partnership with stc Group, a telecommunications company in the region. Rob Schimek, Group Chief Executive Officer at bolttech, expresse...
Posted: Mar 15, 2024
Bermuda-headquartered Hamilton Insurance Group, Ltd. has sponsored a new catastrophe bond, providing the firm with $200 million of retrocession from the capital markets to protect against U.S and territories named storm and North American earthqua...
Posted: Mar 15, 2024
Lockton Re Capital Markets (LRCM) has appointed Brendan Roche as Head of Distribution, where he will be based in Europe. Roche holds over 25 years of experience in the industry, having previously served as SVP at GC Securities, and an almost 14-ye...
Posted: Mar 15, 2024
California-domiciled privately held insurance company, ICW Group Insurance Companies, has promoted Paul Zamora to the role of Chief Underwriting Officer (CUO). Zamora’s remit in the role includes leading the company’s property and casualty multi-l...
Posted: Mar 15, 2024