Reinsurance News
AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS, has released its 2023 financial results, reporting an improved combined ratio of 79.4% and a 112% profit increase. For the year ending 31 December 2023, the Syndicate’s combined ratio im...
Posted: Mar 13, 2024
Bermuda-domiciled international legacy firm Compre has promoted Zameer (Zam) Mitha to the newly created role of group commercial director within its business development function. Mitha has more than 20 years of experience in various leadership ro...
Posted: Mar 13, 2024
ICEYE, a provider of natural catastrophe solutions and insights, has increased its capabilities with the introduction of its Dwell Fine imaging mode, which builds on the release of Spot Fine, launched last year. Dwell Fine is unique in commercial...
Posted: Mar 13, 2024
EY has appointed Alistair Brannan as its UK Head of Life and Pensions. In addition to his new role, he will also join the organisation’s UK insurance leadership team and remains Client and Markets Leader for EY’s financial services business...
Posted: Mar 13, 2024
Nord Stream is reportedly in pursuit of more than €400 million from UK insurance companies, including Lloyd’s of London, for refusing to cover the 2022 explosions that ruptured pipelines designed to transport Russian gas to Germany. The Swit...
Posted: Mar 13, 2024
Arch Reinsurance Group has announced the promotion of three senior executives, Jerome Halgan, Vanessa Hardy Pickering and Lester Pun, all effective April 1, 2024. Halgan, who has been with the company since 2009, will be taking over the role of Pr...
Posted: Mar 13, 2024
DeNexus, a provider of cyber risk modelling solutions, has recently appointed industry veteran Rosa Kariger to its Board of Directors, strengthening the company’s commitment to bridging the gap between enterprises managing risk and insurers...
Posted: Mar 13, 2024
Marsh Specialty’s 2024 Political Risk Report has highlighted how long-term uncertainty is stemming from macroeconomic competition and geopolitical insecurity, which is set to create even greater economic divergence between sectors and econom...
Posted: Mar 13, 2024
DWF, a provider of integrated legal and business services, is expanding its global insurance practice with the appointment of disease and casualty expert David Wynn as a new Partner. Taking over the role of Head of Casualty, Wynn will be based at...
Posted: Mar 13, 2024
HDI Global Specialty SE – Australia (HDI) has hired Paula Ritchie as Head of Single Risk – Australia and New Zealand, effective March 11, 2024. She joins the organisation with over 25 years of industry experience. She joins HDI followi...
Posted: Mar 13, 2024
Brit Ltd has launched Brit Cyber First50, a new $50m Primary Brit-led and managed Lloyd’s Consortium developed to improve the efficiency of cyber placement for large institutional clients with revenues of $10 billion or more. According to the firm...
Posted: Mar 13, 2024
Swiss Re has confirmed that at its 2024 Annual General Meeting of shareholders (AGM), its Board will propose to re-elect Jacques de Vaucleroy as a member of the Board of Directors and elect him as the new Chairman of the Board of Directors for a o...
Posted: Mar 13, 2024
International General Insurance Holdings Ltd. (IGI) has reported a 10.3 percentage point improvement in its combined ratio for Q4 2023 to 81.8% and growth in underwriting income to $43.5 million, as net income increased to $33 million in the perio...
Posted: Mar 13, 2024
As part of its digital transformation journey, property and casualty insurer Encova Insurance has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business and simplify its IT operations. Encova, a Guidewire customer since 20...
Posted: Mar 13, 2024
Aspida Life Insurance Company (Aspida), a life insurance and annuity company, has recently partnered with Flourish, a financial products provider, to distribute the Aspida Advisory Multi-Year Guaranteed Annuity (MYGA). The Aspida Advisory MYGA off...
Posted: Mar 13, 2024
Starr Insurance is set to launch Twin Maples Specialty, a division of Starr Specialty Lines Insurance Agency, LLC, based in Alpharetta, GA, that will initially offer professional liability and financial lines products. Twin Maples, which is expect...
Posted: Mar 13, 2024
Arete Adjusting, LLC (Arete), a Third Party Administrator (TPA), and member company of insurance ecosystem +8 Partners, has launched operations the North American claims market. By utilising people, technology, and its fellow +8 member companies,...
Posted: Mar 13, 2024
According to the recent executive survey conducted by Conning Insurance Research on artificial intelligence (AI) adoption within the insurance industry, 77% of respondents indicated they are in some stage of incorporating AI into their operations....
Posted: Mar 13, 2024
Industry veteran Alexis Daniel has joined Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., as Head of Aviation. “We are excited to welcome Alexis DANIEL to Everest Insurance International® as...
Posted: Mar 12, 2024
In their Q423 Market Insights Outlook for Europe, the Middle East and Africa (EMEA), Aon has highlighted how inflation continued to pressure pricing amidst generally moderate market conditions, although natural catastrophe exposed property and oth...
Posted: Mar 12, 2024
In a recent court statement and tentative decision, the California Department of Insurance (CDI) prevailed in its efforts to prevent the California Insurance Company (CIC) from withdrawing from the California market, much to CIC’s frustratio...
Posted: Mar 12, 2024
According to Mohit Pande, CUO, Property, Swiss Re, assessing and adequately pricing for the risk of Strikes, Riots and Civil Commotion (SRCC) is crucial for insurers and reinsurers and an area that should continually improve. Writing in a company...
Posted: Mar 12, 2024
Ascendant Re, a Cayman Islands-based annuity reinsurer, recently disclosed its financial performance for the fourth quarter of 2023, revealing a total net income of $6.7 million. During Q4, the net book value per preferred share surged by 25.3% co...
Posted: Mar 12, 2024
According to AM Best, credit rating downgrades on US property & casualty (P&C) insurance companies climbed to 55 in 2023, compared with 30 in 2022, given the challenging conditions in the personal lines segment. The rating agency explained...
Posted: Mar 12, 2024
MS Amlin, the Lloyd’s global insurer and reinsurer, achieved its strongest adjusted combined ratio for more than a decade in 2023 with a 9.6 percentage point improvement to 86.6%, with Chief Executive Officer (CEO), Andrew Carrier, describin...
Posted: Mar 12, 2024