Reinsurance News
DUAL Europe recently announced the appointment of Guillaume Déal as the Managing Director of DUAL France, a strategic move aimed at further strengthening the company’s leadership team in France. In his new role, Déal will be based in Paris and wil...
Posted: Mar 12, 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has seen improved financial results in 2023 with a 8.1% gross written premiums (GWP) growth and an improved combined ratio of 89.2%. Thi...
Posted: Mar 12, 2024
Evan Greenberg, CEO at Chubb, expresses confidence in the company’s ability to capitalise on favourable commercial P&C underwriting conditions globally, anticipating strong premium growth. In his 2023 letter to shareholders, Greenberg hi...
Posted: Mar 12, 2024
Heritage Insurance Holdings has reported a net income of $30.9 million for Q4 of 2023, up from $12.5 million in the same quarter of 2022, primarily driven by an increase in net premiums earned, higher net investment income, and lower net losses in...
Posted: Mar 12, 2024
Munich Re HealthTech (MRHT), a subsidiary of Munich Re, has promoted Bilal Ramadan to Chief Executive Officer. Ramadan will report to Owais Ansari Head of Munich Re Life & Health, MENA, Pakistan & Takaful Business. Ansari commented, “We co...
Posted: Mar 12, 2024
Hymans Robertson has revealed that total pension scheme buy-in and buy-out volumes for 2023 reached an all-time high figure of £50 billion, with both the number and value of transactions secured the highest ever recorded. The pensions and financia...
Posted: Mar 12, 2024
Italian insurer Generali generated a record operating performance of €6.9 billion in its full year 2023 results, an increase of 7.9% as a result of a positive contribution from all segments, led by Property & Casualty (P&C). Group-wide, th...
Posted: Mar 12, 2024
The impact of Generative Artificial Intelligence (GenAI) technology on the cyber landscape is expected to increase the frequency, severity, and diversity of attacks, and as the threats evolve, it’s imperative that the insurance industry take...
Posted: Mar 12, 2024
Global specialty and P&C (re)insurer Canopius Group has revealed its profit after tax for 2023 reached $363 million, up from $129 million in 2022, with a combined ratio for the year of 88.7%. Canopius’ insurance contract written premium...
Posted: Mar 12, 2024
Insurance services provider, Amynta Group, has completed the acquisition of Toronto-based Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and reinsurance products. The transaction accelerates Amynta’s growth p...
Posted: Mar 12, 2024
Distinguished Programs (Distinguished), a national insurance program manager, has recently introduced its team of seasoned industry veterans for the newly established Executive Lines business. The Executive Lines business aims to set a new standar...
Posted: Mar 12, 2024
Global insurance brokerage WTW has disclosed that U.S. commercial insurance rates have sustained an upward trajectory exceeding 6% in Q4 2023. According to the Commercial Lines Insurance Pricing Survey (CLIPS) conducted by WTW’s Insurance Consulti...
Posted: Mar 12, 2024
Global Fintech company Acrisure has launched a new division integrating its wholesale property and casualty businesses under the new brand “Wholesure.” This division will include Wholesure, MGAs and Programs, Third-party Administrators, Individual...
Posted: Mar 12, 2024
Insurwave, an insurtech platform, has recently announced its new partnership with speciality re/insurer, Inigo. In this collaboration, Inigo will utilise Insurwave’s advanced technology and industry knowledge to establish and maintain a real-time...
Posted: Mar 12, 2024
After realising preliminary results for 2023 last week, analysis by ICMR and the LMA reveals that the specialist Lloyd’s insurance and reinsurance marketplace has, in aggregate, exceeded its weighted average cost of capital (WACC) for the fi...
Posted: Mar 11, 2024
James River Group Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division, against Fleming Intermediate Holdings seeking to enforce the terms of a previously agreed stock purchase agreement (SPA) for the sale of i...
Posted: Mar 11, 2024
French reinsurer SCOR has announced new structures within its Property & Casualty (P&C) and Life & Health (L&H) segments as the firm looks to become “a simpler and more effective organization”, enabling more immediate c...
Posted: Mar 11, 2024
Commercial insurer Nirvana Insurance has announced it has doubled capacity with the support of a number of top-tier reinsurance partners, becoming one of the fastest-growing trucking insurers of all time. Driven by artificial intelligence (AI), te...
Posted: Mar 11, 2024
Acrisure, a global Fintech company, has announced the formation of its Great Lakes Region, led by Managing Partner Kelly Reed. The Great Lakes Region, encompassing Michigan, Indiana and Ohio, will cater to more than 180,000 Acrisure clients, serve...
Posted: Mar 11, 2024
Coalition, an active cyber threat insurance provider, has entered a long-term capacity agreement with Aspen Specialty Insurance Company to deploy cyber insurance capacity in the US. Through this agreement, Aspen will assume a share of Coalition’s...
Posted: Mar 11, 2024
AM Best’s recent market segment report indicates a notable increase in the estimated net investment income within the US property and casualty (P/C) market, with predictions exceeding $85 billion in 2024. In 2018, the industry’s net investme...
Posted: Mar 11, 2024
Markel, the insurance operation within Markel Group Inc., has appointed Ng Yao Hua as Cyber Security Analyst, further strengthening its investment in cyber security underwriting in the Asia Pacific market. Markel explained that Ng will support its...
Posted: Mar 11, 2024
In a recent interview with Reinsurance News, Louis de Segonzac, Chief Underwriting Officer (Americas) at MS Reinsurance, discussed the company’s strategic focus on expanding its presence in the Latin America (LatAm) market. Segonzac explaine...
Posted: Mar 11, 2024
HDI Global has announced that both Dr Barbara Klimaszewski-Blettner and Dr Dirk Höring will be joining the Board of Management of HDI Global SE, effective from April 1, 2024. The company has confirmed, that Klimaszewski-Blettner will be taking ove...
Posted: Mar 11, 2024
FTI Consulting, Inc. has announced the acquisition of actuarial consulting firm Madison Consulting Group. FTI Consulting explained that the addition of Madison Consulting Group will expand its property and casualty actuarial and compliance offerin...
Posted: Mar 11, 2024