Reinsurance News
DUAL North America has announced two new underwriting leadership appointments in its casualty divisions, Andreas Graham as Executive Vice President of the EIURS team, a division of DUAL, and Ed Frey as Senior Vice President of Professional Liabili...
Posted: Dec 09, 2024
Davies, a professional services and technology specialist, has announced its acquisition of Premier Claims Management, LLC (PCM), a claims service provider specialising in professional and general liability claims. Based in Santa Ana, California,...
Posted: Dec 09, 2024
Despite the excitement surrounding artificial intelligence’s (AI) potential, businesses should take stock and ensure that they are taking a considered approach as they implement the technology into their systems, says Adrian Cox, Chief Execu...
Posted: Dec 09, 2024
AM Best has affirmed the credit ratings for Bermuda-based Lancashire Holdings Limited and its subsidiaries, assigning a stable outlook. The agency affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating...
Posted: Dec 09, 2024
The use of warranty and indemnity (W&I) insurance reached record levels in the first half of 2024, with 1,540 policies placed and an increase in claims and payouts, according to a market study by HWF Partners. W&I insurance protects partie...
Posted: Dec 09, 2024
WNS, a digital-led business transformation and services partner, has extended its transformation-led strategic engagement with specialty and P&C lines re/insurer, Canopius Group. Through this collaboration, WNS aims to strengthen Canopius̵...
Posted: Dec 09, 2024
Moody’s Ratings has issued a stable outlook for the US life insurance sector in 2025, citing steady economic growth, and sustained high interest rates as key drivers. Moody’s forecasts that the US economy will grow at a pace of 2% in 2...
Posted: Dec 09, 2024
Excessive rains have triggered a payout of $4.665 million from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) within two weeks for The Government of Honduras. The event took place from 14th to 19th of November, significantly impacting r...
Posted: Dec 09, 2024
K2 Group Holdings Limited, a division of K2 Insurance Services and a London-based specialty insurance and reinsurance underwriting platform, has announced the opening of its box in Lloyd’s of London. Three divisions of K2 International will be rep...
Posted: Dec 09, 2024
Global asset manager Invesco has announced the appointment of Joe Steidl as Head of UK Insurance Distribution. Based in London, Steidl will report to Sachin Bhatia, Head of UK Pensions & EMEA Consultant Relations. In his new role, Steidl will...
Posted: Dec 09, 2024
Arthur J. Gallagher & Co. today announced it has signed a definitive agreement to acquire AssuredPartners, a US insurance broker with client capabilities across commercial property/casualty, specialty, employee benefits and personal lines, for...
Posted: Dec 09, 2024
The Brazilian insurance regulator, Superintendence of Private Insurance (SUSEP), has approved the country’s first insurance-linked securities (ILS) structure, Andrina, sponsored by IRB Re. The authorisation allows Andrina Sociedade Segurador...
Posted: Dec 09, 2024
Independent specialist re/insurance broker Miller has appointed Elizabeth McGonagle as Head of Power, Asia Pacific, a role based in Singapore effective January 2025. McGonagle holds over a decade of experience in the sector, most recently as Regio...
Posted: Dec 09, 2024
AM Best believes the recent changes to the UK’s personal injury discount rate (PIDR), also known as the Ogden Discount Rate, will positively impact the country’s non-life insurers. The UK government announced an increase in the rate fr...
Posted: Dec 09, 2024
The cost of insuring against sovereign debt defaults in the Gulf states has risen significantly over the past year, bucking the global trend, according to new research from Chaucer, a global specialty re/insurance group. This increase comes despit...
Posted: Dec 09, 2024
Amid a crippling drought characterised by a delayed onset of rains and prolonged dry spells, refugees at Dzaleka Camp in Malawi received funds last month to prepare for the new agricultural season. These funds were facilitated as part of the Afric...
Posted: Dec 09, 2024
The Lloyd’s Market Association (LMA), representing the interests of insurance market participants at Lloyd’s, has revealed the International Bodily Injury Index, a resource that tracks personal injury awards globally. This index is a strateg...
Posted: Dec 09, 2024
The Lloyd’s Market Association (LMA), representing the interests of insurance market participants at Lloyd’s, has revealed the International Bodily Injury Index, a resource that tracks personal injury awards globally. This index is a strateg...
Posted: Dec 09, 2024
American Integrity Insurance Group, a provider of residential property insurance in Florida, has announced the promotion of Jon Ritchie to President. Ritchie, who joined the company in 2019 as Chief Operating Officer, has reportedly been instrumen...
Posted: Dec 06, 2024
A new paper from Hymans Robertson, a leading pensions and financial services consultancy, advises trustees of defined benefit (DB) pension schemes to look beyond price when selecting an insurer for buy-in or buy-out transactions. While cost remain...
Posted: Dec 06, 2024
Global risk engineering and risk data solution provider, Risk Solved, has appointed Andy Bills to the newly created role of Chief Revenue Officer, designed to build on its existing sales and revenue generation activity. Bills is a market veteran a...
Posted: Dec 06, 2024
Despite life insurance facing a challenging decade, analysts at J.P. Morgan expect a better growth outlook for the sector moving forward. In its recent report, the firm noted that most advanced life markets, including developed markets in Asia lik...
Posted: Dec 06, 2024
A recent report from Bloomberg Intelligence (BI), the research division of Bloomberg, European general insurers’ debt-to-equity ratios indicate that they have the financial capacity to pursue acquisitions in 2025. These acquisitions are expe...
Posted: Dec 06, 2024
ACORD Solutions Group, an extension of ACORD, the standards-setting body for the global insurance industry, has partnered with insurance technology provider Ping to create a Property statement of values (SOVs) extraction and global exposure techno...
Posted: Dec 06, 2024
Commercial and specialty lines insurer HDI Global has announced the appointment of Hannah Brooke as Head of Marine Cargo Underwriting for the UK and Ireland, effective from January 1, 2025. Reporting to Antonia Osborne, Director of Underwriting-Co...
Posted: Dec 06, 2024