Reinsurance News
Global ratings agency AM Best has assigned Mainsail Insurance Company with a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Mainsail, a property and casualty insurer, of...
Posted: Aug 28, 2024
FullCircl, a software company that assists insurance brokers in accelerating growth and integrating compliance smoothly, has announced a multi-year agreement with Howden, an insurance intermediary group. This partnership aims to help Howden’...
Posted: Aug 28, 2024
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has added Daniel “Dan” J. Houston and Neal Triplett to its Board of Directors, effective immediately. John Pasquesi, Chair of the ACGL Board of Directors, commented, &...
Posted: Aug 28, 2024
In their financial results for the first half of 2024, Vienna Insurance Group (VIG) has reported that its total volume gross written premiums (GWP) increased by 7.9% to reach €7,886.8 million. Particularly positive premium growth was reported in t...
Posted: Aug 28, 2024
Lloyds Bank Corporate & Institutional Banking has appointed Christian De Monte as Managing Director, Head of Insurance and Group Subsidiaries. De Monte will join on September 2nd, and oversee two teams, one which supports the bank’s insurance...
Posted: Aug 28, 2024
Global reinsurers are expected to maintain strong earnings through the rest of 2024 and into 2025, thanks to generally adequate pricing and disciplined underwriting, according to a recent Fitch Ratings report. In the first half of 2024, the 19 non...
Posted: Aug 28, 2024
Hong Kong-based reinsurer Peak Re has released its H1 2024 results, reporting GWP of $847.9 million, up from $832.9 million in the same period of 2023. At the same time, Peak Re disclosed an H1 2024 profit of $124.2 million, while its investment r...
Posted: Aug 28, 2024
The International Financial Reporting Standards (IFRS) 17 is undergoing a significant accounting shift that necessitates changes in performance analysis within the reinsurance market, according to a recent AM Best report. Implemented at the end of...
Posted: Aug 28, 2024
Redline Underwriting has unveiled a new comprehensive property facultative reinsurance solution targeting Commercial and Industrial Property risks across Mexico, Central, and South America, and the Caribbean. Adriana Cisneros, who will lead the ne...
Posted: Aug 28, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Kristopher Lynn as a Senior Broker and Practice Leader for Agriculture, based in the Bermuda office. Lynn has nearly two decades of industry experience, most recent...
Posted: Aug 28, 2024
WTW, the broker and risk advisor, has unveiled a Fintech and Digital Assets Taskforce, in a move that is set to provide clients with consultancy support for managing risks in the complex digital asset ecosystem. The broker has brought together the...
Posted: Aug 28, 2024
FWD Group, an Asian insurance company, has announced its financial results for the first half of 2024, reporting an operating profit after tax of US$223 million, which reflects positive contributions from the company’s four geographic busine...
Posted: Aug 28, 2024
Root, Inc., a technology firm specialising in insurance solutions and the parent company of Root Insurance Company, and Goosehead Insurance, Inc., an expanding independent personal lines insurance agency, have announced a new technology integratio...
Posted: Aug 28, 2024
Swiss Re has reiterated its 2024 financial targets, including Group net income of more than USD 3.6 billion, following the announcement of its H1 2024 results last week, which were strong despite reserve additions. The global reinsurer reported pr...
Posted: Aug 27, 2024
While the combination of higher interest rates and more favourable mortality trends have led to improved conditions for life/annuity (L/A) reinsurers, it has also created more competition, with some backed by alternative investment managers or lar...
Posted: Aug 27, 2024
Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced it has finalised a deal with American National Insurance Company, a provider of insurance and financial services, and its affiliates to reinsure a varied...
Posted: Aug 27, 2024
SageSure has collaborated with Markel, the insurance division of Markel Group, to introduce new capacity to its Expanded Markets program. SageSure Expanded Markets will initially distribute Markel’s insurance products in Louisiana, South Carolina,...
Posted: Aug 27, 2024
Corebridge Financial, Inc., a provider of retirement, life, and asset management solutions, announced the immediate appointment of Edward Bousa as an independent director to its Board of Directors. Bousa is a distinguished portfolio manager with m...
Posted: Aug 27, 2024
Canadian property and casualty insurer Definity Financial Corporation has estimated a negative impact on operating income of approximately $150 million, net of reinsurance recoveries, arising from catastrophe losses in July and August 2024. The es...
Posted: Aug 27, 2024
Global property and casualty (P&C) insurer Chubb has appointed Amelie Fava-Verde to the newly created role of Senior Vice President of North America Chubb Resilience Services. In her new role, Fava-Verde’s remit includes building and leading a...
Posted: Aug 27, 2024
Swiss Re, a global reinsurer, has introduced an upgrade to its Life Guide underwriting manual, specifically enhancing the coronary artery disease (CAD) calculator. This advanced tool is now available to more than 25,000 Life Guide users across 800...
Posted: Aug 27, 2024
Reinsurers operating in Latin America are continuing to benefit from the region’s GDP growth, however, according to ratings agency AM Best, the impact of 2023’s Hurricane Otis “highlights the need for additional capacity.”...
Posted: Aug 27, 2024
Berkshire Hathaway Specialty Insurance Company (BHSI), the insurance arm of Warren Buffett’s global re/insurance company has named Kiran Prakash as the Head of First Party Lines, overseeing energy, construction, and general property in Asia, and p...
Posted: Aug 27, 2024
WTW, a global advisory, broking, and solutions firm, has announced the appointment of Jenna Ziomek as the new Property and Casualty (P&C) Leader for Private Equity and Transactional Solutions, Corporate Risk and Broking, North America. In her...
Posted: Aug 27, 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has disclosed a positive H1 2024 result, with a UK GAAP profit of $41 million. During the first half of 2024, the syndicate recorded a net combined...
Posted: Aug 27, 2024