Reinsurance News
Re/insurance broker Aon has announced that Suzanne Hughes has joined the company as Head of Credit Solutions, Ireland. In the role, she will hold responsibility for leading Aon’s Credit Solutions business and client strategy in Ireland, in c...
Posted: Mar 05, 2024
Helios, the investment vehicle which provides shareholders with a spread participation at Lloyd’s, has appointed Adhiraj Maitra to the newly created role of Chief Operating Officer (COO). Maitra joins Helios from Canopius where he served as Group...
Posted: Mar 05, 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, a...
Posted: Mar 05, 2024
African Risk Capacity Limited (ARC Ltd.), the parametric insurer and financial affiliate of the ARC Group, has paid out over $170 million in claims to support vulnerable communities since its inception. Founded in 2014, ARC Ltd. celebrates its 10t...
Posted: Mar 04, 2024
Aon, a global professional services firm, has named Roman Romeo as Chief Executive Officer (CEO) of its Reinsurance Solutions Bermuda unit, effective April 1, 2024. The company has also confirmed that Tony Fox, CEO and Chairman of Reinsurance Solu...
Posted: Mar 04, 2024
Having already burned more than a million acres, the record-breaking Texas Smokehouse Creek fire is set for further expansion, with officials noting more than 500 structures have been destroyed. Hot and windy conditions have facilitated and accele...
Posted: Mar 04, 2024
Provider of re/insurance solutions, AXIS Capital Holdings Limited, has announced the Energy Resilience Syndicate 2050 has now received full approval from Lloyd’s and will begin underwriting from April 1, 2024. Created to provide capacity for new e...
Posted: Mar 04, 2024
SiriusPoint Ltd., the global specialty re/insurer, has announced a series of key leadership appointments within global underwriting, including Christopher Larson joining the firm as Global Head of Casualty, based in New York, At the same time, the...
Posted: Mar 04, 2024
The Association of British Insurers (ABI) has launched a new guide to help insurance firms use artificial intelligence (AI) responsibly. The guide, which focuses on the best interests of consumers, sets out how those working in the insurance and l...
Posted: Mar 04, 2024
SCOR, one of Europe’s big four reinsurers, has confirmed that Stuart McMurdo, Chief Executive Officer (CEO) of its reinsurance segment, is to leave the company. McMurdo joined SCOR in 2018 as CEO of SCOR UK and the SCOR Syndicate, later beco...
Posted: Mar 04, 2024
WTW, a global advisory, broking and solutions company has appointed Julien Bosc to a newly created role as the Global Specialty Director within the company’s Insurance Consulting and Technology (ICT) business. Bosc will be based in London and repo...
Posted: Mar 04, 2024
Specialist re/insurance broker McGill and Partners has appointed Julien Horn as Partner within its ports and terminals team, headed up by Julien Hubbard, adding expertise in logistics and transportation. Horn joins McGill and Partners from TT Club...
Posted: Mar 04, 2024
Aviva, an insurance and financial services company, has partnered up with Howden to provide bespoke insurance to Sunsave, a start-up which offers homeowners solar panels on a subscription service. From what we understand, the insurer and broker wo...
Posted: Mar 04, 2024
Inigo Limited (Inigo), a specialist insurance company, has recently announced its partnership with Samsara, an Industrial Internet of Things (IoT) firm. Together, they aim to revolutionise insurance solutions for US companies with large automotive...
Posted: Mar 04, 2024
Acrisure Re, the re/insurance division of Acrisure, has hired Joel Hodges as Executive Vice President, where he will be based in London with a global role. With a career spanning over 25 years across the re/insurance industry, Hodges brings a deep...
Posted: Mar 04, 2024
Global non-life specialty insurer R&Q Insurance Holdings Ltd (R&Q) has confirmed it is still exploring different strategic options for its Legacy Insurance business. However, it anticipates finalising the sale of its Accredited business by...
Posted: Mar 04, 2024
Insurance and reinsurance broker Aon has named Rishi Mehra as the Head of India, reporting to Anne Corona, Chief Executive Officer of Asia Pacific. Mehra will begin transitioning to his new role immediately and will be based in Mumbai by mid-2024....
Posted: Mar 04, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Will Curran as Head of Global Property Reinsurance, effective 11 March, 2024. Based in London, Curran will be responsible for bui...
Posted: Mar 04, 2024
Property and auto-focused insurance group, Progressive, renewed its aggregate excess of loss (XoL) reinsurance program for its property business at the January renewals with a lower retention for both layers, and has also renewed and upsized its h...
Posted: Mar 04, 2024
The Insurance Council of Australia (ICA) has revealed that losses from declared insurance catastrophes over the summer have now reached $1.2 billion. According to the ICA, the two major events in this period were Ex-Tropical Cyclone Jasper, which...
Posted: Mar 04, 2024
UK-domiciled insurer Aviva Plc will acquire 100% of Probitas Holdings (Bermuda) Limited, the ultimate holding company of the Probitas Group, for a minimum fixed consideration of £242 million, marking the firm’s entry into the Lloyd’s m...
Posted: Mar 04, 2024
Floodbase has been awarded a grant to launch parametric flood insurance programs for farmers in Mozambique and Malawi, with support from African Risk Capacity Limited (ARC Ltd.) and Global Parametrics. In Mozambique, over 80% of people depend on a...
Posted: Mar 04, 2024
Lloyd’s Insurance Company S.A. (Lloyd’s Europe) has announced its will provide non-life insurance business services on a Freedom to provide Services basis only in Lithuania and Malta from February 29, 2024. According to the announcement, the Natio...
Posted: Mar 04, 2024
Echo Reinsurance Limited (Echo Re), a global reinsurer, has recently announced its adoption of ACORD Solutions Group’s ADEPT (ACORD Data Exchange Platform and Translator) to streamline digital data exchange with Guy Carpenter. ADEPT, developed by...
Posted: Mar 04, 2024
Energy Raven has officially launched from American Family Insurance, where it was originally incubated. According to Energy Raven it was initially conceived as an internal corporate innovation project, it has now emerged as a nationally scaled com...
Posted: Mar 04, 2024