Reinsurance News
Insurtech Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics – a leader in risk management solutions in the region – to combat identity t...
Posted: Mar 01, 2024
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital has announced the appointment of W. Marston (Marty) Becker as non-executive Chair of its Board of Directors. Becker will take over the position in May 2024, timed to...
Posted: Feb 29, 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has announced that it has added Cyber Liability to its proprietary digital platform, RT Connector. The digital platform allows retail insurance agents to efficiently access multi...
Posted: Feb 29, 2024
Holding company Tiptree has reported a 37.5% increase in gross written premiums and premium equivalents for its specialty insurance subsidiary, Fortegra, in the fourth quarter of 2023. The gross written premiums and premium equivalents grew in Q4&...
Posted: Feb 29, 2024
Allianz Partners, a global insurance and assistance company, has announced the appointment of Jacob Fuest to the position of Chief Markets Officer (CMO) and Member of the Board of Management. In his new role, Fuest will focus on helping Allianz Pa...
Posted: Feb 29, 2024
Placing Platform Limited (PPL), an electronic trading platform for the London re/insurance market, has launched a broker Early Adoption Programme (EAP), which has a focus on the operationalisation of the platform’s API capabilities and refle...
Posted: Feb 29, 2024
Analysis by Fitch Ratings on the outcome of the key January 1st, 2024, renewals for European reinsurers claims that underwriting margins are close to peaking as supply and demand exhibits greater equilibrium. Earlier this year, Fitch warned that r...
Posted: Feb 29, 2024
The Insurance Information Institute (Triple-I) recently released a report highlighting how excessive litigation exacerbates the long-standing issue of rising auto insurance costs. The report outlines how dangerous driving conditions and economic f...
Posted: Feb 29, 2024
Amwins, an independent wholesale distributor of specialty insurance products, has announced its definitive agreement to acquire Connected Risk Solutions, LLC, the wholesale E&S insurance brokerage operated by BRP Group, Inc. (BRP). Jeff McNatt...
Posted: Feb 29, 2024
Johan Slabbert, the Chief Executive Officer of MSIG Holdings (U.S.A.), Inc., is set to depart from his role to pursue new opportunities. Effective immediately, Takehisa Chiba, the Chairman of MSIG Holdings (U.S.A.), Inc., will step into the role o...
Posted: Feb 29, 2024
James River Group Holdings Ltd. has released its financial results for the fourth quarter of 2023 reporting a net loss of $152.7mn, marked by a net loss stemming from the reclassification of its Casualty Reinsurance segment’s results to disc...
Posted: Feb 29, 2024
CyberCube’s analysis of all the 144A cyber catastrophe bonds issued to date shows that diversification within cyber as an asset class is possible. In a recent white paper titled “Digital Ties and Natural Divides: Correlation and Diversificat...
Posted: Feb 29, 2024
Insurance broker Lockton has announced that Eric Braverman and Eric Bill are joining the firm to build out its Lawyers Professional Liability Practice. Braverman is reportedly joining as Senior Vice President, Professional Services Practice Leader...
Posted: Feb 29, 2024
BRP Group, the independent insurance distribution firm, has announced that total revenues increased 16% year-over-year to reach $284.6 million in their results for the fourth quarter of 2023. At the same time, the company reported organic growth o...
Posted: Feb 29, 2024
Howden has announced the acquisition of Intersure Group Limited, which is set to further strengthen its ability to service the Irish insurance market. Established in 1999 by Noeleen Butterly, Intersure is an owner-managed business based in Droghed...
Posted: Feb 29, 2024
UK insurer Direct Line Group has rejected Ageas’ recently announced offer for the company, labelling it “unattractive” and “highly opportunistic”. The firm’s Board has now confirmed that on 19 January 2024, it r...
Posted: Feb 29, 2024
Michael Hinz, who has served as Korean Re Switzerland’s Chief Underwriting Officer since 2021, will assume the Chief Executive Officer (CEO) role on July 1st, 2024. Korean Re Switzerland is a wholly owned subsidiary of Seoul based reinsurer...
Posted: Feb 29, 2024
Africa Specialty Risks (ASR) has reportedly formed a parametric reinsurance partnership with a leading European reinsurer to increase its coverage for vulnerable populations and economies in Africa and the Middle East. The partnership was facilita...
Posted: Feb 29, 2024
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has promoted Edward Ashby to the newly created position of Chief Commercial Officer, in addition to his current role as the Global Head of Distribution for insurance. With his new...
Posted: Feb 29, 2024
In Swiss Re’s recent report highlighting key insights from the insurance-linked securities (ILS) market in 2023, the firm observed a surge in new sponsors entering the catastrophe bond market, alongside the return of several sponsors after a perio...
Posted: Feb 29, 2024
Leadership members of actuarial consultancy OAC have addressed the Prudential Regulation Authority’s (PRA) recently published Policy Statement on Solvency II, the prudential regulatory framework for insurers and reinsurers. If you recall, in...
Posted: Feb 29, 2024
A new managing general agent (MGA) platform, Blue Ocean Reinsurance Group, has recently been announced, based in the Cayman Islands. This platform aims to support current and incoming reinsurers to the Cayman Market, as well as larger, complex cap...
Posted: Feb 29, 2024
Chedid Re’s Shukri Abou Jaoude has been appointed to the role of Deputy General Manager at Chedid Re Lebanon, in addition to his current role as Senior Director for the Health, Life, and Travel Treaty Division. Shukri has been with Chedid Re...
Posted: Feb 29, 2024
Montoux, a provider of AI and actuarial modelling technology has launched Model Copilot, a generative AI copilot designed specifically for actuaries to transform actuarial work by automating the most time-consuming aspects of model documentation a...
Posted: Feb 29, 2024
Assured Guaranty, a financial guaranty insurer, has announced its financial results for the fourth quarter of 2023 reporting an increased net income of $376 million compared to the $94 million reported in the same period the year prior. According...
Posted: Feb 28, 2024