Reinsurance News
African Risk Capacity Limited (ARC Ltd.) and the United States Government (USG) have entered into a $11.7 million partnership to increase access to parametric insurance in Africa and safeguard food security. According to ARC Ltd., this newly annou...
Posted: Feb 13, 2024
CFC, the specialist insurance provider with expertise in emerging risk and cyber, has appointed Samantha Tanner, formerly of global reinsurer SCOR, as its new Chief Actuary. Tanner brings more than two decades of insurance experience in the Lloyd’...
Posted: Feb 13, 2024
Tokio Marine HCC International (TMHCCI), a member of the Tokio Marine HCC group of companies, has appointed Nicola Hannay as the Head of Power Generation, effective immediately, reporting to Ben Kinder, Chief Underwriting Officer – Marine, E...
Posted: Feb 13, 2024
Stonybrook Capital, LLC and its affiliates served as Financial Advisor for super-regional property and casualty insurance holding company, Heritage Insurance Holdings’ recently completed public offering. Heritage announced the successful conclusio...
Posted: Feb 13, 2024
In a recent publication by the Global Federation of Insurance Associations (GFIA), the unique characteristics of the insurance industry have been emphasised, highlighting the need for policymakers to consider these distinctions when formulating fu...
Posted: Feb 13, 2024
In response to significant growth and recent successful transactions, Compre, the Bermuda-based international legacy group, has announced pivotal management changes aimed at enhancing operational efficiency and global client solutions. The establi...
Posted: Feb 13, 2024
Wholesale insurance brokerage and underwriter, Burns & Wilcox, has announced the appointment of Andy Wood as Vice President and Practice Group Leader, Professional Liability. In his new role, Wood will be responsible for working across Burns &...
Posted: Feb 13, 2024
Investors appear to have mixed views on the impact of post-Brexit Solvency II (S2) reforms on UK insurers’ credit quality, according to Fitch Ratings. At a recent Insurance Insights event in London, that was attended by investors, issuers, as well...
Posted: Feb 12, 2024
Insurtech managing general agent (MGA), Loadsure has launched a Motor Truck Cargo Insurance product powered by data and purpose-built for the logistics community. Named Columbia™- Motor Truck Cargo and Logistics Services Insurance, Loadsure...
Posted: Feb 12, 2024
In the January 2024 results for the Ivans Index – the insurance industry’s premium renewal rate index – year over year, all major commercial lines experienced an increase in average premium renewal rates. Ivans explained that month ov...
Posted: Feb 12, 2024
MBE certified Embrace Partners, Inc. (Embrace), a tech-driven managing general underwriter (MGU) of specialty commercial insurance, has forged a significant partnership with EPIC Insurance Brokers & Consultants (EPIC). This collaboration mark...
Posted: Feb 12, 2024
In accordance with the Insurance Information Institute’s (Triple-I) latest Issues Brief, global direct written premiums for cyber insurance are projected to escalate to $23 billion by 2025. U.S. enterprises are anticipated to contribute appr...
Posted: Feb 12, 2024
Fairfax Financial Holdings Limited has further denied recent allegations made in the Muddy Waters report regarding the firm having manipulated its valuation and income by engaging in certain transactions. In its announcement, the Canadian financia...
Posted: Feb 12, 2024
SiriusPoint Ltd., a global specialty insurer and reinsurer, announced a strategic collaboration with Stockholm-based Managing General Underwriter (MGU), Ryan Specialty Nordics AB. This partnership marks a significant step towards enhancing insuran...
Posted: Feb 12, 2024
In a strategic move aimed at solidifying its standing as a premier provider of insurance and reinsurance solutions in the MENA Region, ELAM Insurance Group – Insurance & Reinsurance Solutions announced its expansion in Cyprus. The establ...
Posted: Feb 12, 2024
Policies in-force at the Texas Windstorm Insurance Association (TWIA) continue to rise, and combined with inflationary effects pushing up exposed values, the insurer of last resort might look to secure a 65.7% increase in reinsurance limit for 202...
Posted: Feb 12, 2024
Global broking firm WTW, has announced that it has launched an International CyCore Facility (ICF) aimed at international clients headquartered outside of Great Britain and the United States, with revenues up to US$1 billion (or the equivalent cur...
Posted: Feb 12, 2024
Independent specialist (re)insurance broker Miller has appointed Hayley Kennedy as Client Advocate across its Upstream and Onshore Energy teams. According to Miller, in her new role, Kennedy will focus on client development and tenders with partic...
Posted: Feb 12, 2024
Galway Holdings, a diversified broker and insurance distribution platform, has appointed Steve Denton as the Chief Executive Officer (CEO) of Galway Retail Services, with John Jennings taking over as CEO of Galway Specialty Markets. Changes within...
Posted: Feb 12, 2024
Lloyd’s and London Market insurance services provider, PoloWorks, has unveiled captive manager, Polo Insurance Managers (PIM) after the Guernsey Financial Services Commission granted ‘approval in principle’. According to the announcement, PIM will...
Posted: Feb 12, 2024
Specialist insurance and reinsurance broker BMS has partnered with Artificial Labs to adopt the algorithmic underwriting specialists Contract Builder. According to BMS, Contract Builder will “seamlessly integrate” into its existing Bro...
Posted: Feb 12, 2024
Specialty re/insurer IQUW has announced the appointment of three senior executives to its Property team, Mike Barrett, Jonathan Powell and Charles Tinworth. The new hires, IQUW stated, will enhance service to brokers and support the strategic grow...
Posted: Feb 12, 2024
Recent storms in California have caused heavy flooding in the state resulting in significant economic losses, many of which may not be insured, warned David Blades, associate director, industry research and analytics at AM Best. He stated: “After...
Posted: Feb 12, 2024
Markel has announced the appointment of Jack Matthews as Underwriter for its War and Terrorism portfolio. According to Markel, Matthews’ primary objectives in the new role will involve supporting the senior members of its War and Terrorism t...
Posted: Feb 12, 2024
Cypress Property & Casualty Insurance Company, a provider of an array of insurance products to clients in Florida and Texas, has selected Taurus Flood to become their flood insurance service provider as they are a new participant in the Nation...
Posted: Feb 12, 2024