Reinsurance News
AnaCap Financial Partners has announced that portfolio company MRH Trowe (MRHT), a German independent P&C commercial broker, has completed four bolt-on acquisitions in January. Acquired with effect from January 1, 2024, the companies involved...
Posted: Feb 09, 2024
Insurance management and reinsurance transform organisation, Nascent Group, has unveiled a new collateral monitoring feature to facilitate smoother and more transparent insurance-linked-securities (ILS) transactions to the benefit of fund managers...
Posted: Feb 09, 2024
Asta, in collaboration with its third-party managing agency at Lloyd’s, has announced the receipt of “in-principle” approval for an innovative syndicate-in-a-box (SIAB) aimed at revolutionising the insurance landscape for the biotech s...
Posted: Feb 09, 2024
AXA XL has appointed Anne Marie Elder to the newly created role of Global Chief Underwriting Officer, Specialty, effective April 1. Elder currently serves as AXA XL’s Global Chief Underwriting Officer, Marine, having joined the business in 2...
Posted: Feb 09, 2024
Japanese insurer Mitsui Sumitomo Insurance’s UK subsidiary, Mitsui Sumitomo Insurance Company (Europe), Limited (MSI EU), has appointed Martyn Rodden as Interim Chief Executive Officer (CEO), effective immediately. The appointment is subject to re...
Posted: Feb 09, 2024
In a comprehensive analysis of the global insurance landscape, Aon’s latest report for Q4 2023, led by Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, highlights resilience as the defining theme of the year. Despite economi...
Posted: Feb 08, 2024
Canadian financial holding company, Fairfax Financial Holdings Limited, has refuted claims in a recent report from Muddy Waters that the firm has “consistently manipulated asset values and income” by engaging in certain transactions, i...
Posted: Feb 08, 2024
Specialty re/insurance broker, McGill and Partners, has named Josef Heiler as a Partner in the Facultative Reinsurance team in Hannover, Germany, as it looks to strengthen its European presence. In his new role, Heiler will work with the McGill an...
Posted: Feb 08, 2024
Boost Insurance, an insurance infrastructure platform, has announced a significant milestone with the securing of over $130 million in new reinsurance capacity. This capital injection will fortify Boost’s position in supporting Managing Gene...
Posted: Feb 08, 2024
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Canopius US and Canopius Re, wholly owned subsidiaries of Canopius...
Posted: Feb 08, 2024
Brookfield Reinsurance reported a net income of $453 million in the fourth quarter of 2023, compared to a net income of $181 million for the prior year quarter. For the full-year 2023, Brookfield posted net income of $797 million, compared to $501...
Posted: Feb 08, 2024
Reinsurance brokerage firm Augment Risk has launched a dedicated insurance-linked-securities (ILS) division, led by newly appointed Thad Hall. The division is a big step forward in Augment’s commitment to innovation across the reinsurance br...
Posted: Feb 08, 2024
Nirvana, a UK-based specialty MGA, has appointed Andrea García-Beltrán to the newly-created position of Head of Cyber Europe. García-Beltrán, a seasoned veteran in cyber insurance, will assume her role in March. She brings a wealth of experience,...
Posted: Feb 08, 2024
CoreLogic, the global provider of property information, analytics, and data-enabled solutions, estimates that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more...
Posted: Feb 08, 2024
The Board of Directors of global insurer American International Group, Inc. (AIG) has elected John Inglis to serve as an Independent Director, effective March 1st, 2024. Inglis is a former National Cyber Director. He was also an advisor to the Pre...
Posted: Feb 08, 2024
AdvantageGo, a commercial re/insurance software provider and part of Coforge, has struck a strategic alliance with claims management system provider DOCOsoft. “DOCOsoft’s integrated claims management platform provides market-leading claims m...
Posted: Feb 08, 2024
Markel has named Katie Costello Head of Hull and War in a move that will reportedly bolster the London underwriting leadership team and position the Hull and War portfolio for further growth. In her new role at Markel, Costello is tasked with buil...
Posted: Feb 08, 2024
Fosun International Ltd. has ostensibly renewed its plan to sell Hong Kong-based Peak Re, seeking a valuation of about $1 billion, according to a new report from Bloomberg. Citing people familiar with the matter, Bloomberg said that BNP Paribas SA...
Posted: Feb 08, 2024
Global advisory, broking and solutions company WTW has appointed Ryohei Nakazawa as its new Head of Japan and Head of Corporate Risk and Broking (CRB) in the country, effective 1st April 2024. He will be based in Tokyo with a dual line of reportin...
Posted: Feb 08, 2024
Re/insurance marketplace Lloyd’s of London has announced investment in Axio to support further development of insurance solutions within the London insurance market. According to the announcement, the investment is a direct result from Axio’s sele...
Posted: Feb 08, 2024
Insurance broker and risk advisor and business of Marsh McLennan, Marsh, has hired Shannan Fort as International Cyber Product Leader, Marsh Specialty, where she will report to Gregory Eskins, Global Cyber Insurance Center Leader, and Kelly Butler...
Posted: Feb 08, 2024
US primary insurer Allstate has reported net income applicable to common shareholders in Q4 2023 of $1.5 billion, up massively compared to a loss of $303 million in the same quarter of 2022. Tom Wilson, Chair, President and CEO of Allstate, explai...
Posted: Feb 08, 2024
Faraday Underwriting Limited (FUL), part of the General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway, has appointed Nick Frankland as Non-Executive Director, effective from February 1, 2024. The executive will also succeed Marti...
Posted: Feb 08, 2024
Bermuda-based insurer and reinsurer Everest Group has reported 2023 combined ratios of 90.9% for the Group, 86.4% for reinsurance and 103% for insurance, as catastrophe losses fell to $451 million, and net investment income rose more than $600 mil...
Posted: Feb 08, 2024
Specialist insurance provider CFC has hired industry veteran Nichola Archibald as Interim Chief People Officer. Overall, Archibald has over 25 years of expertise across a wide range of industry sectors, including insurance holding senior HR positi...
Posted: Feb 08, 2024