Reinsurance News
Hong Kong-based global reinsurer Peak Re has appointed David Menezes as Chief Risk Officer, effective immediately. Menezes has served as the Deputy Chief Risk Officer at Peak Re since September 2022. Here, he has reportedly been instrumental in up...
Posted: Jul 15, 2024
The Texel Group, a specialist credit and political risk insurance broker, has announced the appointment of Ivan Jesensky as its first digitisation broker and Michaela du Toit, who has joined as a broker. Based in London, Jesensky will be reporting...
Posted: Jul 15, 2024
JP Morgan has estimated some changes for the Lloyd’s insurers ahead of the first half of 2024 (1H24) results, including the expectation that the companies are well on track to achieve their 2024 guidance. “We expect the Lloyd’s insurers to be well...
Posted: Jul 15, 2024
Japan’s life insurance industry is seeing a resurgence as the economy overcomes its “lost decades,” according to a recent report by global reinsurer Swiss Re. In contrast, China’s life insurers are now dealing with the same...
Posted: Jul 15, 2024
Re/insurance educator and research provider, The Institutes, has appointed W. Robert Berkley Jr., President and Chief Executive Officer (CEO) of W. R. Berkley Corporation (WRBC), and John C. Roche, President and CEO of The Hanover Insurance Group,...
Posted: Jul 15, 2024
Charlee.ai, a provider of AI-based predictive analytic solutions, and Duck Creek Technologies, a provider of SaaS core systems for the insurance industry, have partnered to create a solution to enhance claims management processes. The collaboratio...
Posted: Jul 15, 2024
Earlier this week, Parametrix, a provider of cloud monitoring, modeling, and insurance services, successfully secured a $50 million parametric cloud outage coverage for a US retail chain. As announced by Parametrix’s Chief Commercial Officer...
Posted: Jul 12, 2024
Miller, an independent specialist re/insurance broker, has appointed Christopher Dines as Head of Client Service within a newly created Real Estate team, effective immediately. Dines will be based in London to build out a dedicated global Real Est...
Posted: Jul 12, 2024
ACORD, the standards-setting body for the global insurance industry, has announced that its Global Insurance Stock Index outperformed the broader market for the second consecutive quarter in a row, delivering a return of 28.9% compared to the worl...
Posted: Jul 12, 2024
Property and casualty (P&C) insurer Chubb has announced a number of new leadership appointments, including Ana Robic and Ben Rockwell as Senior Vice President, Chubb Group. Robic is the current Vice President, Chubb Group and Division Presiden...
Posted: Jul 12, 2024
Managing general agent, XS Global, has established its presence in Dubai with the launch of its operating unit, XS Global (DIFC) Limited, led by Stephen Saunders. The MGA has stated this move is to strengthen its reinsurance capacity globally, as...
Posted: Jul 12, 2024
Blackstone Credit & Insurance (BXCI), a division of the global investment firm Blackstone, recently announced the appointment of Tyler Dickson, the former Global Head of Investment Banking and Vice Chair of Banking & International at Citi,...
Posted: Jul 12, 2024
During yesterday’s S&P Global Ratings Insurance In Focus webinar, Ali Karakuyu, Director and Lead Analyst, stated that if a large tail, 1-in-200 year catastrophe event were to occur, the global reinsurance sector is well-prepared and wou...
Posted: Jul 12, 2024
Ascot U.S, a P&C re/insurer part of Ascot Group Limited., has partnered with Phinsys, a finance automation software provider for the re/insurance sector, to modernise its business technology landscape and enhance its financial and accounting o...
Posted: Jul 12, 2024
US carbon-credit insurance carrier Oka, and Socotra, a provider of modern policy administration systems, have formed a strategic partnership aimed at the carbon markets and scaling climate solutions. This partnership combines Oka’s team and...
Posted: Jul 12, 2024
Markel Canada, a division of London-domiciled casualty insurer Markel International, a subsidiary of Markel Group, has officially launched Markel Play, which will serve as a comprehensive insurance product tailored for the sports, fitness, and rec...
Posted: Jul 12, 2024
Favourable first-quarter economic and underwriting results for property & casualty (P&C) insurance are reportedly in line with projections that the sector will see a small underwriting loss in 2024, but achieve profitability in 2025, accor...
Posted: Jul 12, 2024
Japanese reinsurance group Toa Re has reported that net income for the fiscal year ending March 2024 was 15.5 billion yen ($97.4 million), marking an increase of 13.1 billion yen ($82.3 million) compared to the previous fiscal year. Toa Re reporte...
Posted: Jul 12, 2024
Concert Group Holdings, Inc., a privately owned insurance holding company, has announced the appointment of Charles Rawlins as Senior Vice President, Property Underwriting and Program Management. In his new role, Rawlins will be responsible for un...
Posted: Jul 12, 2024
Origin Specialty Underwriters Agency, a partner company of Beyond Risk, has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused MGU. AIMS offers a variety of farm-related coverages, including homes, barns,...
Posted: Jul 12, 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has appointed Matthew Dumbrell, General Counsel for Generali’s UK branch, as Chair of the IUA’s Legal and Regulatory Committee. This...
Posted: Jul 12, 2024
In a new report on the matter, Conning has revealed that the total U.S. Managing General Agents (MGA) market, including business written for the account of Lloyd’s syndicates, exceeded $102 billion in direct premiums written in 2023. Accordi...
Posted: Jul 12, 2024
Catastrophe risk modeller CoreLogic has updated its insurance industry loss estimate for the impacts of hurricane Beryl, putting the total for wind losses in Texas at between $2.5 billion and $3.5 billion. At the same time, CoreLogic has updated i...
Posted: Jul 12, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Bill Zhang as President, Consumer Lines, Asia Pacific (APAC). In his new role, Zhang will report directly to Kenne...
Posted: Jul 12, 2024
The fintech industry is poised for significant growth despite recent challenges, according to a recent report by Boston Consulting Group (BCG), a management consulting firm, and QED Investors, a venture capital firm specialising in fintech, titled...
Posted: Jul 12, 2024