Reinsurance News
Clement Lau has been appointed as Executive Director, Policy and Legislation of the Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong. The Government’s Financ...
Posted: Jan 31, 2024
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has promoted Jacqui Grinberg to the role of Chief Claims Officer, with immediate effect. She will be reporting to Carol-Ann Burton, ASML Director and General Co...
Posted: Jan 31, 2024
Cincinnati Financial Corporation has announced that President Stephen M. Spray will take over as Chief Executive Officer (CEO) of the company in May, with Steven J. Johnston remaining as executive chairman of the company and its US subsidiaries. J...
Posted: Jan 31, 2024
In a strategic collaboration, global reinsurer Swiss Re has joined forces with research partner Carnegie Endowment and major cloud providers to address and mitigate the risks associated with the concentration of cloud services. This partnership ha...
Posted: Jan 31, 2024
AM Best is maintaining a stable outlook on Japan’s non-life insurance industry, emphasising the sector’s profitable and stable underwriting practices and robust capital base amid financial market uncertainties. The rating agency highli...
Posted: Jan 31, 2024
Sompo International, the property & casualty (P&C) insurer and reinsurer, has named David Bigley Executive Vice President, Head of Ceded Reinsurance, where he will be responsible for the firm’s outbound reinsurance placements. With o...
Posted: Jan 31, 2024
Global insurer Chubb Limited has reported improved year-on-year net premiums written (NPW), a strong underwriting result, and record net income of $3.3 billion for the fourth quarter of 2023. Alongside the 151.7% year-on-year rise in net income, C...
Posted: Jan 31, 2024
Probitas has appointed Robbin Botnick to initiate the process of setting up a Service Company based in Toronto, Canada. According to Probitas, Botnick has a “long history and knowledge of Lloyd’s business” with extensive experience bot...
Posted: Jan 31, 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) has reported a stronger combined ratio of 76% and 77.9% for the fourth quarter and full year 2023, respectively, as the firm’s underwriting and investment income improved for both periods. RenRe...
Posted: Jan 31, 2024
Guy Carpenter, a global risk and reinsurance specialist and business of Marsh McLennan, has launched its new cyber reinsurance product, CatStop+, a “first-of-its-kind” market-tested structure designed to address the volatility of cyber...
Posted: Jan 31, 2024
Atlas Insurance PCC, Malta-based insurer and Protected Cell Company (PCC) in the EU, has obtained authorisation for its UK branch license and extended its non-life insurance and reinsurance license to encompass life reinsurance. The insurer has be...
Posted: Jan 31, 2024
Arthur J, Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has acquired Washington, Iowa-based Horak Insurance, Inc., a retail property & casualty (P&C) insurance agency. The organisation p...
Posted: Jan 31, 2024
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has announced significant leadership changes, appointing Suzanne Williams-Charles as Chief Executive Officer (CEO) and David Altmaier as Executive Advisor. Williams-Charles, set to j...
Posted: Jan 31, 2024
Property & casualty insurer, Berkshire Hathaway Specialty Insurance (BHSI), has appointed Fiona Merton as the new Head of Customer & Broker Engagement in the UK, based out of London. She succeeds Mark Walker, who was recently named Head of...
Posted: Jan 31, 2024
Bermuda-based global specialty insurance firm Ascot Group has announced the appointment of Elizabeth Johnson as Group Chief Operating Officer (COO), effective immediately. Johnson brings to her new role extensive Property & Casualty industry e...
Posted: Jan 30, 2024
Bermuda-based global specialty insurance firm Ascot Group has announced the appointment of Elizabeth Johnson as Group Chief Operating Officer (COO), effective immediately. Johnson brings to her new role extensive Property & Casualty industry e...
Posted: Jan 30, 2024
AXA PPP Healthcare Limited (AXA Health), the global life and health reinsurance firm, has entered into a reinsurance agreement with NextGen International Insurance (NextGen i.i) to introduce new International Private Medical Insurance (IPMI) solut...
Posted: Jan 30, 2024
The introduction of the first 144A cyber catastrophe bond transactions in the final quarter of last year was an important step in the development and advancement of the broader cyber risk transfer market, according to Damini Mago and Alice Woolley...
Posted: Jan 30, 2024
Zurich North America has announced key leadership changes in its Direct Markets and Crop businesses, with Jason Meador appointed Head of Direct Markets as Vince Santivasi retires. Santivasi is to stay on through April 5 to assist in Meador’s trans...
Posted: Jan 30, 2024
Insurtech firm BOXX Insurance, in partnership with AXA, has unveiled a cyber risk mitigation solution designed to offer vital support to small businesses. Recognising the pressing need for comprehensive protection against cyber threats for smaller...
Posted: Jan 30, 2024
Coalition, the Active Insurance provider, has announced it’s new Miscellaneous Professional Liability (MPL) Insurance coverage. According to the firm, this coverage helps protect against the impact of a claim that a organisation committed er...
Posted: Jan 30, 2024
Victor, a Marsh-owned specialty managing general underwriter (MGU), has announced the appointment of John (Jack) Sallada as President of Victor Access, the company’s wholesale brokerage. Sallada is taking over the role at the MGU following more th...
Posted: Jan 30, 2024
In a move to further strengthen its risk management capabilities in the UK, Howden has acquired AHR Consultants, a provider of human relations (HR), employment law, training and health & safety services. The AHR Consultants team provides a ran...
Posted: Jan 30, 2024
Following a difficult January reinsurance renewal season in 2023, it felt “like a much more normal renewal” this year with fewer surprises, but to ensure a sustainable balance in risk sharing, continued underwriting discipline is param...
Posted: Jan 30, 2024
Gemini Financial Holdings Corporation, the parent company of Olympus Insurance Company, the residential property insurer, has announced Dan Boxell as the new Chief Financial Officer (CFO) of Olympus. Tim Stroble, Chief Executive Officer, Olympus I...
Posted: Jan 30, 2024