Reinsurance News
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilit...
Posted: Jan 30, 2024
Independent insurance broker Lockton has announced that Sten Asmussen and Erik Ludvigsen will move from Lockton Denmark to Söderberg & Partners, a member of the Lockton Global Partnership Network. The transfer takes place with immediate effect...
Posted: Jan 30, 2024
Phoenix Merchant Partners, LP, an independent investment firm, has announced a number of new hires, including Julia Henderson’s as Managing Director, Insurance Solutions; as well as the closing of its first transaction, which finances non-catastro...
Posted: Jan 30, 2024
Beat Capital-backed Brace Underwriting Limited has announced the launch of Brace USA, naming Glenn Dorr as President and Head of Marketing, North America. Headquartered in North Carolina, Brace USA is set to “mirror the appetite” of it...
Posted: Jan 30, 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS...
Posted: Jan 30, 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm’s recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, t...
Posted: Jan 30, 2024
Canopius Group, a leading global specialty (re)insurer, has announced strategic appointments to bolster its Credit & Political Risk team in London and the Asia-Pacific (APAC) region. Angelos Deftereos joins as the Head of Structured Credit, br...
Posted: Jan 30, 2024
Cyber risk management provider Resilience has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. Resilience explained that the expanded authorities come after a strong year of growth whil...
Posted: Jan 30, 2024
In a recent interview, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, explained to Reinsurance News how the company is taking advantage of a capacity shortfall and leveraging advanced technology to bring...
Posted: Jan 30, 2024
The standardisation of environmental, social, and corporate governance (ESG) metrics across the re/insurance industry is key, as it would help insurers to make more informed decisions, according to Chaucer analysts. An industry-wide standard would...
Posted: Jan 30, 2024
Zurich North America has appointed Jason Meador, currently Head of Zurich’s crop insurance business, Rural Community Insurance Services (RCIS), to lead the Direct Markets business. The appointment is effective February 1st, 2024, and he will...
Posted: Jan 30, 2024
Reflecting on the 1/1 2024 renewals, AXA XL Reinsurance’s Chief Executive Officer (CEO), Renaud Guidée says that the market is “gradually progressing towards adequacy and normalising.” In a report posted by the organisation, he e...
Posted: Jan 29, 2024
Insurance Europe has reported that the region’s insurance industry, along with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula v...
Posted: Jan 29, 2024
Independent insurance company manager Strategic Risk Solutions (SRS), has announced the acquisition of Robus Group from The Ardonagh Group, subject to regulatory approval. Robus operates from Guernsey and Gibraltar and provides professional manage...
Posted: Jan 29, 2024
Florida-domiciled insurtech, HCI Group, Inc., along with its majority-owned subsidiary, TypTap Insurance Group, Inc., will be modifying its relationship with Centerbridge Partners L.P. as it eyes greater operational and capital flexibility to bett...
Posted: Jan 29, 2024
Howden, the global insurance group, has named Mike Baker as the Chief Client Officer of Howden Asia, with immediate effect, based in Singapore and reporting to Goh Chye Huat, Chief Executive Officer, Howden Asia. Baker’s remit in the new role is t...
Posted: Jan 29, 2024
In April 2023, Weather Risk Management Services (WRMS), the agriculture and climate risk management firm, launched SecuRisk, a digital-first global parametric insurance marketplace, that aims to address the gaps and challenges in emerging economie...
Posted: Jan 29, 2024
Global specialty insurer and a subsidiary of Tiptree Inc., The Fortegra Group, Inc., has announced the launched of Fortegra’s initial public offering. According to the announcement, Fortegra has filed a registration statement on Form S-1 wit...
Posted: Jan 29, 2024
Despite the storms’ impacts being labeled as moderate compared to initial projections, the economic losses from Windstorms Isha and Jocelyn are anticipated to climb into the hundreds of millions of euros, according to Aon’s latest weekly cat...
Posted: Jan 29, 2024
62% of US insurers have said that they are willing to take more investment risk in 2024, even with concerns rising in regards to election year politics, fiscal/monetary policy, persistent inflation and volatility, according to a recent survey spon...
Posted: Jan 29, 2024
Álvaro Mengotti has joined the MDS Group, part of The Ardonagh Group, as an executive board member, an appointment that will help accelerate the Group’s Spain and Latin American expansion according to the announcement. At MDS Group Mengotti will w...
Posted: Jan 29, 2024
In a recent development, AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) of American International Group, Inc. (AIG) and its property/casualty (P/C) insurance subsidiaries to “a+” (Excellent) from “aR...
Posted: Jan 29, 2024
According to the latest edition of WTW’s Natural Catastrophe Review, the numerous unanticipated disasters recorded in 2023 have highlighted the need for a “proactive approach” to risk identification, mitigation and adaptation. &#...
Posted: Jan 29, 2024
Australian primary insurer Suncorp anticipates the total cost of natural hazard events for H1 2024 to be approximately $568 million, which consists of six significant events during the period. Suncorp’s natural hazard allowance for FY24 is $...
Posted: Jan 29, 2024
McGriff, one of the largest retail insurance brokers in the U.S., has announced the promotion of Erik Zentler to the position of Practice Leader for its Aviation practice based in Seattle. Zentler, with nearly two decades of experience in aviation...
Posted: Jan 29, 2024