Reinsurance News
Placing Platform Limited (PPL) has confirmed continued strong and stable performance during peak June and July renewals following remediation and performance initiatives that resulted in enhanced platform performance. PPL clients had experienced a...
Posted: Jul 18, 2024
Intact Insurance Specialty Solutions, the U.S. insurance subsidiary of Intact Financial Corporation, has named Kirk Garrett as President of Striior Insurance Solutions. Consequently, Tony Falcone has been promoted to President of Intact’s In...
Posted: Jul 18, 2024
Analysts at Morningstar DBRS have noted that the company’s outlook for the global P&C reinsurance market remains positive despite looming headwinds such as natural catastrophe events, interest rate volatility, and potential geopolitical...
Posted: Jul 18, 2024
Liane Hirner has been re-elected for another four-year term to the Insurance and Reinsurance Stakeholder Group (IRSG) of the European Insurance and Occupational Pensions Authority (EIOPA). Hirner is a member of the Managing Board of Directors and...
Posted: Jul 18, 2024
Almost three quarters (72%) of business leaders believe that their businesses are not moving fast enough to address risks associated with global megatrends across trade, technology, weather and workforce, according to a recent survey by re/insuran...
Posted: Jul 18, 2024
LM Re, the reinsurance arm of Liberty Mutual, has appointed Mark De La Mare to the role of Head of Australia and New Zealand, effective October 2024. De La Mare, who will report to James Green, Head of Property, London, and John McCabe, Chief Oper...
Posted: Jul 18, 2024
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, and Berlin-based climate start-up goodcarbon have launched insurance for long-term carbon credit purchases that offers in-kind replacements of insured credits. This new...
Posted: Jul 18, 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed an initial industry loss estimate of €1.568 billion (USD 1.74 billion) for the floods in southern Germany from 31st May to 6th June 2024. The estimate provided by PERILS is base...
Posted: Jul 18, 2024
Flood Re, the joint initiative between the UK insurance industry and the UK Government to promote the availability and affordability of flood insurance, has reported a “strong financial and operational performance” for the financial ye...
Posted: Jul 18, 2024
CAPE Analytics, a provider of AI-powered property insights, has announced a long-term collaboration with EagleView, a geospatial technology expert, to bolster access to current and historical, high-quality, high-resolution, aerial imagery. This in...
Posted: Jul 18, 2024
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has announced the appointment of Todd LaBandt as Senior Vice President (SVP) of Environmental Insurance at Hamilton Americas, its US managing agency. In his new role,...
Posted: Jul 18, 2024
Global claims services provider McLarens has announced the appointment of Felipe Ramirez as Managing Director of the McLarens Latin America, and Leo Garzon as Senior Vice President, Group Operation, Latin America, a new global role. In his new rol...
Posted: Jul 18, 2024
Insurer results for the second quarter of 2024 are expected to be highlighted by an elevated level of catastrophes, ongoing concerns around casualty loss reserves, and negligible mark-to-market impacts on investment portfolios, JMP Securities has...
Posted: Jul 17, 2024
Enstar EU has promoted Nick Crossley to Chief Executive Officer (CEO), subject to regulatory and Board approvals. The executive will replace Paul Brockman, who has served as Interim CEO of Enstar EU since January 2024. However, it has been confirm...
Posted: Jul 17, 2024
Cayman Islands-based reinsurer Oxbridge Re’s Web3-focused subsidiary, SurancePlus Inc., has signed a partnership agreement with Zoniqx, a digital asset manager, designed to expand SurancePlus’ footprint as it aims to revolutionise the reinsu...
Posted: Jul 17, 2024
EPIC Insurance Brokers & Consultants has expanded its footprint in the Pacific Northwest region of the US with the acquisition of Oregon-based firm Century Insurance Group, LLC, a specialist in employee benefits and commercial and personal P&#...
Posted: Jul 17, 2024
CFC, an insurance provider specialising in emerging and cyber risks, has appointed Bryan Joseph and Oliver Corbett as Independent Non-Executive Directors to its Board. Louise O’Shea, Group Chief Executive Officer, CFC, commented, “Both Bryan...
Posted: Jul 17, 2024
Homeowners insurance costs in the US have been on the rise since COVID, largely due to increased losses from natural catastrophes and persistent inflation, according to the Insurance Information Institute (Triple-I). Despite more frequent and inte...
Posted: Jul 17, 2024
A recent poll from Reinsurance News suggests that AI-powered threats will drive the biggest losses across the cyber re/insurance market over the next two years. Hundreds of people from across the insurance and reinsurance industry responded to the...
Posted: Jul 17, 2024
The Texel Group, a specialist credit and political risk insurance broker, has announced a number of senior appointments, including William Shaw’s promotion to Deputy CEO. Based in London, Shaw was promoted to his new role from his Managing Directo...
Posted: Jul 17, 2024
S&P has awarded Vienna Insurance Group (VIG) an excellent “A+” rating with a stable outlook. This places VIG among the top-rated companies in the Austrian Traded Index. The Group’s reinsurance company, VIG Re, based in Prague, also...
Posted: Jul 17, 2024
DUAL Europe has announced the appointment of Michael Wyss as Managing Director of DUAL Swiss, bolstering the company’s leadership team as the business positions itself to grow its market share in Switzerland. DUAL Swiss’s primary lines of business...
Posted: Jul 17, 2024
International and Israeli investors have agreed to acquire up to 21.5% of Phoenix Group Holdings, an Israeli financial group, from investment firms Centerbridge Partners and Gallatin Point. The investment involves the sale of 4.95% of Phoenix shar...
Posted: Jul 17, 2024
Allianz Group, a global insurer and asset manager, through its wholly owned subsidiary Allianz Europe B.V., has offered Singapore-domiciled insurer Income Insurance a pre-conditional voluntary cash general offer to acquire at least 51% of its shar...
Posted: Jul 17, 2024
Global insurance broker WTW has announced a series of major hires for its international casualty team, based in the firm’s London office, part of the direct and facultative global line of business. Firstly, the company has appointed industry...
Posted: Jul 17, 2024