Reinsurance News
Aurora, the digital commercial insurance business catering to micro, small, and medium-sized enterprises (SMEs), has appointed seasoned broker and underwriting expert Tom Willmore in preparation for the upcoming launch of its flagship commercial c...
Posted: Jan 19, 2024
As technology continues to develop, the re/insurance sector continues to adapt and apply various methods into their systems to change the way how certain tasks are completed, ultimately allowing for automation and saving valuable time that can be...
Posted: Jan 19, 2024
Verisk, a global data analytics and technology provider, has announced the creation of the Verisk Claims Advisory Board, which will aim to address the ever-evolving needs of claims organisations and to continue delivering cutting-edge solutions an...
Posted: Jan 19, 2024
The Travelers Companies, Inc. has posted a net income of $1.626 billion for the fourth quarter of 2023, driven by higher core income, partially offset by net realized investment losses compared to net realized investment gains in the same period o...
Posted: Jan 19, 2024
US primary insurer Travelers decided to increase the size of its catastrophe excess-of-loss (XoL) reinsurance treaty at its January 1st, 2024, renewal, with the 2024 tower extending up to $3.525 billion of qualifying losses, compared with $2 billi...
Posted: Jan 19, 2024
American Coastal Insurance Corporation, a property and casualty insurance holding company, has announced changes to its executive leadership team, including the appointment of Svetlana Castle as new Chief Financial Officer (CFO). Castle will take...
Posted: Jan 19, 2024
The insurance market is expected to continue developing new forms of cover for war risks throughout 2024, according to analysts from international insurance law firm, DAC Beachcroft. In a report released by the firm, analysts highlighted how insur...
Posted: Jan 19, 2024
Mosaic Insurance, the specialty insurer, has announced the appointment of Taylor Denier as Senior Vice President and Head of US Environmental Liability. Denier will be based in the company’s New York office and will report to Global Head Jim...
Posted: Jan 19, 2024
WTW, the global advisory, broking and solutions firm, has hired Miranda Rodriguez as Residential Segment Leader in the Real Estate, Hospitality, and Leisure industry division of Corporate, Risk, and Broking (CRB), North America. Based in South Car...
Posted: Jan 19, 2024
Despite momentum slowing down, reinsurers and London market players continue to enjoy attractive market conditions with pricing reaching new highs, while the structural changes in the terms and conditions achieved last year remain in place for 202...
Posted: Jan 19, 2024
Everest Reinsurance has announced the appointment of Chuck Volker as Chairman of Global Property. According to the firm, Volker will serve as a central point of contact for its property brokers and clients, enhancing its focus on “exceptiona...
Posted: Jan 19, 2024
Hamilton Insurance Group has appointed Jamie Secor as Chief Underwriting Officer of Hamilton Select, the firm’s US excess and surplus (E&S) lines insurer. Secor has over two decades of underwriting and senior management experience, havin...
Posted: Jan 19, 2024
Insurance and reinsurance brokerage Aon has hired Steve Dando from Ardonagh Specialty as Chief Executive Officer (CEO) of EMEA for its Strategy and Technology Group, based in London. In his new role, Dando will report to Sherif Zakhary, CEO of Aon...
Posted: Jan 19, 2024
In the upcoming 4Q23 results for the insurance sector, JMP Securities anticipates positive outcomes driven by robust mark-to-market tailwinds on investment portfolios and minimal catastrophe losses. The focus, however, remains on forward-looking f...
Posted: Jan 19, 2024
A number of organisations have officially ruled out involvement in the controversial East African Crude Oil Pipeline (EACOP) project, including re/insurance market players SiriusPoint, Riverstone International, Enstar Group, and specialty insurers...
Posted: Jan 19, 2024
Canadian insurance broker, Cavell Risk, has announced the appointment of Maria Costiuc as Vice President, Commercial Lines. Costiuc brings over ten years of Commercial insurance experience with her as a Property & Casualty underwriter and Exec...
Posted: Jan 19, 2024
Admiral and Direct Line, key players in the UK auto and home insurance sector, are facing potential profit challenges following warnings from the Financial Conduct Authority (FCA). Bloomberg Intelligence (BI) reports that the FCA’s scrutiny...
Posted: Jan 19, 2024
Virginia-domiciled, property and casualty insurance broker, The Hilb Group, has appointed Amanda Harm as Vice President (VP), Carrier Relations and Insurance Strategy, reporting to Jason Angus, Hilb Group Chief Operating Officer (COO). Angus comme...
Posted: Jan 19, 2024
Italian insurer Generali has successfully concluded the placement of its sixth and seventh green bonds, two new Euro denominated senior bonds due respectively in January 2029 and in January 2034. Following this transaction, the insurer has issued...
Posted: Jan 18, 2024
Rainbow, the digitally-enabled managing general underwriter, has raised $12 million in seed funding with participation from Arch Capital Group Ltd., Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, and Habitat Partners. Th...
Posted: Jan 18, 2024
US primary insurer Allstate has reported that it continued to make progress on its plan to improve profitability in 2023, with rate increases in its auto insurance and homeowners insurance lines that resulted in premium impacts of 16.4% and 11.3%,...
Posted: Jan 18, 2024
Howden Reinsurance Broker’s Head of Iberia, Alex Ramírez has left the organisation and joined Hispania (Grupo Concentra) as Head of Reinsurance & OM Business, as first reported by Spanish publication Inese. The Concentra Group is a membe...
Posted: Jan 18, 2024
Financial services firm Truist Financial Corporation has reported insurance income of $813 million in the fourth quarter of 2023, compared with $766 million in Q4’22. The company attributed its improved insurance income to organic growth. Or...
Posted: Jan 18, 2024
Global specialty re/insurer Canopius Group has appointed Robert Barnum as Underwriter – Professional Lines, Australia, & Asia-Pacific, based in Sydney. This appointment underscores Canopius’ commitment to the ongoing expansion of i...
Posted: Jan 18, 2024
Speaking in an interview with CNBC at the 2024 World Economic Forum in Davos, Christian Mumenthaler, CEO of Swiss Re, observed that despite geopolitics “trumping everything right now” in terms of global focus, there is no hesitation fr...
Posted: Jan 18, 2024