Reinsurance News
Fitch Ratings has revealed that its outlook for the European insurance sector remains ‘neutral’ for 2025, which according to the agency, reflects resilient operational and business conditions, and disciplined pricing, amid falling bond...
Posted: Dec 04, 2024
According to analysts at international insurance law firm, DAC Beachcroft, proposals to develop a UK captive market are expected to progress further in 2025. Analysts noted that the new UK Labour government has signalled that it could be receptive...
Posted: Dec 04, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Andrew Hopper as Head of Financial Institutions, UK, and the promotion of Chris Nixon to Underwriting Manager, Executive & Professional Lines, UK. Nixon will be tak...
Posted: Dec 04, 2024
Worldlink Specialty, LLC, a provider of specialised insurance products for the aviation and aerospace industry, has revealed its new digital portal, offering easy access to its exclusive range of aviation insurance solutions. Brokers and their avi...
Posted: Dec 04, 2024
Tokio Marine Kiln (TMK) has announced the appointment of Georgina Furness-Smith as Cyber Underwriter in APAC, a Singapore-based role. She will take up her role on 2 January. Furness-Smith is a cyber insurance specialist with over five years of und...
Posted: Dec 04, 2024
Investment firm Sixth Street, the principal shareholder of Lifetri, and financial provider Achmea, have established a pension and life insurance joint venture in the Netherlands. According to the announcement, this move will see Lifetri, with a ba...
Posted: Dec 04, 2024
Ryan Specialty’s transactional risk managing general underwriter, Ryan Transactional Risk (RTR), has announced several leadership promotions, effective January 1, 2025. George Pearce and Rich Stansfield, the current Managing Directors, will assume...
Posted: Dec 04, 2024
After WTW confirmed its re-entry into the treaty reinsurance broking market earlier today, via a joint venture with Bain Capital, Chief Executive Officer (CEO) Carl Hess has explained that, over time, the company could obtain control and purchase...
Posted: Dec 03, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. Based in New York, O’Connell wi...
Posted: Dec 03, 2024
A recent Reinsurance News poll, which drew responses from hundreds of industry professionals, suggests that regulatory mandates are viewed as the primary driver for the adoption of environmental, social, and governance (ESG) principles within the...
Posted: Dec 03, 2024
CFC, a provider of insurance solutions in emerging risks and a market leader in cyber, has launched a new excess insurance offering specifically designed for secondary transactions. This solution introduces a new option for the secondary transacti...
Posted: Dec 03, 2024
Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024. Noorani will report to Mark Wood, Head of Global Specialty Practices, and will lead Howden’s ne...
Posted: Dec 03, 2024
The Trustee of the £1 billion Merchant Navy Ratings Pension Fund (MNRPF) has entered into a transaction with Metropolitan Life Insurance Company (MetLife) to manage longevity risk of around £450 million of pensioner and dependant liabilities. This...
Posted: Dec 03, 2024
As part of Saudi Arabia’s ongoing efforts to address the global impact of drought, the Kingdom, alongside its partners, has launched the Riyadh Global Drought Resilience Partnership at the opening of the 16th session of the Conference of the...
Posted: Dec 03, 2024
Global insurance brokerage WTW has confirmed its intention to re-enter the treaty reinsurance broking market via a joint venture with private investment firm, Bain Capital, with WTW set to hold a minority share in the new company. At its 2024 Inve...
Posted: Dec 03, 2024
The US property and casualty (P&C) insurance industry is experiencing a prolonged period of robust financial strength, with no clear end in sight. According to insurance research firm ALIRT, both commercial and personal lines are seeing record...
Posted: Dec 03, 2024
Ryan Specialty has revealed that net proceeds from a new $600 million notes offering will be utilised for future acquisition opportunities and investments consistent with its strategy. The specialty insurance services firm announced that Ryan Spec...
Posted: Dec 03, 2024
The U.S. Federal Emergency Management Agency (FEMA) has reported that as of November 12th, 2024, more than 56,000 policyholders have filed claims following the landfall of hurricane Helene, with National Flood Insurance Program (NFIP) payments to...
Posted: Dec 03, 2024
Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Marc Orloff as President for North America, effective January 1st, 2025, reporting to Neeti Bhalla Johnson, GRS President. Dieter Korte, currently Chief Underwriting Officer, GRS N...
Posted: Dec 03, 2024
S&P Global Ratings has revised the African Reinsurance Corporation’s (Africa Re) financial rating outlook to Positive from Stable while affirming its A- global scale financial strength ratings. The rating agency highlighted Africa Re’s strong...
Posted: Dec 03, 2024
As part of its new strategic cycle, Ageas UK has made a number of changes to its Executive leadership team, adjustments that reflect the company’s ongoing dedication to achieving growth within the personal lines broker market. As part of the...
Posted: Dec 03, 2024
Global insurer American International Group, Inc. (AIG) has successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group. It was pre...
Posted: Dec 03, 2024
Insurer and reinsurer Ascot has appointed Mark Benz as Executive Vice President, Head of Alternative Risk Solutions, based in the New York City area. Benz joins Ascot from AXA, where he reportedly built out the Group Captive Practice while leading...
Posted: Dec 03, 2024
Insurtech wefox Holding AG has reached an agreement with a group of Swiss companies (led by independent Swiss pension service provider BERAG) on the sale of Liechtenstein-based wefox Insurance AG. This follows the news from June about a restructur...
Posted: Dec 03, 2024
Aon, the global insurance and reinsurance broker, has named Anne Corona as the Chief Executive Officer (CEO) of Enterprise Clients and Global Chief Commercial Officer, effective January 1st, 2025. This appointment aligns with the firm’s stra...
Posted: Dec 03, 2024