Reinsurance News
Jamaica’s Minister of Finance, Dr. Nigel Clarke, has revealed that the country’s Tropical Cyclone policy with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been triggered by Beryl, with a payment amount of $16.3 million...
Posted: Jul 09, 2024
UK fintech Ripe has announced the appointment of Jamie Richards as Head of Mergers and Acquisitions (M&A). Tasked with leading Ripe’s Acquisitions strategy, his appointment is to help the company to further expand the business through targeted...
Posted: Jul 09, 2024
Commercial real estate (CRE) remains a large exposure for US life insurers, which hold over $900 billion in CRE, or roughly 17% of total invested assets, mostly in commercial mortgage loans (CMLs) and commercial mortgage backed securities (CMBS),...
Posted: Jul 09, 2024
Davies, a specialist in professional services and technology, has appointed Amber Wilkinson as its new Group Chief Financial Officer (CFO). Currently serving as CFO at global law firm DLA Piper since 2021, Wilkinson brings extensive experience fro...
Posted: Jul 09, 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired the ongoing business of Carriagehouse. Established over three decades ago, Carriagehouse plays a key role in supporting the equestrian industry by providing a wide range of spec...
Posted: Jul 09, 2024
Global specialty re/insurer SiriusPoint has appointed Anthony Williams as Chief Risk Officer for SiriusPoint International Managing Agency (SIMA) and its International business, effective August 19, 2024. Williams joins SiriusPoint with over two d...
Posted: Jul 09, 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data fro...
Posted: Jul 09, 2024
As per a new report from EY, the number of publicly disclosed M&A deals in the UK insurance industry increased from 54 in H1 2023 to 94 in H1 2024, while the overall disclosed deal value climbed from £400 million to £900 million. This informat...
Posted: Jul 09, 2024
Insurance Advisory Partners (IAP), a specialised investment bank in insurance and the insurtech industry, has appointed Johan Slabbert as a Senior Advisor, based in London. Slabbert is an industry veteran with over 27 years of experience, having w...
Posted: Jul 09, 2024
AXA XL has announced several new appointments in its Large Commercial business unit and on its Client and Distribution team, which comes following the recent reorganisation of its Americas insurance operation. Donnacha Smyth has been appointed Chi...
Posted: Jul 09, 2024
Finish insurer Sampo has obtained all the necessary regulatory approvals for the exchange offer to the shareholders of P&C insurer Topdanmark. Back in June Sampo announced its intentions to acquire all of the outstanding shares in Topdanmark n...
Posted: Jul 09, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has announced that Aldo Mendieta will be joining the firm next month in Mexico City as part of Lockton México Intermediario de Reaseguro, S.A. de C.V. Mendieta is joining the fir...
Posted: Jul 09, 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the members of the Inclusive Futures Coalition, which targets meaningful and lasting change by enabling Black and ethnically diverse individuals to participate and progress f...
Posted: Jul 09, 2024
BMS Group, an independent specialist re/insurance broker, has announced the appointment of Ryo Iizuka as a Director of the Private Equity, Mergers & Acquisitions, and Tax (PEMAT) in Japan, effective immediately. The resurgence in M&A activ...
Posted: Jul 09, 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach i...
Posted: Jul 09, 2024
Independent specialist (re)insurance broker Miller has appointed Gary Newlyn as Head of Social Housing & Public Sector. According to Miller, Newlyn joins its dedicated team of infrastructure specialists and will sit within its new specialist h...
Posted: Jul 09, 2024
Global insurance and reinsurance broking group Acrisure has hired Aaron Miller from the Abu Dhabi Investment Authority (ADIA) as its new Chief Financial Officer (CFO), reporting to Co-Founder, Chairman and Chief Executive Officer (CEO) Greg Willia...
Posted: Jul 08, 2024
Global insurer American International Group (AIG) has announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, alongside his current role as Head of Corporate Development. Burk will continue reporting to Sabra...
Posted: Jul 08, 2024
Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025, adding that the multiple years of significant positive rate increases were necessa...
Posted: Jul 08, 2024
Independent specialist re/insurer Apollo has hired CNA Hardy’s Carl Day as deputy Chief Underwriting Officer (CUO). According to the announcement, Day is expected to join the firm in late 2024. In the role, he will be heavily involved in dev...
Posted: Jul 08, 2024
Reinsurance broker Guy Carpenter’s U.S. Property Catastrophe Rate-On-Line (ROL) Index is now up by just 1.2% in 2024, reflecting a deceleration of rate increases at the mid-year renewals following the highs of last year. While still up by 1....
Posted: Jul 08, 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has appointed Yixiang Yang as the new Head of Accident and Health for the Asia-Pacific region, effective immediately. Yang is an expert in accident and health underwriting with...
Posted: Jul 08, 2024
The National Reinsurance Corporation of the Philippines (Nat Re) celebrated its 45th anniversary with record figures in 2023, posting a substantial 862% increase in net profits driven by the firms underwriting and investment incomes. At its annual...
Posted: Jul 08, 2024
Aurora, a digital commercial insurance business, has launched its flagship Commercial Combined solution, supported by AXA Insurance, for small or midsize enterprises (SMEs). The new product will encompass Property, Business Interruption, Employers...
Posted: Jul 08, 2024
Independent insurance broker Lockton has announced the appointment of Travis Leonard as Chief Financial Officer (CFO), succeeding Troy Cook who has occupied the role since 2020. He will take over his new role from July 8, 2024, and will work close...
Posted: Jul 08, 2024