Reinsurance News
Fundamental Global Inc., the company that is being formed out of the merging of FG Financial Group, Inc. and FG Group Holdings Inc., expects to accelerate and grow its reinsurance business, FG Reinsurance (FG Re). This is according to Kyle Cermina...
Posted: Jan 17, 2024
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Ronald Bolaños to the role of Chief Underwriting Officer (CUO), and Manuel Moreno as President, LSM, US and Latin America. Bolaños and Moreno are to remain base...
Posted: Jan 17, 2024
Global specialty (re)insurer Canopius Group has launched a new investment management product for asset managers. According to Canopius, this new product has been developed to respond to shifts in the risk landscape in the “highly regulated&#...
Posted: Jan 17, 2024
Everest Insurance, the insurance arm of Bermuda-based Everest Group, Ltd., has appointed Bill Hazelton as Head of US Retail Casualty in North America. He replaces David Sandler who will be leaving the company to pursue other opportunities. Hazelto...
Posted: Jan 17, 2024
Aspen Insurance Holdings Limited has announced the appointment of Sarah Stanford as the interim CEO of Aspen UK, effective immediately. Stanford, currently serving as the Active Underwriter of Lloyd’s Syndicate 4711, representing approximate...
Posted: Jan 17, 2024
Independent specialist re/insurance broker, Miller, has hired Guy Carpenter’s Shaun Sinniah as Head of Reinsurance and Capital, in a move that is set to bolster the company’s reinsurance offering and international presence. In his new role,...
Posted: Jan 17, 2024
Global specialty insurer and reinsurer Chaucer has appointed Richard Milner as its new Group Chief Executive Officer (CEO), subject to local regulatory approval. As the Group CEO, Milner’s remit will include being responsible for the general...
Posted: Jan 17, 2024
Australian primary insurer Suncorp is reportedly dealing with nearly 28,000 total insurance claims (including more than 20,000 claims for homes) across Queensland, New South Wales and Victoria from the recent storms and flooding that have impacted...
Posted: Jan 17, 2024
The global economic cost of natural catastrophe events reached an estimated $357 billion in 2023, of which approximately 34%, or $123 billion was covered by re/insurance, as broker Gallagher Re reports an annual record of 34 individual billion-dol...
Posted: Jan 17, 2024
In a strategic move to bolster its technological capabilities, Arch Insurance North America has appointed Prabhu Venkataraman as Chief Information Officer (CIO). In his new role, Venkataraman will spearhead the implementation of technology and ser...
Posted: Jan 17, 2024
In an exclusive interview with China Daily, Joachim Wenning, Munich Re’s Chair of the board of management, said that the reinsurance giant currently books an annual premium income of approximately $2.19 billion in China, but expects this to...
Posted: Jan 17, 2024
CopperPoint Insurance Companies has announced the appointment of Thomas Bradley to the CopperPoint Mutual Insurance Holding Company Board of Directors. Bradley, a seasoned veteran with over 40 years of experience in the insurance industry, most re...
Posted: Jan 17, 2024
Marsh, the insurance broker and risk advisory business of Marsh McLennan, has announced that Rob Powell has resumed his role as Global Chief Claims Officer, based in London and reporting to Pat Donnelly, President, Marsh Specialty and Global Place...
Posted: Jan 17, 2024
Reinsurance Group of America, Incorporated has announced a strategic investment and exclusive global life and health reinsurance partnership with insurance technology company DigitalOwl. Yuval Man, Co-Founder and CEO of DigitalOwl, commented, R...
Posted: Jan 17, 2024
Global credit ratings agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to PanAsia Reinsurance Inc. (PanAsia Re), with the outlook assigned to these Credit Ratings be...
Posted: Jan 17, 2024
DUAL North America, a specialty program administrator and part of the DUAL Group, has appointed Dwain Chamberlain as Executive Vice President and Head of Specialty Healthcare, as the company launches its new Specialty Healthcare program. Chamberla...
Posted: Jan 16, 2024
North American digital managing general agent (MGA), Foxquilt has entered into a strategic and long-term capacity relationship with global specialty insurance provider, Markel, which is set to spearhead embedded insurance innovation for more small...
Posted: Jan 16, 2024
In its latest Risk Barometer, Allianz reveals that cyber incidents have claimed the top spot as the foremost global business risk for 2024. This concern is underscored by the rising threat of ransomware attacks, data breaches, and IT disruptions....
Posted: Jan 16, 2024
Arthur J. Gallagher & Co.’s reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). MGB is a provider of reinsurance solutions to health maintenance organisations, managing general underwriters and insurance...
Posted: Jan 16, 2024
Guy Carpenter, the global risk and reinsurance specialist, and business of Marsh McLennan, has appointed Keith Wolfe to the newly created role of Chief Commercial Officer, North America, effective immediately. Wolfe joins the firm following a 27 y...
Posted: Jan 16, 2024
F&G Annuities and Life, Inc., has announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. (FNF), with F&G set to use net proceeds from the investment to support the growth of its ins...
Posted: Jan 16, 2024
FloodFlash has expanded its offering, with Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont and Massachusetts now having unrestricted access to its parametric product. FloodFlash explained that minimum pr...
Posted: Jan 16, 2024
InsurX, a digital exchange with algorithmic capacity, has launched in the London Direct & Facultative (D&F) Property market. This news follows the introduction of the InsurX Exchange last year, which launched with an initial capacity commi...
Posted: Jan 16, 2024
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, has agreed to acquire Singapore-based insurance broker Acorn International Network Pte Ltd. Licensed by the Monetary Authority of Singapore, Acorn...
Posted: Jan 16, 2024
QBE Re, the reinsurance arm of QBE Insurance Group, has announced the promotion of Amanda Lupkin to the position of Vice President (VP) and Head of the North America Health Practice. The promotion marks Lupkin’s continued ascent within the o...
Posted: Jan 16, 2024