Reinsurance News
Consilium, the global speciality (re)insurance broking business of the Aventum Group, has made a significant move by establishing a new office in the Cayman Islands. The firm has appointed Yaremis Hydes, a seasoned professional with over 17 years...
Posted: Jan 16, 2024
Commercial insurance and reinsurance software provider AdvantageGo has announced a strategic alliance with mea platform, an AI-powered processing provider for insurance companies. mea deploys technology, including AI, to solve problems for /re/ins...
Posted: Jan 16, 2024
Managing general underwriter MSL Captive Solutions, Inc. has appointed former Managing Director of Strategic Risk Solutions Bermuda (SRS), David Sykes, as its Chief Financial Officer (CFO), with immediate effect. At SRS, Sykes led the insurance ma...
Posted: Jan 16, 2024
Global reinsurance firm Swiss Re has purchased the market’s first cyber retrocession industry loss warranty (ILW), securing $50 million of catastrophic US cyber insurance event protection. Cover also includes protection against widespread maliciou...
Posted: Jan 16, 2024
The Indian insurance sector is expected to be the fastest growing among the G20 with total insurance premiums forecast to grow by 7.1% in real terms over 2024-2028, according to reinsurance giant Swiss Re. 7.1% growth over the next five years is w...
Posted: Jan 16, 2024
French reinsurer CCR Re has sponsored the sixth renewal of its reinsurance sidecar vehicle, 157 Re 24. According to the firm, access to the insurance-linked securities (ILS) market is an important part of its retrocession strategy, and despite ano...
Posted: Jan 16, 2024
Debevoise & Plimpton LLP, a prominent global law firm, has announced the appointment of Drew Dutton and Clare Swirski as co-heads of its UK/European insurance transactional and regulatory practice. This strategic move is aimed at bolstering th...
Posted: Jan 16, 2024
Global law firm Clyde & Co has released its market predictions for the insurance industry in 2024, outlining key developments and challenges expected to shape the sector in the coming year. The firm’s insights cover a range of issues, fr...
Posted: Jan 16, 2024
Pacific Catastrophe Risk Insurance Company (PCRIC) has appointed Irma Daphney Stone to the role of Risk Manager, where she will leverage her extensive expertise to provide technical guidance, leadership, and advice to the PCRIC Board and Managemen...
Posted: Jan 16, 2024
Global Indian broker JB Boda Group is confident of insurance and reinsurance market growth opportunities in the country as it looks to be the bridge between counterparties in an expanding marketplace, according to Managing Director, Rohit Boda. “R...
Posted: Jan 16, 2024
Global Indian broker J.B. Boda Group is confident of insurance and reinsurance market growth opportunities in the country as it looks to be the bridge between counterparties in an expanding marketplace, according to Managing Director, Rohit Boda....
Posted: Jan 16, 2024
Honigman LLP, a general business law firm, has added Rob Humphries to the firm’s Insurance Practice Group as partner. Humphries is dual qualified as a Cayman Islands and US attorney. He brings over 15 years of corporate and transactional insurance...
Posted: Jan 16, 2024
Mark Kollar Consulting Group and Understudy Insurance Services have launched a joint venture in Renewal Book Solutions, LLC, an artificial intelligence-backed renewal book marketplace. With the technology offered through Renewal Book Solutions, te...
Posted: Jan 16, 2024
In a recent report, Fitch Ratings anticipates a challenging year for the U.S. property casualty insurance (P/C) industry in 2024, marked by modest underwriting improvement following a tough 2023 with poor auto insurance results and significant cat...
Posted: Jan 15, 2024
Recent data from WTW’s Quarterly Deal Performance Monitor (QDPM) indicates a downturn in global mergers and acquisitions (M&A) activity in the final quarter of 2023, with buyers facing challenges in adding value. The study reveals that M...
Posted: Jan 15, 2024
Mediterráneo Vida (MEDVIDA), has completed it’s merger with MEDVIDA Partners, the Spanish insurance organisation – formerly known as CNP Partners, which was acquired by the group in 2022. The merged company, which manages close to €3.5...
Posted: Jan 15, 2024
Bridgehaven Insurance, the hybrid fronting insurer, and Avid Insurance, an accomplished Managing General Agent (MGA), have announced a strategic partnership. This collaboration aims to provide innovative property excess of loss insurance solutions...
Posted: Jan 15, 2024
QBE Europe has announced the appointment of Stephen Johnson as Head of Trading for the South East region, a newly created role, effective January 1, 2024. With over two decades of industry experience, Johnson will lead the regional underwriting te...
Posted: Jan 15, 2024
Ryan Specialty Holdings, Inc., the international specialty insurance firm, has announced the retirement of William J. Devers from the company’s Board of Directors, effective December 31st, 2023. Concurrently, Pat Ryan, Jr. has been appointed to Ry...
Posted: Jan 15, 2024
“Investors returning or entering reinsurance for the first time will find a stronger market following the 2023 industry reset, and a highly disciplined environment that will now present the opportunity for incumbents, returnees and providers...
Posted: Jan 15, 2024
HDI Global SE UK & Ireland (HDI) has appointed Kate Sutcliffe as Director of Property, UK & Ireland, effective January 15, 2024, who will take over the role from Jon Bartlett who retired at the end of last year. Reporting to Antonia Osborn...
Posted: Jan 15, 2024
Global insurance broker Lockton has expanded its People Solutions team in Norway with the addition of four new senior hires from Aon Norway. Effective immediately, Espen Rye Ellingsen, Espen Bjaarstad, Olav Botnen, and Fredrik Mietle Holmstøen hav...
Posted: Jan 15, 2024
Keystone Agency Partners (KAP), an insurance brokerage platform, has acquired LifeQuotes, Inc. as its latest Platform Partner, bringing the total number of partners in its portfolio to 20. Founded in 1984, LifeQuotes is a life insurance price com...
Posted: Jan 15, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Andrew Carter as Class Underwriter, Energy and Liability insurance. Carter joins Dale from Markel International, where he most re...
Posted: Jan 15, 2024
The Insurance Council of Australia (ICA) has reported that insurers have now received a total of 60,518 claims related to the Christmas and New Year storms which impacted Queensland, New South Wales and Victoria. Back in December, the ICA declared...
Posted: Jan 15, 2024