Reinsurance News
Tokio Marine HCC (TMHCC) – Specialty Group, a division of the Tokio Marine HCC group, has announced the appointment of Shaun Russ as Head of Crisis Management for the London Market. This announcement coincides with Mark Hutton’s promotion to...
Posted: Jun 25, 2024
Concirrus, a provider of AI-powered marine insurance intelligence, has unveiled a sanctions module to complete the development and launch of its Quest One platform. Concirrus’ latest sanctions module provides the marine market’s first and only com...
Posted: Jun 25, 2024
UK-based insurer Direct Line Group (DLG) has recently announced the appointment of Maz Bown to the position of Chief Risk Officer. Her appointment will take effect at the end of 2024, further strengthening DLG’s new management team. In her new rol...
Posted: Jun 25, 2024
AM Best has removed from under review with positive implications and upgraded the credit ratings of Folgate Insurance Company Limited, an US and international hybrid fronting carrier, and affirmed Hadron Specialty Insurance Company’s credit rating...
Posted: Jun 25, 2024
WTW, a global advisory, broking, and solutions firm, has recently announced the appointment of Tia Wilson as Deputy Regional Leader and Global Client Advocate within Corporate Risk and Broking, North America (CRB NA). As Deputy Regional Leader ove...
Posted: Jun 24, 2024
Caribbean general insurer, British Caribbean Insurance Company (BCIC) has launched its omnichannel insurance ecosystem built on the San Francisco-domiciled, EIS cloud-native SaaS platform and implemented by EY. The EIS SaaS platform aims to accele...
Posted: Jun 24, 2024
Ambac Financial Group (Ambac) has partnered with former Core Specialty Senior Vice President Peter McKeegan to launch a new program administrator, Tara Hill Insurance Services. McKeegan will serve as Tara Hill’s Chief Executive Officer, reporting...
Posted: Jun 24, 2024
HSB, a multi-line specialty insurer and part of reinsurance giant Munich Re, and WINT Water Intelligence, a provider of water management and leak-prevention solutions, have entered into a partnership to deliver holistic water protection. The partn...
Posted: Jun 24, 2024
FloodFlash, the parametric flood insurance provider with sensor technology, has expanded its coverage to all mainland US locations. The company is known for offering flood insurance that exceeds the National Flood Insurance Programme (NFIP) in are...
Posted: Jun 24, 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Todd Link as Chief Financial Officer (CFO), effective immediately. In his new role, Link will oversee all aspects of Vantage’s financial operations,...
Posted: Jun 24, 2024
Global reinsurance broker, Gallagher Re, has launched its flagship Cyber Academy, designed to attract and nurture promising individuals in the cyber space, providing them with comprehensive and bespoke training in broking, analytics, and cyber sec...
Posted: Jun 24, 2024
The General Insurance Association of Japan (GIAJ) has released updated insurance claims data for the Noto Peninsula Earthquake on January 1, 2024, and the hailstorm in Hyogo Prefecture on April 16 this year. On March 22, we reported that more than...
Posted: Jun 24, 2024
The Trustees of the Contship Containerlines Limited 1979 Pension Scheme have agreed to a c. £25 million full scheme buy-in with L&G, meaning that the benefits for all the scheme’s members are now insured. The transaction was agreed in June of...
Posted: Jun 24, 2024
Four senior market leaders have been appointed to the Lloyd’s Market Association (LMA) Board: Richard Milner, Group Chief Executive Officer, Chaucer, Clare Constable, Chief Claims Officer, MS Amlin, John Fowle, Chief Executive Officer, Atrium and...
Posted: Jun 24, 2024
A recent analysis by Amwins has highlighted how the property insurance market is undergoing continuous changes, which is gradually leading to a considerable rise in the use of facultative reinsurance. According to the firm, trends in facultative r...
Posted: Jun 24, 2024
Global specialty (re)insurance group Chaucer has appointed Hayley Spink as Group Chief Operating Officer. Spink will reportedly join Chaucer in Q4, coming from Apollo Syndicate 1969 where she currently serves as Chief Operating Officer. Overall, S...
Posted: Jun 24, 2024
R&Q Insurance Holdings Ltd has entered into an agreement to sell Inceptum Insurance Company Limited, a UK domiciled, legacy general insurance company, regulated by the PRA and FCA, to Marco Capital Holdings Limited, a Malta-based legacy acquis...
Posted: Jun 24, 2024
AM Best, a credit rating agency, has assigned a stable outlook to the global cyber insurance sector, citing increased demand and promising growth prospects in the near term as uptake rates continue to rise steadily. “The reduction in rates has bee...
Posted: Jun 24, 2024
Ivans Index has disclosed its results for May, where year over year, Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property and Umbrella each experienced notable increases in the premium renewal rates, while premium...
Posted: Jun 24, 2024
According to a new report from Howden, more than half of the $19 trillion committed to financing the climate transition through to 2030 will require additional insurance, suggesting that corporates should engage the industry from an early stage in...
Posted: Jun 24, 2024
In a recent report, the reinsurance company Swiss Re forecasts a 30 percent annual growth in global electric vehicle (EV) sales until 2030, propelling the EV insurance market to surpass USD 200 billion by 2030, up from USD 51 billion in 2022. This...
Posted: Jun 24, 2024
Capco, the technology and management consultancy, has named Karl Canty as a new partner in its US insurance practice, located in Hartford, CT. Canty will focus on strengthening client relationships, boosting sales, and providing value to insurers,...
Posted: Jun 24, 2024
Counterpart, a management and professional liability insurtech backed by Markel, Aspen, and Westfield, has announced the appointment of industry veteran, Michael Muglia, as its Professional Liability Insurance Lead. In addition, Counterpart also a...
Posted: Jun 24, 2024
Cayman Islands-based Northern Re has enjoyed a strong start to its operations, receiving a “very warm welcome” from the market in 2023, and anticipates that conditions will continue to improve into 2025, driven by the ongoing growth tr...
Posted: Jun 21, 2024
Aon, a professional services firm specialising in risk management and insurance solutions, has underscored in their weekly catastrophe report the significant economic impact of the ongoing wildfires in southern New Mexico, where potential losses c...
Posted: Jun 21, 2024