Reinsurance News
PIC has promoted nine people to be departmental heads within its Origination, Reinsurance and Transitions teams. As per PIC, Tristan Walker-Buckton has been named Co-Head of Origination, having formerly served as Head of Pricing. Walker-Buckton jo...
Posted: Jan 12, 2024
In the past year, a staggering 43 sovereign debt downgrades have swept across the globe, with concerns mounting over governments’ ability to meet their financial obligations, according to global specialty (re)insurance group Chaucer. High in...
Posted: Jan 12, 2024
The London and International Insurance Brokers’ Association (LIIBA) has released its 2024 plans, outlining strategic priorities that include navigating the political landscape, harnessing artificial intelligence (AI) impacts on trading syste...
Posted: Jan 12, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its marine capabilities with the appointment of Nick Holding as Head of Marine in the UK, based in London. This move follows the ongoing growth of the company’s marine portfolio. Nick Majo...
Posted: Jan 12, 2024
Specialty Insurance Broker McGill and Partners has appointed John Judice as the new President of its US business segment, where he will focus on driving business development activity across the firm’s specialty platform. Judice has over two...
Posted: Jan 12, 2024
The Florida Office of Insurance Regulation (OIR) has reported a year-on-year rise in the amount of reinsurance coverage purchased by domestic Florida insurers in 2023, as the cost of protection rose for buyers amid the hardening market landscape....
Posted: Jan 11, 2024
At a special general meeting held earlier today, R&Q Insurance Holdings Ltd.’s shareholders approved the sale of the company’s program management business, Accredited, which is expected to close in the first half of 2024. The globa...
Posted: Jan 11, 2024
Parsyl, the supply chain insurer, has more than doubled its Essential Consortium to $55 million in capacity, ultimately making it one of the largest cargo only consortiums at Lloyd’s for perishable commodities. The company launched the $20 million...
Posted: Jan 11, 2024
Phinsys, the finance automation software provider for the re/insurance industry, has been selected by specialty re/insurer Inigo Limited, to deliver a digital, optimised finance and accounting function. Phinsys’ new partnership with Inigo un...
Posted: Jan 11, 2024
Virgil Antonio de Souza joins the reinsurance broker from Brazil’s IRB (Re), and assumes responsibility for leading Gallagher Re’s Surety and Credit practice across Latin America and the Caribbean. He is set to join Gallagher Re’...
Posted: Jan 11, 2024
International specialty insurance firm, Ryan Specialty, has expanded its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter (MGU) based in London. The MGU has a particular focus on both o...
Posted: Jan 11, 2024
In a recent report, Supercede, a reinsurtech software specialist, has unveiled insights into the industry’s movement towards digital platforms, showcasing a measured pace in the adoption of innovative solutions. Amidst the critical January 2...
Posted: Jan 11, 2024
Insurance broker, and business of Marsh McLennan, Marsh, has promoted Patrick Hennessy to the role of Northeast Zone Leader effective immediately. In the role, he is expected to lead the broker’s eight offices across the Northeast region of...
Posted: Jan 11, 2024
NFP, a property and casualty (P&C) broker, has announced the appointment of Amanda Ruback to spearhead the P&C business in its Central region. In her new role, Ruback will collaborate with NFP’s Central region, industry group, and ri...
Posted: Jan 11, 2024
The World Economic Forum’s Global Risks Report 2024 signals a heightened global risk landscape, with misinformation and disinformation identified as the foremost short-term threats. Simultaneously, concerns about extreme weather events and c...
Posted: Jan 11, 2024
Clyde & Co, the global law firm, successfully represented insurers in securing a major decision from the Thai Court confirming denial of coverage for a catastrophic failure of a wind turbine. From what we understand, the decision held that the...
Posted: Jan 11, 2024
Bridgehaven Insurance has appointed Paul Dilley as Chief Underwriting Officer, subject to regulatory approval. Dilley joins Bridgehaven from Intact Insurance Group, where he was responsible for Intact International Specialty (UK and Europe). Befor...
Posted: Jan 11, 2024
Ventis, a newly launched Commercial and Residential real estate Managing General Agent (MGA), has officially commenced operations, aiming to provide tailored solutions for a diverse range of property profiles. Led by Gareth Roberts, formerly the h...
Posted: Jan 11, 2024
U.S. domiciled reinsurer for life and annuity, Somerset Reinsurance Ltd., has appointed Manisha Dias as its Head of New Business Development with immediate effect, based in Bermuda. Dias will be reporting to Jeff Burt, Somerset’s Chairman an...
Posted: Jan 11, 2024
London headquartered provider of pricing decision intelligence (PDI) software, hyperexponential, has closed its $73 million Series B funding round, which will support its expansion into the U.S., and greater investment in new product capabilities...
Posted: Jan 11, 2024
Data from the Florida Office of Insurance Regulation (OIR) suggests that the introduction of legislation and reforms designed to curb excessive litigation associated with the use of Assignment of Benefits (AOB), and ultimately stabilise the state&...
Posted: Jan 11, 2024
The US Property and Casualty (P&C) insurance industry is poised for a robust year in 2024, as indicated by a recent report from the Swiss Re Institute. The industry enters the new year with strong momentum, following a period where profitabili...
Posted: Jan 11, 2024
CCR RE, the French reinsurance company, has promoted Georges Guzman to Life underwriter for Latin America and Spain, further strengthening it’s underwriting team. He joined the firm in 2016, and has since been a senior analyst in natural cat...
Posted: Jan 11, 2024
DeNexus, a provider of cyber risk modeling for industrial networks, has strengthened it’s leadership team with the appointment of Luis Javier Sahuquillo as Chief Financial Officer (CFO). He brings a deep level of financial expertise and stra...
Posted: Jan 11, 2024
Berkshire Hathaway Specialty Insurance (BHSI), the property & casualty insurer, has appointed Kelly Perry to the newly created position of Vice President, Head of Underwriting Support for the firm’s Surety business. Perry, based in Atlan...
Posted: Jan 11, 2024