Reinsurance News
Assured Guaranty (Europe) SA (AGE), an indirect subsidiary of Assured Guaranty Ltd., has announced the successful guarantee of a €93.7 million loan to Metro de Madrid, S.A. The 20-year, floating-rate loan, provided by Bankinter, S.A., will facilit...
Posted: Jan 11, 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC’s share in managing general agency (MGA) Falcon Risk Holdings LLC. Falcon Risk was established by Chief Exe...
Posted: Jan 10, 2024
AXA XL has strengthened its U.S. Mid-Market insurance business, extending its multi-line insurance offering to mid-size construction businesses with the addition of John Schwirtz as Head of Construction, US Mid-Market. Schwirtz joins AXA XL from L...
Posted: Jan 10, 2024
iSwiss Financial Group has announced that the United Arab Emirates has granted the group’s new company, iSwiss Reinsurance, a licence to operate in the country’s reinsurance market, from where it will also offer its services globally....
Posted: Jan 10, 2024
Generali has signed an agreement to acquire the remaining 51% stake in Generali China Insurance Company Limited (GCI), making it the sole owner of the property and casualty insurance business in China. The deal, valued at approximately €99 million...
Posted: Jan 10, 2024
Global insurance group Howden, has announced that Alfred Sham has stepped up to the position of interim CEO, Hong Kong, as Mark Johnson will be stepping down from the role. Howden has confirmed that Johnson will remain with the firm to ensure an o...
Posted: Jan 10, 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and...
Posted: Jan 10, 2024
A new report from Lloyd’s, the global insurance and reinsurance marketplace, in collaboration with WTW, delves into the challenges and opportunities facing the global transport and logistics industry. Titled On the move: Rethinking transport...
Posted: Jan 10, 2024
Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly “bolster Ardonagh’s presence in the mid and high net worth market.” Hoxton Risk Services is Ardonagh Advisory’s l...
Posted: Jan 10, 2024
Fitch Ratings has disclosed that insured losses from the earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are “likely to be small”, with “no major impact” on Japanese non-life i...
Posted: Jan 10, 2024
Verisk, the global data analytics and technology provider, has announced that both Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January...
Posted: Jan 10, 2024
The risk landscape is said to be evolving in response to developments being seen within major areas such as, artificial intelligence (AI), climate change, geopolitics, and more, according to research published by analytics and consulting firm, Lan...
Posted: Jan 10, 2024
Placing Platform Limited (PPL) and Artificial Labs have signed a multi-year partnership agreement, which will see both firms working together to accelerate delivery of a fully integrated digital trading experience. The joint endeavour radically ad...
Posted: Jan 10, 2024
It’s been reported that pharmaceutical giant Merck & Co. Inc. and its insurers have reached an agreement over the $1.4 billion in losses Merck alleged it suffered from the NotPetya cyberattack in 2017. Bloomberg Law reported last week th...
Posted: Jan 10, 2024
Gallagher Securities, the specialised Insurance-Linked Securities (ILS) and capital markets arm of reinsurance giant Gallagher Re, has secured approvals from the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Marke...
Posted: Jan 10, 2024
Florida property insurer American Coastal, formerly known as United Insurance Holdings, successfully renewed its all other perils catastrophe excess of loss agreement at the 1.1 2024 renewal, providing the firm with up to $100 million in limit exc...
Posted: Jan 10, 2024
Claims stemming from two named storms and widely poor weather conditions in the UK over Christmas and the New Year will maintain pressure on non-life insurers’ profitability, though losses will “likely be manageable” according to AM Be...
Posted: Jan 10, 2024
Bermuda-based AXIS Capital Holdings Limited has named Anna Tan as the new leader of its Primary & Excess Wholesale Casualty teams as they look to advance their business objectives. As Head of Wholesale Casualty, Tan will play a key role in boo...
Posted: Jan 10, 2024
Lockton Re, the reinsurance business of independent insurance broker, Lockton, has announced that Jacqueline Yeo has joined the firm as Cyber Analytics Lead, while Annie Terry has joined as a Broker, dedicated to Cyber risk. Yeo holds two and a ha...
Posted: Jan 10, 2024
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has appointed Mike Cueman to the newly created role as Head of Construction, for its United States market, reporting to Steve Cross, Global Head of...
Posted: Jan 10, 2024
In the third quarter of 2023, the domestic Property and Casualty (P&C) insurance industry demonstrated robust growth, with direct written premiums expanding by 9.8%, according to a KBW report. This growth surpassed the pace of the previous qua...
Posted: Jan 10, 2024
International law firm Conyers has promoted Sophia Greaves to the role of Head of Insurance and Reinsurance within the firm’s Bermuda corporate practice. She will succeed Charles Collis, and is the first female lawyer in her new role. Greaves join...
Posted: Jan 10, 2024
European boutique Managing General Agent (MGA), Alta Signa Europe B.V., has unveiled an enhanced underwriting structure, marking a significant development in its approach to managing various business lines. The company, which currently operates in...
Posted: Jan 10, 2024
Global catastrophe modeling company, KatRisk, has announced the appointment of Jeffrey Chen as its new Chief Executive Officer (CEO), based out of San Francisco. Chen is a market veteran with more than two decades of experience in the industry, se...
Posted: Jan 10, 2024
In the Plane Talking Q4 2023 report authored by Philip Stafford, Senior Partner, Aerospace at Gallagher Specialty, insights into the General Aviation (GA) sector’s performance during the fourth quarter of 2023 were explored, shedding light o...
Posted: Jan 09, 2024