Reinsurance News
Insurance IPO activity has been increasing in the first half of 2024, potentially encouraging more companies to consider IPOs as they could now achieve higher valuations compared to last year, according to Stonybrook Capital. Several private equit...
Posted: Jun 28, 2024
Arturo, a property intelligence organisation that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, has hired Jordan Burke as Chief Operating Officer. In the role, Burke is expected to oversee the optimisati...
Posted: Jun 28, 2024
Global specialty re/insurer SiriusPoint has announced it has become the sole carrier partner for Euclid Security’s Liability program. The company is a boutique managing general underwriter (MGU) specialising in security industry risks. Its Liabili...
Posted: Jun 28, 2024
IAG has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development cover for its long-tail reserves from Enstar. IAG has entered into a comprehensive five-year natural per...
Posted: Jun 28, 2024
AXIS Capital Holdings Limited has expanded its partnership with Elpha Secure, which initially commenced in 2021, when AXIS became both an investor in and a capacity provider for the company. Lori Bailey, Head of Global Cyber & Technology at AX...
Posted: Jun 28, 2024
On June 26th, R&Q Insurance Holdings Ltd announced significant developments, including the appointment of joint provisional liquidators (JPLs), the resignation of its Nominated Adviser, and the likely delisting of its shares. R&Q has confi...
Posted: Jun 28, 2024
DUAL Benelux, a division of the international insurance underwriting firm DUAL Europe, has named Aram Stoop as its new Managing Director. Reporting to Olaf Jonda, CEO of DUAL Europe, Stoop steps into the position previously held by Peter Kegel, wh...
Posted: Jun 28, 2024
Reinsurance broker Gallagher Re has announced the appointment of Richard Rudden to the newly created role of Head of Green Solutions. This position aims to develop insurance and reinsurance solutions to support clients in their energy transition e...
Posted: Jun 28, 2024
The insurance and reinsurance industry has a pivotal role to play in developing its future leaders to meet the unique demands and challenges presented by today’s increasingly complex global environment, as highlighted at the Marsh McLennan Rising...
Posted: Jun 28, 2024
WTW has announced the appointment of three new hires within the Financial Institutions and Professional Services industry division, which is part of Corporate Risk and Broking, North America (CRB NA), Heather Mann, Larry Trombino, and Jeanette You...
Posted: Jun 28, 2024
Consulting firm Perr&Knight has launched its newest Risk Strategies & Solutions practice area, which is set to help clients turn unique concepts into practical and compliant insurance programs. The company’s new practice is reportedl...
Posted: Jun 27, 2024
The property insurance market is becoming more buyer-friendly, with increasing competition among commercial insurers helping to create stability and more predictable renewal outcomes for US insurance buyers, according to Lockton’s latest Market Up...
Posted: Jun 27, 2024
New England Asset Management Limited (NEAM), a provider of investment advisory services primarily to re/insurance companies, has promoted Kasha Mleko to Head of Sustainability, Europe. Mleko joined NEAM in 2010 and has held roles in Marketing and...
Posted: Jun 27, 2024
Global re/insurance broker Aon has reported that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage. However, the broker notes, that w...
Posted: Jun 27, 2024
Global corporate insurer Descartes Underwriting has expanded its U.S. presence with new offices in Scottsdale and Richmond while also making a string of key appointments to support growth worldwide. “Now with more than 200 employees worldwid...
Posted: Jun 27, 2024
Markel, the insurance operation within Markel Group Inc., has appointed Jennifer Gebran as Head of Casualty for the Middle East and North Africa (MENA) region. Based in Dubai, Gebran will be responsible for developing the region’s casualty underwr...
Posted: Jun 27, 2024
Slide Insurance, the technology-enabled insurance company, has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. As well as this, Synovus Bank and...
Posted: Jun 27, 2024
Howden Capital Markets & Advisory (HCMA), the risk, capital and strategic advisory arm of the global insurance and reinsurance broking group, has appointed Sébastien Bamsey as Managing Director, based in London office, effective 15th July. Thi...
Posted: Jun 27, 2024
2024 has already ranked among the top four costliest years on record for insurance industry losses due to severe convective storms in the US, with insured losses from the peril already exceeding $31 billion, according to Steve Bowen, Chief Science...
Posted: Jun 27, 2024
Mitsui Sumitomo Insurance (MSI) has revealed plans to consolidate the talent and strength of its European subsidiaries, MS Amlin Insurance S.E. (MSAISE) and MSIG Insurance Europe AG (MSIGEU), in a merger of equals. According to MSI, which wholly o...
Posted: Jun 27, 2024
Specialty insurer Tokio Marine Kiln (TMK) has appointed Alexandra (Alex) Barnes to its Marine & Energy team, starting this autumn. In the new role, she will be focusing on global energy risks and renewables. Barnes is an insurance industry vet...
Posted: Jun 27, 2024
In an interview with Reinsurance News, Martin Kreuzer, Senior Risk Manager for Cyber Risks at Munich Re, emphasised that cyber warfare exceeds the company’s risk appetite, nonetheless, the firm is actively collaborating with governments to e...
Posted: Jun 27, 2024
Securian Financial, a mutual holding company that provides a range of financial products and services, has launched Securian Specialty Lines, Inc., a new surplus lines insurance company, to provide additional innovative insurance solutions to fina...
Posted: Jun 27, 2024
Optio Group, a specialty managing general agent (MGA), has named Deepak Soni as its new Chief Executive Officer (CEO), a long-anticipated and carefully considered appointment by the company’s board and its private equity partners, Preservation Cap...
Posted: Jun 27, 2024
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, has unveiled a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform. According to Lloyd’s, the new fund is designed to enhance investment outcomes...
Posted: Jun 27, 2024