Reinsurance News
The Ardonagh Group has confirmed that it has completed the merger between its personal lines broking business Atlanta Group and Markerstudy. If you recall, it was in September last year that the merger was first announced. The deal will see both A...
Posted: Jun 27, 2024
Brit Ltd has appointed Jacques Bonneau to the Board of Brit Re as a Non-Executive Director, subject to regulatory approval. Brit noted that Bonneau will bring considerable experience, insight and relationships to the firm as it embarks on a strate...
Posted: Jun 27, 2024
Markel, the insurance operations arm within the Markel Group Inc., has appointed Phil Schmidt as Chief Strategy Officer, effective immediately. Schmidt’s remit in the role will include leading Markel’s Global Strategy team, based in Be...
Posted: Jun 27, 2024
Supercede, a reinsurance tech firm, has completed a $15 million Series A funding round, led by Alven with contributions from Mundi Ventures along with an existing investor roster that included Outward, Seedcamp, MMC Ventures, and AFG Partners. The...
Posted: Jun 27, 2024
Morningstar DBRS, a global credit rating agency, emphasises that cyber insurance is rapidly growing and essential in the digital age, projected to soar to $40 billion by decade’s end amidst rising cyber threats and stringent data regulations...
Posted: Jun 27, 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and resear...
Posted: Jun 27, 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has published the details of a dedicated company market support programme for adopting the new digital processing services in the London m...
Posted: Jun 27, 2024
The Mutual Group, an integrated insurance operations platform serving the mutual industry, recently announced the appointment of Brett Humphrey as Senior Vice President (SVP) & Chief Financial Officer (CFO). Humphrey, who has nearly 20 years o...
Posted: Jun 27, 2024
SLC Management, the global institutional asset manager, has launched SLC Global Insurance Group, a dedicated team that will focus on servicing the complex needs of insurance organisations across the globe with bespoke investment solutions. Brett L...
Posted: Jun 27, 2024
HDFC ERGO General Insurance has recently announced that Anuj Tyagi will be the new Managing Director and Chief Executive Officer (CEO), effective July 1, 2024. Tyagi will be succeeding Ritesh Kumar, who served as the company’s Managing Director an...
Posted: Jun 26, 2024
Speaking earlier today in London during Marsh McLennan’s Rising Professionals’ Global Forum 2024 event, Bruce Carnegie-Brown, Chairman, Lloyd’s, distilling down on the scope of risk, said that “the greatest challenges of our time are c...
Posted: Jun 26, 2024
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, will expand its clearinghouse to include commercial policies such as those for farms and condominiums, beginning July 1. This e...
Posted: Jun 26, 2024
Global insurance provider RSA Insurance has appointed Caroline D’Urso as Senior Underwriter in its Risk Managed Property team, part of its UK Specialty Lines business. The executive, who has over a decade of industry experience, will be based in L...
Posted: Jun 26, 2024
Speaking with analysts at KBW, Gallagher President, Thomas J. Gallagher, has anticipated low-teens reinsurance organic growth in Q2 of 2024, including sustained reinsurer discipline with property pricing slightly down but with rising aggregate dem...
Posted: Jun 26, 2024
With climate change intensifying the frequency and severity of natural catastrophes, insurers and reinsurers are under increasing pressure to adapt and enhance their risk management strategies, prompting Germany’s financial regulator BaFin t...
Posted: Jun 26, 2024
Insurers can no longer avoid the need to explicitly quantify geopolitical risk in their pricing, modelling and risk management processes, says Broadstone, the independent pensions, employee benefits, investment and insurance consultancy. Broadston...
Posted: Jun 26, 2024
Oceanview Holdings Ltd., a provider of annuities and reinsurance solutions, has established its new subsidiary, Oceanview Secure Reinsurance Ltd., in the Cayman Islands. The new subsidiary has been awarded a Class D Insurer’s license by the...
Posted: Jun 26, 2024
Consilium, the global speciality re/insurance broking business of the Aventum Group, has launched its new Lloyd’s-backed Cargo Stock Throughput offering, and has appointed Jack Cooper as Senior Partner. With a broad Cargo appetite, covering genera...
Posted: Jun 26, 2024
The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has appointed Tom Welsh, currently the Chief Legal & Compliance Officer, as its new Chief Executive Officer (C...
Posted: Jun 26, 2024
A study by Coalition, a cyber insurance provider, reveals that many IT security leaders in midsize UK businesses are wary of cyber insurance, with only one in five (19%) respondents reporting a positive experience with it. The survey, conducted ea...
Posted: Jun 26, 2024
United Insurance Brokers (UIB) Group has expanded its presence in Asia with the addition of four new professionals: Richard Oh, Saw Tong Nee, Rita Au and Tam Hui Von. This strategic move underscores the commitment of UIB Asia Reinsurance Brokers P...
Posted: Jun 26, 2024
There has been an improvement in Lloyd’s syndicate underwriting performance in 2023 throughout the majority of classes, with reinsurance “growing significantly”, according to a topical report from Howden Re. According to the firm, prop...
Posted: Jun 26, 2024
In hard reinsurance markets of the past, a key feature has been an influx of capital from new entrants, but there’s been a notable lack of start-ups during the current period of reinsurance market tightening, and there are some good reasons...
Posted: Jun 26, 2024
American Coastal Insurance Corporation, the insurance holding company of American Coastal Insurance Company (AmCoastal) has announced that AmCoastal has entered into a five-year extension of its exclusive Managing Agency Contract (MGA Agreement) w...
Posted: Jun 26, 2024
Velocity Risk Underwriters has partnered with Louisiana State University (LSU) to develop the “Velocity Risk LSU Gulf Hurricane Outlook” model, the first of its kind to use daily data to predict US hurricane seasonal activity. The mode...
Posted: Jun 26, 2024