Reinsurance News
QBE Re, the reinsurance arm of QBE Insurance Group, has hired Swiss Re’s Andrew Guarnori as Head of Underwriting Oversight. At the same time, the company has also promoted Ashish (Ash) Ahluwalia to Global Head of Performance & Portfolio...
Posted: Dec 20, 2023
As 2024 draws closer, Martina Neary, UK Insurance Leader at EY, has suggested the UK’s specialty insurance market will face a host of challenges in the year, including increasing weather events, sustained inflation and cost pressures, and increasi...
Posted: Dec 20, 2023
Global Risk Solutions, Inc., (GRS), a provider of property & casualty (P&C) claims adjusting and environmental risk management solutions, has announced the retirement of William “Bill” Kramer as Chief Executive Officer of the company’...
Posted: Dec 20, 2023
HCI has announced that its majority-owned subsidiary, TypTap Insurance Company, has successfully assumed approximately $30 million of in-force premium from Citizens Property Insurance Corporation, Florida’s state-backed insurance company. The assu...
Posted: Dec 20, 2023
NN Group through its subsidiary NN Life has completed two transactions to transfer the full longevity risk associated with approximately €13 billion of pension liabilities in the Netherlands, to Prudential Insurance Company of America (Prudential)...
Posted: Dec 20, 2023
Aspen Insurance Holdings Limited (Aspen) has announced the appointment of Michael Tate as Inland Marine – Head of Product & Underwriting. Tate assumed his role on December 18, and will be based in Chicago, the company said. Prior to joining As...
Posted: Dec 20, 2023
As generative AI continues to grow and expand across the re/insurance sector, the technology’s use for both good and ill will “continue to be the unknown risk in 2024”, Paul Bantick, Group Head of Cyber Risks at global specialist...
Posted: Dec 20, 2023
Insurance broker Keystone Agency Partners has appointed Patrick Kinney as its new Chief Executive Officer (CEO). Effective immediately, Kinney will work to further advance the company’s accomplishments as it enters its fourth year of operati...
Posted: Dec 20, 2023
WTW, the global advisory, broking, and solutions company, has appointed Tyson Stevenson as the Managing Director of Real Estate Sales Management within its Corporate Risk and Broking (CRB) business in North America. Stevenson will be based in San...
Posted: Dec 20, 2023
Eurobase, an international software and services provider of re/insurance solutions, has announced that Nigerian-domiciled reinsurer, FBS Re, has gone live with its end-to-end reinsurance platform, Synergy2. With this development, Eurobase maintai...
Posted: Dec 20, 2023
Brown & Brown, Inc., global insurance brokerage firm’s subsidiary Brown & Brown Absence Services Group, has made two key executive appointments, naming Gina Schreiber as President and Sean Sullivan as Chief Operating Officer (COO). The two...
Posted: Dec 20, 2023
The Council of the European Union (EU) and the Parliament have come to a provisional agreement on amendments to the Solvency II directive, which they say will “boost the role” of the re/insurance sector and make it a more resilient and...
Posted: Dec 19, 2023
Providing insight from meetings with prominent re/insurance players ahead of the January renewals, analysts from JMP Securities said it “quickly became clear” that this year’s renewal is much more orderly than the “significantly...
Posted: Dec 19, 2023
The Association of British Insurers (ABI) has issued an update on its progress in developing a Fire Safety Reinsurance Facility aimed at supporting leaseholders facing financial and emotional strain due to unsafe cladding and fire safety issues in...
Posted: Dec 19, 2023
Global insurance group, Howden, has announced the acquisition of VLC & Partners Holding B.V. (VLC), one of the largest independent insurance brokers operating in the Netherlands. Once completed, the acquisition will help enable Howden to scale...
Posted: Dec 19, 2023
Hamilton Insurance Group has appointed Peter Riihiluoma as Senior Vice President, Head of Specialty Reinsurance at Hamilton Re, the firm’s Bermuda-based insurance and reinsurance underwriting platform. Riihiluoma, who replaces Richard Sammon...
Posted: Dec 19, 2023
Munich Re Automation Solutions Ltd, a provider of automated underwriting and analytics solutions to the life insurance industry, has unveiled an addition to its arsenal with the launch of the Interview Screens module for its automated underwriting...
Posted: Dec 19, 2023
After a broad reassessment of the cost of risk, a focus on underwriting discipline is expected to persist at the upcoming renewals and beyond, in what’s expected to be a good market for both primary insurers and reinsurers, according to Maamoun Ra...
Posted: Dec 19, 2023
Specialty MGA UK has bolstered its presence in Latin America with the appointment of Victor Navarro as Senior Vice President. Navarro, a seasoned professional with three decades of experience, will lead Specialty MGA’s property, energy, and...
Posted: Dec 19, 2023
Specialist insurer Hiscox has appointed Raymond Oral as Chief Technology Officer in the US. According to the firm, Oral will report to Kevin Kerridge, Chief Executive Officer of Hiscox USA, as well as Chris Loake, Chief Information Officer of Hisc...
Posted: Dec 19, 2023
In its recent Market Segment Report, AM Best has maintained its estimate for ultimate net asbestos losses at $100 billion, with environmental losses holding steady at $46 billion as of year-end 2022 data. The report, titled “Asbestos & E...
Posted: Dec 19, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Jeff Jubera as the Head of Surety Claims. Jubera, previously serving as the Vice President, Surety Claims, at BHSI, has been promoted to this leadership role due to his outstanding contrib...
Posted: Dec 19, 2023
Duck Creek Technologies, a provider of intelligent solutions in the property and casualty (P&C) and general insurance sectors, has announced a significant enhancement to its Reinsurance Cloud Platform. The company has integrated support for Ll...
Posted: Dec 19, 2023
In a forward-looking statement, Richard Montminy, the Global Head of Property Risks at Beazley, a prominent global specialist insurer, has forecasted significant changes in the property insurance sector as we enter 2024. Montminy emphasises a para...
Posted: Dec 19, 2023
Insurance giant Allianz has returned to the catastrophe bond market for the first time in over a decade with a new deal which will provide it with a multi-year risk transfer capacity of €250 million to protect against European windstorms. Accordin...
Posted: Dec 19, 2023