Reinsurance News
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
Operating as an MGA, InsurTech ARMD has partnered with Sparta Insurance Services to launch a new insurance product that provides 24/7 protection for tradespeople’s tools. ARMD explained that for decades, tradespeople in the UK have been “und...
Posted: Dec 19, 2023
Markel Group Inc. has appointed Brian Costanzo, currently the Chief Financial Officer (CFO) of its insurance business, as the Group CFO, effective today. Costanzo takes over from Teri Gendron, who will leave the company on December 31st, 2023. Cos...
Posted: Dec 19, 2023
Global credit ratings agency AM Best has confirmed that it is maintaining it’s Negative outlook for the German non-life insurance segment, citing subdued growth prospects on an inflation-adjusted basis, as well as persistent claims inflation...
Posted: Dec 19, 2023
Fleur Rochester, a Partner at Kennedys law firm, has assumed the role of President at the London Forum of Insurance Lawyers (London FOIL). The appointment comes at a crucial time, as the industry grapples with a myriad of challenges stemming from...
Posted: Dec 19, 2023
Global asset management firm, GoldenTree Asset Management, has hired Charlie Fuller as Partner and Head of North American Insurance coverage, a newly created role, where he will be based in the firm’s New York office and will report to Kathy Suthe...
Posted: Dec 19, 2023
Allianz Life has partnered with Munich Re Automation Solutions to implement ALLFINANZ SPARK, a SaaS-based automated underwriting and analytics solution. Through this partnership, the pair will be extending the broader relationship between several...
Posted: Dec 19, 2023
Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Ellen Yong as its Chief Operating and Financial Officer, based out of Singapore. SEADRIF provides catastrophe risk insurance coverage to participating ASEAN countries...
Posted: Dec 19, 2023
Jerry Messick, Chief Executive Officer (CEO) of Elevate Risk Solutions, LLC, a provider of captive insurance solutions, is stepping down as of January 1, 2024, the firm stated in a recent announcement. With the transition, Elevate has appointed Ma...
Posted: Dec 19, 2023
The non-standard insurance sector is forecasted to experience “unprecedented, dynamic growth” through to 2030, according to Prestige Underwriting, a specialist MGA in the market. The Report, commissioned to Aon’s Finaccord by Prestige, assessed th...
Posted: Dec 18, 2023
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has appointed Cliff Gallant as Head of Investor Relations and Corporate Development. The appointment is effective from December 18th, 2023, Gal...
Posted: Dec 18, 2023
Outsourcing and technology providers are helping European insurance companies to modernise amid rising challenges, according to a recent Information Services Group (ISG) report. European insurers are facing macroeconomic conditions, new market ris...
Posted: Dec 18, 2023
Specialty insurer Beazley has appointed Patricia Kocsondy as Head of Global Cyber Digital Risks, effective January 1, 2024. In her new role she will be responsible for setting the global product and distribution strategy for all of Beazley’s cyber...
Posted: Dec 18, 2023
Pension Insurance Corporation plc (PIC), a specialised insurer for defined benefit pension funds, has successfully completed a £25 million full scheme buy-in with the Trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme. The...
Posted: Dec 18, 2023
In a decisive move concluding a year marked by robust growth, Ardonagh Advisory has confirmed the acquisition of Westfield Brokers Ltd, operating under the name Westfield Insurance. The independent commercial broker, headquartered in Horsham, West...
Posted: Dec 18, 2023
Lloyd’s, the global insurance and reinsurance marketplace, has confirmed its continued presence at the historic One Lime Street headquarters until at least 2035. The lease extension includes an option to prolong the iconic location until 2040, the...
Posted: Dec 18, 2023
The Insurance Council of Australia (ICA) has declared a “significant event” for regions of Far North Queensland which have been impacted by severe weather and flooding over the past week, following Tropical Cyclone Jasper. The category...
Posted: Dec 18, 2023
Markel Group Inc.’s insurance subsidiary, Markel, has appointed Lisa Mitchell as Head of Claims, Australia, based in Melbourne, reporting to Managing Director, Rory Morison. Rory Morison, Managing Director, Australia at Markel, commented on...
Posted: Dec 18, 2023
With cyber insurance being one of the fastest growing lines of insurance coverage to emerge, there are still a large number of traditional reinsurers who are yet to see cyber as a key area of growth for them, until recently. According to Pascal Mi...
Posted: Dec 18, 2023
Alternative risk program manager BevCap Management has announced the appointment of Jeff Meyer as Executive Vice President of its Healthcare Captives Division. Meyer brings over two decades in the self-funded carrier and MGU space, experience he w...
Posted: Dec 18, 2023
Miller, the specialist re/insurance broker, has appointed Chris Board to its reinsurance team. Initially based in Bermuda, the plan is for Board to join the firm’s London office next year. Board will report to Charlie Simpson, Head of Bermud...
Posted: Dec 18, 2023
Westfield Specialty, a US property & casualty insurer, has formed a team to lead its entry into international property direct and facultative (D&F) insurance, which includes the hire of Richard Wood from Lancashire and Chris Prior from Ini...
Posted: Dec 18, 2023