Reinsurance News
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
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has completed its previously announced transaction with CVC. The transaction completion follows approval from the Prudential Regulation Authori...
Posted: Dec 18, 2023
According to Bank of America Securities analysts, it is already difficult to claim that the industry is in a true hard market for commercial lines for property & casualty (P&C), and they believe that this will become “increasingly cl...
Posted: Dec 18, 2023
Amwins’ Equisure has announced the launch of their new Livestock insurance program, that offers animal mortality, diseases and transit coverage for several types of livestock-related risks. According to the announcement, coverage is availabl...
Posted: Dec 18, 2023
James River Group Holdings, Ltd. has named William “Bill” Bowman as the President and Chief Executive Officer (CEO), Specialty Admitted Insurance, reporting to Frank D’Orazio, CEO of the Company. Bowman joined the Company in 2019 as Senior Vice Pr...
Posted: Dec 18, 2023
The Financial Times has reported that Apollo, Carlyle, and KKR are all exploring bids for London-based Pension Insurance Corporation (PIC) ahead of the deadline, citing people familiar with the matter. Earlier this year, PIC announced a record £6....
Posted: Dec 15, 2023
AXIS Capital Holdings has announced that AXIS Insurance Company has secured a four-year contract to provide specialty accident and health (A&H) insurance solutions to governmental, educational, and non-profit businesses across North America th...
Posted: Dec 15, 2023
The reinsurance broking arm of global insurance group Howden, Howden Tiger, has entered into a new partnership with VIP Software, a vendor management platform for insurers. VIP Software’s robust loss cost management platform brings a variety...
Posted: Dec 15, 2023
Global insurer Zurich has appointed Drazen Jaksic to the role of Chief Executive Officer (CEO) Benelux. Based in Brussels, Jaksic will report to Sierra Signorelli, CEO Commercial Insurance, effective immediately. Signorelli commented on the appoin...
Posted: Dec 15, 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market dire...
Posted: Dec 15, 2023
In a unanimous decision, the Non-Executive Directors of non-life specialty insurer R&Q have recommended the separation of its business through a proposed sale. The directors assert that this move is in the best interests of R&Q, its shareh...
Posted: Dec 15, 2023
Bill Tepe, President of NationsBuilders Insurance Services, Inc. (NBIS), a DUAL subsidiary since 2009, has announced his retirement effective January 12th, 2024. Tepe, who contributed 14 years of service to NBIS, expressed pride in the shared triu...
Posted: Dec 15, 2023
Helios Underwriting PLC, the Lloyd’s investment vehicle, has upped its capacity for 2024 to £501 million, as the company takes advantage of new syndicate opportunities. This 2024 capacity represents a 61% increase from 2023, where total capa...
Posted: Dec 15, 2023
In a recent report from BMO Capital Markets, analysts suggest that the property-catastrophe re-insurance market is poised for low-single-digit increases in pricing come January 2024. The analysis points to a confluence of factors contributing to t...
Posted: Dec 15, 2023
Insurance brokerage, World Insurance Associates, has announced the acquisition of Exchange Underwriters, Inc., based in Washington County, Pennsylvania. Founded in 1955, Exchange Underwriters was started by Blair C. Ferguson providing personal and...
Posted: Dec 15, 2023
PCS, a business unit of Verisk, has announced the expansion of its Global Terror Index to include SRCC (Strikes, Riots, Civil Commotions, and Civil Unrest) to help enhance the understanding and management of political violence risks in the re/insu...
Posted: Dec 15, 2023
McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS), with support from the Lloyd’s Market Association (LMA), have agreed to extend the provision of geospatial intelligence for Lloyd’s market for 2024...
Posted: Dec 15, 2023
Global insurer Zurich Insurance Group has appointed Claudia Cordioli as the Group’s Chief Financial Officer (CFO) and member of the Executive Committee, effective from March 1st, 2024, subject to regulatory approval. Cordioli will take over...
Posted: Dec 15, 2023
Zurich-domiciled catastrophe insurance data provider, PERILS, has disclosed an initial industry loss estimate for extratropical windstorm Ciarán, also known as Emir of €1.889 billion. The storm affected France, Belgium, the United Kingdom, and the...
Posted: Dec 15, 2023
One of the world’s largest reinsurers, Munich Re, has announced a new net profit target of €5 billion for 2024, as well as Group revenue of €59 billion, and an improved return on investment to above 2.8%. In announcing its Q3 2023 results ba...
Posted: Dec 15, 2023
As of December 31, 2022, Bermuda’s total insurance assets accounted for US$1,634 billion, which is 83.7% of the total financial services sector assets, Bermuda’s Coordinated Portfolio Investment Survey (CPIS) for the year 2022 by the B...
Posted: Dec 15, 2023