Reinsurance News
A recent report by Howden highlights that the conditions and prospects for the Lloyd’s market remain strong in 2024, characterised by strong rate adequacy across nearly all business classes, and minimal indications of new capital entering the mark...
Posted: Jun 13, 2024
In partnership with reinsurer Swiss Re, Appian, a technology company known for its software solutions, is expanding its Connected Underwriting Life Workbench solution into select countries across Asia Pacific, Europe, the Middle East, and Africa (...
Posted: Jun 13, 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed Laura-Jayne Hamblin as Head of D&F Property. Based in London, Hamblin joins the firm with 20 years of industry expertise. She...
Posted: Jun 13, 2024
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has announced it will now offer carbon credit delivery risk insurance to EU & EEA insureds, complementing existing coverage for buyers and investors in the UK, USA, Canada,...
Posted: Jun 13, 2024
Markel, the insurance operations within Markel Group Inc., today announced the appointment of Kyle McGrath as Head of Fine Art – North America, with immediate effect. Based in New York, McGrath will be responsible for leading Markel’s Fine Art bus...
Posted: Jun 13, 2024
UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the d...
Posted: Jun 13, 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks i...
Posted: Jun 13, 2024
RSA Insurance has appointed Alex Wright as Senior Partnership Manager: MGA and Schemes in its delegated business, part of its Commercial Lines segment. Wright has over 17 years of finance and insurance industry experience, having worked at several...
Posted: Jun 13, 2024
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has announced the acquisition of Pinpoint Insurance Solutions, a national programme administrator, managing general agency (MGA), an...
Posted: Jun 13, 2024
Insurance and reinsurance broker McGill and Partners has announced Victoria Cartmell has been appointed to Partner in the Treaty Reinsurance team. Cartmell has been part of McGill and Partners since 2029 when she joined as an Associate specialisin...
Posted: Jun 13, 2024
Organisations need to change the way they respond to global risks if they want to stay competitive, according to findings from a new report from BDO, the accountancy and business advisory firm. BDO’s annual risk report found that business le...
Posted: Jun 13, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has announced Ian Bridge’s promotion to Active Underwriter. Bridge will succeed Dominic Peters, who is stepping down from the role. Since...
Posted: Jun 13, 2024
As R&Q continues progress discussions regarding the sale of Accredited, buyer Onex has proposed an alternative transaction structure to that of the original sale that could be implemented in the event that the original closing conditions were...
Posted: Jun 13, 2024
The Insurance Development Forum (IDF), alongside the Agence Française de Développement and Expertise France (together AFD Group), has announced the formation of the Integrated Disaster Risk Management Alliance (IDRIMA) to strengthen the long-term...
Posted: Jun 13, 2024
Lockton Re has announced that it has added former AXA XL executive Rob Littlemore to the board of Lockton Re International LLP as an Independent Non-Executive Director. The appointment is effective September 1, 2024, and is subject to FCA approval...
Posted: Jun 13, 2024
S&P Global Ratings, a provider of credit risk insights, reports that as inflationary pressures rise, US property/casualty insurers navigate sector challenges while maintaining disciplined reserving practices. In response to mounting inflationa...
Posted: Jun 13, 2024
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group has signed a memorandum of understanding with KUKE, aimed at promoting trade and foreign investments by Polish companies in Ukraine and other countries. Signed at the Ukra...
Posted: Jun 13, 2024
CRC Group, a wholesale specialty insurance distributor in North America, announces the addition of three new professionals to its team. Michael Rockhill has been appointed as an underwriting team leader at CRC’s Tampa-Bayport, Florida office. Prio...
Posted: Jun 13, 2024
Counterpart, an AI-driven management and professional liability insurtech has entered into a new partnership with Westfield Specialty Insurance, to provide an admitted product for Counterpart’s small business customers and, for the first time, non...
Posted: Jun 13, 2024
WindBorne Systems secures $15 million in Series A funding to expand its balloon constellation AI weather modelling, aimed at mitigating weather-related losses. With extreme weather events on the rise, the World Economic Forum (WEF) has identified...
Posted: Jun 13, 2024
INSUREtrust, a cyber insurance and risk management specialty broker within CRC Group, has hired Sonja Kozel as Senior Vice President. In her new role, Kozel will focus on broadening the group’s footprint through internal collaboration as well as e...
Posted: Jun 13, 2024
The Insurance Council of Australia (ICA) has announced that insured damages from the severe storms that hit Queensland, New South Wales, and Victoria during the Christmas and New Year period have exceeded $1.2 billion, with more than 97,000 claims...
Posted: Jun 12, 2024
Business owners are focusing on preparing for the unforeseeable as they worry their business insurance will not cover specific losses, a recent study by insurance broker Gallagher has found. A survey was conducted among 1,000 US business owners wh...
Posted: Jun 12, 2024
According to findings from Deep Sky, a Canadian carbon removal project developer, the frequency of extreme fire risk in the US has surged by 20 times. Deep Sky Research and its Wildfire Risk Model reveal that what used to be a once-in-a-century oc...
Posted: Jun 12, 2024
Truist Insurance Holdings (TIH), an insurance brokerage in the US, announced recently the appointment of Mike Conway as Chief Financial Officer (CFO), effective June 10. Conway brings over 30 years of experience in leading large, complex business...
Posted: Jun 12, 2024