Reinsurance News
Newly formed CRC / INSUREtrust Cyber Practice Group has entered a new exclusive wholesale partnership with Darkweb IQ to help clients prevent ransomware attacks by leveraging exclusive visibility into the criminal ecosystem. CRC Group, a wholesale...
Posted: Jun 12, 2024
Moody’s, a credit rating agency, has released a report highlighting that European property and casualty (P&C) insurers are facing a structural, rather than cyclical, increase in vulnerability to weather events. This change is primarily d...
Posted: Jun 12, 2024
Following on from last year’s challenging property insurance market, 2024 is proving to be a “more stable and capitalized market,” according to USI Insurance Services. In their latest Commercial Property & Casualty Market Out...
Posted: Jun 12, 2024
The Federal National Mortgage Association (Fannie Mae) has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2024, transferring $284.8 million of mortgage credit risk to private insurers and reinsurers. 25 insurers and reins...
Posted: Jun 12, 2024
Nascent Group, an insurance management and reinsurance transformer company, has received its insurance management licence to operate in the Cayman Islands, enabling it to offer ILS, reinsurance, and captive management services in this region. This...
Posted: Jun 12, 2024
Lockton Re, the reinsurance arm of independent insurance broker, Lockton, has announced that Andy Wakefield will be joining the company as a Senior Broker within its Marine & Energy division later this year. In the role, he will be based in Lo...
Posted: Jun 12, 2024
Insured losses from hurricane events – which are expected during what is predicted to be a very active 2024 Atlantic Hurricane season – will be particularly impacted by demand surge related cost increases for building materials and lab...
Posted: Jun 12, 2024
Amwins has released its State of the Market: A Focus on Builders Risk report, highlighting a notable shift in market dynamics from the previous year, characterised by increased capacity helping to drive more competitive terms and conditions. The r...
Posted: Jun 12, 2024
The Dubai International Financial Centre Insurance Association (DIFCIA), an association comprised of the whole insurance, reinsurance, and wealth management sectors within the DIFC and wider insurance related services, has announced a reciprocal m...
Posted: Jun 12, 2024
Property and casualty re/insurer AXA XL’s alternative capital team has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to provide strategic support for a portion...
Posted: Jun 12, 2024
Increasing weather-related natural disasters not only cause property damage but also pose serious risks to supply chains, leading to business interruptions and potential economic slowdown, according to Swiss Re’s 2024 SONAR report. Swiss Re highli...
Posted: Jun 12, 2024
Hamilton Insurance DAC, the designated activity company of Bermudian re/insurer Hamilton Insurance Group, has appointed Ross Reynolds as Chief Executive Officer, subject to regulatory approval. Reynolds, who is also joining the Hamilton Insurance...
Posted: Jun 12, 2024
Global insurance and reinsurance broker Aon has collaborated with the U.S. International Development Finance Corporation (US DFC) on a new $350 million insurance program designed to accelerate new capital investments and economic recovery in Ukrai...
Posted: Jun 12, 2024
hyperexponential, a company specialising in pricing decision intelligence solutions, and Send, a provider of underwriting workbench capabilities, have joined forces in a partnership which integrates their technologies to create a comprehensive pri...
Posted: Jun 12, 2024
Invictus Capital Partners, an alternative credit asset manager, recently announced the launch of its new Insurance Solutions Business, which will be led by Senior Managing Director, Carl D. Bell. The launch of the Insurance Solutions Business addr...
Posted: Jun 12, 2024
Argenta Holdings Ltd, a subsidiary of Hannover Re, has hired Niranjan Nathan as group chief risk officer, subject to regulatory approvals. He assumes the role from Carol-Ann Burton, who will continue to serve as group general counsel and complianc...
Posted: Jun 12, 2024
AM Best has downgraded Louisiana Farm Bureau Mutual Insurance Company credit ratings and assigned them a negative outlook, a move that reflects the company’s deterioration of its key balance sheet strength. Louisiana Farm Bureau Financial Strength...
Posted: Jun 12, 2024
CFC, an insurance provider known for emerging risks in the cyber insurance market, has announced a significant update to its fintech insurance coverage. This revamped offering, available in the UK, Canada, and Australia, provides a streamlined, co...
Posted: Jun 12, 2024
International specialty insurance firm Ryan Specialty has announced the appointment of Derek Pouliot to Chief Reserving Officer of Ryan Specialty Underwriting Managers (RSUM). RSUM is Ryan Specialty’s suite of managing general underwriters and nat...
Posted: Jun 12, 2024
AM Best has upgraded Issuer Credit Ratings of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re, and assigned a stable outlook. All the companies above are subsi...
Posted: Jun 11, 2024
Vessel Protect, a specialist war risk underwriter and part of Pen Underwriting, is enhancing its marine capabilities with the appointment of industry veteran James Kent as Senior Business Development Underwriter. Chris Goddard, Co-Managing Directo...
Posted: Jun 11, 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced that its U.S. subsidiaries will now offer primary cyber insurance, providing up to $10 million in coverage. This new cyber insurance offering supports the company’s con...
Posted: Jun 11, 2024
Axis Insurance, an independent specialty insurance brokerage, has announced it has received a significant growth investment from funds managed by investment firm, Lee Equity. According to the announcement, the partnership with Lee Equity, a specia...
Posted: Jun 11, 2024
MJM Holdings has announced the appointments of Andrzej Klesyk and Vincent Vandendael to the Supervisory Board of the Company, a decision approved by the Extraordinary General Meeting of Shareholders of MJM Holdings SA. Marcin Slotala, CEO of MJM H...
Posted: Jun 11, 2024
NSM Insurance Group, a global specialty insurance provider, has completed the acquisition of Pennsylvania-domiciled, Strategic Underwriters International (SUI), a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SU...
Posted: Jun 11, 2024