Reinsurance News
In its new strategy cycle through to 2026, reinsurance giant Hannover Re has asserted it aims to showcase “industry-leading performance” in terms of profitability and earnings growth, alongside maintaining its “lasting stability...
Posted: Dec 12, 2023
Nirvana Insurance, an AI and Technology-powered insurance provider specialising in US commercial auto insurance, has entered into a new strategic partnership with specialty re/insurer SiriusPoint to expand its offering with a new non-fleet program...
Posted: Dec 12, 2023
Howden Tiger has appointed Wolfram Schultz as the new Head of Casualty Reinsurance, Continental Europe. Schultz is scheduled to commence his role on February 1st, with his base of operations situated in Cologne, Germany. Reporting directly to Mass...
Posted: Dec 12, 2023
Looking ahead into the coming year for the insurance market, Clyde & Co states that regulators will look to step up scrutiny of insurers and insurtechs in order to protect consumer interests. Whilst insurers have traditionally relied on the co...
Posted: Dec 12, 2023
Property and casualty insurer Chubb has announced the appointment of Federico Spagnoli as Division President, Consumer Lines for Overseas General Insurance, the company’s international general insurance operations. In this newly created role...
Posted: Dec 12, 2023
Fadata, a provider of software solutions for the insurance industry, highlighted the pivotal role of digitalisation in shaping the future of insurance in 2024. The company identifies three major trends, predicting that the adoption of Cloud servic...
Posted: Dec 12, 2023
Mulberri, the AI-driven embedded business insurance platform, has announced its $6.75 million Series A funding round led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Alt...
Posted: Dec 12, 2023
W. R. Berkley Corporation has appointed S. Akbar Khan as president of Preferred Employers Insurance, a specialty provider of workers’ compensation insurance exclusively for California employers. Berkley describes Khan as an accomplished property a...
Posted: Dec 12, 2023
Following seismic activity and a magma dike opening crevasses in Grindavík, Iceland, Hulda Ragnheiður Árnadóttir, director of the Natural Catastrophe Insurance of Iceland, has said the damage to homes and infrastructure could amount to ISK 10 bill...
Posted: Dec 12, 2023
Florida’s homeowner insurers have experienced a positive turn of events in 2023, benefiting from a milder hurricane season and groundbreaking legislative reforms, according to KBRA. The state’s insurance landscape, marred by years of s...
Posted: Dec 12, 2023
Specialist global insurer Hiscox has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London Market insurance industry. According to the announcement, the collaboration combines Hiscox London Market’s r...
Posted: Dec 12, 2023
Ryan Specialty’s transactional risk managing general underwriter, Ryan Transactional Risk (RTR), has appointed Marta Batalla and Luc Joordens as Co-Heads of Continental Europe. Batalla and Joordens first joined Ryan Transactional Risk in 201...
Posted: Dec 12, 2023
McKenzie Intelligence Services (MIS), a provider of geospatial data and analysis to the insurance industry, has secured a strategic investment from Maven Capital Partners (Maven), a private equity firm focused on investing in fast growth businesse...
Posted: Dec 12, 2023
Florida-based HCI Group, Inc. has closed the underwritten public offering of 1,150,000 shares of its common stock at $78 per share, before underwriting discounts and commissions. HCI confirms that this includes the underwriters’ option to pu...
Posted: Dec 12, 2023
According to Fitch Ratings, the outlook for Italian insurance is improving for non-life compared with 2023 actuals, while life remains neutral. Fitch’s non-life sector is improving due to the expectation that widespread tariff increases to m...
Posted: Dec 12, 2023
Despite 99% of financial services leaders in a recent EY survey reporting that their organisations were deploying Generative AI (GenAI) in some manner, over one in five respondents said they are nervous or sceptical about the potential impact of t...
Posted: Dec 12, 2023
Hannover Re, one of the world’s largest reinsurers, is anticipating net income of at least €2.1 billion for 2024 and a combined ratio of below 89% in its property and casualty (P&C) reinsurance business in the period, as the firm unveils...
Posted: Dec 12, 2023
Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR™ technology. The latest investment round was led by th...
Posted: Dec 12, 2023
Fitch Ratings has outlined a neutral outlook for the Latin American insurance markets in 2024, citing stable operating conditions and economic growth. Despite positive premium growth projections, the sector is expected to experience a more moderat...
Posted: Dec 12, 2023
Liberty Specialty Markets, a subsidiary of Liberty Mutual Insurance Group, has promoted Patrick Bravery to Head of Construction, LSM, London Markets, effective immediately. Bravery will continue to report to Melanie O’Neill, Chief Underwriting Off...
Posted: Dec 12, 2023
Global Re, a full-service global reinsurance firm, has selected DXC Assure Reinsurance as its core administration solution, which will help underpin its expansion in the Middle East. During its seven-year contract, DXC Technology’s reinsurance sof...
Posted: Dec 12, 2023
Allianz SE has announced that Nina Klingspor, currently CEO of Allianz Private Krankenversicherungs-AG, Allianz’s private health insurance business in Germany (APKV), will be appointed as the new Chief Executive Officer (CEO) of Central Euro...
Posted: Dec 12, 2023
High Premium Group (HPG) members have clubbed together to provide Funds At Lloyd’s (FAL) to support approximately £5 million of underwriting capacity in three Lloyd’s Syndicates. The group, led by Dhruv Patel OBE, Deputy Chair of HPG a...
Posted: Dec 11, 2023
Global insurance brokerage WTW revealed that U.S. commercial insurance prices have sustained a consistent upward trend throughout the third quarter of 2023. According to the Commercial Lines Insurance Pricing Survey (CLIPS) conducted by WTW’...
Posted: Dec 11, 2023
Sompo International Holdings Ltd., a Bermuda-based holding company, has appointed Stephen Barr as Head of Marine & Energy Liability Insurance, London Market. In his new role, Barr will be based in London, where he will report to Paul Ashworth,...
Posted: Dec 11, 2023