Reinsurance News
Aon’s Strategy and Technology Group (STG) has identified more than $20bn in potential premium growth by 2030 related to environmental megatrends, and has highlighted the importance of understanding the climate risks and opportunities to help clien...
Posted: May 24, 2024
Marco Capital Holdings Limited, a European provider of legacy solutions to the non-life insurance and reinsurance market, has reported a pre-tax profit of $51,403 for the full year 2023, an improvement from the loss of $18,819 seen a year earlier,...
Posted: May 24, 2024
The recent series of severe convective storm systems that hit the southern and eastern United States from May 16-22 are expected to cause economic and insured losses amounting to billions of USD, according to Aon’s weekly catastrophe report. Aon r...
Posted: May 24, 2024
Insurance brokerage, World Insurance Associates, has hired 20-year industry veteran Thaddeus Woosley as its new executive vice president, head of national practice groups. In his new role, Woosley is expected to support the continued growth of the...
Posted: May 24, 2024
According to the 2024 Global Food and Beverage Risk Outlook published by WTW, a global advisory, broking, and solutions company, nearly half (48 percent) of food and drink companies identified business interruption as the biggest internal risk to...
Posted: May 24, 2024
Broker Insights announces the appointment of Peter Scott as Chief Executive Officer(CEO), taking over the role of Fraser Edmond who has been named President, as the company gets ready to accelerate its UK and US expansion. Scott will start his new...
Posted: May 24, 2024
Philippe Brahin, Head Americas for Public Sector Solutions at Swiss Re, emphasises the need for a holistic approach to managing increasing natural catastrophe risks in order to enhance the accessibility and affordability of insurance. The Swiss Re...
Posted: May 24, 2024
Women in Reinsurance (WiRe), an organisation dedicated to promoting the professional development of women working in Bermuda’s reinsurance market, has announced a series of appointments to its board of directors. The company has added Natash...
Posted: May 24, 2024
Global broking business, Brokerslink, has added a new specialist affiliate, Air Courtage Assurances, to its network. Air Courtage Assurances is a French brokerage firm that manages exclusively aviation-related risks and operates in France, Switzer...
Posted: May 24, 2024
Coaction Specialty Insurance Group, a privately-owned, specialty P&C insurer, has named former Ascot Re executive, John Berger as Chairman of the Board, effective immediately. Berger replaces previous Chairman Stan Galanski, who has held the p...
Posted: May 24, 2024
Lockton, an independent insurance broker, has appointed Brendan Fitzpatrick as Vice President (VP), Cyber Risk Consultant, to strengthen its Cyber & Technology Practice. In his new role, Fitzpatrick will assist Lockton’s clients in under...
Posted: May 24, 2024
As per Legal & General’s Pension Risk Transfer (PRT) Monitor, 2024 has started strong for the US PRT market, with Q1 closing at an estimated $15 billion, the largest opening quarter on record. According to the firm, Q1 2024 significantly...
Posted: May 24, 2024
Managing general agent (MGA) Specialty MGA UK has expanded its expertise with the appointment of 40-year industry veteran, Jonathan Wingett, as Senior Underwriter for Agriculture. Wingett is a renowned reinsurance underwriter and broker who has sp...
Posted: May 24, 2024
Frequency and severity of natural disasters, economic conditions, rising construction costs and litigation over the last 20 years have been the drivers of homeowners insurance becoming less affordable, according to a recent report. The Insurance R...
Posted: May 24, 2024
Bermuda-domiciled re/insurer SiriusPoint Ltd. has appointed Jim McKinney as its new Chief Financial Officer (CFO), effective June 3rd, 2024. McKinney replaces current CFO Steve Yendall, and will have a direct reporting line to CEO Scott Egan, as a...
Posted: May 24, 2024
Paul Fahey, Chief Executive Officer of Hollard Holdings Australia and its insurer subsidiaries, has been appointed as a non-executive director of The Board of the Insurance Council of Australia (ICA). Fahey, who joined Hollard in 2016 and was prev...
Posted: May 24, 2024
London domiciled Vitesse, a global insurance fintech, has completed a $93 million Series C funding round led by global investment firm, KKR, subject to customary regulatory approvals. Existing investors who participated included Hannover Digital I...
Posted: May 24, 2024
AUB Group, the Australian equity-backed insurance broker network, has entered into an agreement to acquire a 70% equity stake in Pacific Indemnity, a specialty underwriting agency based in Australia. According to the announcement, the investment i...
Posted: May 24, 2024
Berkshire Hathaway Specialty Insurance (BHSI), known for its provision of general liability, lead umbrella, and excess liability insurance across various industries, announces the promotion of Galan Riley to Senior Vice President, Casualty, in Can...
Posted: May 24, 2024
Berkshire Hathaway Specialty Insurance (BHSI), known for its provision of general liability, lead umbrella, and excess liability insurance across various industries, announces the promotion of Galan Riley to Senior Vice President, Casualty, in Can...
Posted: May 24, 2024
Following the deadly thunderstorms that hit Houston, Texas on May 16th, economic and insured losses are each anticipated to exceed $1 billion, with the potential for total losses to be even higher, according to Gallagher Re. The storms, which kill...
Posted: May 23, 2024
Specialty re/insurer Canopius has appointed Andy Haste as its new Group Chairman, effective July 1, 2024, bringing extensive executive and non-executive experience to the role. He will chair the Group Board as Canopius aims to achieve its future g...
Posted: May 23, 2024
US-based private flood insurance company, Neptune Flood, has promoted Matt Duffy to the role of Managing Director (MD) and Chief Risk Officer. Duffy has been with the company for three years, serving as the Chief Risk Officer. Previously, he serve...
Posted: May 23, 2024
Representatives from the Lloyd’s Market Association (LMA) and the London Market Group (LMG) have expressed their hopes that a new UK government continues to back the country’s financial services to support the Lloyd’s market’s significance a...
Posted: May 23, 2024
HDI Global Insurance Company, the US subsidiary of international commercial insurer, HDI Global SE (HDI) has entered into a multi-year partnership with Hallmark Financial Services, Inc. Through this collaboration, the insurer aims to provide capac...
Posted: May 23, 2024