Reinsurance News
Property Specialty re/insurer IQUW has appointed Diane Gallacher as its new Group Chief People Officer, where she will serve on IQUW Group’s Executive Committee. In her new role, Gallacher assumes responsibility for implementing the company’...
Posted: Dec 06, 2023
One Acre Fund has launched a new reinsurance fund, called One Acre Fund Re, set to provide a critical financial safety net for smallholder farmers in 2024. It has been launched in partnership with the International Finance Corporation, US Internat...
Posted: Dec 06, 2023
Aon, the global re/insurance broker, has collaborated with the African Development Bank (AfDB), Africa’s premier development finance institution, and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance c...
Posted: Dec 05, 2023
Truist Insurance Holdings LLC (TIH), the US broker and Truist Financial Corporation subsidiary, has announced its plans to restructure its wholesale operation into two significant and industry-leading divisions: Wholesale and Underwriting. Neil Ke...
Posted: Dec 05, 2023
In the latest Amwins State of the Market report for 2024, the reinsurance landscape appears to be experiencing subtle shifts, with notable developments in property and casualty sectors. The report notes an overall moderation in treaty reinsurance...
Posted: Dec 05, 2023
Global credit ratings agency AM Best has confirmed that it is maintaining its stable market segment outlook on the US commercial lines insurance for 2024, which is supported by the segment’s persistently strong underwriting results throughout the...
Posted: Dec 05, 2023
Duck Creek Technologies has announced the release of Duck Creek Clarity, a cloud-native technology solution and the successor to Duck Creek Insights that will “transform the future of data-driven excellence for the insurance industry.”...
Posted: Dec 05, 2023
Malaysian Reinsurance Berhad (Malaysian Re) has introduced the seventh edition of its annual regional Thought Leadership publication, ASEAN Insurance Pulse, with a dedicated focus on the impact of inflation on ASEAN insurers. Ahmad Noor Azhari Abd...
Posted: Dec 05, 2023
The Texas Windstorm Insurance Association (TWIA) has been advised by its reinsurance broker to begin the planning and purchase of its reinsurance as soon as possible, with the state’s insurer of last resort potentially needing to buy more th...
Posted: Dec 05, 2023
The International Federation of Red Cross and Red Crescent Societies (IFRC) has unveiled a new campaign to address rapidly escalating climate driven humanitarian crises. According to the announcement, the campaign calls on global governments and i...
Posted: Dec 05, 2023
DeNexus Inc, a provider of second-generation cyber risk quantification and management services, has expanded access to its cyber tool with the launch of DeRISK freemium, a complimentary version of its DeRISK AI-powered Cyber Risk Assessment platfo...
Posted: Dec 05, 2023
With the insurance market constantly changing and growing concerns around climate change, geopolitical issues and new technologies, the industry needs to think more about what could happen if there was no access to insurance, Risk Strategies’ John...
Posted: Dec 05, 2023
Global ratings agency AM Best has confirmed that it is maintaining its stable outlook on the US life/annuity market segment for 2024, highlighting its strong liquidity and capital positions, robust annuity sales, as well as its slightly improved n...
Posted: Dec 05, 2023
In response to rising reinsurance costs and persistent claims inflation, insurers are gearing up to redefine their business models in 2024, according to the Sollers Prediction Report. Anticipating a second consecutive year of grappling with claims...
Posted: Dec 05, 2023
Global insurance group Howden has announced the successful acquisition of Haakon AG, a specialised international reinsurance broker headquartered in Switzerland. The strategic move positions Howden as the premier reinsurance broker in Switzerland,...
Posted: Dec 05, 2023
A recent report by DisasterAWARE Enterprise has revealed the world’s most vulnerable nations with India ranking lowest in overall resilience, which along with China, has the largest populations with the most potential exposure to natural dis...
Posted: Dec 05, 2023
Legal & General America’s individual insurance division (LGIA) has revealed a record single-year sales volume of $160 million Annualized Premium Equivalent (APE), which represents a 39% increase in APE over 2022. The record $160 million...
Posted: Dec 05, 2023
QBE has announced that it has appointed James Purkis as Market Management Executive, where he will help drive the distribution strategy across Continental Europe. Currently, Purkis serves as Distribution Manager for the London Market. QBE has conf...
Posted: Dec 05, 2023
Citizens Property Insurance Corporation, Florida’s property insurer of last resort, could obtain as much as $5.5 billion of reinsurance and catastrophe bond risk transfer next year, as the insurer prepares to merge its three accounts ahead o...
Posted: Dec 05, 2023
Speciality managing general agent (MGA), Optio Group, has secured new underwriting capacity by AmFirst Insurance Company, to provide underwriting capacity for political violence and terrorism (PVT) risks. AmFirst is a large, US based, A-rated carr...
Posted: Dec 05, 2023
FCA-regulated adviser to Lloyd’s investors, Argenta Private Capital Limited (APCL), has partnered with Helios Underwriting to provide investors with a “unique way to access the Lloyd’s of London market.” APCL explained that this exclus...
Posted: Dec 05, 2023
Global insurer American International Group (AIG) has appointed James (Jimmy) Dunne III, Vice Chairman and Senior Managing Principal of investment bank and financial services company, Piper Sandler, as an independent Director. Dunne joined the ins...
Posted: Dec 05, 2023
In a keynote speech on the Island of Hope (in the Innovation Zone) at COP28 in the UAE, David Howden, founder and CEO of global insurance broker Howden, discussed the power of the private sector to protect vulnerable countries against the impacts...
Posted: Dec 05, 2023
As per a new report from Bloomberg, Carlyle Group Inc. is investigating a potential role in the pension risk transfer market, with particular interest in the UK. Bloomberg noted that with workers living longer and markets in flux, employers worldw...
Posted: Dec 05, 2023
Anora, a provider of customised/specially tailored underwriting solutions and pioneers in solar photovoltaic insurance, has appointed Jeffery Khoo as its new Chairman. Most recently, Khoo served as Arbol’s Vice Chairman of APAC, having previ...
Posted: Dec 05, 2023