Reinsurance News
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
Clear Blue’s former Chief Reinsurance Officer Ash Noronha has joined Fergus Reinsurance Limited, a Class 3B Segregated Account Company based in Bermuda, as Head of Business Strategy. Fergus Re targets reinsurance of high frequency, low sever...
Posted: Dec 05, 2023
Tokio Marine HCC International (TMHCCI) has announced the appointment of banking veteran Matthias Sandfort as Head of Surety in Germany, effective November 1. Operating out of Frankfurt, Sandfort will be responsible for growing TMHCCI’s Surety bus...
Posted: Dec 05, 2023
Looking back at Colorado State University’s (CSU) July and August 2023 Atlantic hurricane season forecasts which called for “above average” activity, according to the Insurance Information Institute (Triple-I), this proved to be...
Posted: Dec 05, 2023
Millennial Shift Technologies Inc. (mShift) has announced a strategic partnership with CyberCube, a leading cyber risk analytics platform. The collaboration aims to automate the delivery of cyber insurance analytics through an integrated solution...
Posted: Dec 05, 2023
In its latest sector outlook report, Fitch Ratings anticipates a stable trajectory for German non-life insurance in 2024. The analysis highlights key factors contributing to this outlook, including expectations of reduced inflationary pressure on...
Posted: Dec 04, 2023
kWh Analytics, a provider of climate insurance for renewable energy assets, has announced the appointment of Isaac McLean as Chief Underwriting Officer. McLean will lead kWh Analytics’ growing underwriting team as the company grows its Property In...
Posted: Dec 04, 2023
AXIS Capital Holdings Limited has announced the appointment of Stan Galanski to the company’s Board of Directors. Effective January 1, 2024, Galanski will join the Board and serve on its Risk Committee. Henry Smith, Chair of the Board of Dir...
Posted: Dec 04, 2023
AM Best has announced it is maintaining its negative outlook on the U.S. personal lines insurance segment for 2024, due to the continued deterioration in results for the personal auto and homeowners’ lines of business and rising loss costs. The ra...
Posted: Dec 04, 2023
AM Best has announced it is maintaining its Negative outlook on the U.S. personal lines insurance segment for 2024, due to the continued deterioration in results for the personal auto and homeowners’ lines of business and rising loss costs. The ra...
Posted: Dec 04, 2023
A host of re/insurance solutions providers have expressed their support of the ‘Joint Declaration Regarding Credit Enhancement of Sustainability-linked Sovereign Financing for Nature and Climate’ launched at COP28. During the annual climate change...
Posted: Dec 04, 2023
WTW has announced the appointment of Chris Condello as Head of the newly created Asian Risk Division, within Corporate Risk and Broking (CRB), North America. The Asia Risk Division will consist of Japanese, South Korean, and newly created Indian a...
Posted: Dec 04, 2023
Reinsurance brokerage firm Augment Risk, has announced the appointment of Andrew Matson as Chief Executive Officer (CEO), who will focus on building on the firm’s significant traction, having already bound $1 billion of premium in its first year o...
Posted: Dec 04, 2023
Slide Insurance, the full-stack homeowners insurtech focused on writing business in Florida currently, is expanding further into the market with the launch of an admitted H06 condominium insurance policy, Reinsurance News has learned. Slide is ope...
Posted: Dec 04, 2023
As per a new report from Reuters, former U.S. Secretary of State Hillary Clinton has called for a reform of the insurance sector at COP28, citing the unavailability of coverage amid a new wave of climate shocks. Speaking during a panel on women an...
Posted: Dec 04, 2023
Core Specialty Insurance Holdings, Inc. and its subsidiaries has completed its acquisition of the MGU/Stop-Loss business of American National Group (ANAT). The acquisition was previously announced in June earlier this year. As a result, this acqu...
Posted: Dec 04, 2023
Singapore-based insurtech Igloo has successfully raised US$36 million in a Pre-Series C funding round led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, and with participation from Openspace’s OSV+, and returning...
Posted: Dec 04, 2023
Zurich-based catastrophe insurance data provider PERILS has disclosed an initial industry loss estimate of €509 million for the Babet-Aline floods and storms over the British Isles and northwestern Europe in October 2023. In line with the PERILS c...
Posted: Dec 04, 2023
Bermuda-domiciled re/insurer Fidelis Insurance Holdings Limited has announced the appointment of Miranda Hunter as Head of Investor Relations. Hunter brings to her new role over 15 years of re/insurance and financial industry experience, having he...
Posted: Dec 04, 2023
Beat Capital Partners, a prominent long-duration investor specialising in the insurance industry, has unveiled its latest venture, RedRiff Agency Limited. RedRiff will function as a dedicated Accident & Health (A&H) underwriter, offering c...
Posted: Dec 04, 2023
Lombard US/BDA, the US and Bermuda business has appointed Hon. Tom Considine as Chairman of the Board and Michael Farrell as Chief Executive Officer. The appointment followed the recent acquisition of the specialist life and annuity focused re/ins...
Posted: Dec 04, 2023