Reinsurance News
USAA, a provider of insurance, banking, and investment and retirement solutions to members of the US military, has announced the addition of a new member to its Board of Directors, Ross Buchmueller, who brings deep expertise in the insurance indus...
Posted: May 29, 2024
Itasca MGA, a specialist aviation-focused managing general agent (MGA) established in 2023 by Castlelake and Pine Walk, has announced the appointment of Gareth John as Chief Executive Officer (CEO) and Director. Operating within the Pine Walk plat...
Posted: May 28, 2024
Specialty insurance broker One80 Intermediaries, in partnership with the Oregon FAIR Plan Association, has announced the expansion of its homeowners’ coverage throughout the state of Oregon, US. Effective immediately, One80 and its carrier partner...
Posted: May 28, 2024
Mosaic 1609 and other participating Lloyd’s syndicates have partnered with Safe Security to streamline cyber insurance solutions through newly launched facility Incyde Risk. According to the announcement, the new facility will provide up to...
Posted: May 28, 2024
Global credit ratings agency AM Best has revised its market segment outlook on the Philippine non-life insurance market to stable from negative, citing a variety of factors that include strong investment yields amid insurance market and economic g...
Posted: May 28, 2024
Cover Whale Insurance Solutions, Inc., has announced a $27.5 million funding boost in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. This round of funding, which includes existing debt investors converting into...
Posted: May 28, 2024
The Property & Casualty (P&C) industry began 2024 in a stronger position compared to 2023, driven by 25 consecutive quarters of premium increases, improved investment returns for insurers, and a relatively mild hurricane season, highlights...
Posted: May 28, 2024
Zurich Singapore has appointed Matt Graves as its new Chief Claims Officer, reporting directly to Liam Burrell, Chief Executive Officer of Singapore and Head of Commercial Insurance Asia. Graves’ remit will include an enterprise-wide responsibilit...
Posted: May 28, 2024
Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has announced an asset-intensive reinsurance agreement in Japan with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life). The deal, covering in-force...
Posted: May 28, 2024
French reinsurer CCR Re has announced the return of Cédric Boureau as a Senior Actuary Underwriter, responsible for underwriting in the regions of Asia and Africa, reporting to John Conan. Boureau has returned to the French reinsurer after four ye...
Posted: May 28, 2024
UK insurer Legal & General Assurance Society Limited has successfully completed a buyout with the Nortel Networks UK Pension Plan, which belonged to the now-bankrupt telecommunications company Nortel Networks. This latest agreement secures the...
Posted: May 28, 2024
In partnership with The Vistria Group and founded by industry leader Jeff Turner, Crestfield Risk has recently launched as a platform to unite and support leading independent insurance agencies across the US. The platform aims to equip agencies wi...
Posted: May 28, 2024
Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has announced the appointment of industry veteran Andre Siregar as Chief Technology Officer. In his new role, Siregar will lead the development and implementation o...
Posted: May 28, 2024
Higher interest rates worldwide are reportedly transforming the outlook for life insurance growth and profitability, with a new high anticipated for US fixed annuity sales this year after record sales in 2022 and 2023, as per a new Swiss Re Instit...
Posted: May 28, 2024
Blenheim Underwriting has announced the appointment of a new Senior Liability Treaty Underwriter for Syndicate 5886, David Barber, who aims to build a portfolio of niche liability classes, written via long-standing delegated authority/ reinsurance...
Posted: May 28, 2024
Earnix, a provider of AI-based SaaS solutions, highlights the crucial role synthetic data will play in the future success of the specialty London insurance market in a recent report. According to Gartner, the use of synthetic data in commercial ap...
Posted: May 28, 2024
Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurance company, has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately JPY 100 billion paid-up bl...
Posted: May 28, 2024
Marsh McLennan, a global re/insurance broker, has launched Sentrisk, an AI-powered platform with integrated advisory services that aims to redesign the way businesses manage global supply chain risk. Sentrisk enables clients to map supply chains c...
Posted: May 28, 2024
In response to Swiss Re Institute’s recent report revealing the health sector’s increased vulnerability to AI-related threats, Pravina Ladva, Group Chief Digital & Technology Officer at Swiss Re, highlights the critical role of re/insura...
Posted: May 28, 2024
Euclid Program Managers, a family of insurance program managers, has launched Euclid Marine, LLC, a program manager committed to delivering comprehensive marine cargo and stock throughput coverage for North America. Euclid Marine will be led by in...
Posted: May 28, 2024
Through the second quarter, strong consumer fundamentals boost GDP forecasts, but persistent inflation prompts revisions, while anticipated interest rate adjustments reflect a cautious approach by policymakers, as noted by global reinsurer Swiss R...
Posted: May 24, 2024
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