Reinsurance News
CFC, the global specialist cyber insurance provider, has appointed Louise O’Shea as its new Chief Executive Officer, subject to FCA approval. The news follows the completion of an investigation by Lloyd’s into allegations of non-financial miscondu...
Posted: Nov 30, 2023
Sønr, the innovation scouting and collaboration platform, has announced a strategic partnership with WTW to “bolster” the insurance broker’s innovation initiatives, and strengthen connectivity within its innovation teams globally...
Posted: Nov 30, 2023
First Eagle Investments, an independent, privately owned investment management firm headquartered in New York, has appointed Katie Cowan to the role of Head of Insurance Client Solutions. In this newly created role, Cowan is set to lead First Eagl...
Posted: Nov 30, 2023
In the minds of the leaders of some of the world’s largest companies, there’s no doubt the transition to net zero will happen, but it’s important people understand the consequences of the steps, according to Christian Mumenthaler, CEO of Swiss Re....
Posted: Nov 29, 2023
Markel, the insurance subsidiary of Markel Group Inc., has appointed Tim Woodhouse as Senior Underwriter within its War and Terrorism team, based at the firm’s London office and reporting to Ed Winter, Director of Terrorism. The appointment...
Posted: Nov 29, 2023
Speaking recently at the Geneva Association’s 50th Summit in Zurich, Switzerland, Walter Pasquarelli, OECD One AI Group of Experts, explained how artificial intelligence (AI) can effectively be applied into businesses, as well as the steps that or...
Posted: Nov 29, 2023
As the primary vs reinsurance debate rolls on, analysts in the Deutsche Bank European Insurance Team suggest reinsurers have “won the battle” so far in 2023 in terms of relative share price performance, particularly SCOR and Munich Re....
Posted: Nov 29, 2023
Coastal Insurance Underwriters (CIU), a program administrator specialising in designing, creating, and managing insurance products for a variety of business classes, has announced the appointment of two new Presidents. Taking over this position wi...
Posted: Nov 29, 2023
Global technology solutions company, Unisys has closed agreements with insurer F&G Annuities & Life, Inc. to purchase group annuity contracts totalling approximately $250 million. Through these contracts, Unisys will transfer projected ben...
Posted: Nov 29, 2023
In 2023, 15,700 people have lost their lives to extreme weather disasters in Africa, while another 34 million have been affected, highlighting the urgent need for action at COP28, says African Risk Capacity Limited (ARC). In a recent report, ARC o...
Posted: Nov 29, 2023
Arch Reinsurance has announced the appointment of Greg Habay as Managing Director, Head of Business Development and ILS Partners Relations. In his new role, based in New York, Habay will lead Arch Re’s Insurance-Linked Securities (ILS) business de...
Posted: Nov 29, 2023
Cytora, a digital risk processing platform, has partnered with ZestyAI, a company that leverages artificial intelligence for risk assessment, to bolster commercial property underwriting with integration of climate models. According to the announce...
Posted: Nov 29, 2023
KKR & Co. Inc. has announced a definitive agreement under which it will acquire the remaining 37% stake in the insurance company Global Atlantic, increasing its ownership to 100%. KKR will fund the transaction from its balance sheet, which had...
Posted: Nov 29, 2023
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, today announced the closing of the market’s first 144A cyber catastrophe bond, a $75 million Long Walk Reinsurance Ltd. transaction which provides the firm’s subsidiaries wi...
Posted: Nov 29, 2023
Independent insurance broker Lockton has announced the appointments of Christen Thorbjørnsen, Harry Nilsen, Nikolai Jørgensen and Sigbjørn Larsen to its Energy, Renewables and Property divisions in Norway. Industry veterans Thorbjørnsen and Nilsen...
Posted: Nov 29, 2023
AXIS Reinsurance, the reinsurance business segment of AXIS Capital Holdings, has appointed Jessica Coburn as Reinsurance Underwriting Head, Canada, effective immediately. In the role, she will report to AXIS Re President, North America, Jason Bust...
Posted: Nov 29, 2023
Substantial rate improvement, increased demand for protection, and rising investment income has led AM Best to maintain its stable outlook for the global reinsurance sector. As the January 1st, 2024, reinsurance renewals fast approaches, the ratin...
Posted: Nov 29, 2023
A number of new insurers are expected to enter the bulk annuity market, attracted by the record-breaking numbers and volumes of transactions, according to a new report from Hymans Robertson. The firm observed that transaction records in the risk t...
Posted: Nov 29, 2023
The data analytics and market insight platform, Broker Insights, has announced that James Hallam, part of the Seventeen Group, is now using its Broker Insights VisionTM platform. Broker Insights connects UK insurance brokers and insurance companie...
Posted: Nov 29, 2023
MAPFRE and technology provider Cyberwrite have joined forces to help the insurer’s clients reduce the risk of cyber-attacks with AI. The Spanish firm explained that Cyberwrite will provide it with a cyber insurance risk platform for SME comp...
Posted: Nov 29, 2023
AM Best has affirmed the credit ratings of RB-Brasil Resseguros S.A. (IRB) and assigned a negative outlook, as the agency acknowledges the reinsurer’s capital adequacy improvements. IRB’s Financial Strength Rating is A- (Excellent) and its Long-Te...
Posted: Nov 29, 2023
The Saudi Central Bank (SAMA) has announced that it has licensed ReTech Reinsurance Brokers Co for a soft launch phase to provide online reinsurance brokerage services. According to the announcement, this reflects SAMA’s endeavor to support...
Posted: Nov 29, 2023
Global insurance brokerage WTW has appointed Diego Ventosa Dünwald as Energy and Infrastructure Growth Leader, Natural Resources, based in North America and reporting to Bill Helander, Head of Natural Resources at WTW North America. In his new rol...
Posted: Nov 29, 2023
New York and Cayman-based Northern Reinsurance has successfully tripled its committed capital by securing an additional $50 million of funding, bringing the total to $75 million. According to Northern Re, the proceeds will enable it to capitalise...
Posted: Nov 28, 2023
Reinsurance brokerage Gallagher Re has promoted Mark Hansen, who has served as Chief Operating Officer (COO) for its North America division since 2021, as its new global COO, taking over from Chris Brook. Hansen has served as COO for Gallagher Re...
Posted: Nov 28, 2023