Reinsurance News
Kenya domiciled reinsurer Zep Re, or PTA Reinsurance Company, has a new Chief of Staff, Jaskiran S., who has recently joined the firm and will be in charge of strategy execution. ZEP-RE is a specialised institution of the Common Market for Eastern...
Posted: May 07, 2024
Palomar Holdings has reported a net income of $26.4 million for the first quarter of 2024, marking a notable increase of $17.3 million from the same period in 2023. The company has experienced substantial growth in gross written premiums (GWP), su...
Posted: May 07, 2024
CelsiusPro’s Global Parametrics team, in collaboration with Mahila Housing Trust, Howden Insurance Brokers Limited, and Go Digit General Insurance, has introduced a pioneering climate risk insurance (CRI) product providing financial protection for...
Posted: May 06, 2024
HDI Global Insurance Company, the US subsidiary of international commercial insurer HDI Global SE (HDI), has announced the promotion of Marco Hensel to Chief Underwriting Officer (CUO), and the appointment of Santiago Treviño as Chief Strategy Off...
Posted: May 06, 2024
Fenchurch Law, a City of London law firm specialising in insurance coverage disputes, has announced the appointment of Joanna Grant as Managing Partner, making Fenchurch Law one of the few female-led law firms in the UK. David Pryce, founder and f...
Posted: May 06, 2024
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has surpassed $1 billion in underwriting earnings in its property and casualty (P&C) reinsurance operations during the first-quarter of 2024, up almost 160% year-on-y...
Posted: May 04, 2024
Mosaic Insurance, a global specialty insurer, has relocated its New York City office to Manhattan to accommodate its expanding business and future ambitions in the US market. The new office is situated on the 42nd floor of One Grand Central Place...
Posted: May 03, 2024
Munich Re’s REALYTIX team has launched a generative AI co-pilot facilitating insurance solution development of clients. With REALYTIX ZERO, Munich Re has been providing a cloud-based underwriting platform with based on its underwriting exper...
Posted: May 03, 2024
With the Texas Windstorm Insurance Association (TWIA) requiring its largest reinsurance purchase on-record given its significant exposure growth, the residual market insurer is making rapid progress, with $750 million of its traditional reinsuranc...
Posted: May 03, 2024
Specialty insurance provider Trisura Group has reported a remarkable net income of $36.4 million for the first quarter of 2024, representing a significant 160.7% increase compared to $14 million in the same period last year. The company attributes...
Posted: May 03, 2024
AXA XL has announced the appointment of Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas. In his new role, O’Malley will lead AXA XL’s US zonal teams, Canada and Bermuda co...
Posted: May 03, 2024
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, has completed the acquisition of American Equity Investment Life Holding Company (AEL). The deal, announced in J...
Posted: May 03, 2024
American multinational financial services company, Corebridge Financial has announced its first quarter of 2024 financial results, reporting a net income of $878 million compared to a net loss of $459 million in the prior year quarter. According t...
Posted: May 03, 2024
Global insurer AXA and Athora have mutually agreed to terminate the sale agreement related to the purchase of a closed life and pensions portfolio from AXA Germany, which was initially announced on July 14, 2022. According to the announcement, AXA...
Posted: May 03, 2024
American Financial Group, Inc. (AFG) has reported a net income of $242 million for the first quarter of 2024, reflecting an increase from $212 million reported in Q1’23. In Q1, AFG’s net earnings included after-tax non-core net realised gain...
Posted: May 03, 2024
Enstar Group has posted net earnings of $119 million in the first quarter of 2024, compared to net earnings of $424 million in Q1 2023. Return on equity (ROE) was 2.4% for the quarter, compared to 9.5% from the previous year, while adjusted ROE wa...
Posted: May 03, 2024
Delos Insurance Solutions, has partnered with underwriters from Lloyd’s of London to expand wildfire insurance coverage to a broader range of California policyholders with vacant properties. Delos employs cutting-edge technology to provide insuran...
Posted: May 03, 2024
Severe convective storms, tornadoes, strong winds, hail and flooding struck central United States throughout the last week, which could potentially result in a loss that runs into the billions of dollars, on both an economic and insured basis, Aon...
Posted: May 03, 2024
Bermuda-based re/insurer Lancashire Holdings Limited has announced two senior appointments: Paul Gregory as an Executive Director on its Board and Philip Broadley as the Chair of the Board of Directors. Gregory previously held the position of Chie...
Posted: May 03, 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc., has reported Q1 2024 revenue growth of 20.6% year-over-year as well as an increase in net income of 11.6% year-over-year when compared to the same period last year. The firm’s...
Posted: May 03, 2024
Fairfax Financial Holdings has revealed that its property and casualty insurance and reinsurance operations produced an adjusted operating income of $977.1 million in Q1 of 2024, up from $843 million in the opening quarter of 2023. As per Fairfax,...
Posted: May 03, 2024
Tiptree has posted a net income of $9.1 million for the first quarter of 2024, compared to a net loss of $1.1 million in the first quarter of 2023. The company attributed this increase towards growth seen within their insurance business, improved...
Posted: May 03, 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its third industry loss estimate for Extratropical Windstorm “Ciarán”, increasing the figure to €2.04 billion. The windstorm, also known as “Emir”, affected France, the United K...
Posted: May 03, 2024
In their results for the first quarter of 2024, Hippo Holdings Inc. has announced that it’s total generated premium (TGP) grew by 20% year-over-year, reaching $294 million, compared to $244.9 million from the prior year quarter. At the same...
Posted: May 03, 2024
Odyssey Group Holdings, Inc., a global reinsurance and specialty insurance company has announced that Odyssey Reinsurance Company’s global Chief Executive Officer, Carl Overy, will succeed Brian Young as CEO of Odyssey Group effective January 1, 2...
Posted: May 03, 2024