Reinsurance News
Independent specialist re/insurance broker BMS has launched its new global healthcare division, set to be led by industry veteran Rob Wendin serving as managing director. According to the announcement, the new division will provide solutions and g...
Posted: May 01, 2024
The Lloyd’s Market Association (LMA) has launched its latest iteration of the UK Consumer Wordings Guidance. According to the announcement, this latest iteration is a comprehensive resource designed to aid LMA members in “effectively a...
Posted: May 01, 2024
RYZE Claim Solutions, a provider of claims services to insurance carriers and managing general agents, has announced the appointment of Stuart Myers and Christopher Conti, to its Board of Directors. Together, both executives – who are highly...
Posted: May 01, 2024
Agile Underwriting Services has received ‘Permission to Underwrite’ from Lloyd’s for its Agile Underwriting Services Syndicate 2427 (AUS 2427), the final regulatory approval required to commence its underwriting business. The new syndicate will re...
Posted: May 01, 2024
Lemonade, a digital insurance firm powered by AI, has reported a net loss in Q1 2024 of $47.3 million, marking an improvement of 28% on last year’s figure, while its in-force premium (IFP) grew 22% year on year (YoY) to $794 million and gros...
Posted: May 01, 2024
Plover, the tech-enabled commercial insurance broker, has launched a new specialty brokerage designed to help brokers secure climate and emerging risk solutions. The company, which was founded in 2022, has also secured over $5 million in venture c...
Posted: May 01, 2024
Compre, an international legacy group, has announced the appointment of Rebecca Love to the position of Reinsurance Director. With 25 years of experience in the insurance and reinsurance industry, Love brings a wealth of expertise to her new role....
Posted: May 01, 2024
Bermuda-domiciled SiriusPoint Ltd., a global specialty re/insurer, has reported Q1 2024 net income of $90.8 million, with core income of $62.4 million, which includes underwriting income of $44.3 million and a combined ratio of 91.4%. The core com...
Posted: May 01, 2024
Bermudian RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $541 million with a combined ratio of 77.9% in its first quarter 2024 results, as the reinsurer’s premiums swelled as a result of the renewal of business acqui...
Posted: May 01, 2024
BPL has appointed industry veteran Lizzie Thomas as Director to strengthen its broking teams in Europe and the US. In her new role, Thomas will report to James Reynolds, Deputy CEO at BPL, and will collaborate with the company’s major financ...
Posted: May 01, 2024
A wholly owned subsidiary of legacy specialist Enstar Group has agreed a $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based re/insurer SiriusPoint to reinsure a portfolio of Workers’ Compensation business covering underw...
Posted: May 01, 2024
DUAL Australia is launching a new business line in the Asia Pacific region through its specialised title insurance team, DUAL Asset. Leading this initiative is Chris Hammond, Head of Asia Pacific for DUAL Asset. The focus areas include real estate...
Posted: May 01, 2024
Insurer AF Group has appointed Kriss Barronton, formerly of USAA, as its new Chief Operating Officer (COO). In the new role, Barronton’s remit will include leading several key teams including business transformation, loss control, premium au...
Posted: May 01, 2024
Factor Risk Management (FRM), an independent global advisor and broker of litigation finance and after-the-event legal expenses insurance, has launched its M&A and Transactional Risks division, to be led by James Wilson. Camila Carvalho joins...
Posted: Apr 30, 2024
Jim Williamson, Executive Vice President and Group Chief Operating Officer (COO) of insurer and reinsurer Everest has been elected as the Chair of the Reinsurance Association of America (RAA). Williamson was elected Chair at the association’...
Posted: Apr 30, 2024
McGill and Partners has appointed Jack Price-Draper as Partner in its Financial Lines team. Price-Draper joined McGill and Partners in 2020 as an Associate in its Financial Lines team focusing on cyber, financial institutions, professional indemni...
Posted: Apr 30, 2024
As per a new report from Corvus Insurance, Q1 2024 has set a record for the most global ransomware attacks in a first quarter. According to the data in Corvus’ Q1 2024 Ransomware Report, 1,075 leak site ransomware victims were posted on leak...
Posted: Apr 30, 2024
Climate risk solutions provider Arbol has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital. Following a year marked by “unprecedented” climate events...
Posted: Apr 30, 2024
After an excellent outcome for Everest at the January and April 2024 reinsurance renewals, the Bermuda-based firm is expecting “terrific” risk-adjusted economics at the mid-year renewals and a continuation of market discipline, accordi...
Posted: Apr 30, 2024
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group of companies, has created a Global Media division dedicated to underwriting risks operating in the Media, Film, Television, and Events sectors. Ros Breese has been...
Posted: Apr 30, 2024
New York and Cayman-based Northern Reinsurance has hired former Everest employee Vincent Pomo as Chief Underwriting Officer (CUO), effective April 29, 2024. An experienced veteran across the sector, Pomo brings over 15 years of experience towards...
Posted: Apr 30, 2024
AEGIS London has partnered with the award-winning InsurTech Kayna to optimise its online quote and bind platform, Opal Underwriting. AEGIS London currently writes in excess of $120m of premium through its OPAL Underwriting platform per year, much...
Posted: Apr 30, 2024
As per the QualRisk Cyber Insurance Center (QCC) 2024 Global Market Report (GMR), the international cyber insurance market is expected to double by 2030. Daniel Kasper, CEO of QCC, noted that while the US has been the major driver of cyber insuran...
Posted: Apr 30, 2024
Consilium, the global speciality re/insurance broking arm of the Aventum Group, has appointed Lucy Moore as the Head of Technical and Operations within its Delegated Risk Solutions division. In her new position, Moore’s remit will include mainly s...
Posted: Apr 30, 2024
As Clearwater Analytics works towards revolutionising the world of investing, we spoke with Senior Product Manager for EMEA Prudential Regulations, Wenzhe Sheng, about regulatory and technology trends in the insurance industry amid a volatile inve...
Posted: Apr 30, 2024