Reinsurance News
U.S. insurance brokerage Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager serving owners and managers of multifamily and single-family residential portfolios. Thi...
Posted: Apr 16, 2024
Latin Re has become the first Brazilian reinsurance broker to license RiskExplorer™, the advanced risk management software developed by Ultimate Risk Solutions (URS). RiskExplorer is well known for its sophisticated modeling capabilities. I...
Posted: Apr 16, 2024
Integra Insurance and Reinsurance Broking Services is the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. It will license Broking Manager to bolster its growth plans for...
Posted: Apr 16, 2024
Lloyd’s exceptional 2023 results demonstrate the resilience of the market as we heads into uncertain times, according to a joint report from the Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR). If you recall, i...
Posted: Apr 15, 2024
HDI Global, an industrial insurance provider known for its focus on large industrial clients, is now expanding its services to offer tailored solutions to mid-market clients. Through a focused strategy in underwriting, claims management, and produ...
Posted: Apr 15, 2024
CG Re (Africa) has obtained a mandate by the Minister of Finance of the Democratic Republic of Congo (DRC) to assist with the setup and management of a new specialty lines Reinsurance Facility. Administered by the Autorité de Régulation et de Cont...
Posted: Apr 15, 2024
WTW, a global insurance and reinsurance broker, has announced the appointment of Neil Harrison as the new Global Head of Claims. In his new role, Harrison will report directly to Adam Garrard, WTW’s Global Head of Risk & Broking. He will...
Posted: Apr 15, 2024
Independent specialist re/insurance broker Miller has announced the appointment of Alberto Ferriolo to its Asia Pacific Cargo team, based in Singapore. Ferriolo will be supporting Miller’s clients and partners across the APAC region while working...
Posted: Apr 15, 2024
Global specialty re/insurer, Canopius Group, has entered into a partnership with Group-IB, a creator of cybersecurity technologies, which is set to strengthen Canopius’ cyber insurance offering with further advanced threat intelligence capabilitie...
Posted: Apr 15, 2024
Commercial insureds in California will now be able to benefit from Munich Re Specialty Insurance (MRSI) newly launched FAIR Plan Commercial Wrap, a new solution available to those insureds who seek comprehensive coverage in tandem with their FAIR...
Posted: Apr 15, 2024
Global specialty re/insurance broker, McGill and Partners, has expanded its global presence by hiring Duncan Milne and Cabot Lyman as Partners to its US Property Team. Milne joins the firm as Partner, Head of US Property, bringing more than 16 yea...
Posted: Apr 15, 2024
Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has acquired a box at Lloyd’s in a three-year deal. Rokstone has reportedly taken box 335, located on gallery 3, and will be trading live from the 15th of April 2024, operat...
Posted: Apr 15, 2024
FloodFlash, a parametric flood insurer, is introducing Flood BI, a new product designed to support business interruption (BI) coverage in the United States. Key features of Flood BI include unrestricted spending of claim payments, rapid payment wi...
Posted: Apr 15, 2024
Home insurance claims for weather-related damage reached a record £573 million last year, making it the highest on record and 36% greater than 2022’s £421 million, according to the Association of British Insurers (ABI). This substantial rise...
Posted: Apr 15, 2024
Parametrix, a provider of cloud monitoring, modeling, and insurance services has launched Parametrix Analytics, a brand new service that will allow re/insurers to quantify, effectively manage, and efficiently transfer cloud risks with unprecedente...
Posted: Apr 15, 2024
Global insurance and reinsurance brokerage Aon has announced the appointment of Shailendra Sapra as CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee. In his new role, based in Mumba...
Posted: Apr 15, 2024
JP Morgan has estimated that global insured losses will be less than $10 billion in Q1 of 2024, much below the average of $15 billion over the last 10 years. The largest natural catastrophe during Q1 was the magnitude 7.5 earthquake that struck Ja...
Posted: Apr 15, 2024
Reinsurance giant Swiss Re’s shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM), with all proposed members of the Board of Directors re-elected for a one-year term, and the election of...
Posted: Apr 15, 2024
Sebastian Cook has joined Howden Re International as Deputy CEO, where he will support the current CEO Massimo Reina. Cook reportedly holds significant international broking and leadership experience, having previously led European broking at Guy...
Posted: Apr 15, 2024
Large European reinsurer Hannover Re has, in collaboration with Parametrix, issued the world’s first cloud outage catastrophe bond, a $13.75 million privately placed transaction called Cumulus Re. Issued via Hannover Re’s wholly owned...
Posted: Apr 15, 2024
Trean Insurance Group, a provider of products and services for the specialty insurance market, has implemented Origami Risk’s multi-tenant core property and casualty solution suite to streamline its workers’ compensation business. This comprehensi...
Posted: Apr 15, 2024
Standard Insurance Company (The Standard) has promoted Jeremy Horner to the role of Vice President of Individual Disability Insurance and Corporate Development. Horner joined the organisation in 2009 and has served in a variety of leadership roles...
Posted: Apr 15, 2024
Florida Peninsula Insurance Company has announced a 2% statewide decrease in homeowners insurance premiums. This reduction is partly due to recent legislative changes and the diligent efforts of the analyst team at Florida Peninsula Insurance, who...
Posted: Apr 12, 2024
The recent strong winds and severe convective storms that struck the central and southern United States between April 6-11, are estimated to drive economic and insured losses into the hundreds of millions or higher, USD, according to Aon’s w...
Posted: Apr 12, 2024
R&Q Insurance Holdings (R&Q) has announced it has agreed to sell all the interests held by R&Q and its affiliates in the Joint Venture between Obra and R&Q, Sag Main, to Obra Capital, Inc. The non-life specialty insurer has also pr...
Posted: Apr 12, 2024