Reinsurance News
Verita, a Managing General Underwriting (MGU) company, is strengthening its Claims team with the appointments of William (Bill) Barry as Chief Claim Manager and Chris Adolph Head of Property Claims. Barry brings more than three decades of experien...
Posted: Apr 12, 2024
According to a recent insurance economics outlook from the Insurance Information Institute (Triple-I), the economic drivers of the US property & casualty (P&C) insurance industry are growing faster than the nation’s Gross Domestic Pr...
Posted: Apr 12, 2024
RT Specialty, the wholesale distribution division of specialty insurer Ryan Specialty, has announced the promotion of Jason Murrey to President of Commercial Lines Binding Authority. In his new role Murrey will oversee the operational leadership o...
Posted: Apr 12, 2024
Zurich-based catastrophe insurance data provider PERILS AG has released its Industry Exposure Database (IED) for 2024, highlighting the continued impact of inflationary developments, with exposure growth at 11.7% year-on-year in USD terms across a...
Posted: Apr 12, 2024
American European Insurance Company and ShoreOne Insurance Managers, Inc. have revealed their successful sponsorship of the $125 million Charles River Re Ltd. Series 2024-1 catastrophe bond. American European is entering into a reinsurance contrac...
Posted: Apr 12, 2024
A recent report by Fitch Ratings indicates a positive trend in the operating environment for Turkish non-life insurers, driven by lower inflation and improved pricing practices, particularly in motor damage insurance. This optimism is further bols...
Posted: Apr 12, 2024
AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, is expanding its suite of specialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance u...
Posted: Apr 12, 2024
Managing general underwriter Victor has announced the appointment of Tim McDougald as president of its Victor US specialty underwriting business, effective immediately. In his new role, based in Boston, McDougald will be responsible for the overal...
Posted: Apr 12, 2024
Specialty Program Group Canada (SPGC) has achieved EcoClaim certification, making Specialty Program Group the first MGA in North America to hold this recognition. SPGC, known best under operating brands Cansure, Beacon, and i3 Underwriting, is tak...
Posted: Apr 12, 2024
Specialist managing general agent (MGA) OneBefore has launched its travel insurance product, ‘Beyond Travel Insurance’ on Aneevo, the travel insurance broker distribution platform formerly known as Just Travel Cover wholesale. Beyond Travel Insura...
Posted: Apr 12, 2024
Nearly 60% of organisations are not treating ethical risks related to artificial intelligence (AI) separately from other ethical concerns, according to a recent survey conducted by Airmic, a UK association for risk and insurance professionals. In...
Posted: Apr 11, 2024
Optalitix, a specialist in data analytics solutions, has announced a partnership with Juniper, a reproductive health insurance provider, employing its online product, Optalitix Models, to efficiently promote Juniper’s new offering through qu...
Posted: Apr 11, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Vice President of Multinational Amy Bowman to Head of Multinational, a Boston based role. Bowman brings more than two decades of experience as an attorney and insurance l...
Posted: Apr 11, 2024
Dawn Miller has been appointed Chief Commercial Officer (CCO) of Lloyd’s and Chief Executive Officer (CEO) of Lloyd’s Americas. Marc Lipman has been appointed President of Lloyd’s Americas taking over the role from Hank Watkins, who will be...
Posted: Apr 11, 2024
The Insurance and Reinsurance Legacy Association (IRLA) has announced the launch of its new chapter in Bermuda, which is set to provide a platform for members to network, share best practices and access professional development opportunities acros...
Posted: Apr 11, 2024
Global insurance provider, RSA Insurance, has unveiled its new regional trading structure ahead of the integration of NIG on May 1, 2024. According to the firm, this next step in evolution of RSA’s Commercial Lines business is based around three p...
Posted: Apr 11, 2024
A recent report from Allianz Commercial highlights growing concerns surrounding the surge in elections scheduled for 2024, which could potentially escalate the risks of political violence and result in significant insured losses. Srdjan Todorovic,...
Posted: Apr 11, 2024
Carbon Underwriting, a specialist independent managing general underwriter (MGA) and Lloyd’s syndicate, has announced the appointment of Rob Crocker as Active Underwriter, effective April 2024. An expert in professional lines underwriting, Crocker...
Posted: Apr 11, 2024
As per Gallagher Re’s Florida Market Watch Report for 2023, all subgroups of selected insurance companies that derive a majority of their premiums from the state’s personal property market witnessed growth in direct premium written (DPW) in...
Posted: Apr 11, 2024
Farmers Insurance has recently announced the appointment of Eric Coleman as the new President of Business Insurance. In his new role, Coleman will directly report to Raul Vargas, CEO of Farmers, and assume responsibility for spearheading commercia...
Posted: Apr 11, 2024
Argo Group has appointed Julie Saunders as SVP, Head of Inland Marine, where she will reportedly oversee the lines underwriting team and develop innovative marine insurance solutions to meet client needs. Saunders holds two decades of industry exp...
Posted: Apr 11, 2024
Nearly three-quarters (73%) of insurers currently invest in private markets, or plan to do so in 2024, while nearly four in 10 (39%) are aiming to increase their private market allocations, according to Mercer and Oliver Wyman – businesses o...
Posted: Apr 11, 2024
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Chu as Managing Director, Credit, Bond & Political Risk, Global Specialties, effective immediately. Chu will be based in Singapor...
Posted: Apr 11, 2024
Risk Theory, a privately held specialty lines insurance manager, has launched Amherst Specialty Insurance Company. Amherst is a Texas domiciled and a wholly-owned affiliate within the Risk Theory group of companies, and is an authorized surplus li...
Posted: Apr 11, 2024
Global insurance and reinsurance brokerage Aon has appointed Mike Pedel as its new Head of Global Benefits, effective immediately, based out of London. Pedel will report to Lambros Lambrou, Human Capital Chief Executive Officer, and will join the...
Posted: Apr 11, 2024