Reinsurance News
Sayata, a marketplace for insurance brokers and carriers, has recently launched the Sayata Risk Engine: an AI-powered platform designed to revolutionise risk assessment and underwriting for insurance carriers and MGAs. Asaf Lifshitz, Co-Founder an...
Posted: Apr 11, 2024
Hong Kong-based global reinsurer Peak Re has expanded its Structured Solutions team to enhance product diversity and deliver customised reinsurance solutions to both its Property & Casualty (P&C) and Life & Health (L&H) clients. Th...
Posted: Apr 11, 2024
Acies MGU, the technology and data-driven managing general underwriter (MGU), has launched Phoenix Specialty, a new specialist managing general agent (MGA) serving the construction sector. The MGA will be led by managing director Tim James, subjec...
Posted: Apr 11, 2024
Sompo has appointed Hideo Nakano as Head of Japanese Interest Accounts (JIA), Asia Pacific (APAC), with effect from April 1, 2024. In this newly created role, Nakano-san is tasked with leading the JIA teams across the APAC region to drive strategy...
Posted: Apr 11, 2024
India’s General Insurance Corporation Reinsurance (GIC Re) continues to focus on growth within its domestic portfolio following strong April 1 2024 renewals, says Ramaswamy Narayanan, Chairman & MD of GIC Re, in an interview with CNBC TV...
Posted: Apr 11, 2024
Bermuda-headquartered energy insurer Everen Limited’s shareholders, at its Annual General Meeting (AGM), elected a new Board of Directors who will serve until March 2025. The newly elected Board convened and appointed John Weisner as the Chair of...
Posted: Apr 11, 2024
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., has revealed that its principal subsidiary, Protective Life Insurance Company, has agreed to acquire ShelterPoint Group, Inc. ShelterPoint is a provider of statutory d...
Posted: Apr 11, 2024
AXIS Capital has announced that Alistair Robson, Head of Underwriting for AXIS Global Markets, and Chief Underwriting Officer (CUO) of AXIS Managing Agency, has decided to retire. The company has confirmed that he will leave AXIS at the end of Jun...
Posted: Apr 10, 2024
Direct Line Group has hired Aviva’s Jane Poole as Group Chief Financial Officer (CFO), subject to regulatory approval. In an announcement made by the company, it was revealed that Poole will join the Board in October 2024, succeeding Neil Ma...
Posted: Apr 10, 2024
As per a new report from AM Best, after a benign natural catastrophe year in 2023, the magnitude 7.2 earthquake that struck Taiwan is not expected to add significant claims and lead to a capital event for the Taiwan non-life industry. The recent e...
Posted: Apr 10, 2024
Slide Insurance, a technology enabled insurance firm, has finalised pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond, the biggest catastrophe bond yet from the company to date. From what Reinsurance News understands, Pu...
Posted: Apr 10, 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has announced the addition of Terrence McDowell, Melodie Vanderpuye, and Hannah Ferriday Lanner to its International team. The rebranding to Howden Re was ann...
Posted: Apr 10, 2024
White Mountains Insurance Group, has appointed Giles Harrison as Executive Vice President and Chief Strategy Officer, and named Liam Caffrey President of White Mountains. Harrison, who will take over his new role on June 10, 2024, is joining White...
Posted: Apr 10, 2024
Alliant Insurance Services, an insurance brokerage and consulting firm, has expanded its presence in California through the recent acquisition of Vinsa Insurance Associates within its Alliant Public Entity division. Vinsa is an independent propert...
Posted: Apr 10, 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI’s Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup s...
Posted: Apr 10, 2024
The Insurance Development Forum (IDF) has announced its intention to facilitate investments in robust infrastructure within the insurance sector to enhance the resilience of vulnerable communities in emerging economies against climate change and n...
Posted: Apr 10, 2024
Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has bee...
Posted: Apr 10, 2024
The London Market Group has announced that Sarah Hughes, CEO of Howden Specialty, has been added to its board as a representative of London & International Insurance Brokers Association (LIIBA). An experienced veteran across the sector, Hughes...
Posted: Apr 10, 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration “represents a unique approach to helping companies assess and mitiga...
Posted: Apr 10, 2024
The Insurance Council of Australia (ICA) has declared the severe storm that hit the country at the beginning of April a ‘Significant Event’. Insurers have received 11,527 claims to date from the storms that caused heavy rainfall, damaging winds an...
Posted: Apr 10, 2024
Arch Insurance International has promoted Sebastian Terry to Head of Accident & Health (A&H) and Georgina Raeburn to Senior A&H Underwriter, both effective immediately. Terry holds around 20 years of A&H underwriting experience, ha...
Posted: Apr 10, 2024
Miller, the independent specialist insurance and reinsurance brokerage, has appointed Nick Rnjak as the Client Advocate for its Onshore energy team, based in London. Rnjak will report to Martin Henderson, Head of Energy & Construction. His rem...
Posted: Apr 10, 2024
Qubit Underwriting, a Managing General Agent (MGA) recently launched in Hong Kong specialising in digital asset insurance, has successfully completed its Pre-Series A fundraising. The raised funds will help to fuel Qubit’s expansion efforts to rea...
Posted: Apr 10, 2024
The reinsurance sector exhibited strong overall performance in Q1, achieving an impressive +42% total return on equity, as highlighted in ACORD’s initial Global Insurance Stock Index Update for 2024. ACORD, the standards-setting body for the...
Posted: Apr 10, 2024
South Africa-based Yard Insurance has launched its new reinsurance risk solutions for the energy sector. The company assists the energy sector to mitigate their unique risks against potential catastrophic losses like weather, rehabilitation and ot...
Posted: Apr 10, 2024