Reinsurance News
Arch Insurance North America, part of Arch Capital Group Ltd., has entered into a master transaction agreement to acquire the US MidCorp and Entertainment insurance businesses – which includes select specialty insurance programs – fro...
Posted: Apr 05, 2024
Aon’s latest weekly catastrophe report predicts that the recent multi-hazard weather system, which affected the continental United States from March 29th to April 5th, may result in economic and insured losses totaling hundreds of millions o...
Posted: Apr 05, 2024
In their latest trading update, Rothesay, a prominent UK pensions insurance specialist, completed de-risking transactions with twelve pension schemes during 2023, resulting in new business premiums of £12.7 billion, a substantial increase from £3....
Posted: Apr 05, 2024
The outcome of the Japan casualty reinsurance renewals at April 1st were predominantly stable or favourable, with some sellers pulling back from certain lines as others adopted a more positive approach, according to Gallagher Re. In Gallagher Re’s...
Posted: Apr 05, 2024
Standard Insurance Company (The Standard)has announced the appointment of Lauren Canfield as vice president, corporate actuary and chief risk officer, succeeding Sally Manafi who is retiring. Canfield, who is taking over her new role April 1, 2024...
Posted: Apr 05, 2024
Windward Risk Managers, the management company behind Florida Peninsula and Edison Insurance, is bringing additional capital and capacity to the Florida market with the launch of Ovation Home Insurance Exchange. Scheduled to begin writing policies...
Posted: Apr 05, 2024
Insurtech Novidea is further strengthening its global leadership team with the appointment of Betterview and Groundspeed Analytics executive Jeff Heine as Chief Revenue Officer (CRO). In his new role, Heine will be in charge of driving global reve...
Posted: Apr 05, 2024
Acrisure, the global Fintech company has announced the formation of its Midwest Region, to be led by Tina Semotan as Managing Partner. According to the announcement, the new region comprises businesses in Illinois, Iowa, Kansas, Minnesota, Missour...
Posted: Apr 05, 2024
According to Aon, the deadly magnitude-7.4 earthquake that struck eastern Taiwan on April 3 is likely to result in a notable event for the local insurance industry due to relatively high take-up rates. The quake is reportedly the island’s la...
Posted: Apr 05, 2024
Deflation pressure in China is easing, but there is little upside to come according to the Swiss Re Institute, as its forecasts low inflation for the country in 2024, which should contribute to the global disinflation process and support insurance...
Posted: Apr 05, 2024
Conifer Holdings, Inc. has announced the commencement of a capacity relationship with data-driven risk exchange Accelerant. Conifer explained that by leveraging Accelerant’s Risk Exchange, it aims to improve risk assessment and thus enhance...
Posted: Apr 05, 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, is set to acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. According to ASU, it will immediately as...
Posted: Apr 05, 2024
Fortitude Re has appointed Jamie Schmerer as SVP, Enterprise Risk, where he will lead the firm’s regulatory relations efforts in Bermuda and oversee its enterprise risk management framework, including risk governance, risk appetite, and risk...
Posted: Apr 05, 2024
Aon, the global insurance and reinsurance broker, has appointed Uri Dallal as the firm’s New York City market leader, effective immediately. He will report to Christine Williams, Northeast region leader at Aon. In the new role, Dallal will oversee...
Posted: Apr 05, 2024
Japan property catastrophe demand was marginally down year-on-year at the April 1st, 2024, reinsurance renewals, while some increases in retentions were offset by a small amount of additional capacity purchased, reports Gallagher Re. In the reinsu...
Posted: Apr 05, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Ingo Lorber to Head of Claims for Germany, Austria, and Switzerland (DACH). Andreas Krause, Head of DACH at BHSI, emphasises the company’s dedication to providing o...
Posted: Apr 05, 2024
Acrisure, a global fintech, has created a newly dedicated Life and Health (L&H) business segment falling under the company’s previously announced Wholesure division. Wholesure comprises Acrisure’s Property & Casualty wholesale lines of bus...
Posted: Apr 05, 2024
American Integrity, a Florida-based property insurer, has launched a new product called ValueGuard Property Insurance, aiming to provide essential home protection for Florida residents at a more affordable price. Tailored specifically for the need...
Posted: Apr 05, 2024
Farmers Insurance has recently announced the appointment of John Griek to the position of Chief Financial Officer (CFO). In his new role, Griek will directly report to Raul Vargas, President of Distribution, Life, and Financial Services, and will...
Posted: Apr 05, 2024
In an undisclosed transaction, private equity firm Brera Partners has acquired 70% of the shares in Italian insurance broker GBSAPRI Group. According to the announcement, the firm has made this acquisition with the strategy to drive consolidation...
Posted: Apr 05, 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, recently announced the appointment of Alison Rand to its Board of Directors. Tony Cheng, President and CEO of RGA, praises Rand’s leadership, stating, “Throughout Alison...
Posted: Apr 04, 2024
Hadron, a specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, has appointed Sam Reeder as Chief Executive Officer (CEO). AS CEO Reeder is to build...
Posted: Apr 04, 2024
Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL. Western U.S.-headquartered Global Ag is a crop insurance provider offering solu...
Posted: Apr 04, 2024
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has made two executive promotions, as Sahar Sabouni, Head of Employee Success becomes Chief People Officer, and Dan Palardy, Lead Actuary, becomes Chief Actuary....
Posted: Apr 04, 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-ba...
Posted: Apr 04, 2024