Reinsurance News
Howden Tiger, the reinsurance broking arm of Howden, has announced its rebranding to Howden Re, aligning with the company’s broader rebranding initiative launched in October 2023. This initiative aims to unify its global broking operations under t...
Posted: Apr 03, 2024
Christa Davies, executive vice president and chief financial officer (CFO) for Aon, has chosen to retire in 2025 after more than 16 years at the firm. Davies joined Aon in 2007 and has served as CFO since 2008, overseeing the firm’s global f...
Posted: Apr 03, 2024
Global insurance and reinsurance broker Aon has completed the acquisition of Global Insurance Brokers (GIB) in India, a move that significantly expands the firm’s existing capabilities in the country. GIB, a composite re/insurance brokerage...
Posted: Apr 03, 2024
Global re/insurance broker Howden has announced the promotion of Paul Hasib to the newly created role of Chief Placement Officer for the Corporate & Commercial pillar within Howden UK & Ireland, effective April 1, 2024. In his new role, Ha...
Posted: Apr 03, 2024
Alternative asset manager Blue Owl has announced it has agreed to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (KAM) for $750 million, a deal that will support the launch of Blue Owl Insurance Solutions. KAM is a boutique inv...
Posted: Apr 03, 2024
Zurich-based catastrophe insurance data provider PERILS AG has provided a second update on the insured loss estimate for the Australia Christmas Storms, which affected the states of Victoria, New South Wales, and Queensland, lifting the figure by...
Posted: Apr 03, 2024
Reflecting on the April 1 reinsurance renewals, James Vickers, Gallagher Re’s Chairman of International, says that reinsurers were looking “to grow their portfolios and therefore were relatively accommodating within the confines of the...
Posted: Apr 03, 2024
Arch Insurance (Bermuda) has announced the appointment of Robin Saul as Deputy Managing Director and Legal Counsel, as well three new Underwriting Managers, all with immediate effect. In her new role, Saul will be supporting Matthew Smith, Managin...
Posted: Apr 03, 2024
Ardonagh Advisory has completed its previously announced acquisition of Westfield Brokers Ltd. Established in 2009 by Managing Director Peter Cowan, Westfield Brokers, which trades under the name of Westfield Insurance, is an independent commercia...
Posted: Apr 03, 2024
Global reinsurer capital rose by approximately 17% to $670 billion in 2023, with growth of 17% in traditional reinsurance capital and 16% growth in alternative capital to a new all-time high, according to insurance and reinsurance broker Aon. The...
Posted: Apr 03, 2024
A 7.2 magnitude earthquake struck 18km south of Taiwan’s Hualien city at 8am local time today, driving the strongest tremors to have hit the country in the last 25 years, and given the region’s relatively high levels of insurance penet...
Posted: Apr 03, 2024
Lloyd’s global (re)insurer MS Amlin has appointed Sam Geddes as Head of Reinsurance, subject to regulatory approval. On top of his new responsibilities, which include leading MS Amlin’s extensive reinsurance teams, Geddes will also retain his exis...
Posted: Apr 03, 2024
Lloyd’s has appointed Malik Abbassi-Antoine as its General Representative for France and Monaco, and as its Country Manager for France, Luxembourg and Monaco, following the retirement of Guy-Antoine de La Rochefoucauld. Abbassi-Antoine has also be...
Posted: Apr 03, 2024
Specialty re/insurance provider Safety National Casualty Corporation has announced changes to the company’s executive and senior management structure, including Nick Kriegel appointment as Executive Vice President, Chief Innovation Officer, Genera...
Posted: Apr 03, 2024
American International Group, Inc. (AIG), a global insurer, has recently promoted Elie Oussi to the position of Senior Financial Lines Underwriter, FAC Reinsurance, GCC & North Africa (NA). In his new role, Oussi will collaborate with clients,...
Posted: Apr 03, 2024
Artex Risk Solutions has launched a new group captive designed to address risks for US transportation, trucking for hire, convenience store operators and petroleum marketers. According to the announcement, the group captive is a homogenous insuran...
Posted: Apr 03, 2024
Applied Underwriters has appointed Gregg Holtmeier as Vice President (VP) of Strategic Development, to collaborate with the company’s team in M&A, corporate alliances and partnership relationships. Holtmeier is an industry veteran with o...
Posted: Apr 03, 2024
Global reinsurance giant Swiss Re announced today that Andreas Berger is being promoted to become its new Group Chief Executive Officer, effective July 1st 2024, taking over that position from Christian Mumenthaler, who will step down after 25 yea...
Posted: Apr 03, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has agreed to acquire Garnet Captive Insurance Services, a provider of alternative risk consulting and brokerage services, including captive insurance program services. Foun...
Posted: Apr 03, 2024
Conifer Holdings, Inc., a specialty insurance holding company, has announced its partnership with Palomar Holdings, Inc., to provide specialised insurance coverage tailored for the cannabis industry. This coverage will be provided through Palomar...
Posted: Apr 03, 2024
Independent Management Ltd. (IML), a Bermuda-domiciled insurance management firm, has appointed Justin N. Doherty as its new President and Chief Executive Officer (CEO), succeeding Cyril H. Whitter, Jr. who is retiring. After over three decades, W...
Posted: Apr 02, 2024
S&P Global Ratings has said that although the Francis Scott Key Bridge collapse in Baltimore could cause the largest marine insurance losses recorded since Costa Concordia in 2012, it will be a manageable earnings event for the global reinsura...
Posted: Apr 02, 2024
Global specialty insurance firm Ascot has announced the establishment of a new parametric insurance capability to complement its Property offering. This enhanced capability will be led by Mark Pepper, Ascot Group Chief Underwriting Officer and sup...
Posted: Apr 02, 2024
Large European reinsurers posted very strong financial results for 2023, enabling them to bolster reserves and balance sheets and this will support ratings in 2024, according to analysis by Fitch Ratings. The ratings agency feels that Europe’...
Posted: Apr 02, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the addition of Marco Adamo and Roy Baumann to SRS Altitude as Senior Alternative Risk Transfer (ART) experts. Effective April 2, 2024, Adamo will lead Altitud...
Posted: Apr 02, 2024