Reinsurance News
Carrot General Insurance, a South Korean digital insurance company, has partnered with Lippo General Insurance (LGI), Indonesia to develop a Behaviour Based Insurance (BBI) solution. Drawing on its extensive data capabilities and experience, Carro...
Posted: Mar 20, 2024
Property and casualty insurer, The Hartford, has named Matthew Massaro head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. Massaro has been with the insurer for more than 25 years, most recently servi...
Posted: Mar 20, 2024
Independent specialist re/insurance broker, BMS, has hired Daniel Leahy as cyber practice divisional director, where he will be based in London. BMS has confirmed that Leahy will co-lead the company’s cyber practice alongside fellow divisio...
Posted: Mar 20, 2024
Fidelis MGU, which will rebrand to “The Fidelis Partnership” on the 28th of March, has revealed gross written premium (GWP) grew by 19% to $3.6 billion in 2023, including 39% growth in its Specialty portfolio. According to the firm, GW...
Posted: Mar 20, 2024
The Ardonagh Group has agreed to acquire Mediass, an independent Italian insurance broker. Based in Pescara and founded in 1996, Mediass serves more than 120,000 customers, providing insurance broker services to public enterprises, SMEs, large cor...
Posted: Mar 20, 2024
United Risk has recently launched Applied Credit Underwriters, a new division dedicated to managing global risks associated with credit, contracts, and politics. Leading this division is industry veteran Bernie de Haldevang, who steps into the rol...
Posted: Mar 20, 2024
In its preliminary, unaudited results for the full year 2023, VIG Re has reported that gross written premiums grew by 13.7% to €900.7 million, driven by significant growth of the non-life treaty business across all segments. At the same time, VIG...
Posted: Mar 20, 2024
Analysts at Moody’s Investors Service provide insights into the Solvency II review, highlighting amendments intended to enhance solvency ratios and free up some capital. These modifications to Solvency II were enacted by EU authorities in December...
Posted: Mar 20, 2024
Spire Global, an international provider of space-based data and analytics, has partnered with NVIDIA to enhance AI-driven weather prediction, aiming to improve forecasting accuracy and mitigate the impact of extreme weather events. Michael Eilts,...
Posted: Mar 20, 2024
Managing general agent (MGA) Specialty MGA UK continues to expand its presence in Latin America with the hire of Humberto Contasta as Head of Treaty, Latin America and the Caribbean. In his new role, based in Miami, Contasta will use his more than...
Posted: Mar 20, 2024
Swiss Re Institute has revealed insights into the inflation trends within the Euro area, anticipating a return to the 2% mark, consistent with expectations of economic normalisation. According to a recent analysis, authored by By Timothy Mallor, P...
Posted: Mar 20, 2024
American multinational financial services company, Corebridge Financial, Inc., has announced that its Board of Directors elected Deborah Leone as an Independent Director on March 5th, 2024. Peter Zaffino, Chairman of the Board of Directors, Corebr...
Posted: Mar 20, 2024
According to rating agency AM Best, the strong pricing levels for reinsurance capital was one factor that helped generate a record-breaking year for the insurance-linked securities (ILS) market in 2023. Throughout last year, reinsurance pricing ro...
Posted: Mar 19, 2024
Sompo has appointed Richard “Rick” Allen as Chief Underwriting Officer for its Global Markets Commercial P&C insurance business. In the new role, Allen will reportedly work closely with the commercial P&C insurance chief underwriting offic...
Posted: Mar 19, 2024
MS Amlin, the Lloyd’s global insurer and reinsurer, has announced that Martin Burke has been appointed as Chief Underwriting Officer (CUO) on a permanent basis. Burke took up the role as interim CUO in October last year, having previously se...
Posted: Mar 19, 2024
London and International Insurance Brokers’ Association (LIIBA), the representative body for London market insurance brokers, has confirmed with its members that the Financial Conduct Authority’s (FCA) conduct rules do not apply to distribution se...
Posted: Mar 19, 2024
Risk Strategies, an international specialty insurance brokerage and risk management firm, has acquired Hugh Wood Inc. (US) and Hugh Wood Canada Limited, the US and Canadian operating entities of global insurance holding company, H.W. International...
Posted: Mar 19, 2024
Global re/insurance broker Aon has promoted Erich Lowe to the role of Property Leader for Greater New York, effective immediately. Lowe will report to Brian Simons, Eastern & Southern Region Property Leader and Managing Director for Aon. Simon...
Posted: Mar 19, 2024
Re/insurer ratings across Europe, the Middle East and Africa (EMEA) have begun to stabilise following difficult market conditions in 2022, according to credit ratings agency AM Best. In a recent report released by the firm, Best notes that despite...
Posted: Mar 19, 2024
Independent insurance broker Lockton has strengthened its business growth in the Indian market with the appointment of three new members, Mukul Bhatia, Irfan Shirwani, and Prasanna Hunur. Bhatia, who has over two decades of experience in insurance...
Posted: Mar 19, 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, and the United Nations Capital Development Fund (UNCDF) are set to run parametric insurance training in climate vulnerable countries. According to the announcement, Lloyd’s h...
Posted: Mar 19, 2024
Business leaders in the financial services sector feel optimistic about business growth for the second quarter of 2024 (April-June), with 79% of insurance executives citing confidence about the coming quarter. Research from KPMG UK revealed that 8...
Posted: Mar 19, 2024
Specialist insurance provider CFC has announced its entry into the carbon insurance market with the launch of a “groundbreaking” new product. CFC’s new Carbon Delivery Insurance is reportedly the first to cover both the physical and po...
Posted: Mar 19, 2024
Digital risk processing platform, Cytora has expanded its global advisory with the appointment of Emmanuel Clarke, the former President and Chief Executive Officer (CEO) of Bermuda-based reinsurer PartnerRe. Clarke is an industry veteran with lead...
Posted: Mar 19, 2024
A recent survey commissioned by Cowbell has revealed that the UK’s small and medium-sized enterprises (SMEs) lack implementation of best practice cybercrime protocols and are severely unprepared to react to an incident, with only 19% having...
Posted: Mar 19, 2024