Reinsurance News
The American Hospital Association has named the suspected ransomware attack on Change Healthcare, a unit of insurance giant UnitedHealth Group’s Optum division, as “the most significant and consequential incident of its kind against th...
Posted: Mar 15, 2024
Fundamental Global Inc., formerly known as FG Financial Group, Inc., has reported Q4 2023 net reinsurance premiums earned of $5.1 million, increasing from $3.2 million in Q4 2022, driven by the successful execution of its strategy to deploy capita...
Posted: Mar 15, 2024
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, and multinational technology organisation, CME, have developed a fully digital underwriting solution for the life insurance industry for the Middle East and North Africa (MENA) and E...
Posted: Mar 15, 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Marissa Moscowitz to the role of Chief Operating Officer (COO) Overall, Moscowitz brings over 15 years of industry expertise towards her new role. She has been with...
Posted: Mar 15, 2024
California’s regulatory restrictions are said to be putting financial pressure on insurers and contributing to limited availability of property insurance in high-risk markets, according to the Insurance Information Institute (Triple-I). An Issues...
Posted: Mar 15, 2024
Quotech, the developer of integrated technology solutions for underwriting and broking teams, recently launched a new exposure management platform, Quex, which according to the firm, resolves the frequent complaints users make about their old expo...
Posted: Mar 15, 2024
VIPR, a leading technology solutions provider in the delegated underwriting sector, has appointed Tony Russell as its Chief Revenue Officer. VIPR has reportedly brought on Russell to spearhead revenue growth and market expansion. As Chief Revenue...
Posted: Mar 15, 2024
bolttech, an international insurtech firm, recently announced its expansion into the Middle East through a new partnership with stc Group, a telecommunications company in the region. Rob Schimek, Group Chief Executive Officer at bolttech, expresse...
Posted: Mar 15, 2024
Bermuda-headquartered Hamilton Insurance Group, Ltd. has sponsored a new catastrophe bond, providing the firm with $200 million of retrocession from the capital markets to protect against U.S and territories named storm and North American earthqua...
Posted: Mar 15, 2024
Lockton Re Capital Markets (LRCM) has appointed Brendan Roche as Head of Distribution, where he will be based in Europe. Roche holds over 25 years of experience in the industry, having previously served as SVP at GC Securities, and an almost 14-ye...
Posted: Mar 15, 2024
California-domiciled privately held insurance company, ICW Group Insurance Companies, has promoted Paul Zamora to the role of Chief Underwriting Officer (CUO). Zamora’s remit in the role includes leading the company’s property and casualty multi-l...
Posted: Mar 15, 2024
Specialist carbon insurance company, Kita has agreed to provide advanced management of non-for-profit and UK-based carbon standard, OxCarbon’s buffer pool. Through its ‘Buffer as a Service’ product, Kita will reduce risk for OxCarbon by empl...
Posted: Mar 15, 2024
Earnix, a provider of AI-based SaaS solutions, has partnered with Sollers Consulting, a software integrator and operational advisor, to deliver cutting-edge solutions across the property and casualty (P&C) insurance market in the UK, US, Franc...
Posted: Mar 15, 2024
Pension scheme trustees for Debenhams have agreed to enter into a superfund deal with Clara-Pensions, a transaction that will see the transfer of £600 million of the former British retailer’s pension assets to Clara. When Debenhams collapsed...
Posted: Mar 15, 2024
H.W. Kaufman Group, a privately held global insurance organization, has appointed Jacqueline Legrand to its London Board of Directors. Legrand’s remit in the role will include assisting the company’s leadership in exploring other new regions...
Posted: Mar 15, 2024
Credit ratings agency AM Best has assigned Arch Group Reinsurance Ltd. (Bermuda) a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior). The outlook assigned to these ratings is stable. The ratings ag...
Posted: Mar 14, 2024
Legal & General Retirement America (LGRA) and Reinsurance Group of America (RGA) have partnered to complete a $700 million pension risk transfer (PRT) transaction with US-based FirstEnergy. The transaction will secure the retirement benefits o...
Posted: Mar 14, 2024
Markel, the insurance operation within Markel Group Inc., has promoted Oliver Atkin as Head of Bloodstock in London, effective immediately. He will report directly to Juliet Redfern, Divisional Managing Director of Equine and Livestock at Markel I...
Posted: Mar 14, 2024
Howden Tiger, the reinsurance and capital advisory arm of Howden Group, has announced that Carrie Byler has joined the company’s Global Casualty Division, taking on the role of Managing Director, Head of US General Casualty. Reporting to Global He...
Posted: Mar 14, 2024
Bloomberg Intelligence (BI) has said that a 360% rise in insured losses in the past three decades from the increased frequency and intensity of natural disasters is causing for insurers to “hike premiums and exit high-risk areas,”. At...
Posted: Mar 14, 2024
Bloomberg Intelligence (BI) has said that a 360% rise in insured losses in the past three decades from the increased frequency and intensity of natural disasters is causing insurers to “hike premiums and exit high-risk areas,”. At the...
Posted: Mar 14, 2024
The Lloyd’s insurance and reinsurance market and the Bermuda Monetary Authority (BMA) have committed to developing an initiative that will reportedly drive closer collaboration and alignment on sharing risk expertise between the two major (re)insu...
Posted: Mar 14, 2024
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has appointed Koen van Leuven as the Marine Broking Director, Marsh Netherlands. Based in Rotterdam, van Leuven is anticipated to join Marsh in the summer of 2024 and will re...
Posted: Mar 14, 2024
Cyber attack/data breaches have been identified as the top business risk for organisations across India, according to data from re/insurance broker Aon. The broker recently announced the results of its 2023 Global Risk Management Survey, which gat...
Posted: Mar 14, 2024
The Board of the Insurance Council of Australia (ICA) has appointed incoming Lloyd’s General Representative in Australia Tracey Bryan as a non-executive director. Bryan succeeds Chris Mackinnon, who joined the ICA Board in 2017. She will hold the...
Posted: Mar 14, 2024