Reinsurance News
Lloyd’s CFO Burkhard Keese has noted that despite stellar underwriting conditions in 2023, very little fresh capital flowed into the insurance market, with many promising capital-raising initiatives having to be abandoned, highlighting the need fo...
Posted: Mar 14, 2024
Cyber insurance provider At-Bay has announced the appointment of Martina Trucco as its Chief Marketing Officer. Trucco brings nearly two decades of strategic brand, product marketing, and communications experience to her new role. She joined At-Ba...
Posted: Mar 14, 2024
AXA Climate, the climate risk insurance broker, has strategically partnered with Reask, a provider of climate risk modeling solutions, to leverage its Metryc product to offer advanced parametric windstorm insurance solutions. The partnership lever...
Posted: Mar 14, 2024
Oneglobal, the independent Lloyd’s broker backed by JC Flowers, has over 90% of its UK teams now placing business through the Whitespace platform, the fully digital e-trading platform. Whitespace is owned by Verisk, an important technology p...
Posted: Mar 14, 2024
Maiden Holdings Ltd., has posted it’s results for the fourth quarter of 2023, which includes a net loss of $20.8 million, compared to a net income of $36.2 million from the prior year period. The firm posted lower underwriting loss of $21.1...
Posted: Mar 14, 2024
Fitch Ratings raises its baseline assumption for German insured catastrophe losses as it forecasts a 99% net combined ratio for 2023 and 2024 for the non-life sector in the country, the worst in recent times. Yet the sector outlook remains neutral...
Posted: Mar 14, 2024
Vienna Insurance Group, an insurer in the Central and Eastern European region, has reported double-digit premium growth and a solid increase in profit during a particularly successful financial year 2023. Gross written premiums (GPW) hit €13.8 bil...
Posted: Mar 14, 2024
African Risk Capacity (ARC) Limited has announced the appointment of two new non-executive directors to its Board, Susan Kasinga and Helen Amarquaye, who bring specialised technical experience in finance and insurance with them. With over three de...
Posted: Mar 13, 2024
Global Indemnity Group, LLC (GBLI) has posted its results for the full-year 2023, which includes a substantial performance in net income, as it reached $25.0 million compared to a net loss of $1.3 million for the corresponding period in 2022. At t...
Posted: Mar 13, 2024
Ageas has submitted an improved possible offer to the Board of Directors of Direct Line to acquire the entire issued and to be issued share capital of the insurer, but the company’s Board has again rejected the offer and expressed confidence...
Posted: Mar 13, 2024
A new initiative has been set up which aims to help improve the availability of insurance for higher-risk buildings awaiting work to fix fire safety issues. The Fire Safety Reinsurance Facility will help to increase insurance market competition to...
Posted: Mar 13, 2024
AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS, has released its 2023 financial results, reporting an improved combined ratio of 79.4% and a 112% profit increase. For the year ending 31 December 2023, the Syndicate’s combined ratio im...
Posted: Mar 13, 2024
Bermuda-domiciled international legacy firm Compre has promoted Zameer (Zam) Mitha to the newly created role of group commercial director within its business development function. Mitha has more than 20 years of experience in various leadership ro...
Posted: Mar 13, 2024
ICEYE, a provider of natural catastrophe solutions and insights, has increased its capabilities with the introduction of its Dwell Fine imaging mode, which builds on the release of Spot Fine, launched last year. Dwell Fine is unique in commercial...
Posted: Mar 13, 2024
EY has appointed Alistair Brannan as its UK Head of Life and Pensions. In addition to his new role, he will also join the organisation’s UK insurance leadership team and remains Client and Markets Leader for EY’s financial services business...
Posted: Mar 13, 2024
Nord Stream is reportedly in pursuit of more than €400 million from UK insurance companies, including Lloyd’s of London, for refusing to cover the 2022 explosions that ruptured pipelines designed to transport Russian gas to Germany. The Swit...
Posted: Mar 13, 2024
Arch Reinsurance Group has announced the promotion of three senior executives, Jerome Halgan, Vanessa Hardy Pickering and Lester Pun, all effective April 1, 2024. Halgan, who has been with the company since 2009, will be taking over the role of Pr...
Posted: Mar 13, 2024
DeNexus, a provider of cyber risk modelling solutions, has recently appointed industry veteran Rosa Kariger to its Board of Directors, strengthening the company’s commitment to bridging the gap between enterprises managing risk and insurers...
Posted: Mar 13, 2024
Marsh Specialty’s 2024 Political Risk Report has highlighted how long-term uncertainty is stemming from macroeconomic competition and geopolitical insecurity, which is set to create even greater economic divergence between sectors and econom...
Posted: Mar 13, 2024
DWF, a provider of integrated legal and business services, is expanding its global insurance practice with the appointment of disease and casualty expert David Wynn as a new Partner. Taking over the role of Head of Casualty, Wynn will be based at...
Posted: Mar 13, 2024
HDI Global Specialty SE – Australia (HDI) has hired Paula Ritchie as Head of Single Risk – Australia and New Zealand, effective March 11, 2024. She joins the organisation with over 25 years of industry experience. She joins HDI followi...
Posted: Mar 13, 2024
Brit Ltd has launched Brit Cyber First50, a new $50m Primary Brit-led and managed Lloyd’s Consortium developed to improve the efficiency of cyber placement for large institutional clients with revenues of $10 billion or more. According to the firm...
Posted: Mar 13, 2024
Swiss Re has confirmed that at its 2024 Annual General Meeting of shareholders (AGM), its Board will propose to re-elect Jacques de Vaucleroy as a member of the Board of Directors and elect him as the new Chairman of the Board of Directors for a o...
Posted: Mar 13, 2024
International General Insurance Holdings Ltd. (IGI) has reported a 10.3 percentage point improvement in its combined ratio for Q4 2023 to 81.8% and growth in underwriting income to $43.5 million, as net income increased to $33 million in the perio...
Posted: Mar 13, 2024
As part of its digital transformation journey, property and casualty insurer Encova Insurance has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business and simplify its IT operations. Encova, a Guidewire customer since 20...
Posted: Mar 13, 2024