Reinsurance News
Arturo, a property specialist offering AI-based solutions to insurers, is strengthening its leadership team with the addition of Donnie Millar as Vice President of Data Science and AI, and Thom Keyes as Vice President of Finance. Bringing extensiv...
Posted: Mar 08, 2024
Safepoint Group’s newest reciprocal exchange, Manatee Insurance Exchange (Manatee), has been assigned a Financial Stability Rating of ‘A’, Exceptional, by Demotech, Inc. Manatee was formed to focus on providing insurance solution...
Posted: Mar 08, 2024
Inszone Insurance Services, a provider of commercial, personal, and benefits insurance, has announced the appointment of Martin Sullivan as Non-Executive Chairman of the Board, effective immediately. With an extensive background in the financial s...
Posted: Mar 08, 2024
The Insurance Council of Australia (ICA) has revealed that claims for the severe thunderstorms that impacted Victoria on Valentine’s Day have risen to 19,932, with an estimated cost to the industry so far of $104 million. According to the ICA, aro...
Posted: Mar 08, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Jan Bachmann as the Chief Underwriting Officer (CUO) at SRS Altitude, a subsidiary of SRS. His new role will commence on April 1st. In this...
Posted: Mar 08, 2024
Bermuda re/insurer Hamilton Insurance Group, Ltd. has announced the addition of Dr. Therese Vaughan and Neil Patterson to the company’s Board of Directors, effective March 11, 2024. At the same time, Hamilton also announced that Pauline Richards,...
Posted: Mar 08, 2024
AM Best’s recent market segment report highlights how the cyber insurance sector has become a focal point of growth and risk within the property/casualty (P/C) industry. The report notes that although pricing for cyber insurance stabilised i...
Posted: Mar 08, 2024
Howden Tiger, the reinsurance broking arm of Howden, has appointed Karl Marshall as the Head of Advisory and Analytics, Asia Pacific (APAC), where he will work closely with the firm’s Strategic Advisory and Analytics team. His remit in the n...
Posted: Mar 08, 2024
In a recent announcement, MSIG Singapore, a subsidiary of MS&AD Insurance Group, revealed its decision to partner with Clearwater Analytics to enhance its investment data management, portfolio analytics, and reporting operations. Shane Akeroyd...
Posted: Mar 08, 2024
Kairos Risk Solutions, the Singapore-based boutique insurance solutions consultancy, has hired Jeffrey Khoo as the company’s Chief Executive Officer (CEO). He is a renowned figure across the sector, especially known for being an advocate for...
Posted: Mar 08, 2024
In efforts to help boost small and medium-sized enterprises (SMEs) resilience against climate change and other risks in Asia, Generali and United Nations Development Programme (UNDP) have launched a joint report detailing key risks and alternative...
Posted: Mar 08, 2024
DeNexus US users are to benefit from the firm’s newly launched DeRISK Executive Report, a solution that will automatically map cyber risk metrics to SEC requirements for annual reporting of cyber risk management and governance. The Executive...
Posted: Mar 08, 2024
In Keefe, Bruyette & Woods, Inc, (KBW) recent analysis of the 2024 Association of Insurance and Financial Analysts (AIFA) conference, they found that management teams across virtually all Property & Casualty (P&C) sub-sectors are appro...
Posted: Mar 07, 2024
Bhaskar Chattaraj has been promoted to the newly created position of Chief Science Officer (CSO) at Howden Tiger, the reinsurance and capital advisory arm of Howden Group. Based in Minneapolis, Chattaraj will report to Nathan Schwartz, Head of Glo...
Posted: Mar 07, 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) has announced numerous promotions within its European leadership team, with new roles for Sven Wehmeyer, Jodie Arkell, Hugh Brennan, and Ed Cruttenden. Wehmeyer previously held the position of Head of...
Posted: Mar 07, 2024
Speaking in an interview with Reinsurance News, Martin Hotz, Head Parametric Nat Cat, Swiss Re Corporate Solutions, suggested that the demand for parametric insurance will continue to rise in 2024, as “there is no fine print in a parametric...
Posted: Mar 07, 2024
Global re/insurance broker Aon, has acquired Humn.ai’s technology assets and intellectual property, in a move that is set to strengthen the firm’s commercial fleet proposition. According to Aon, this new capability will provide the com...
Posted: Mar 07, 2024
Aviva has released its 2023 Financial results, reporting a 9% growth in operating profit, to £1,467 million, and general insurance operating profit of £851 million, a 35% increase compared to the year prior. According to the insurer, the results f...
Posted: Mar 07, 2024
Concirrus, an AI insurtech company, has recently announced the launch of an updated market model that is expected to bring together the world’s largest pool of marine hull claims data. To ensure alignment with market best practices, Concirrus coll...
Posted: Mar 07, 2024
CLARA Analytics, the AI technology provider for insurance claims optimisation, has announced a remarkable 100% year-over-year growth in annual recurring revenue (ARR). This clearly cements CLARA’s position as a frontrunner within AI claims managem...
Posted: Mar 07, 2024
AM Best’s recent market segment report highlights the challenges faced by the U.S. property and casualty (P/C) sector in 2023, including severe weather-related losses, persistent inflation, and rising reinsurance prices, resulting in a net u...
Posted: Mar 07, 2024
Verisk, an insurance and analytics provider, has recently announced that Hastings Direct will now leverage its UKBuildings database to enhance its capabilities in assessing properties for insurance. UKBuildings is a comprehensive, property-specifi...
Posted: Mar 07, 2024
BLUECYBER, a managing general agent (MGA) specialising in cyber insurance, has secured a significant $1.5 million investment from venture capital firms Invisto and Bossa Invest, alongside support from investors within the insurance market. Eduardo...
Posted: Mar 07, 2024
Cyber risk management firm Resilience has announced it has added Technology Errors & Omissions (E&O) coverage to its existing cyber insurance and cyber risk management solutions. US organisations with $300M-$10B in revenue will benefit fro...
Posted: Mar 07, 2024
The Supervisory Board of Allianz SE has confirmed that it has extended the mandates of Allianz SE Board of Management members Sirma Boshnakova and Günther Thallinger, through December 2029, subject to customary regulatory approvals. Boshnakova, is...
Posted: Mar 07, 2024