Reinsurance News
Southlake Specialty, part of Southlake Financial Holdings, a Texas-based group of fronting carriers, has agreed to acquire Nevada General Insurance Company from Western National Mutual Insurance Company. Nevada General Insurance Company is a Prope...
Posted: Feb 09, 2024
Global insurance provider RSA Insurance has strengthened its UK Specialty Lines business with the addition of two new underwriters, John Lawrence and Henry Henderson. UK Specialty Lines is part of Intact’s Global Specialty Lines, which offers inte...
Posted: Feb 09, 2024
Demand for parametric covers from corporates and public entities will continue to increase to provide quick liquidity after a disruptive event, address gaps in traditional insurance coverage, and cover non-traditional risks, according to Aon’...
Posted: Feb 09, 2024
ATL RE, a recently launched reinsurance broker aimed at serving the Latin America and Caribbean markets, has appointed Marcelo Podawacz as Director and Head of Property. Podawacz brings over three decades of extensive experience in the global insu...
Posted: Feb 09, 2024
Professional services firm Accenture has hired Matthew Madsen as a Managing Director within its Insurance practice. In the role, he will help deliver high-impact solutions for insurers, reinsurers and brokers to help them adopt transformative tech...
Posted: Feb 09, 2024
Professional services firm Accenture has hired Matthew Madsen as a Managing Director within its Insurance practice. In the role, he will help deliver high-impact solutions for insurers, reinsurers and brokers to help them adopt transformative tech...
Posted: Feb 09, 2024
Recent attacks on ships in the Red Sea and a drought plaguing the Panama Canal area have wreaked havoc on global shipping, leading to a more than quadruple increase in prices since late 2023, according to a report by Swiss Re. The report highlight...
Posted: Feb 09, 2024
Ascend, a financial operations automation platform, has named insurance and technology expert, Saima Shaukat, as the newest member of its Advisory Board. Shaukat joins with over two decades of experience in sales leadership and marketing strategy...
Posted: Feb 09, 2024
Bermuda-based Managing General Underwriter, Fidelis MGU, has promoted Kevin Adams to Head of US Treaty Production and Jason Shrubb to Head of US Reinsurance. Adams has been with the firm since January 2017, joining as a Senior Underwriter from rei...
Posted: Feb 09, 2024
AnaCap Financial Partners has announced that portfolio company MRH Trowe (MRHT), a German independent P&C commercial broker, has completed four bolt-on acquisitions in January. Acquired with effect from January 1, 2024, the companies involved...
Posted: Feb 09, 2024
Insurance management and reinsurance transform organisation, Nascent Group, has unveiled a new collateral monitoring feature to facilitate smoother and more transparent insurance-linked-securities (ILS) transactions to the benefit of fund managers...
Posted: Feb 09, 2024
Asta, in collaboration with its third-party managing agency at Lloyd’s, has announced the receipt of “in-principle” approval for an innovative syndicate-in-a-box (SIAB) aimed at revolutionising the insurance landscape for the biotech s...
Posted: Feb 09, 2024
AXA XL has appointed Anne Marie Elder to the newly created role of Global Chief Underwriting Officer, Specialty, effective April 1. Elder currently serves as AXA XL’s Global Chief Underwriting Officer, Marine, having joined the business in 2...
Posted: Feb 09, 2024
Japanese insurer Mitsui Sumitomo Insurance’s UK subsidiary, Mitsui Sumitomo Insurance Company (Europe), Limited (MSI EU), has appointed Martyn Rodden as Interim Chief Executive Officer (CEO), effective immediately. The appointment is subject to re...
Posted: Feb 09, 2024
In a comprehensive analysis of the global insurance landscape, Aon’s latest report for Q4 2023, led by Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, highlights resilience as the defining theme of the year. Despite economi...
Posted: Feb 08, 2024
Canadian financial holding company, Fairfax Financial Holdings Limited, has refuted claims in a recent report from Muddy Waters that the firm has “consistently manipulated asset values and income” by engaging in certain transactions, i...
Posted: Feb 08, 2024
Specialty re/insurance broker, McGill and Partners, has named Josef Heiler as a Partner in the Facultative Reinsurance team in Hannover, Germany, as it looks to strengthen its European presence. In his new role, Heiler will work with the McGill an...
Posted: Feb 08, 2024
Boost Insurance, an insurance infrastructure platform, has announced a significant milestone with the securing of over $130 million in new reinsurance capacity. This capital injection will fortify Boost’s position in supporting Managing Gene...
Posted: Feb 08, 2024
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Canopius US and Canopius Re, wholly owned subsidiaries of Canopius...
Posted: Feb 08, 2024
Brookfield Reinsurance reported a net income of $453 million in the fourth quarter of 2023, compared to a net income of $181 million for the prior year quarter. For the full-year 2023, Brookfield posted net income of $797 million, compared to $501...
Posted: Feb 08, 2024
Reinsurance brokerage firm Augment Risk has launched a dedicated insurance-linked-securities (ILS) division, led by newly appointed Thad Hall. The division is a big step forward in Augment’s commitment to innovation across the reinsurance br...
Posted: Feb 08, 2024
Nirvana, a UK-based specialty MGA, has appointed Andrea García-Beltrán to the newly-created position of Head of Cyber Europe. García-Beltrán, a seasoned veteran in cyber insurance, will assume her role in March. She brings a wealth of experience,...
Posted: Feb 08, 2024
CoreLogic, the global provider of property information, analytics, and data-enabled solutions, estimates that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more...
Posted: Feb 08, 2024
The Board of Directors of global insurer American International Group, Inc. (AIG) has elected John Inglis to serve as an Independent Director, effective March 1st, 2024. Inglis is a former National Cyber Director. He was also an advisor to the Pre...
Posted: Feb 08, 2024
AdvantageGo, a commercial re/insurance software provider and part of Coforge, has struck a strategic alliance with claims management system provider DOCOsoft. “DOCOsoft’s integrated claims management platform provides market-leading claims m...
Posted: Feb 08, 2024