Reinsurance News

Global brokerage firm WTW has reported 6% organic revenue growth for the fourth quarter of 2023 to $2.91 billion, while net income for the period rose by 5%, year-on-year, to $623 million. For the full year 2023, WTW achieved 8% organic revenue gr...

Posted: Feb 06, 2024

Zurich-based catastrophe insurance data provider PERILS AG has updated its insured property market loss estimate for the Kahramanmaras Earthquake Sequence to TRY 117.0 billion, which is approximately $6.2 billion at February 2023 exchange rates. T...

Posted: Feb 06, 2024

Marsh, the insurance broker and risk advising arm of Marsh McLennan, has appointed Lorraine Stack as the Risk Management Leader, Europe, effective immediately. Stack’s remit in the new role at Marsh will include responsibility for the portfo...

Posted: Feb 06, 2024

Algorithmic underwriting insurtech, Artificial Labs has raised £8 million in a Series A+ funding round that was led by Augmentum Fintech, with participation from existing investors MS&AD Ventures and FOMCAP IV. From what we understand, Artific...

Posted: Feb 06, 2024

Global re/insurance broker, Howden Group Holdings, has announced organic growth of 13%, and a 33% rise in revenue to £2.44 billion for the year ended September 30, 2023. Organic growth of 13% is lower than the previous year of 19%, while revenue i...

Posted: Feb 06, 2024

KatRisk LLC, a catastrophe modelling company founded in 2012, has appointed Roger Arnemann to its board of directors. Arnemann is currently an Executive in Residence at Scale Venture Partners, having previously served as General Manager of Guidewi...

Posted: Feb 06, 2024

RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. RiverStone first announced...

Posted: Feb 06, 2024

Specialist insurance broker Tysers has hired Jayees Ibrahim and Elias Nohra in Dubai to expand its Property & Casualty, Construction and Engineering services to clients in the Middle East and Africa (MEA) and Asia. Ibrahim joins Tysers from Ao...

Posted: Feb 06, 2024

Active cyber insurance provider Coalition, has announced the appointment of Laura Stewart as its first UK Claims Leader, a London-based role. “Coalition’s Active Insurance is a unique solution that helps clients before, during, and after a cyber e...

Posted: Feb 06, 2024

Global reinsurer SCOR saw a rise in estimated gross premium income (EGPI) of 13.6% for P&C business at the January 1st, 2024, reinsurance renewals, above the average Forward 2026 strategic plan assumptions. SCOR notes that in line with its For...

Posted: Feb 06, 2024

Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) has posted a 12% increase in revenue to VND2,990 billion (US$122.8 million) for the full-year 2023, representing a 3% increase from 2022, and a 35% increase in pre-tax profit to VND256 billion....

Posted: Feb 06, 2024

Global advisory, broking and solutions company WTW, has announced the appointment of Anthony Borgman to the newly created role of Head of Affinity Great Britain. This strategic move marks a significant step in the expansion of WTW’s Global A...

Posted: Feb 06, 2024

Gallagher Bassett, the provider of risk and claims management services and a wholly owned subsidiary of Arthur J. Gallagher & Co., has appointed Manan Sagar as Chief Executive Officer (CEO) in the UK. Most recently, Sagar was the Global Head o...

Posted: Feb 06, 2024

Kin, the digital, direct-to-consumer home insurance organisation, has announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm that is heavily focused on the sustainable, resilient transformation...

Posted: Feb 06, 2024

Ardonagh Advisory has grown its presence in Scotland with the acquisition of Glasgow-based Solutions Healthcare Ltd, a whole of market healthcare insurance broker, serving commercial clients and individuals across the UK. The business offers advic...

Posted: Feb 05, 2024

CCR Re, the French state-owned reinsurer, took advantage of “slightly tougher reinsurance rates” at the January renewals as the firm wrote almost €840 million of premiums, an increase of 11% year-on year. The January 1st, 2024, reinsur...

Posted: Feb 05, 2024

David Shalders is set to join global insurance and reinsurance broking group Howden as its new Chief Operating Officer (COO) once his contractual obligations to his current employer have been discharged. Shalders will join Howden as an executive m...

Posted: Feb 05, 2024

Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform. The fund aims to present an investment alternative to lon...

Posted: Feb 05, 2024

Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has appointed Didier Lechien as Head of Underwriting Performance and Reinsurance at Lloyd’s Europe, based in Brussels. “I’m happy to communicate that the scope of...

Posted: Feb 05, 2024

Aventum Group’s international insurance and reinsurance MGA, Rokstone, has appointed Travis Bowles, formerly of AXIS Capital, as its new Head of Claims. The MGA explains that this appointment supports its belief that a sophisticated and efficient...

Posted: Feb 05, 2024

Chicago-based insurer CNA Financial Corporation has published its financial results for the fourth quarter of 2023 reporting a net income of $367 million, a 54% increase compared to the $239 million in the prior year quarter. Net investment gains...

Posted: Feb 05, 2024

In uncertain times, trustworthiness comes from accurate, actionable, and timely data. And data-driven insights can power a forward-looking approach to accounting, according to executives at BlackRock®. Especially for insurers, data is key, as it a...

Posted: Feb 05, 2024

Independent re/insurance broker BMS has announced the appointment of Rob Neighbour as Divisional Director, BMS Energy, a London-based role and report to Alex Collier, Director of Energy at BMS. According to the announcement, Neighbour will take ov...

Posted: Feb 05, 2024

Selective Insurance has disclosed that it successfully renewed its property catastrophe reinsurance program effective January 1 2024, going to market with a $1.1 billion limit in excess of a $100 million retention, compared to its expiring $915 mi...

Posted: Feb 05, 2024

U.S. primary insurer The Hartford is “very pleased” with the placements and terms and conditions for its core per occurrence and aggregate reinsurance treaties the company renewed at the January 1, 2024, reinsurance renewals. Alongside...

Posted: Feb 05, 2024