Reinsurance News
Bermuda-based global specialty insurance firm Ascot Group has announced the appointment of Elizabeth Johnson as Group Chief Operating Officer (COO), effective immediately. Johnson brings to her new role extensive Property & Casualty industry e...
Posted: Jan 30, 2024
AXA PPP Healthcare Limited (AXA Health), the global life and health reinsurance firm, has entered into a reinsurance agreement with NextGen International Insurance (NextGen i.i) to introduce new International Private Medical Insurance (IPMI) solut...
Posted: Jan 30, 2024
The introduction of the first 144A cyber catastrophe bond transactions in the final quarter of last year was an important step in the development and advancement of the broader cyber risk transfer market, according to Damini Mago and Alice Woolley...
Posted: Jan 30, 2024
Zurich North America has announced key leadership changes in its Direct Markets and Crop businesses, with Jason Meador appointed Head of Direct Markets as Vince Santivasi retires. Santivasi is to stay on through April 5 to assist in Meador’s trans...
Posted: Jan 30, 2024
Insurtech firm BOXX Insurance, in partnership with AXA, has unveiled a cyber risk mitigation solution designed to offer vital support to small businesses. Recognising the pressing need for comprehensive protection against cyber threats for smaller...
Posted: Jan 30, 2024
Coalition, the Active Insurance provider, has announced it’s new Miscellaneous Professional Liability (MPL) Insurance coverage. According to the firm, this coverage helps protect against the impact of a claim that a organisation committed er...
Posted: Jan 30, 2024
Victor, a Marsh-owned specialty managing general underwriter (MGU), has announced the appointment of John (Jack) Sallada as President of Victor Access, the company’s wholesale brokerage. Sallada is taking over the role at the MGU following more th...
Posted: Jan 30, 2024
In a move to further strengthen its risk management capabilities in the UK, Howden has acquired AHR Consultants, a provider of human relations (HR), employment law, training and health & safety services. The AHR Consultants team provides a ran...
Posted: Jan 30, 2024
Following a difficult January reinsurance renewal season in 2023, it felt “like a much more normal renewal” this year with fewer surprises, but to ensure a sustainable balance in risk sharing, continued underwriting discipline is param...
Posted: Jan 30, 2024
Gemini Financial Holdings Corporation, the parent company of Olympus Insurance Company, the residential property insurer, has announced Dan Boxell as the new Chief Financial Officer (CFO) of Olympus. Tim Stroble, Chief Executive Officer, Olympus I...
Posted: Jan 30, 2024
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilit...
Posted: Jan 30, 2024
Independent insurance broker Lockton has announced that Sten Asmussen and Erik Ludvigsen will move from Lockton Denmark to Söderberg & Partners, a member of the Lockton Global Partnership Network. The transfer takes place with immediate effect...
Posted: Jan 30, 2024
Phoenix Merchant Partners, LP, an independent investment firm, has announced a number of new hires, including Julia Henderson’s as Managing Director, Insurance Solutions; as well as the closing of its first transaction, which finances non-catastro...
Posted: Jan 30, 2024
Beat Capital-backed Brace Underwriting Limited has announced the launch of Brace USA, naming Glenn Dorr as President and Head of Marketing, North America. Headquartered in North Carolina, Brace USA is set to “mirror the appetite” of it...
Posted: Jan 30, 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS...
Posted: Jan 30, 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm’s recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, t...
Posted: Jan 30, 2024
Canopius Group, a leading global specialty (re)insurer, has announced strategic appointments to bolster its Credit & Political Risk team in London and the Asia-Pacific (APAC) region. Angelos Deftereos joins as the Head of Structured Credit, br...
Posted: Jan 30, 2024
Cyber risk management provider Resilience has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. Resilience explained that the expanded authorities come after a strong year of growth whil...
Posted: Jan 30, 2024
In a recent interview, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, explained to Reinsurance News how the company is taking advantage of a capacity shortfall and leveraging advanced technology to bring...
Posted: Jan 30, 2024
The standardisation of environmental, social, and corporate governance (ESG) metrics across the re/insurance industry is key, as it would help insurers to make more informed decisions, according to Chaucer analysts. An industry-wide standard would...
Posted: Jan 30, 2024
Zurich North America has appointed Jason Meador, currently Head of Zurich’s crop insurance business, Rural Community Insurance Services (RCIS), to lead the Direct Markets business. The appointment is effective February 1st, 2024, and he will...
Posted: Jan 30, 2024
Reflecting on the 1/1 2024 renewals, AXA XL Reinsurance’s Chief Executive Officer (CEO), Renaud Guidée says that the market is “gradually progressing towards adequacy and normalising.” In a report posted by the organisation, he e...
Posted: Jan 29, 2024
Insurance Europe has reported that the region’s insurance industry, along with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula v...
Posted: Jan 29, 2024
Independent insurance company manager Strategic Risk Solutions (SRS), has announced the acquisition of Robus Group from The Ardonagh Group, subject to regulatory approval. Robus operates from Guernsey and Gibraltar and provides professional manage...
Posted: Jan 29, 2024
Florida-domiciled insurtech, HCI Group, Inc., along with its majority-owned subsidiary, TypTap Insurance Group, Inc., will be modifying its relationship with Centerbridge Partners L.P. as it eyes greater operational and capital flexibility to bett...
Posted: Jan 29, 2024