Reinsurance News
Virginia-domiciled, property and casualty insurance broker, The Hilb Group, has appointed Amanda Harm as Vice President (VP), Carrier Relations and Insurance Strategy, reporting to Jason Angus, Hilb Group Chief Operating Officer (COO). Angus comme...
Posted: Jan 19, 2024
Italian insurer Generali has successfully concluded the placement of its sixth and seventh green bonds, two new Euro denominated senior bonds due respectively in January 2029 and in January 2034. Following this transaction, the insurer has issued...
Posted: Jan 18, 2024
Rainbow, the digitally-enabled managing general underwriter, has raised $12 million in seed funding with participation from Arch Capital Group Ltd., Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, and Habitat Partners. Th...
Posted: Jan 18, 2024
US primary insurer Allstate has reported that it continued to make progress on its plan to improve profitability in 2023, with rate increases in its auto insurance and homeowners insurance lines that resulted in premium impacts of 16.4% and 11.3%,...
Posted: Jan 18, 2024
Howden Reinsurance Broker’s Head of Iberia, Alex Ramírez has left the organisation and joined Hispania (Grupo Concentra) as Head of Reinsurance & OM Business, as first reported by Spanish publication Inese. The Concentra Group is a membe...
Posted: Jan 18, 2024
Financial services firm Truist Financial Corporation has reported insurance income of $813 million in the fourth quarter of 2023, compared with $766 million in Q4’22. The company attributed its improved insurance income to organic growth. Or...
Posted: Jan 18, 2024
Global specialty re/insurer Canopius Group has appointed Robert Barnum as Underwriter – Professional Lines, Australia, & Asia-Pacific, based in Sydney. This appointment underscores Canopius’ commitment to the ongoing expansion of i...
Posted: Jan 18, 2024
Speaking in an interview with CNBC at the 2024 World Economic Forum in Davos, Christian Mumenthaler, CEO of Swiss Re, observed that despite geopolitics “trumping everything right now” in terms of global focus, there is no hesitation fr...
Posted: Jan 18, 2024
Cayman islands-based reinsurer Topsail Re has announced the appointment of Megan Burik to the role of Actuarial Analyst. Joining form Farmers Insurance, Burik brings over six years of analytical experience to her new role. During her time at Farme...
Posted: Jan 18, 2024
Ebix Europe, the London-based technology specialist, released it’s electronic placing solution, PlacingHub, earlier this month, which has been developed by the London market’s most experienced digital placement experts, attracting interest f...
Posted: Jan 18, 2024
Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, earlier this month, which has been developed by the London market’s most experienced digital placement experts, attracting interest from maj...
Posted: Jan 18, 2024
In a speech at this year’s World Economic Forum in Davos, Rafal Modrzewski, CEO and Co-Founder of ICEYE, emphasised the pivotal role of satellite technology in rebuilding trust and addressing key global challenges, particularly in the realm...
Posted: Jan 18, 2024
Property and casualty insurer Harford Mutual Insurance Group has expanded its national footprint after the successful merger of Clearpath Specialty, formerly known as ClearPath Mutual Insurance Company, into the Group. The merger officially took e...
Posted: Jan 18, 2024
Markel, the insurance operation within Markel Group Inc., has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe. According to the insurer, his hire is a strategic move that will accelerate growth across M...
Posted: Jan 18, 2024
Independent managing general agency and program manager, Tangram Insurance Services, Inc., has acquired Preferred Reinsurance Intermediaries, marking its expansion into the reinsurance brokerage market. Founded in 1983, Preferred Re is a reinsuran...
Posted: Jan 18, 2024
According to PwC’s 27th Annual Global CEO Survey, the proportion of CEOs concerned about their long-term business viability has risen to 45% as tech and climate pressures accelerate. PwC’s survey reportedly interviewed 4,702 CEOs across 105...
Posted: Jan 18, 2024
Property & casualty (P&C) insurer, Skyward Specialty, has hired both Regina Williams and Sandi McIntosh from Intact Specialty Solutions to launch a new media liability offering focused on multimedia, film and ad agency businesses. Based in...
Posted: Jan 18, 2024
Specialty lines insurer, HDI Global Specialty (HDI) has hired experienced underwriter Frank Mowinski, entering the Jewellers Block insurance market in Sweden. HDI already offers Jewellers Block in The Netherlands, Denmark and Germany. Mowinski joi...
Posted: Jan 18, 2024
Financial services M&A activity in the UK saw a 9% fall in 2023, with 273 deals recorded in the year compared to 301 deals in 2022, according to EY’s latest financial services M&A analysis. Additionally, the report found that the total dis...
Posted: Jan 18, 2024
H.W. Kaufman Group has announced it is making a strategic investment in CARE Insurance Brokers, an insurance and risk management organisation based in Dubai, whereupon regulatory approval, the company will be rebranded as Burns & Wilcox UAE, m...
Posted: Jan 18, 2024
In response to the increasing costs and risks associated with catastrophic events, there is a notable surge in legislative efforts at both the Federal and State levels, according to Goldman Sachs. Notably, California Representative Adam Schiff has...
Posted: Jan 18, 2024
U.S. insurance brokerage, Alliant Insurance Services, has appointed Greg Zimmer as its new Chief Executive Officer (CEO), taking over from Tom Corbett, who will transition to the firm’s Executive Chairman. Corbett joined Alliant in 1977, and...
Posted: Jan 18, 2024
Global fintech company, Acrisure, has launched the company’s Mid-Atlantic Region encompassing its businesses in Pennsylvania, Delaware, Maryland, Virginia and West Virginia. According to the announcement, as with all other platforms announced in 2...
Posted: Jan 18, 2024
Insurance brokerage platform, Keystone Agency Partners (KAP), has amended and upsized its existing debt facility by securing an additional $330 million of financing, led by Apogem Capital, which was significantly over-subscribed and jointly arrang...
Posted: Jan 18, 2024
Goosehead Insurance, Inc., an independent personal lines insurance agency, has appointed David Lakamp as its Chief Service Officer. Lakamp brings over 14 years of extensive experience in the insurance industry, coupled with 11 years of distinguish...
Posted: Jan 18, 2024