Reinsurance News
QBE Europe has announced the appointment of Stephen Johnson as Head of Trading for the South East region, a newly created role, effective January 1, 2024. With over two decades of industry experience, Johnson will lead the regional underwriting te...
Posted: Jan 15, 2024
Ryan Specialty Holdings, Inc., the international specialty insurance firm, has announced the retirement of William J. Devers from the company’s Board of Directors, effective December 31st, 2023. Concurrently, Pat Ryan, Jr. has been appointed to Ry...
Posted: Jan 15, 2024
“Investors returning or entering reinsurance for the first time will find a stronger market following the 2023 industry reset, and a highly disciplined environment that will now present the opportunity for incumbents, returnees and providers...
Posted: Jan 15, 2024
HDI Global SE UK & Ireland (HDI) has appointed Kate Sutcliffe as Director of Property, UK & Ireland, effective January 15, 2024, who will take over the role from Jon Bartlett who retired at the end of last year. Reporting to Antonia Osborn...
Posted: Jan 15, 2024
Global insurance broker Lockton has expanded its People Solutions team in Norway with the addition of four new senior hires from Aon Norway. Effective immediately, Espen Rye Ellingsen, Espen Bjaarstad, Olav Botnen, and Fredrik Mietle Holmstøen hav...
Posted: Jan 15, 2024
Keystone Agency Partners (KAP), an insurance brokerage platform, has acquired LifeQuotes, Inc. as its latest Platform Partner, bringing the total number of partners in its portfolio to 20. Founded in 1984, LifeQuotes is a life insurance price com...
Posted: Jan 15, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Andrew Carter as Class Underwriter, Energy and Liability insurance. Carter joins Dale from Markel International, where he most re...
Posted: Jan 15, 2024
The Insurance Council of Australia (ICA) has reported that insurers have now received a total of 60,518 claims related to the Christmas and New Year storms which impacted Queensland, New South Wales and Victoria. Back in December, the ICA declared...
Posted: Jan 15, 2024
Resolution Life’s Bermudian reinsurance platform, Resolution Re, has executed a new reinsurance transaction in which it reinsured the market and longevity risks of around 90,000 policyholders – c.£2 billion ($2.5bn) of individual in-payment...
Posted: Jan 15, 2024
Coalition has announced the appointment of Mark Bird as the head of Coalition Incident Response UK Ltd. (CIR), the company’s affiliate incident response and cyber forensics organisation. Bird, a former Acting Sergeant in the police cybercrim...
Posted: Jan 15, 2024
The Swiss Re Institute has released an analysis on the ongoing downturn in China’s property market, asserting that the risk of a global financial contagion is contained. Despite persistent concerns surrounding the potential spillover effects...
Posted: Jan 15, 2024
Specialised asset management firm, Obra Capital, Inc., has completed the acquisition of Unified Life Insurance Company, a life and health insurance carrier with approximately 100,000 active policyholders and 49 associated licenses. Incorporating U...
Posted: Jan 15, 2024
AM Best, has maintained its stable outlook for Panama’s insurance industry, highlighting the sector’s consistent profitability in underwriting results and positive future prospects. Despite facing challenges from the macroeconomic envi...
Posted: Jan 15, 2024
In a strategic collaboration with DataPro, Whitespace, the fully digital e-trading platform and a Verisk company, has introduced “Whitespace for Desktop,” a new tool designed to enhance user interaction with the Whitespace platform thr...
Posted: Jan 15, 2024
Falvey Insurance Group, a specialty MGA, has appointed Brad Eldridge, formerly the Senior Vice President of Business Development, as its new Chief Relationship Officer. This appointment follows the retirement of Daryl Mackay, the former Chief Rela...
Posted: Jan 15, 2024
In a letter to Chief Executive Officers (CEOs), the Bank of England (BoE) has said that it continues to “pay close attention to the role of funded reinsurance in the UK life market,” amid continued growth in the country’s life in...
Posted: Jan 12, 2024
Dyad, a insurance software and services provider, announced the appointment of Jeff Wargin as Chief Product Officer (CPO). The announcement comes at a pivotal moment for Dyad, which recently unveiled its new brand on January 2, following a success...
Posted: Jan 12, 2024
Previsico, the live flood forecasting insurtech, has appointed Craig Deacon as its Chief Financial Officer (CFO). Most recently, Deacon served as the Vice President, Finance for Disguise Technologies. In his new role, Deacon takes on responsibilit...
Posted: Jan 12, 2024
Intact Financial Corporation, the Canadian property and casualty (P&C) insurer, has estimated total losses from catastrophe events in the fourth quarter of 2023 of approximately CAD $200 million, on a pre-tax basis and net of reinsurance, for...
Posted: Jan 12, 2024
Global re/insurer SCOR has signed a 15-year lease for around 50,000 sq. ft office space with Mitsubishi Estate London and Stanhope. SCOR will take up over two and a half floors at one of London’s most sought-after office buildings, 8 Bishopsgate....
Posted: Jan 12, 2024
In the past year, Chaucer, global specialty re/insurance firm, has observed a staggering 43 sovereign debt downgrades worldwide. The combination of soaring inflation and escalating global interest rates has sparked concerns about the ability of nu...
Posted: Jan 12, 2024
Insurer and reinsurer AXIS Capital Holdings Limited has announced the promotion of Conrad Brooks to Chief Administrative and Legal Officer, with Christina Gray-Trefry taking over as General Counsel. In Brooks’ expanded role, he assumes oversight o...
Posted: Jan 12, 2024
Florida’s Chief Financial Officer (CFO), Jimmy Patronis, has lauded the recent developments in the state’s insurance market, particularly with the approval of the acquisition of Trusted Resource Underwriters Exchange (TRUE). The move i...
Posted: Jan 12, 2024
In the ever-evolving landscape of European non-life insurance, Fitch Ratings predicts that the United Kingdom and Italy are poised to reap the greatest benefits from the anticipated surge in premium rates throughout 2024. The non-life insurance se...
Posted: Jan 12, 2024
US-domiciled cyber insurer, Cowbell, has promoted Caroline Thompson, formerly Senior Vice President, Underwriting, to Chief Underwriting Officer (CUO), and also named Sonja Kozel as the new Senior Vice President, Sales and Distribution. Thompson j...
Posted: Jan 12, 2024