Reinsurance News
Ventis, a newly launched Commercial and Residential real estate Managing General Agent (MGA), has officially commenced operations, aiming to provide tailored solutions for a diverse range of property profiles. Led by Gareth Roberts, formerly the h...
Posted: Jan 11, 2024
U.S. domiciled reinsurer for life and annuity, Somerset Reinsurance Ltd., has appointed Manisha Dias as its Head of New Business Development with immediate effect, based in Bermuda. Dias will be reporting to Jeff Burt, Somerset’s Chairman an...
Posted: Jan 11, 2024
London headquartered provider of pricing decision intelligence (PDI) software, hyperexponential, has closed its $73 million Series B funding round, which will support its expansion into the U.S., and greater investment in new product capabilities...
Posted: Jan 11, 2024
Data from the Florida Office of Insurance Regulation (OIR) suggests that the introduction of legislation and reforms designed to curb excessive litigation associated with the use of Assignment of Benefits (AOB), and ultimately stabilise the state&...
Posted: Jan 11, 2024
The US Property and Casualty (P&C) insurance industry is poised for a robust year in 2024, as indicated by a recent report from the Swiss Re Institute. The industry enters the new year with strong momentum, following a period where profitabili...
Posted: Jan 11, 2024
CCR RE, the French reinsurance company, has promoted Georges Guzman to Life underwriter for Latin America and Spain, further strengthening it’s underwriting team. He joined the firm in 2016, and has since been a senior analyst in natural cat...
Posted: Jan 11, 2024
DeNexus, a provider of cyber risk modeling for industrial networks, has strengthened it’s leadership team with the appointment of Luis Javier Sahuquillo as Chief Financial Officer (CFO). He brings a deep level of financial expertise and stra...
Posted: Jan 11, 2024
Berkshire Hathaway Specialty Insurance (BHSI), the property & casualty insurer, has appointed Kelly Perry to the newly created position of Vice President, Head of Underwriting Support for the firm’s Surety business. Perry, based in Atlan...
Posted: Jan 11, 2024
Assured Guaranty (Europe) SA (AGE), an indirect subsidiary of Assured Guaranty Ltd., has announced the successful guarantee of a €93.7 million loan to Metro de Madrid, S.A. The 20-year, floating-rate loan, provided by Bankinter, S.A., will facilit...
Posted: Jan 11, 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC’s share in managing general agency (MGA) Falcon Risk Holdings LLC. Falcon Risk was established by Chief Exe...
Posted: Jan 10, 2024
AXA XL has strengthened its U.S. Mid-Market insurance business, extending its multi-line insurance offering to mid-size construction businesses with the addition of John Schwirtz as Head of Construction, US Mid-Market. Schwirtz joins AXA XL from L...
Posted: Jan 10, 2024
iSwiss Financial Group has announced that the United Arab Emirates has granted the group’s new company, iSwiss Reinsurance, a licence to operate in the country’s reinsurance market, from where it will also offer its services globally....
Posted: Jan 10, 2024
Generali has signed an agreement to acquire the remaining 51% stake in Generali China Insurance Company Limited (GCI), making it the sole owner of the property and casualty insurance business in China. The deal, valued at approximately €99 million...
Posted: Jan 10, 2024
Global insurance group Howden, has announced that Alfred Sham has stepped up to the position of interim CEO, Hong Kong, as Mark Johnson will be stepping down from the role. Howden has confirmed that Johnson will remain with the firm to ensure an o...
Posted: Jan 10, 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and...
Posted: Jan 10, 2024
A new report from Lloyd’s, the global insurance and reinsurance marketplace, in collaboration with WTW, delves into the challenges and opportunities facing the global transport and logistics industry. Titled On the move: Rethinking transport...
Posted: Jan 10, 2024
Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly “bolster Ardonagh’s presence in the mid and high net worth market.” Hoxton Risk Services is Ardonagh Advisory’s l...
Posted: Jan 10, 2024
Fitch Ratings has disclosed that insured losses from the earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are “likely to be small”, with “no major impact” on Japanese non-life i...
Posted: Jan 10, 2024
Verisk, the global data analytics and technology provider, has announced that both Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January...
Posted: Jan 10, 2024
The risk landscape is said to be evolving in response to developments being seen within major areas such as, artificial intelligence (AI), climate change, geopolitics, and more, according to research published by analytics and consulting firm, Lan...
Posted: Jan 10, 2024
Placing Platform Limited (PPL) and Artificial Labs have signed a multi-year partnership agreement, which will see both firms working together to accelerate delivery of a fully integrated digital trading experience. The joint endeavour radically ad...
Posted: Jan 10, 2024
It’s been reported that pharmaceutical giant Merck & Co. Inc. and its insurers have reached an agreement over the $1.4 billion in losses Merck alleged it suffered from the NotPetya cyberattack in 2017. Bloomberg Law reported last week th...
Posted: Jan 10, 2024
Gallagher Securities, the specialised Insurance-Linked Securities (ILS) and capital markets arm of reinsurance giant Gallagher Re, has secured approvals from the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Marke...
Posted: Jan 10, 2024
Florida property insurer American Coastal, formerly known as United Insurance Holdings, successfully renewed its all other perils catastrophe excess of loss agreement at the 1.1 2024 renewal, providing the firm with up to $100 million in limit exc...
Posted: Jan 10, 2024
Claims stemming from two named storms and widely poor weather conditions in the UK over Christmas and the New Year will maintain pressure on non-life insurers’ profitability, though losses will “likely be manageable” according to AM Be...
Posted: Jan 10, 2024