Reinsurance News
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
Bermuda-based AXIS Capital Holdings Limited has named Anna Tan as the new leader of its Primary & Excess Wholesale Casualty teams as they look to advance their business objectives. As Head of Wholesale Casualty, Tan will play a key role in boo...
Posted: Jan 10, 2024
Lockton Re, the reinsurance business of independent insurance broker, Lockton, has announced that Jacqueline Yeo has joined the firm as Cyber Analytics Lead, while Annie Terry has joined as a Broker, dedicated to Cyber risk. Yeo holds two and a ha...
Posted: Jan 10, 2024
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has appointed Mike Cueman to the newly created role as Head of Construction, for its United States market, reporting to Steve Cross, Global Head of...
Posted: Jan 10, 2024
In the third quarter of 2023, the domestic Property and Casualty (P&C) insurance industry demonstrated robust growth, with direct written premiums expanding by 9.8%, according to a KBW report. This growth surpassed the pace of the previous qua...
Posted: Jan 10, 2024
International law firm Conyers has promoted Sophia Greaves to the role of Head of Insurance and Reinsurance within the firm’s Bermuda corporate practice. She will succeed Charles Collis, and is the first female lawyer in her new role. Greaves join...
Posted: Jan 10, 2024
European boutique Managing General Agent (MGA), Alta Signa Europe B.V., has unveiled an enhanced underwriting structure, marking a significant development in its approach to managing various business lines. The company, which currently operates in...
Posted: Jan 10, 2024
Global catastrophe modeling company, KatRisk, has announced the appointment of Jeffrey Chen as its new Chief Executive Officer (CEO), based out of San Francisco. Chen is a market veteran with more than two decades of experience in the industry, se...
Posted: Jan 10, 2024
In the Plane Talking Q4 2023 report authored by Philip Stafford, Senior Partner, Aerospace at Gallagher Specialty, insights into the General Aviation (GA) sector’s performance during the fourth quarter of 2023 were explored, shedding light o...
Posted: Jan 09, 2024
Aegis Financial Lines (AFL), a division of Aegis General Insurance Agency, in partnership with its sister company, K2 Financial, has achieved approval of their official coverholder status with Lloyd’s, the global insurance and reinsurance marketpl...
Posted: Jan 09, 2024
The reinsurance division of Everest Group, Everest Reinsurance, has established a dedicated Global Specialties business, bringing the division’s expertise and offerings across Aviation, Marine, Cyber, Engineering, and Parametric Solutions un...
Posted: Jan 09, 2024
Intact Insurance Specialty Solutions, the U.S. insurance subsidiary of Intact Financial Corporation, has launched a fresh identity for its Excess and Surplus (E&S) builders risk segment – Striior Insurance Solutions. Formerly known as Highland...
Posted: Jan 09, 2024
WTW, the global advisory, broking, and solutions company, has appointed Despina Buganski as the Head of Personal Lines for Corporate Risk & Broking, North America (CRB NA). Buganski, who previously held the position of Chief Operating Officer...
Posted: Jan 09, 2024
Bermuda-based reinsurer PartnerRe has announced that Philippe Meyenhofer will become its new Chief Executive Officer (CEO) when Jacques Bonneau retires from the company later this year, with Jon Colello set to assume the additional role of Preside...
Posted: Jan 09, 2024
As a new entrant in the UK market, Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), recognises that there is an “underserved market in the UK”, with the company having identified a way to serve this...
Posted: Jan 09, 2024
Lockton, the independent insurance broker, has bolstered it’s Transaction Liability team by hiring Drew Hermiller and Eileen Kuo as Senior Vice Presidents within the division, with a focus on tax insurance. They both join the broker, followi...
Posted: Jan 09, 2024
Specialty and P&C re/insurer Canopius Group has appointed Uwe Schoberth as Head of Distribution, U.S. and Bermuda, and Matthew Crane as Head of UK Distribution. The appointments are effective immediately, with Schoberth set to join the Canopiu...
Posted: Jan 09, 2024
Connecticut-based private equity firm Stone Point Capital has invested in ClearPoint Health to “enable more affordable health insurance benefits for small and mid-sized employers.” ClearPoint is a medical stop-loss captive platform for...
Posted: Jan 09, 2024
Liberty Mutual Insurance Global Risk Solutions has bolstered it’s Cyber insurance team by appointing Elisabeth Case as Global Product Manager, Cyber. She joins the firm following a 16 year tenure at Marsh, where she most recently served as a...
Posted: Jan 09, 2024
RSA Insurance’s UK Specialty Lines business and Brit Ltd have joined forces to unveil ‘BUILD,’ a Project Cargo consortium that stands as one of the largest in the global cargo market. Open for business, this consortium offers a g...
Posted: Jan 09, 2024
CFC, the global specialist insurance provider, has appointed AXIS Insurance’s Dan Trueman as Chief Underwriting Officer (CUO). At the same time, CFC has also confirmed, that current CUO Andy Holmes will be assuming the role of Chief Executiv...
Posted: Jan 09, 2024
Gallagher Re has announced the appointment of Steve Robson as its new Chief Claims Officer. Robson, who previously held the position of Global Head of Claims at Gallagher Re, brings a wealth of experience to his new role. In his former capacity, h...
Posted: Jan 09, 2024
Global professional services firm Aon has appointed Jane Kielty as UK Chief Executive Officer. Kielty first joined Aon in 2005, becoming the firm’s Chief Commercial Officer in 2021, and later progressing to be head of Commercial Risk UK. Aon...
Posted: Jan 09, 2024
According to a new report from Munich Re, thunderstorms in North America and Europe in 2023 were “more destructive than ever before”, driving overall losses of $76 billion, and insured losses of $58 billion. The reinsurer observed that...
Posted: Jan 09, 2024
Reinsurance broker Guy Carpenter has reported that at the January 1st, 2024, reinsurance renewal, its Global Property Catastrophe Rate on Line Index (ROL) increased by 5.4% when compared with the prior year. Although this 5.4% increase is a steep...
Posted: Jan 09, 2024