Reinsurance News
Global asset management firm, GoldenTree Asset Management, has hired Charlie Fuller as Partner and Head of North American Insurance coverage, a newly created role, where he will be based in the firm’s New York office and will report to Kathy Suthe...
Posted: Dec 19, 2023
Allianz Life has partnered with Munich Re Automation Solutions to implement ALLFINANZ SPARK, a SaaS-based automated underwriting and analytics solution. Through this partnership, the pair will be extending the broader relationship between several...
Posted: Dec 19, 2023
Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Ellen Yong as its Chief Operating and Financial Officer, based out of Singapore. SEADRIF provides catastrophe risk insurance coverage to participating ASEAN countries...
Posted: Dec 19, 2023
Jerry Messick, Chief Executive Officer (CEO) of Elevate Risk Solutions, LLC, a provider of captive insurance solutions, is stepping down as of January 1, 2024, the firm stated in a recent announcement. With the transition, Elevate has appointed Ma...
Posted: Dec 19, 2023
The non-standard insurance sector is forecasted to experience “unprecedented, dynamic growth” through to 2030, according to Prestige Underwriting, a specialist MGA in the market. The Report, commissioned to Aon’s Finaccord by Prestige, assessed th...
Posted: Dec 18, 2023
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has appointed Cliff Gallant as Head of Investor Relations and Corporate Development. The appointment is effective from December 18th, 2023, Gal...
Posted: Dec 18, 2023
Outsourcing and technology providers are helping European insurance companies to modernise amid rising challenges, according to a recent Information Services Group (ISG) report. European insurers are facing macroeconomic conditions, new market ris...
Posted: Dec 18, 2023
Specialty insurer Beazley has appointed Patricia Kocsondy as Head of Global Cyber Digital Risks, effective January 1, 2024. In her new role she will be responsible for setting the global product and distribution strategy for all of Beazley’s cyber...
Posted: Dec 18, 2023
Pension Insurance Corporation plc (PIC), a specialised insurer for defined benefit pension funds, has successfully completed a £25 million full scheme buy-in with the Trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme. The...
Posted: Dec 18, 2023
In a decisive move concluding a year marked by robust growth, Ardonagh Advisory has confirmed the acquisition of Westfield Brokers Ltd, operating under the name Westfield Insurance. The independent commercial broker, headquartered in Horsham, West...
Posted: Dec 18, 2023
Lloyd’s, the global insurance and reinsurance marketplace, has confirmed its continued presence at the historic One Lime Street headquarters until at least 2035. The lease extension includes an option to prolong the iconic location until 2040, the...
Posted: Dec 18, 2023
The Insurance Council of Australia (ICA) has declared a “significant event” for regions of Far North Queensland which have been impacted by severe weather and flooding over the past week, following Tropical Cyclone Jasper. The category...
Posted: Dec 18, 2023
Markel Group Inc.’s insurance subsidiary, Markel, has appointed Lisa Mitchell as Head of Claims, Australia, based in Melbourne, reporting to Managing Director, Rory Morison. Rory Morison, Managing Director, Australia at Markel, commented on...
Posted: Dec 18, 2023
With cyber insurance being one of the fastest growing lines of insurance coverage to emerge, there are still a large number of traditional reinsurers who are yet to see cyber as a key area of growth for them, until recently. According to Pascal Mi...
Posted: Dec 18, 2023
Alternative risk program manager BevCap Management has announced the appointment of Jeff Meyer as Executive Vice President of its Healthcare Captives Division. Meyer brings over two decades in the self-funded carrier and MGU space, experience he w...
Posted: Dec 18, 2023
Miller, the specialist re/insurance broker, has appointed Chris Board to its reinsurance team. Initially based in Bermuda, the plan is for Board to join the firm’s London office next year. Board will report to Charlie Simpson, Head of Bermud...
Posted: Dec 18, 2023
Westfield Specialty, a US property & casualty insurer, has formed a team to lead its entry into international property direct and facultative (D&F) insurance, which includes the hire of Richard Wood from Lancashire and Chris Prior from Ini...
Posted: Dec 18, 2023
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has completed its previously announced transaction with CVC. The transaction completion follows approval from the Prudential Regulation Authori...
Posted: Dec 18, 2023
According to Bank of America Securities analysts, it is already difficult to claim that the industry is in a true hard market for commercial lines for property & casualty (P&C), and they believe that this will become “increasingly cl...
Posted: Dec 18, 2023
Amwins’ Equisure has announced the launch of their new Livestock insurance program, that offers animal mortality, diseases and transit coverage for several types of livestock-related risks. According to the announcement, coverage is availabl...
Posted: Dec 18, 2023
James River Group Holdings, Ltd. has named William “Bill” Bowman as the President and Chief Executive Officer (CEO), Specialty Admitted Insurance, reporting to Frank D’Orazio, CEO of the Company. Bowman joined the Company in 2019 as Senior Vice Pr...
Posted: Dec 18, 2023
The Financial Times has reported that Apollo, Carlyle, and KKR are all exploring bids for London-based Pension Insurance Corporation (PIC) ahead of the deadline, citing people familiar with the matter. Earlier this year, PIC announced a record £6....
Posted: Dec 15, 2023
AXIS Capital Holdings has announced that AXIS Insurance Company has secured a four-year contract to provide specialty accident and health (A&H) insurance solutions to governmental, educational, and non-profit businesses across North America th...
Posted: Dec 15, 2023
The reinsurance broking arm of global insurance group Howden, Howden Tiger, has entered into a new partnership with VIP Software, a vendor management platform for insurers. VIP Software’s robust loss cost management platform brings a variety...
Posted: Dec 15, 2023
Global insurer Zurich has appointed Drazen Jaksic to the role of Chief Executive Officer (CEO) Benelux. Based in Brussels, Jaksic will report to Sierra Signorelli, CEO Commercial Insurance, effective immediately. Signorelli commented on the appoin...
Posted: Dec 15, 2023