Reinsurance News
A joint study by Moody’s RMS, the risk modeling and solutions company, and UK flood reinsurance scheme Flood Re, warns of the limitations of current flood defences in the face of climate change, and calls for the UK to invest further. The main poi...
Posted: Dec 01, 2023
After being agreed at COP27 in Sharm El Sheikh, the loss and damage fund became operational today as world leaders meet in Dubai for the start of this year’s annual climate conference, with the UAE announcing a commitment of $100 million to...
Posted: Nov 30, 2023
Compre, an international legacy group, has announced the appointment of LoriAnn Lowery-Biggers and Jonathan Reiss as independent non-executive directors of its holding company in Bermuda, subject to regulatory approval. Lowery-Biggers brings more...
Posted: Nov 30, 2023
AM Best’s latest reinsurance segment market report states that while established capital remains supportive, new capital remains cautious, as the ratings agency highlights the distinction between available and deployed capital. The report re...
Posted: Nov 30, 2023
Polo Managing Agency (PMA), a prominent turnkey managing agency at Lloyd’s, has unveiled a collaboration with insurance technology company VIPR. This strategic partnership aims to elevate PMA’s managed delegated authority relationships by in...
Posted: Nov 30, 2023
Synpulse, a global professional services company, has partnered with insurtech software provider Cenata for its outwards reinsurance system. Cenata’s CenataSure, provides real time outwards reinsurance management for commercial insurers and reinsu...
Posted: Nov 30, 2023
Placing Platform Limited has announced that Mark Griffith has been appointed to take on the role of Chief Information Officer. He is set to join the business in January 2024, where he will report to Joe Gordon, PPL CEO. In his new role, Griffith i...
Posted: Nov 30, 2023
As per the latest Political Risk Index report from WTW, elevated government expenditures during the pandemic, global inflation, and increased interest rates in 2023 have contributed to an “escalating debt crisis in emerging markets.” E...
Posted: Nov 30, 2023
Industrial insurer HDI Global, a part of the Talanx Group, has reported an improved year-over-year combined ratio of 92.7% from 95.4% for the first nine months of the year, as well as strong revenue and earnings growth. The company reported a 10%...
Posted: Nov 30, 2023
Speaking on a panel on day two of The Geneva Association’s 50th Summit in Zurich, Christian Mumenthaler, CEO of Swiss Re, said that amid the current geopolitical tensions, many investors are turning negative on risk-taking assets, preferring...
Posted: Nov 30, 2023
Rokstone, an international speciality re/Insurance MGA, part of the Aventum Group, has launched a new Contingency Portfolio as demand for the product grows. With exclusive backing from A rated carriers, Rokstone’s new contingency account will be i...
Posted: Nov 30, 2023
M&A advisory firm, Continuum Advisory Partners, has announced the appointment of two new Senior Managing Directors, Duncan Buck and Andrew Gould. A financial services banker with over 25 years’ M&A experience, Buck is joining Continuum fro...
Posted: Nov 30, 2023
In Fitch Ratings’ latest peer review for large global reinsurers in November 2023, the industry has demonstrated resilience with a consistent strong to very strong capitalisation. The assessment, based on Fitch’s risk-based Prism Facto...
Posted: Nov 30, 2023
Members from Boost, Branch, Clearcover, Lemonade, Root Insurance, and others, have launched an advocacy group called InsurTech Coalition that aims to shape the industry’s future. Insurtech Coalition has published an open letter to the industry tha...
Posted: Nov 30, 2023
Property and casualty insurer The Hartford has named A. Morris Tooker as the Head of Commercial Lines, Melinda Thompson as Head of Personal Lines, Don Hunt as General Counsel, Chris Jones is now head of Small Commercial, and Tracey Ant has been ap...
Posted: Nov 30, 2023
There’s an urgent need to bring the voice of insurance to the fore of the climate debate and the industry must work to show its value and find sustainable ways of building resilience against adverse weather and climate events, according to the Ins...
Posted: Nov 30, 2023
Independent specialist insurer and reinsurer Apollo has announced writing its first two risks under its new Smart Follow venture, powered by Artificial, which was announced in September following a successful proof of concept. According to Apollo,...
Posted: Nov 30, 2023
As negotiations intensify ahead of the January 1st, 2024, reinsurance renewals, Wade Gulbransen, Head of North American Reinsurance at Howden Tiger, has said that the broker sees the market continuing with both price and coverage into next year. S...
Posted: Nov 30, 2023
Insurtech Bondaval and Great American Europe, via Great American International Insurance (UK) Limited and Great American International Insurance (EU) DAC, have announced their partnership as they enter a multi-year agreement. Bondaval offers digit...
Posted: Nov 30, 2023
MS Amlin, Lloyd’s global insurer and reinsurer, has promoted Stuart Forsyth to Head of Marine, as Laurence Humberstone retires after 19 years with the firm. Forsyth currently serves as the Lead Underwriter for Hull & Hull War. His remit in the...
Posted: Nov 30, 2023
CFC, the global specialist cyber insurance provider, has appointed Louise O’Shea as its new Chief Executive Officer, subject to FCA approval. The news follows the completion of an investigation by Lloyd’s into allegations of non-financial miscondu...
Posted: Nov 30, 2023
Sønr, the innovation scouting and collaboration platform, has announced a strategic partnership with WTW to “bolster” the insurance broker’s innovation initiatives, and strengthen connectivity within its innovation teams globally...
Posted: Nov 30, 2023
First Eagle Investments, an independent, privately owned investment management firm headquartered in New York, has appointed Katie Cowan to the role of Head of Insurance Client Solutions. In this newly created role, Cowan is set to lead First Eagl...
Posted: Nov 30, 2023
In the minds of the leaders of some of the world’s largest companies, there’s no doubt the transition to net zero will happen, but it’s important people understand the consequences of the steps, according to Christian Mumenthaler, CEO of Swiss Re....
Posted: Nov 29, 2023
Markel, the insurance subsidiary of Markel Group Inc., has appointed Tim Woodhouse as Senior Underwriter within its War and Terrorism team, based at the firm’s London office and reporting to Ed Winter, Director of Terrorism. The appointment...
Posted: Nov 29, 2023