Reinsurance News
Effective immediately, Keith Meier is to take over as Chief Financial Officer (CFO) and be replaced by Francesca Luthi as Chief Operating Officer (COO), as the firm realigns its executive team to support its global growth strategy. Meier takes on...
Posted: Nov 16, 2023
Property and Casualty insurer Berkshire Hathaway Specialty Insurance (BHSI) has promoted Courtney Turnage Walker to the newly created role of U.S. Head of Contract Surety. Walker previously served as the Senior Vice President of Surety Underwritin...
Posted: Nov 16, 2023
Managing general agency, Falcon Risk Services, has welcomed both Ted Stefas and Gopika Shah to the newly create roles of Executive Vice President, General Counsel, and Technology Officer, respectively. Most recently, Stefas served as Chief Underwr...
Posted: Nov 16, 2023
Provider of insurance solutions, Orion180, has announced the addition of Mohammad Javanbarg, Malcolm Tsung, Scott Crozier, and Yiguang Qiu. Javanbarg has been appointed as the Senior Vice President of specialty risk, and Tsung will serve as the Vi...
Posted: Nov 16, 2023
Insurance and reinsurance broker Arthur J. Gallagher & Co. is to acquire Cobram, Victoria-based Edgar Insurance Brokers, a provider of commercial insurance products and services with a focus on rural and farm, hospitality, transport and trade...
Posted: Nov 15, 2023
Insurer and reinsurer International General Insurance Holdings Ltd. (IGI) has reported reinsurance gross written premiums (GWP) for the third quarter of 2023 of $15.3 million, up 140% year-on-year, as the carrier took advantage of improved pricing...
Posted: Nov 15, 2023
In an interview with Reinsurance News, Matt Westhoff, Head of North American Commercial Property at Beazley, outlined the company’s robust strategy to navigate the complex landscape of climate change and its implications on the re/insurance...
Posted: Nov 15, 2023
RSA Insurance has made two appointments in its Global Network team, naming Melissa Rayner and Christian Garcia as Global Network Relationship Managers. RSA explained that Rayner will manage the company’s relationships with Global Network Par...
Posted: Nov 15, 2023
Fidelity National Financial, Inc. (FNF) has announced its intent to invest approximately $250 million in F&G Annuities & Life, Inc. (F&G). FNF held approximately 85% ownership in F&G as of September 30, 2023. According to the annou...
Posted: Nov 15, 2023
Mosaic Insurance, a specialty insurance firm has signified the two-year anniversary of its global transactional tax liability team with the hire of another tax-risk specialist. During the quarter, the company welcomed Greg Branagan, who joined the...
Posted: Nov 15, 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a net loss of $7.3 million in the third-quarter of 2023, compared to net loss of $2.2 million in the third quarter of 2022. The c...
Posted: Nov 15, 2023
QBE North America has announced the appointment of John Livatino as Senior Vice President and Head of Healthcare Liability. Livatino brings 25 years of underwriting experience in specialty insurance to his new role. Before joining QBE, Livatino he...
Posted: Nov 15, 2023
Verisk SBS, a re/insurance software specialist operating in the London and US markets, has announced appointments of Gordon Bathurst as Director of Solutions, Broking, and Chris Spencer as Director of Solutions, Underwriting, effective immediately...
Posted: Nov 15, 2023
Florida Governor Ron DeSantis and UK Secretary of State for Business and Trade Kemi Badenoch have signed a Memorandum of Understanding (MOU) to “increase trade and bilateral investment, strengthen business ties (including reinsurance) and gr...
Posted: Nov 15, 2023
In its 9M results, Coface recorded net income of €189.7m, which includes €60.9m for Q3 alone. Coface recorded a consolidated turnover of €1,417.8m for the first 9M, up +7.1% at constant FX and perimeter compared to the first 9M of 2022. According...
Posted: Nov 15, 2023
Amwins, an independent wholesale distributor of specialty insurance products, has completed a significant $1 billion recapitalization transaction with its existing shareholder group. According to the firm, Dragoneer Investment Group, Genstar Capit...
Posted: Nov 15, 2023
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has launched a new Sports & Prize Indemnity Division with an exclusive facility from Allianz Commercial. “Combining insurance expertise with pricing expertise...
Posted: Nov 15, 2023
Marsh McLennan, in collaboration with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank and DZ Bank, has launched a new facility named ‘Unity’ to provide “affordable insurance supporting the e...
Posted: Nov 15, 2023
Hamilton Insurance Group, Ltd. successfully concluded its initial public offering (IPO) by closing the sale of 15,000,000 Class B common shares. This total includes 6,250,000 shares sold by the company itself and 8,750,000 shares sold by existing...
Posted: Nov 15, 2023
Fitch Ratings has affirmed SCOR’s and its core operating subsidiaries’ Insurer Financial Strength (IFS) Ratings at ‘A+’ and Long-Term Issuer Default Rating (IDR) at ‘A’, with Stable Outlooks. Fitch noted that th...
Posted: Nov 15, 2023
Independent insurance broker Lockton has announced the arrival of Øyvind Larsen to lead its People Solutions business in Norway. Based in Oslo, Larsen will also be joined by further senior hires, initiating a competitive new proposition for existi...
Posted: Nov 15, 2023
Global insurance broker WTW has unveiled its latest innovation in the insurance sector with the launch of A-Star. This cutting-edge excess layer Directors’ & Officers’ (D&O) insurance solution is designed to provide exclusive b...
Posted: Nov 15, 2023
The Cayman Islands Monetary Authority (CIMA) has released the latest licensing statistics for the insurance sector, indicating a robust performance in the captive insurance industry. In the third quarter of 2023, CIMA granted eight new insurance c...
Posted: Nov 15, 2023
With Stonybrook Capital as financial advisor, Wisconsin Re wholly-owned subsidiary, WRC Agency Inc., has closed on the sale of its book of business to Insural Insurance Solutions, Inc., a subsidiary of Farmers Union Service Association, LTD. Based...
Posted: Nov 15, 2023
QBE North America, part of the global insurer, has entered into a strategic partnership with Foresight Risk and Insurance Services, a workers’ compensation specialist. The new partnership between the two firm’s enables Foresight to wri...
Posted: Nov 15, 2023