Reinsurance News
LexisNexis Risk Solutions, a provider of data, analytics and technology solutions for insurance carriers, has announced its new alliance with Vexcel Data Program, a specialist in aerial imagery and geospatial data. This alliance elevates LexisNexi...
Posted: Nov 07, 2023
Insurance broker Marsh has announced the appointment of John Donnelly as Global Head of Placement, effective January 1, 2024. In his new role Donnelly will have global responsibility for Marsh’s retail and wholesale broking activities. He will wor...
Posted: Nov 06, 2023
Lloyd’s cyber insurance specialist, Trium Cyber, has appointed Mauro Signorelli as Managing Director of International operations. In his new position, Signorelli will be responsible for leading and growing Trium’s International operations. H...
Posted: Nov 06, 2023
The International Association of Insurance Supervisors (IAIS) has issued a report, “A call to action: the role of insurance supervisors in addressing natural catastrophe protection gaps,” highlighting the vital role of insurance superv...
Posted: Nov 06, 2023
AM Best has revised its outlook on the excess and surplus (E&S) lines insurance segment to positive from stable, citing increased business due to declining capacity in commercial lines and some personal lines markets. The rating agency also re...
Posted: Nov 06, 2023
P&C insurer Skyward Specialty has expanded its Surety division with the addition of seven new executives, including Scott Bailey, who has been appointed Vice President of Field Operations for Contract Surety and Chaz Cointment as Assistant Vic...
Posted: Nov 06, 2023
FANHUA, an independent Chinese financial services provider, has entered into a strategic partnership with Asia Insurance Co., Ltd. (Asia Insurance), a wholly-owned subsidiary of Asia Financial Holdings Ltd. Both companies are forming two joint ven...
Posted: Nov 06, 2023
As the property and casualty (P&C) insurance industry meets at the 2023 annual APCIA conference, we spoke with Monica Ningen, CEO of P&C Reinsurance US at Swiss Re, about the state of the market and what to expect heading into 2024. “From...
Posted: Nov 06, 2023
White Mountains has released its third-quarter results for 2023, saying that its Ark partner firm saw gross written premiums rise to $251 million at Q3’23 compared with $216 million in Q2’22. Ark saw GWP rise to $1,667 million for the...
Posted: Nov 06, 2023
Cloud concentration has become a significant emerging risk for many organisations, according to a recent survey by Gartner, Inc. The Gartner 3Q23 Emerging Risk Report surveyed 294 risk executives about their views on emerging risk or over-the-hori...
Posted: Nov 06, 2023
Coalition has introduced its suite of Active Cyber Insurance products in Australia. This insurance offering is designed to go beyond risk transfer, actively assisting organisations in understanding their cyber risk profiles, enhancing their cybers...
Posted: Nov 06, 2023
The Ethical AI in Insurance Consortium (EAIC) has made significant strides in its mission to promote responsible and transparent AI adoption in the insurance sector with the addition of 10 new founding members. This expansion of expertise promises...
Posted: Nov 06, 2023
Rokstone, the Aventum Group’s international (re)insurance MGA, has expanded its North American marine operation with the appointment of Alex Berisha as Head of US Marine Cargo and Derek Vandermyde as Underwriting Manager, Inland Marine. The pair w...
Posted: Nov 06, 2023
American International Group (AIG) has announced the launch of a secondary offering of Corebridge Financial common stock. AIG is offering 50 million existing shares of common stock (out of approximately 631 million total shares of common stock out...
Posted: Nov 06, 2023
Arthur J. Gallagher & Co. has acquired Dublin, Ireland-based Keaney Insurance Brokers Ltd. Keaney is a commercial insurance broker that supports businesses across Ireland with insurance and risk management solutions. Terry Keaney, the firmR...
Posted: Nov 06, 2023
Software company Porch Group has announced that Homeowners of America Insurance Company (HOA), its wholly owned insurance carrier subsidiary, has been released from the Texas Department of Insurance (TDI) temporary regulatory supervision. Accordin...
Posted: Nov 06, 2023
Miller, a leading independent specialist (re)insurance broker, announced the appointment of William Seccombe as the new leader of its Financial Lines business in Asia. Seccombe joins Miller from Lockton, where he held the position of Regional Head...
Posted: Nov 06, 2023
McGill and Partners, the global boutique specialist (re)insurance broker, has launched a ready-made and self-contained coverage solution for corporate insolvency, known as SAIFElimits. This innovative offering is designed to seamlessly integrate i...
Posted: Nov 06, 2023
Markel, the insurance operation within Markel Group Inc., has announced the appointment of Chris Conyard as Digital & Portfolio Executive in its distribution strategies and business development (DS&BD) team. Based in London, Conyard will w...
Posted: Nov 06, 2023
John Rollins has joined Anchor Insurance Holdings as Chief Executive Officer. Anchor describes itself as a provider of insurance coverage to homeowners in need, particularly those who live in storm-prone areas. The firm offers home insurance in 13...
Posted: Nov 06, 2023
Corebridge Financial has reported a net income of $2.1 billion in the third quarter of 2023, representing a 13% decrease compared to the prior year quarter, largely driven by lower realised gains. Adjusted pre-tax operating income (APTOI) was $813...
Posted: Nov 06, 2023
Verlingue has launched Verlingue London Markets following the rebranding of specialist Lloyd’s and London market wholesale broker NBJ London Markets. NBJ London Markets, which specialises in placing risks for motor fleet, property, and liability,...
Posted: Nov 06, 2023
Specialty insurance provider, Trisura Group, has reported $14.8 million of net income in the third quarter of 2023, a decrease of 38.7% compared to $24.2 million from the prior year quarter, primarily due to costs related to the run-off of a US fr...
Posted: Nov 06, 2023
Strategic Risk Solutions (SRS), an independent insurance company manager, has appointed Marc Kutter as its new Chief Business Development and Marketing Officer, effective late November. Brady Young, Chief Executive Officer of SRS, commented on the...
Posted: Nov 06, 2023
Provider of artificial intelligence technology for insurance claims optimization, CLARA Analytics, has unveiled its CLARAty.ai platform, designed to advance the insurance claims process and assists claims professionals with their day-to-day work....
Posted: Nov 06, 2023