Reinsurance News
Specialist re/insurance broker, McGill and Partners has announced the appointment of Steve Postlewhite as a Partner in its Reinsurance team. In his new London-based role, he will be responsible for developing the portfolio solutions specialty, whi...
Posted: Oct 31, 2023
Athora Holding Ltd., an European savings and retirement services group, has appointed financial services veteran Bruce Hemphill as Chair. Effective January 1, 2024. Hemphill will replace Dr. Nikolaus von Bomhard, who will retire after serving six...
Posted: Oct 31, 2023
As AI technology continues to make headwinds across the re/insurance sector, Trent Cooksley, co-founder and Chief Operating Officer of Cowbell Cyber, explains that the technology brings both opportunities and challenges to the cyber insurance spac...
Posted: Oct 31, 2023
The Ardonagh Group has agreed to acquire ASSEPRO, a large independent commercial broker for small and medium-sized enterprises (SMEs) based in Switzerland, with further operations in both Austria and Liechtenstein. The company offers a wide range...
Posted: Oct 31, 2023
Insurtech Floodbase has entered into a partnership with Ag Guard to develop and distribute parametric flood insurance programs across both Australia and New Zealand. Both companies are teaming up together to help close the ANZ flood insurance gap...
Posted: Oct 31, 2023
Specialty insurer Berkshire Hathaway Specialty Insurance (BHSI) has promoted Donagh Regan to the role of Head of Casualty in Ireland. In his new role, Regan will continue to be based in Dublin. He joined BHSI in 2021, and previously served as a se...
Posted: Oct 31, 2023
Over thirty climate, environmental and consumer protection groups call on the International Association of Insurance Supervisors (IAIS) to scale up climate action and accelerate the shift away from fossil fuels to stop growing parts of the world b...
Posted: Oct 31, 2023
Generali has announced that Generali Ventures, the firm’s strategic innovation initiative in venture capital fund, is underway, with a dedicated commitment of €250 million, as it plans to “identify the most promising investment opportu...
Posted: Oct 31, 2023
Sprout.ai, a claims automation insurtech, has raised £5.4 million in a round led by venture capital investors Amadeus Capital Partners and Praetura Ventures. At the same time, UK investor Capricorn Capital Partners, US investor Forefront Venture P...
Posted: Oct 31, 2023
Markel, the insurance operation within Markel Group Inc., has expanded its leadership team in Australia with the appointments of Ahmed Farag as Head of Casualty and Kym Beazleigh as Head of Professional and Financial Risk (PFR) and Head of Sydney....
Posted: Oct 31, 2023
Brit Ltd., a global specialty re/insurer and subsidiary of FairFax Financial Holdings Limited, has announced that Christiern Dart has decided to step down from his position as Group Chief Underwriting Officer. During a period of transition, Dart w...
Posted: Oct 31, 2023
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has announced the appointment of Sarah Warren as the new unit head of energy. Based in London, Warren will report directly to Heath Callan, divisional head of e...
Posted: Oct 31, 2023
Life and health reinsurer Pacific Life Re has appointed Yoke Yin Lee to oversee operations and growth as Head of its South Korea business. After joining Pacific Life Re in 2008, Lee was an instrumental member of the team that established the South...
Posted: Oct 31, 2023
Arch Capital Group has reported net income available to common shareholders of $713 million for Q3 of 2023, a massive increase compared to the $7 million recorded in the same quarter last year, driven by strong growth in the firm’s reinsuran...
Posted: Oct 31, 2023
Bermuda-domiciled re/insurer Fidelis Insurance Holdings Limited has appointed Christine Dandridge and Matthew J. Adams to its Board of Directors, effective October 25th, 2023. With these appointments, the Fidelis Board of Directors now consists of...
Posted: Oct 31, 2023
In a recent study conducted by leading pensions and financial services consultancy, Hymans Robertson, it was revealed that nearly half (48%) of sponsors of Defined Benefit (DB) pension schemes have expressed intentions to pursue a buy-out strategy...
Posted: Oct 31, 2023
WTW, a global advisory, broking and solutions firm, has partnered with CSAA Insurance Group to license WTW’s Radar software. According to the broker, Radar empowers predictive modeling of the creation of pricing and underwriting scenario impacts o...
Posted: Oct 31, 2023
Hurricane Otis, the strongest hurricane ever to hit Mexico, has not only left a trail of destruction but is poised to deliver a staggering blow to the local economy, with initial expectations from independent experts suggesting total economic loss...
Posted: Oct 31, 2023
China’s PICC Property and Casualty Company (PICC P&C) reported a net profit of RMB19,386 million for the nine months ended September 30, representing a year-on-year decrease of 26.2%. The decline in net profit can be attributed to three main f...
Posted: Oct 30, 2023
Global re/insurer AXA XL has extended Ecosystem access to clients across its Property & Casualty and Specialty insurance lines in North America to help them uncover new technology and innovative risk solutions. The AXA XL Ecosystem is a suite...
Posted: Oct 30, 2023
Insurance broker Lockton has appointed Craig Buckle as the Chief Executive Officer (CEO) of its New Zealand operations, effective January 1, 2024, Buckle will succeed Peter Lowe, who is to retire at the end of this year. This appointment is in ali...
Posted: Oct 30, 2023
Insurtech startup QuoteWell unveiled its “innovative” approach to the insurance industry as it emerges from stealth mode. The company, founded in 2021, has raised over $15 million in a Series A funding round led by New Enterprise Assoc...
Posted: Oct 30, 2023
The California FAIR Plan Association, the state’s property “insurer of last resort,” has partnered with ZestyAI, a provider of climate and property risk analytics solutions, to access its wildfire risk analytics product to properly assess wildfire...
Posted: Oct 30, 2023
AgentSync, a company building modern insurance infrastructure that connects carriers, agencies, MGAs, and producers, has raised an additional $50 million in funding to drive operational efficiencies for insurers and distributors. The latest round,...
Posted: Oct 30, 2023
In a recent earnings call, J. Patrick Gallagher, Jr., Chairman, President, and CEO of Arthur J. Gallagher & Co., discussed the outlook for the upcoming January reinsurance renewals. Following a stable July 1 renewal season, the company has set...
Posted: Oct 30, 2023