Reinsurance News
Both AXA XL and the AXA Research Fund have joined a research hub created by the Cambridge Centre for Risk Studies (CCRS) to help mitigate systemic risks like climate change, pandemics, cyber threats, geopolitical change and financial crisis. Accor...
Posted: Oct 24, 2023
According to Fitch Ratings, last month’s interim judgement delivered by the Dutch Court of Appeal in respect of certain unit-linked insurance policies, will not impact the ratings of either Nationale-Nederlanden Levensverzekering Maatschappij N.V....
Posted: Oct 23, 2023
Ping An Insurance (Group) Company of China, Ltd. has noted it continues to make strides in the realm of environmental conservation and ESG (Environmental, Social, and Governance) investment by utilising insurance as a catalyst for change. In a gro...
Posted: Oct 23, 2023
Ping An Insurance (Group) Company of China, Ltd. has noted it continues to make strides in the realm of environmental conservation and ESG (Environmental, Social, and Governance) investment by utilising insurance as a catalyst for change. In a gro...
Posted: Oct 23, 2023
The current market conditions are driving up interest in alternative capital and reinsurance structures to meet clients’ risk requirements, re/insurance specialists highlighted during Guy Carpenter’s Reinsurance Symposium in Baden-Baden. In its sy...
Posted: Oct 23, 2023
Independent insurance broker, Lockton, has expanded its team through the appointments of Lewis Parle, Laura Patrick, and Lauren McKay, all with immediate effect. In his new role, Parle will lead client solutions in Intellectual Property Risk. He j...
Posted: Oct 23, 2023
Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has announced two appointments for its Iberian Insurance operation. Joining from Generali is José María Conde-Salazar, who has been named Head of...
Posted: Oct 23, 2023
Citing consistently good operational performance in all business segments, Munich Re has disclosed a preliminary net result for Q3 of ca. €1.2bn, as the firm remains “well positioned” to surpass the previous annual target of €4bn. Muni...
Posted: Oct 23, 2023
International (re)insurance broker Consilium, part of the Aventum Group, has appointed Rukhsana (Roxy) Zeb as the newest Partner in its Professional and Executive Risks Solutions team. According to Consilium, Zeb will utilise her expertise in fina...
Posted: Oct 23, 2023
Trian Fund Management, activist hedge fund led by Nelson Peltz, has built a stake in Allstate Corporation (ALL), one of the insurers struggling to cope with the fallout of natural disasters, Reuters has reported. According to the news agency, the...
Posted: Oct 23, 2023
The current market conditions are driving up interest in alternative capital and reinsurance structures to meet clients’ risk requirements, re/insurance specialists highlighted during Guy Carpenter’s Reinsurance Symposium in Baden-Baden. In its sy...
Posted: Oct 23, 2023
AM Best announced a negative revision in its outlook for Everen Specialty Ltd. (Everen Specialty) to negative from stable reflecting the impact of Everen Specialty’s declining risk-adjusted capitalisation. The revision pertains to the Financial St...
Posted: Oct 23, 2023
Aquiline Capital Partners LLC, a private investment firm based in New York and London, has launched MDpanel, a new platform dedicated to the efficient delivery of medical opinions within the insurance claims process. At the same time, the company...
Posted: Oct 23, 2023
Demand for political risk insurance is predicted to grow in 2024 driven by an increase in the number of elections worldwide, an event that usually heightens the value of economies, and together increase political risk for businesses operating in c...
Posted: Oct 23, 2023
Dublin-based Arch Insurance (EU) dac, a subsidiary of Arch Insurance International has hired Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters, effective immediately. Both the appointments are based out of Madrid....
Posted: Oct 23, 2023
CCRIF SPC has disclosed that it made two payouts totalling $3.4 million to the governments of Antigua and Barbuda and the British Virgin Islands following Tropical Storm Philippe, which triggered the parametric insurance policies of these countrie...
Posted: Oct 23, 2023
The reinsurance arm of Vienna Insurance Group, VIG Re, has appointed Frank Reichelt to its Supervisory Board. Reichelt is a reinsurance sector veteran who brings expertise that spans over 40 years. He currently holds several external mandates such...
Posted: Oct 23, 2023
Cyber risk solution provider Resilience has noted that cybercriminals have begun shifting their tactics to bypass security controls by hitting critical vendors and seeking larger extortion targets. In its Midyear 2023 Claims Report, the firm says...
Posted: Oct 23, 2023
Hannover Re’s German subsidiary, E+S Rückversicherung AG, has predicted further price increases and improved conditions in the 1 January 2024 renewals in property and casualty reinsurance, according to its comments at the 2023 reinsurance gatherin...
Posted: Oct 23, 2023
American Equity Investment Life Holding Company has reported that its Q3 2023 sales totalled $2.2 billion, of which 99% of which were in fixed index annuities (FIA). The company reported that its FIA sales saw an increase of 18% from the second qu...
Posted: Oct 23, 2023
Global insurance provider INSHUR continues its US-wide expansion with the appointment of industry expert Lisa Hric as Director of US Markets. With a career spanning over two decades in the auto insurance industry spanning both legacy and insurtech...
Posted: Oct 23, 2023
DXC Technology says 46% of global executives view technical debt, or “tech debt,” as a major obstacle to innovation and growth. Technical debt refers to the hidden costs incurred when choosing a quick yet suboptimal solution over a mor...
Posted: Oct 23, 2023
Non-life specialty insurer R&Q Insurance Holdings has just confirmed that it has entered into a conditional agreement to sell its Accredited program Management business to private equity investment manager Onex Corporation. The sale was expect...
Posted: Oct 20, 2023
Analysts at RBC Capital Markets expect the hard reinsurance market environment to persist into 2024 as the industry’s resolve to deliver adequate returns remains. According to RBC, there will be further rebalancing of the insurance value cha...
Posted: Oct 20, 2023
Employee mistakes and poor security are leaving businesses open to cyber-attacks; addressing these issues will allow companies to access full levels of cyber insurance, according to a recent QBE report. QBE’s survey revealed that almost a third of...
Posted: Oct 20, 2023