Reinsurance News
Global catastrophe risk modeller, Karen Clark & Company (KCC), has announced the launch of RiskInsight Version 4.13, the latest update to the RiskInsight open loss modeling platform, that gives insurers and reinsurers the ability to track clai...
Posted: Oct 24, 2023
US broker firm Brown & Brown has reported revenues of $1,067.7 million for the third quarter of 2023, representing an increase of $140.1 million, or 15.1%, when compared with the same period last year. Notably, organic revenue increased 9.6% f...
Posted: Oct 24, 2023
In its preliminary results for Q3 of 2023, Kemper has announced an estimated net loss between $140 million and $150 million and an estimated adjusted consolidated net operating loss between $25 million and $35 million. According to the firm, net l...
Posted: Oct 24, 2023
Hong Kong domiciled reinsurer Peak Re recently reported an impressive set of half-year results, and while the outlook for the future is positive, Chief Executive Officer (CEO) Franz-Josef Hahn isn’t celebrating just yet. After efforts to rebalance...
Posted: Oct 24, 2023
Rokstone, Aventum Group’s international (re)insurance MGA, has appointed Mike Nukk as Head of Marine. Nukk is an experienced Marine professional with a storied career that includes a two-decade tenure at Liberty, where he served as SVP Global Mari...
Posted: Oct 24, 2023
Insurance broker Marsh, and a business of Marsh McLennan, has announced the appointments of Beth Thurston as CEO of UK Risk Management, and Hema Mistry as CEO of the UK Financial and Professional (FINPRO) business. Thurston will report to Nick Har...
Posted: Oct 24, 2023
Global re/insurers, MS Amlin, has announced the promotion of Jamie Cleary to Head of Crisis Management, alongside his existing responsibilities as Lead Underwriter for Credit and Political Risk. Effective immediately, Cleary will be based in Londo...
Posted: Oct 24, 2023
Global insurance group, Howden, has established a retail presence across Luxembourg through its acquisition of the portfolio of United Brokers S.A. (United), and has also strengthened its position in Belgium with the acquisition of WDR Insurance G...
Posted: Oct 24, 2023
Analysts from BofA Securities, Inc. are forecasting a promising year for the reinsurance industry in 2023, as shares continue to outperform the broader sector and market. European reinsurers, in particular, saw a remarkable upswing with a year-to-...
Posted: Oct 24, 2023
W. R. Berkley Corporation has reported that Q3 underwriting income and net income grew 34.7% and 45.7% to $258.7 million and $333.6 million, respectively, while net investment income in the quarter stood at $270.9 million, driven by a 59.3% increa...
Posted: Oct 24, 2023
The Talanx Group, the parent company of global reinsurer Hannover Re, expects to report net income of over €1.25 billion for the first nine months of 2023, and has raised its profit expectation for the full year to significantly above €1.5 billion...
Posted: Oct 24, 2023
Protos Labs, a cyber risk management company, has successfully raised SGD $3 million in its most recent seed round, funds that will be used to accelerate its global expansion and the development of cyber risk analytics and modelling tools for re/i...
Posted: Oct 24, 2023
“There is a shared appetite from insurers and reinsurers to grow in specialty lines to dilute volatility in other classes, which should improve market dynamics for trade credit, bond and political risk,” according to David Edwards, Co-...
Posted: Oct 24, 2023
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