Reinsurance News
Allianz Commercial has announced the appointment of Elke Vagenende to the role of Commercial Managing Director for its ‘Benelux and Nordics’ region. According to the announcement, Vagenende will re-join Allianz during the first quarter of 2024 to...
Posted: Oct 12, 2023
Canada has seen insured losses exceeding $3 billion in 2023, driven predominantly by secondary peril events, according to CatIQ. Severe convective storms, floods, and wildfires have taken the forefront in the country’s disaster landscape, ma...
Posted: Oct 12, 2023
Marsh McLennan has appointed Pat Tomlinson as the President of Mercer, a key division of the global insurance and reinsurance broker. In this newly assumed role, Tomlinson will report to Martine Ferland, who continues to serve as Mercer CEO and Vi...
Posted: Oct 12, 2023
Reinsurance broker Inver Re is making waves in 2023 with the integration of advanced generative AI, setting the stage for a revolutionary transformation in the field. The impact of this technology is poised to reshape the way unstructured data is...
Posted: Oct 12, 2023
Allianz Partners and bolttech, an international insurtech, have announced a partnership that will see the two companies provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States. This strategic agr...
Posted: Oct 12, 2023
QBE Europe has announced the appointment of Erik Keller as Head of Liability, effective 1 January 2024. Keller brings to his new role three decades of experience in commercial insurance, having spent most of his career in multinational business. H...
Posted: Oct 12, 2023
Ukraine has activated a data platform, supported by Marsh McLennan, that will allow insurers, investors and governments to analyse war risks in the country. Re/insurance brokerage Marsh McLennan supported the Government of Ukraine in designing and...
Posted: Oct 12, 2023
Aventum, a (re)insurance group, announced the appointment of Robert Moorehead-Lane as its Chief Risk Officer. This newly established role underscores Aventum’s unwavering commitment to efficient risk management and delivering value to its em...
Posted: Oct 12, 2023
Global, aviation-focused alternative investment manager, Castlelake and Pine Walk, a specialist managing general agent (MGA) platform and wholly owned subsidiary of Fidelis MGU, have announced the creation of a new aviation-focused MGA. Itasca MGA...
Posted: Oct 12, 2023
Swiss reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re), headquartered in Zug, has recently announced the promotion of Dr. Robert Salzmann to the position of Head of Underwriting, effective from 1 October 2023. In his new role, Dr. Salzmann will repo...
Posted: Oct 12, 2023
Fitch Ratings has upgraded Oman Reinsurance Company SAOG’s (Oman Re) Insurer Financial Strength (IFS) rating to ‘BBB-‘ from ‘BB+, and assigned it an stable outlook. According to the announcement, this rating decision contin...
Posted: Oct 12, 2023
With the outstanding catastrophe bond and related insurance-linked securities (ILS) market at an all time high on the back of a record-breaking first half of the year, the industry is meeting in Bermuda over the next two days for the annual Conver...
Posted: Oct 12, 2023
A recent report from AM Best reveals that Canada’s insurance sector demonstrated resilience in 2022, with both property/casualty (P/C) and life/annuity (L/A) segments maintaining their stability despite ongoing challenges. In the P/C sector,...
Posted: Oct 12, 2023
Insurer American International Group (AIG) has made several changes in its general and international insurance senior management, as it reorganises to position itself for further growth. The current Chief Executive Officer, of General Insurance, D...
Posted: Oct 12, 2023
India-based InsuranceDekho has raised $60 million Series B funding, a mix of equity and debt, as the startup looks to supercharge its growth. The round was led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, Japan’...
Posted: Oct 12, 2023
INSHUR, an on-demand insurance platform has launched its insurance offering for on-demand livery drivers in Arizona. This launch is supported by the company’s strategic partnership with Uber. Since 2018, both businesses have been working tog...
Posted: Oct 12, 2023
PIB Group Ltd has appointed Zach Gray as Chief Executive Officer (CEO) for the Specialty Division, along with Steve Redgwell taking on the role of Chair. Both of the hires will continue to work closely together with the Specialty team to continue...
Posted: Oct 12, 2023
According to recent analysis from MarketScout, the composite rate for personal lines across the US was 4% for Q3 2023, with automobiles up 4.3% and personal articles up 2.7%. MarketScout suggests that a relatively benign hurricane season encourage...
Posted: Oct 12, 2023
A new report authored by Karen Clark, Co-founder and CEO of Karen Clark & Company (KCC), explores the concern among Florida homeowners of increasing insurance premiums, which in turn is driving demand for legislative actions to reduce costs. O...
Posted: Oct 11, 2023
The Aioi Nissay Dowa Europe Group (AND-E), a provider of mobility insurance and European subsidiary of Aioi Nissay Dowa Insurance Company Limited, has appointed Adrian Steele as the Group’s Chief Reinsurance Officer for its operations in the...
Posted: Oct 11, 2023
Jensten, a UK broking and underwriting businesses, has announced further investment into its Lloyd’s broking division, Jensten London Markets, with three senior hires in Marie Thomas-White, Steve Murphy and Ally Templeton. The business was l...
Posted: Oct 11, 2023
Canopius Group has introduced a new Cannabis Cyber insurance solution, an offering that makes the re/insurer one of only a few providing tailored cyber coverage for cannabis enterprises across the supply chain. As cannabis companies rely heavily o...
Posted: Oct 11, 2023
Howden Driving Data, a telematics provider and part of global insurance group, Howden, has renewed its partnership with ANWB (Royal Dutch Tourist Club). Under the terms of this partnership, Howden Driving Data will provide the technology behind Dr...
Posted: Oct 11, 2023
Liberty Mutual Reinsurance, a subsidiary of Liberty Mutual Insurance Group, has appointed Alex Koh as Senior Underwriter, effective immediately, based in Singapore and reporting to Annie Leong, Regional Underwriting Manager. Koh’s remit in the rol...
Posted: Oct 11, 2023
A recent survey conducted by PwC, titled the “2024 Global Digital Trust Insights,” has exposed a significant increase in the number of businesses worldwide falling victim to data breaches costing over $1 million. The survey, which coll...
Posted: Oct 11, 2023