Reinsurance News
Mark Shumway, formerly of insurance and reinsurance broker Howden, has joined Inver Re, the reinsurance broking arm of the Ardonagh Group, as Head of Advisory. Shumway joined Hyperion X, which later became Howden, from JLT Re in 2019, which follow...
Posted: Oct 10, 2023
Parametric insurance specialist, AXA Climate, has appointed Toby Behrmann as Head of London Market & Private Public Partnerships, based in London. In his new role, Behrmann will be tasked with utilising the power of the London Market to drive...
Posted: Oct 10, 2023
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced that it is collaborating with The University of the West Indies (The UWI) in an effort to reduce the impacts of wildfires on the people, communities, and the economy of Barbad...
Posted: Oct 10, 2023
Insurance broker, Brown & Brown, Inc. has completed its previously announced acquisition of Kentro Capital Limited into the operations of Brown & Brown Europe. London-domiciled Kentro is an insurance industry brokering group managing over...
Posted: Oct 10, 2023
Placing Platform Limited has confirmed that it will begin to pilot its new generation of Market APIs during the fourth quarter of 2023, working initially with broker WTW and independent Lloyd’s broker, Tysers. According to the announcement,...
Posted: Oct 10, 2023
In the third quarter of 2023, commercial insurance rates in the United States saw a moderation in their upward trajectory, according to a report by MarketScout. The data showed that rates increased by 3.72% during this period, a notable decelerati...
Posted: Oct 10, 2023
In the first edition of FTI Consulting’s European Insurance M&A Barometer Report for 2023, the firm highlights a robust surge in insurance deal activity across the region during the first half of the year. The report provides insights in...
Posted: Oct 10, 2023
British insurer Phoenix Group has announced that Nicholas Lyons will return as Chair of its Board in December, after he stepped down from the position last year to take up the full-time role of Lord Mayor of the City of London for a one-year term....
Posted: Oct 10, 2023
The Lloyd’s Market Association (LMA) has released an updated version of its playbook for managing agents to provide them with the tools and knowledge needed to implement the Blueprint Two market transformation initiatives. “Blueprint Two is a pivo...
Posted: Oct 10, 2023
Rokstone, an international specialty re/insurance MGA, and part of the Aventum Group, has announced the appointment of Jordan Lanford as Global Head of Aviation. Based in Atlanta and with more than 20 years’ experience of Aviation, Lanford will jo...
Posted: Oct 10, 2023
Belize has unveiled a new insurance act in a move aligned towards modernizing and enhancing financial protection. The act, which came into effect on October 1, replaces the previous Insurance Act and the International Insurance Act. It represents...
Posted: Oct 10, 2023
Caribbean domestic insurers are grappling with a challenging reinsurance renewal season this year, as per a recent report by AM Best. The region has experienced a reduction in reinsurance capacity between 10% and 15% in 2023, primarily driven by f...
Posted: Oct 09, 2023
Conifer Holdings, Inc. has revealed that Nicholas J. Petcoff will assume the role of sole Chief Executive Officer (CEO) of the company, effective December 31, 2023. As part of this transition, Petcoff, who currently serves as Chairman and Co-CEO,...
Posted: Oct 09, 2023
Sompo International, a global provider of commercial and consumer property & casualty re/insurance, has hired Anna Lisiak as Head of Claims, Insurance, Continental Europe, and Herndon Stokes as Head of Distribution & Client Relationship Ma...
Posted: Oct 09, 2023
Saudi Arabia-domiciled reinsurer, Saudi Reinsurance Co., is raising new capital via the issuance of new shares that will be purchased by Saudi Arabia’s Public Investment Fund (PIF), a sovereign wealth fund, according to a filing with the sto...
Posted: Oct 09, 2023
Arthur J. Gallagher & Co. has announced the acquisition of The Coverage Pro, an Arizona-based retail insurance broker expert with expertise in construction for commercial and personal lines clients throughout the state. As part of the transact...
Posted: Oct 09, 2023
SkyWatch, a digital insurance firm for the aviation industry has acquired the assets of Droneinsurance.com, in a move that brings together two innovative platforms and marks a major milestone across the drone insurance sector. This collaboration a...
Posted: Oct 09, 2023
The London Market Group (LMG) unveiled a comprehensive report shedding light on the pivotal role that insurance plays in driving and sustaining net zero projects. Targeting parliamentarians and key influencers, this report aims to underscore the s...
Posted: Oct 09, 2023
Analysts at Deutsche Bank have commented on last week’s media speculation suggesting UK insurer Aviva is a potential acquisition target, stating that it views a deal for the entire firm has nearly impossible, and even a sale of parts of the...
Posted: Oct 09, 2023
Life and health reinsurer, Pacific Life Re, has appointed Mikey Anthony to the newly created role of Assistant Vice President (AVP) of Sustainability. Vincent Lepez, Executive Vice President of Europe and Head of Pacific Life Re’s ESG task force c...
Posted: Oct 09, 2023
Global reinsurance broker Gallagher Re has appointed Jonathan Allard as Managing Director and Head of its newly created Global Credit & Political Risk team, based in London. According to the broker, Allard will bring together the experienced,...
Posted: Oct 09, 2023
Steadfast Group has completed an agreement to acquire 100% of ISU Group, a privately owned independent insurance agency network in the US, for $55 million. The acquisition, which signals Steadfast’s entry into the US market, will be funded f...
Posted: Oct 09, 2023
Florida has been ranked number one, compared to any other US state, in homeowners insurance dissatisfaction, a Clearsurance.com report has revealed. There are several issues that Florida homeowners encounter that make their home insurance situatio...
Posted: Oct 09, 2023
The Swiss Re Institute has released its latest economic outlook for the United States, suggesting that while economic strength persisted in the third quarter, the nation is likely to avoid a recession this year. The Swiss Re Institute has revised...
Posted: Oct 09, 2023
Insurance broker and risk advisor Marsh appointed Brent Clawson as Insurer Consulting Group Leader for Marsh Asia. Clawson took on the new role in September. Prior Marsh, he has over eight years of experience working at Aon. Most recently, he serv...
Posted: Oct 09, 2023