Reinsurance News
WTW is considering re-launching back into treaty reinsurance, Goldman Sachs has revealed following a management meeting with the insurance broker. Back in 202, WTW sold its reinsurance arm Willis Re to Gallagher. A clause in the terms of agreement...
Posted: Oct 09, 2023
Coalition’s comprehensive Executive Risks Insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. The cyber insurance provider now offers Executive R...
Posted: Oct 09, 2023
Independent insurance broker, Lockton, has appointed Philip Hewer as Risk Engineer, a move which further enhances the company’s level of technical risk understanding and direct industry experience. Blake Roseveare, Energy Partner, commented...
Posted: Oct 06, 2023
Legal & General has announced a number of key leadership appointments, including Carl Moxley’s as Group Climate Director, who will be taking over the role from Simon Gadd. According to the announcement, Gadd is moving into an advisory ro...
Posted: Oct 06, 2023
Hudson Structured Capital Management (HSCM), an asset manager specialising in the re/insurance and transportation sectors, has announced a number of promotions, including Jeff Sangster’s, the firm’s new Chief Operating Officer (COO) and Head of St...
Posted: Oct 06, 2023
TypTap Insurance Company, the homeowner’s insurance subsidiary of HCI Group, Inc., has received approval from the Florida Office of Insurance Regulation to assume up to 25,000 policies from Citizens Property Insurance Corporation, the Florid...
Posted: Oct 06, 2023
The Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), the German Government, and the government of Uzbekistan rcecently launched a €1.9 million project to develop and implement a sovereign risk transfer scheme for...
Posted: Oct 06, 2023
African non-banking financial services provider, Sanlam, and global insurer Allianz have announced the receipt of regulatory approvals for a joint venture called SanlamAllianz, a Pan-African non-banking financial services company with a presence i...
Posted: Oct 06, 2023
Global insurer QBE Insurance Group Limited has appointed Steve Ferguson as an Independent Non-Executive Director to the QBE Group Board. Ferguson’s appointment will be effective from 1 November 2023, subject to satisfactory completion of relevant...
Posted: Oct 06, 2023
Running an exclusive process when approaching the insurance market for a buy-in or buy-out could lead to a better outcome for pension schemes than a traditional auction process, according to Hymans Robertson’s Ian Church. The Head of Core Transact...
Posted: Oct 06, 2023
Insurtech wefox has appointed Jonathan Wismer as its new Group Chief Financial Officer (CFO), while Co-founder and current CFO, Fabian Wesemann, has been named the new Chief Investment Officer (CIO). Wismer joins the company’s executive team, and...
Posted: Oct 06, 2023
In a recent report, Goldman Sachs offers an optimistic outlook for the insurance industry’s third-quarter earnings, particularly favouring reinsurance and auto insurers. The analysis suggests that property catastrophe reinsurers are poised f...
Posted: Oct 06, 2023
Insurtech Joyn Insurance has announced the appointment of Adam Berger to Chief Underwriting Officer, effective immediately. “Adam joined our team earlier this year and immediately made an incredible impact, working hand-in-hand with our underwrite...
Posted: Oct 06, 2023
mea, the AI powered processing platform for the global insurance industry, has appointed Graeme Asquith to the role of UK Managing Director. According to the announcement, this is a brand new role which heavily reflects mea’s rapid global growth,...
Posted: Oct 06, 2023
Credit rating agency DBRS Morningstar has announced that it has selected Morningstar Sustainalytics as a provider for property-level climate hazard risk data. According to the announcement, DBRS Morningstar analytical teams will consider Morningst...
Posted: Oct 06, 2023
As news of a potential takeover of large UK insurer Aviva emerged this morning, analysts suggest that while rumours are unsurprising, an acquisition of the whole Group seems unlikely given its position in the UK life sector. After The Times newspa...
Posted: Oct 06, 2023
Markel, the insurance operations within Markel Group Inc., has appointed Brook Styles as head of cargo, with immediate effect. He takes on the new role from Richard Burnett, who will transition to head of cargo underwriting. Styles first joined Ma...
Posted: Oct 06, 2023
Ascend, a leading financial operations automation platform, has announced that Newfront Insurance’s Executive Chairman, Kurt de Grosz, will be joining Ascend’s advisory board. Overall, he bring over 25 years of leadership experience an...
Posted: Oct 06, 2023
Radian Group Inc.’s wholly owned subsidiary, Radian Guaranty, has obtained $353 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2023-1 Ltd. covering eligible mortgage insurance policies written by Radian Gua...
Posted: Oct 06, 2023
Canadian property and casualty insurer, Definity Financial Corporation, has reported estimated catastrophe losses for Q3 2023 of $122 million, with events in the quarter leading to the full erosion of its catastrophe aggregate reinsurance treaty l...
Posted: Oct 06, 2023
Canadian property and casualty insurer, Definity Financial Corporation, has reported estimated catastrophe losses for Q3 2023 of CAD122 million, with events in the quarter leading to the full erosion of its catastrophe aggregate reinsurance treaty...
Posted: Oct 06, 2023
Catastrophe Indices and Quantification Inc. estimates over $720 million in insured losses have been attributed to wildfires in the Okanagan (McDougall Creek) and Shuswap (Bush Creek East), resulting in these wildfires being named the most costly i...
Posted: Oct 06, 2023
Specialist commercial, property and high net worth Managing General Agent (MGA) iprism, has acquired property focused MGA, SK Underwriting Limited for an undisclosed fee. SK Underwriting was formed in 1999 and it is based in Kent. It offers a rang...
Posted: Oct 06, 2023
According to Fitch Ratings, the finalisation of the Insurance Capital Standard (ICS), a new global solvency standard for internationally active insurance groups, is likely to be the most significant regulatory development for global insurers in 20...
Posted: Oct 06, 2023
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has entered into a partnership with ICROA-backed carbon standard, Puro.earth, to offer biochar insurance exclusively to projects certified under the Puro Standard. According to...
Posted: Oct 06, 2023