Reinsurance News
Resilience, a leading cyber risk solution provider, has announced a significant expansion of its underwriting capacity to offer up to £10 million in cyber insurance coverage for clients across the United Kingdom and European Union. This capacity b...
Posted: Oct 04, 2023
The 2023 Mid-Year Middle Market Indicator, conducted by Chubb and the National Center for the Middle Market (NCMM), shows middle market companies thriving, with a record-high three-quarters reporting improved performance despite economic challenge...
Posted: Oct 04, 2023
Technology-centric underwriting agency, reThought Flood, has promoted Catherine Myers, who joined the company late last year, to Chief Operating Officer (COO). In her new role, Myers’ remit will include overseeing reThought’s technology developmen...
Posted: Oct 04, 2023
Economic uncertainty is high, with recession and inflation risks still elevated, which highlights the value of scenario planning for re/insurers, according to a recent report by the Swiss Re Institute. The world economy is expected to continue to...
Posted: Oct 04, 2023
Skyward Specialty Insurance Group, Inc., a leader in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have announced the expansion of their captives partners...
Posted: Oct 04, 2023
Specialty insurer Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Angela Meyer to Head of Product Liability in North America (NA). Meyer previously served as the Head of Life Sciences in North America at BHSI. Meyer is...
Posted: Oct 04, 2023
AdvantageGo, a commercial re/insurance software provider, has announced a partnership to provide its Exact exposure management platform to Beat Capital Partners, a venture capital investor focused on the insurance industry. As an incubator of insu...
Posted: Oct 04, 2023
Munich Re Green Tech Solutions has completed its final certification of photovoltaic warranty insurance with Sunova Solar, a Tier 1 global energy solutions business that designs and manufactures clean renewable energy components. During a recent s...
Posted: Oct 04, 2023
Orlando domiciled insurance brokerage AssuredPartners has announced the appointment of Joe Braunstein as its Aerospace Managing Director effective September 18th, 2023, reporting to Eric Barfield, President of the division. Braunstein will be task...
Posted: Oct 04, 2023
Global data analytics and technology provider, Verisk, has made two new hires within UK sales and business development, as part of the firm’s international insurance market growth strategy. The company has appointed Robert Stewart as Directo...
Posted: Oct 03, 2023
Scandinavian insurance company Tryg has announced strategic and structural changes – including the merging of two lines and the redundancy of hundreds of employees – aimed to enhance the company’s competitiveness and resilience both sh...
Posted: Oct 03, 2023
London-based specialist insurance and reinsurance marketplace, Lloyds, has issued a new market bulletin for members which outlines some changes to the use of letters of credit (LOCs) within Tier 2 capital limits, and underlines the need for freque...
Posted: Oct 03, 2023
Boost Insurance, a leading insurance infrastructure platform, has announced a strategic partnership with Canopius US Insurance Holdings, Inc., a subsidiary of the Canopius Group. This partnership aims to provide long-term risk capacity for insuran...
Posted: Oct 03, 2023
Insurance broker WTW, has announced the appointment of Hannah Fearn as Director of the Financial Solutions team. Fearn brings over 15 years of trade finance and insurance experience to her new role. She joins WTW from the law firm Sullivan & W...
Posted: Oct 03, 2023
Global specialty re/insurance broker, McGill and Partners is to move to a brand-new office space in the heart of the City of London’s insurance district. The broker has a heads of agreement with M&G to move into 40 Leadenhall London. A buildin...
Posted: Oct 03, 2023
Liberty Specialty Markets (LSM) is pleased to announce the appointment of Nicole Lim as Chief Executive & Principal Officer, Singapore, effective January 2, 2024, subject to regulatory approval. Lim initially joined Liberty in 2003 and has sin...
Posted: Oct 03, 2023
The Bank of England (BoE) is planning to develop a new lending tool for insurers, and other non-bank financial institutions like pension funds, to provide access to emergency cash during times of market stress. This new tool is to be created to he...
Posted: Oct 03, 2023
The Bank of England (BoE) is planning to develop a new lending tool for insurers, and other non-bank financial institutions like pension funds, to provide access to emergency cash during times of market stress. This new tool is to be created to he...
Posted: Oct 03, 2023
The Andrews Sykes Group Pension Scheme has insured the benefits of its defined benefit pension scheme with Canada Life in a transaction of £30 million, following a competitive tender process run by leading pensions and financial services consultan...
Posted: Oct 03, 2023
Independent Specialty managing general underwriter (MGU) Palisade Insurance Partners, LLC, has announced the appointment of Scott Stevenson as Head of US Risk and Mark de la Haye as Head of UK and Europe Risk. Palisade specialises in underwriting...
Posted: Oct 03, 2023
During a recent interview with Reinsurance News, BMS Re’s President & Chief Executive Officer, US, Pete Chandler discussed what areas of growth he hopes to see within the company over the next few years. He explained that BMS Re is very...
Posted: Oct 03, 2023
Topsail Re has announced the appointment of Trina Gooch as Director of Client Services. Topsail Re describes Gooch as a seasoned reinsurance professional who holds over three decades of primary and reinsurance underwriting, management, and regulat...
Posted: Oct 03, 2023
Leading credit rating agency Moody’s has upgraded the Insurance Financial Strength Rating (IFSR) of Coface, a prominent player in the credit insurance industry, from A2 to A1. Additionally, Moody’s has revised the outlook for Coface to...
Posted: Oct 03, 2023
Climate insurer Blue Marble and Nestlé have launched a pilot weather insurance programme in Indonesia designed to provide over 800 smallholder coffee farmers with financial protection against unpredictable weather rainfall and drought. The weather...
Posted: Oct 03, 2023
Independent insurance broker, Lockton, has announced the appointment of Tom Rowley as the Europe division’s new Head of North American Property. Based in London, he will take up his role with immediate effect. He will be responsible for driving fo...
Posted: Oct 03, 2023