Reinsurance News
Generali has announced that Giulio Terzariol will join the firm as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024. Generali explained that as CEO Insurance, Terzariol wil...
Posted: Oct 02, 2023
Global insurance group Howden has unveiled a new brand as it brings together its global broking operations under one name. The rebrand follows Howden’s announcement in April that it would unify its business structure under a single, aligned global...
Posted: Oct 02, 2023
PPL Next Gen, the new electronic trading platform for the London insurance market, is the only PPL platform available for placing new risks following the switchover on October 1st, 2023. PPL has now removed the option to create a new or renewal fi...
Posted: Oct 02, 2023
The United States insurance industry is grappling with a persistent wave of social inflation, with liability claims costs surging by an annual average of 16% over the last five years, according to Swiss Re Institute. This trend far outpaces the av...
Posted: Oct 02, 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has successfully implemented the Clearwater platform to drive its investment strategy. Clearwater Analytics is a leading provider of SaaS-based investment ma...
Posted: Oct 02, 2023
Independent Specialty managing general underwriter, Palisade Insurance Partners, LLC, has announced senior appointments across its business geography. Scott Stevenson has been appointed as the Head of US Risk, based in New York, and Mark de la Hay...
Posted: Oct 02, 2023
In Jefferies’ recent “Assessing the Wider Implications of a Slimmer Society” report, the firm’s analysts underlined some of the key ways in which Glucagon-like peptide-1 receptor agonists (or GLP-1s) could affect the re/ins...
Posted: Sep 29, 2023
Verisk, a global data analytics and technology provider, has unveiled a substantial update to its ISO Businessowners (BOP) program, aiming to assist insurers in adapting to the dynamic landscape of contemporary business risks. As businesses contin...
Posted: Sep 29, 2023
Aegon, a leading international insurance and financial services company, received shareholder approval for the initial phase of its redomiciliation to Bermuda at an Extraordinary General Meeting (EGM). The decision, which represents a pivotal stra...
Posted: Sep 29, 2023
Bermuda-based re/insurer, Aspen Insurance Holdings Limited, has announced the appointment of Bobby Bianconi as Global Head of Cyber. In his new role, based in Connecticut, Bianconi will lead Aspen’s Global Cyber underwriting team, overseeing its u...
Posted: Sep 29, 2023
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has partnered with Stone Point Credit Advisers LLC to launch Monarch Point Re, a new, Bermudian collateralized reinsurer with over $400 million of capital raised. The more than $4...
Posted: Sep 29, 2023
In a recent analyst report by BMO Capital Markets, Lemonade, the innovative insurtech company, has found itself in a precarious financial position, with its profitability prospects looking increasingly distant. The report highlights several key fa...
Posted: Sep 29, 2023
After insurers reported their half-year 2023 results under IFRS 17 for the first time, they believe substantial work is still needed to better understand and explain results under the new accounting framework, and improve business as usual reporti...
Posted: Sep 29, 2023
W. R. Berkley Corporation has announced the appointment of John J. Forte as President of Berkley Public Entity. Berkley Public Entity is a provider of casualty insurance and reinsurance solutions for municipalities, counties, school districts, spe...
Posted: Sep 29, 2023
French insurer Groupama has released its first half of the year financial results reporting an improved net income of €447m, compared to pro forma net income at 30 June 2022 of -€96m (€232m in IFRS 4 standards at 30 June 2022). The group’s economi...
Posted: Sep 29, 2023
Athora Holding Ltd., a European savings and retirement services group, has reported its half-year results of 2023, announcing a €59 million IFRS profit before tax, compared to a loss of €1.25 billion for the half year 2022. At the same time, the f...
Posted: Sep 29, 2023
American International Group, Inc. has announced the appointment of Patricia Walsh as its Executive Vice President and General Counsel, effective December 1, 2023. Walsh will report to Peter Zaffino, AIG Chairman & CEO, and will serve on AIG’s...
Posted: Sep 29, 2023
Millennial Specialty Insurance, LLC (MSI), an indirect subsidiary of BRP Group, Inc., has launched a new homeowners program catering to High-Net-Worth (HNW) customers in collaboration with MS Transverse. The enhancements to the policy include flex...
Posted: Sep 29, 2023
Despite seeing strong growth in its Accredited business in H1 of 2023, R&Q Insurance Holdings has reported a pre-tax operating loss of $58 million, primarily due to adverse reserve development in R&Q Legacy reserves of $40 million. R&Q...
Posted: Sep 29, 2023
Nascent Group Ltd. has unveiled a significant strategic move today, with the announcement of its agreement to acquire Bermuda Compliance Consultants Ltd. (BCCL). The acquisition, slated to close in the fourth quarter of 2023, marks a pivotal step...
Posted: Sep 29, 2023
RSA Insurance, a leading global insurance provider, has announced the appointment of Matt Houghton as the new Head of Financial Risks for its Mid-Market Commercial Lines business. This strategic move reinforces RSA’s commitment to managing a...
Posted: Sep 29, 2023
The Prudential Regulation Authority (PRA) has announced it is consulting on a significant package of reforms to the Matching Adjustment (MA) to “improve the flexibility for life insurers to make more productive, long-term investments in the...
Posted: Sep 29, 2023
InsurSec provider At-Bay has announced the appointment of Kristie Felton as its Head of Insurance, a role she has held on an interim basis since March 2023. Rotem Iram, CEO and Co-Founder, At-Bay, commented, “Kristie is a phenomenal leader a...
Posted: Sep 29, 2023
Thomas Miller Holdings, the parent company of Thomas Miller Group, a provider of insurance services, has announced the appointment of James Quin as a Non-Executive Director, effective January 1st, 2024. Along with the new role, Quin will also take...
Posted: Sep 29, 2023
Argenta Holdings Limited subsidiary, Argenta Syndicate Management Limited (ASML), has announced that it has selected Moody’s ESG insurance underwriting solution as part of its net-zero commitment. The company will leverage Moody’s advanced name-ma...
Posted: Sep 29, 2023