Reinsurance News
Parametric insurtech Descartes Underwriting, has appointed Marlène Luce as Head of Strategy & New Business. Luce is to lead Strategy & New Business, to identify and launch new growth drivers while maintaining Descartes’ data-driven, cartes...
Posted: Sep 27, 2023
In a strategic move aimed at bolstering cybersecurity practices for American businesses, Chubb, the world’s largest publicly traded property & casualty insurance company, has embarked on a collaboration with SentinelOne, a renowned leade...
Posted: Sep 27, 2023
In the recently released 2023 Travelers Risk Index, The Travelers Companies, Inc. highlighted that for the ninth consecutive year, cyber threats continue to rank among the top three business concerns for a wide spectrum of companies. The annual su...
Posted: Sep 27, 2023
Aon plc, a leading global professional services firm, has unveiled its groundbreaking insurance solution, FI Protect 360, in collaboration with several prominent London market insurers. This innovative offering is tailored to address the critical...
Posted: Sep 27, 2023
Safety National Re, a leading provider of insurance and reinsurance solutions, announced the appointment of Scott Steele as Vice President Treaty Reinsurance. In his new role, Steele will spearhead the production and underwriting of broker market...
Posted: Sep 27, 2023
Vantage Group Holdings Ltd. has announced the extension of its Contractors Pollution Liability (CPL) and professional liability offerings to Environmental Contractors and Consultants. According to the announcement, this pollution and professional...
Posted: Sep 27, 2023
Topsail Re has announced the appointment of Carol Sorenson as Vice President of Analytics. In the new role, Sorenson’s responsibilities will include pricing accounts and providing actuarial and pricing analytics. Before joining Topsail, Sore...
Posted: Sep 27, 2023
Pension Insurance Corporation plc (PIC), the specialist insurer of UK defined benefit pension schemes, has seen an “excellent first half of the year” with an adjusted operating profit (AOPBT) of £506 million and new business premiums of £6.5 billi...
Posted: Sep 27, 2023
A new survey commissioned by Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has revealed a concerning lack of cyber education within businesses, putting 3 out of 4 SMEs at risk due to inadequate risk...
Posted: Sep 27, 2023
In a rapidly changing landscape of environmental concerns and legal action, a new report by Gallagher Re sheds light on the escalating wave of climate litigation and its profound implications for the (re)insurance industry. This report highlights...
Posted: Sep 27, 2023
Specialist re/insurance broker, McGill and Partners, has collaborated with Renew Risk, a risk analytics SaaS provider for renewable energy assets, to develop bespoke catastrophe models for offshore wind portfolios. According to the announcement, t...
Posted: Sep 27, 2023
Property and casualty broker, NFP, has introduced Totalis Program Underwriters, a new brand for its specialty program business. “Totalis consolidates top specialty underwriters into a single integrated platform, offering niche specialty solutions...
Posted: Sep 27, 2023
International re/insurance broker UIB has expanded its operations in South America with the opening of two new companies in Peru. South Re, created by Jose Espinosa and Clara Escobar, and JEF Corredores de Seguros, headed by Ignacio Espinosa, will...
Posted: Sep 27, 2023
“Global insurers are adopting a strategic asset allocation (SAA) that favours flexibility, allowing them to take advantage of opportunities in public and private markets, and invest in the transition to a low-carbon economy,” suggests...
Posted: Sep 27, 2023
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG) has announced the appointment of Catherine Lyle as Senior Vice President and Head of Cyber Claims & Incident Response, effective September 25, 2023. Lyle will be reporting directly...
Posted: Sep 27, 2023
International specialist insurer Hiscox has entered into an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to Ignite Thailand Holdings Limited, the parent of the Roojai grou...
Posted: Sep 27, 2023
Korean Re has announced its financial results for the first half of 2023 reporting a net income of KRW 268.9 billion, with an underwriting income of KRW 215.3 billion. In the same period last year, the Seoul-based reinsurer reported a net income o...
Posted: Sep 27, 2023
Moody’s outlook for the UK life insurance sector remains strong, with a strong bulk annuity market and robust pension inflows supporting profitability, the credit rating agency has stated. This, according to analysts, will largely offset a decline...
Posted: Sep 27, 2023
SCOR has announced strategic appointments in senior positions. SCOR has announced the appointment of Claudia Dill as the Group’s Chief Operating Officer. Simultaneously, Redmond Murphy has been appointed as the Deputy Chief Executive Officer of SC...
Posted: Sep 27, 2023
(Re)insurance companies operating in Africa and various emerging markets continue to face significant challenges amidst a turbulent economic and geopolitical landscape, according to AM Best. These challenges have been further amplified by external...
Posted: Sep 27, 2023
Audax Private Equity has announced a partnership alongside management to invest in independent insurance and risk management agency Oakbridge Insurance. Oakbridge is an insurance brokerage firm focused on commercial P&C, employee benefits, sur...
Posted: Sep 27, 2023
In response to the challenging dynamics of the global reinsurance market, Youi, a prominent Australian insurance company under the Outsurance Group umbrella, has decided not to renew its aggregate reinsurance for the 2024 financial year. This stra...
Posted: Sep 27, 2023
In a recent webinar titled “Cyber ILS – How can it be brought to the capital markets?” hosted by Twelve Capital, Max Muehlbeyer, Senior Underwriter for Retrocessions & Capital Markets at Hannover Re, shed light on the challenges an...
Posted: Sep 26, 2023
Everest Insurance, the insurance division of Everest Group, Ltd., renowned for its global underwriting leadership, has unveiled its latest offering – Everest Business Travel Accident Insurance. This innovative addition enriches its Accident and He...
Posted: Sep 26, 2023
Moody’s, the global credit rating agency, has reaffirmed its negative outlook for the United Kingdom’s property and casualty (P&C) insurance sector, citing ongoing challenges stemming from escalating claims and reinsurance costs. T...
Posted: Sep 26, 2023