Reinsurance News
Miller, a leading independent specialist (re)insurance broker, and Clearwater Dynamics (CWD), in collaboration with Ukrainian authorities, have joined forces to introduce comprehensive War Risks insurance coverage for vessels operating in the Blac...
Posted: Sep 26, 2023
Global specialty re/insurer Canopius has entered an underwriting platform partnership with AdvantageGo, a commercial re/insurance technology provider. Through this partnership, AdvantageGo’s workbench will be implemented across all lines of insura...
Posted: Sep 26, 2023
With cyber crime fears being heavily highlighted in PwC’s “Insurance Banana Skins 2023” report, Reinsurance News spoke to Jim Bichard, Partner and Global Insurance Leader at PwC, at RVS 2023 about what the industry needs to do to...
Posted: Sep 26, 2023
Pacific Life Re has appointed Ranbir Dehal as its new Vice President Corporate Actuarial in the Europe business unit. Dehal joins Pacific Life Re Europe from Wesleyan Assurance Society, where he served as Head of Actuarial covering SII reporting,...
Posted: Sep 26, 2023
In a bold move to champion sustainability and bolster the clean energy sector, global reinsurer Ariel Re has officially rebranded its Clean Energy division as “Ariel Green.” Recognising the pivotal role of Technology Performance Insura...
Posted: Sep 26, 2023
Managing General Agent, Redline Underwriting, has been approved as a Lloyd’s coverholder as it continues expanding its operations. Redline Underwriting, legally known as Reinsurance Distribution Lines LLC, is based in Miami with presence in Mexico...
Posted: Sep 26, 2023
James River Group Holdings has announced that certain of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers’ Compensation (IRWC) business to Amynta Group. The transaction includes the full o...
Posted: Sep 26, 2023
The German Insurance Association (GDV) has reported that damage caused by storms, hail, lightning, and floods in August total €1.5 billion, driven by the severe storms at the end of the month. Jörg Asmussen, Managing Director of the GDV, explained...
Posted: Sep 26, 2023
Specialty insurer and part of Arch Capital Group, Arch Insurance (Bermuda), has announced the appointment of Matthew Smith as Managing Director, following the retirement of Tony Hay at the end of this year. Effective January 1st, 2024, Smith will...
Posted: Sep 26, 2023
Associated Electric & Gas Insurance Services Limited (AEGIS), has announced the retirement of William P. Cullen as President and Chief Executive Officer after a 26-year career at the company. According to the announcement, he will be succeeded...
Posted: Sep 26, 2023
The offshore wind industry is poised for growth, but developers and their insurers need to successfully manage a range of risks to successfully scale this industry globally, said Allianz in a recent report. In ‘A turning point for offshore wind’,...
Posted: Sep 26, 2023
Arthur J. Gallagher & Co. has acquired San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc. Hartley Cylke Pacific Insurance is a retail insurance broker that specialises in transportation for clients throughout California...
Posted: Sep 26, 2023
PIB Group Ltd, a prominent player in the insurance industry, has announced the appointment of Charles Burgess as the CEO for Underwriting & Schemes. This strategic move is part of PIB’s ongoing efforts to strengthen its executive team an...
Posted: Sep 26, 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) and the Association of British Insurers (ABI) have announced a landmark Memorandum of Understanding (MoU), solidifying their commitment to collaboration in critical areas of the global insu...
Posted: Sep 25, 2023
Global professional services firm Aon, has announced the appointment of Jake Nichols as Senior Managing Director, Global Clients Leader, Bermuda, within Reinsurance Solutions. As part of Aon’s Risk Capital capability, Nichols will develop innovati...
Posted: Sep 25, 2023
With inflation-driven political unrest in Latin America fuelling a rise in demand for political violence insurance, specialty re/insurer Chaucer’s Political Violence insurance product has an extension for Mexican cartel activity. There was an incr...
Posted: Sep 25, 2023
Howden Tiger Capital Markets & Advisory (HTCMA) has strengthened its team with the appointment of Cate Kenworthy as Managing Director. According to Howden Tiger, Kenworthy holds a wealth of experience and will be a valuable asset to a company,...
Posted: Sep 25, 2023
Sensible Weather, a climate finance platform dedicated to empowering individuals to confidently engage with the world around them, has recently announced the closure of a strategic investment from Amex Ventures. This funding round also witnessed p...
Posted: Sep 25, 2023
In response to California Governor Gavin Newsom’s executive order and the California Department of Insurance Commissioner Ricardo Lara’s proposal to address the state’s insurance market challenges, Guidewire CEO Mike Rosenbaum is...
Posted: Sep 25, 2023
Global insurer Generali and the United Nations Development Programme (UNDP) launch the “Insurance Innovation Challenge Fund” aimed to facilitate and incentivise the development of innovative insurance solutions in Malaysia. At the same time, toget...
Posted: Sep 25, 2023
PwC UK has announced a strategic alliance with Clearspeed Inc., a prominent voice analytics technology provider, to introduce cutting-edge solutions for accurate and automated risk assessment on a larger scale. This partnership aims to empower PwC...
Posted: Sep 25, 2023
Addressing Lloyd’s participants and partners, Dawn Miller, Lloyd’s Commercial Director, stated that the Lloyd’s Lab has played a “significant role in driving value into the global marketplace”. Speaking at the Lloyd’s lates...
Posted: Sep 25, 2023
International insurance group Ageas has announced the completion of the sale of its French life insurance, savings and pension business to La Mutuelle Epargne Retraite Prévoyance Carac (Carac). According to the announcement, all regulatory approva...
Posted: Sep 25, 2023
Placing Platform Limited has confirmed that, as planned, on 1st October, Next Gen will become the only PPL platform available to place new risks. According to the firm, from this date, the option to create a new firm order will be removed, though...
Posted: Sep 25, 2023
In a recent analysis, JP Morgan has expressed a positive outlook for the European insurance sector, despite its underperformance in the first part of 2023. The investment bank highlights several key factors that make the sector an attractive inves...
Posted: Sep 25, 2023