Reinsurance News
Ardonagh has agreed to a merger between its personal lines broking business Atlanta, and Markerstudy, to create a major new platform transacting over £3bn annual GWP across multiple insurance products in the UK insurance market. The transaction, s...
Posted: Sep 15, 2023
Origami Risk, a risk, safety, and insurance Software as a Service (SaaS) technology firm, has acquired Dais Technology, a provider of no-code insurance technology. Terms of the transaction were not disclosed. This move will increase Dais’ market r...
Posted: Sep 15, 2023
Amwins, a global distributor of specialty insurance products and services, has appointed Munawar Ali to the newly created position of Executive Vice President of Product Development & Capacity. In the role Ali will be responsible for overseein...
Posted: Sep 15, 2023
Core Specialty and its subsidiaries have entered into a series of transactions with Conifer Holdings to acquire Conifer’s Security & Alarm Business. Core Specialty explained that the Security & Alarm Business provides general liability, ex...
Posted: Sep 15, 2023
French reinsurer CCR Re is optimistic about the future following continued development and is confident of profitable growth, supported by its new ownership and capital injection, according to Deputy Chief Executive Officer (CEO), Laurent Montador...
Posted: Sep 15, 2023
Brit Ltd., a global specialty re/insurer and subsidiary of FairFax Financial Holdings Limited, has reported a strong underwriting and investment performance for the first half of 2023, as premiums rose to more than $2 billion. The company has toda...
Posted: Sep 15, 2023
The Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) has continued to expand access to parametric insurance in Central America by welcoming Honduras as its fourth member from the region. According to CCRIF, the Honduran government has pur...
Posted: Sep 15, 2023
Blackstone has announced the integration of its corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). According to the firm, Credit and Insurance is its fastest-growing segmen...
Posted: Sep 15, 2023
The National Flood Insurance Program (NFIP) has now paid out more than $4.3 billion in claim payments for 2022’s Hurricane Ian, which should mean that its reinsurance pays out, Reinsurance News has learned. A FEMA spokesperson told us that t...
Posted: Sep 15, 2023
Global Property and Casualty re/insurer, Sompo International, has announced a new leadership team for its UK commercial P&C insurance unit, with Bob Thaker being named as Chief Executive Officer (CEO) of the segment. Thaker will be reporting t...
Posted: Sep 15, 2023
In a recent market analysis, Guy Carpenter, a leading reinsurance brokerage firm, highlighted key trends in the trade credit, bond, and political risk reinsurance sector. Despite a backdrop of over-supply of reinsurance capacity, the market has ma...
Posted: Sep 15, 2023
In a strategic move aimed at further solidifying its presence in the insurance broking industry, the Clear Group has successfully acquired Heath Crawford & Foster Holdings Limited, along with its subsidiaries: Heath Crawford & Foster Ltd,...
Posted: Sep 15, 2023
USAA, a provider of insurance, banking, and investment and retirement solutions to members of the U.S. military, has appointed Tom Troy as its Chief Transformation Officer, effective September 25th 2023. In the newly created role, Troy will lead U...
Posted: Sep 15, 2023
Lloyd’s has announced a collaboration with Moody’s Analytics to develop a solution that will help quantify greenhouse gas emissions across managing agents’ underwriting and investment portfolios. According to Lloyd’s, the solution will aid m...
Posted: Sep 14, 2023
Allianz Holdings has appointed Henry Topham as the new managing director of its UK Retail business. He succeeds Heather Smith, who will be leaving the business to take up a new opportunity. Topham has been with Allianz since December 2016 and is c...
Posted: Sep 14, 2023
In a significant move to address the pressing issue of homeowners’ insurance availability in wildfire-prone areas, Delos Insurance Solutions has announced a successful $7.3 million seed extension funding round. The financing, led by IA Capit...
Posted: Sep 14, 2023
In a strategic move aimed at bolstering its renewable energy insurance services in Brazil, major international specialty insurer Tokio Marine has entered into a partnership with Clir Renewables (Clir), a global market intelligence platform special...
Posted: Sep 14, 2023
AXA XL, a prominent global insurance and reinsurance firm, has announced the appointment of Anthony Dagostino as the Global Chief Cyber Underwriting Officer for Commercial Lines. Dagostino, a seasoned professional with over 20 years of experience...
Posted: Sep 14, 2023
Ogier’s Banking and Finance team in Guernsey has advised the International Federation of Red Cross and Red Crescent Societies (IFRC) on the launch of its new risk transfer mechanism, which will “transform the organisation’s appro...
Posted: Sep 14, 2023
The hard market is not necessarily over, but most of the work of repricing has been done and the market is talking more about maintaining discipline, Shaun Barrington, CEO of UIB UK, commented speaking with Reinsurance News at the RVS 2023 Monte C...
Posted: Sep 14, 2023
As the world grapples with the urgent need to combat climate change and achieve the goals set by the Paris Agreement, a new report by Zurich Insurance Group and global insights agency Horizon Group sheds light on the progress and challenges faced...
Posted: Sep 14, 2023
“In California, our ongoing partnership with the Governor and Legislature to improve conditions for the consumers, homeowners, and businesses that make up our insurance marketplace is critical to crafting lasting solutions,” suggests t...
Posted: Sep 14, 2023
“The hard market will sustain through 2024 as the industry’s resolve to deliver adequate returns continues to hold,” suggested RBC Capital Markets in its Monte Carlo RVS 2023 takeaway report. RBC’s report noted that capital...
Posted: Sep 14, 2023
After a challenging renewal at the start of this year, the attention has swung back to the client ahead of 1.1, although reinsurers will maintain underwriting discipline and safeguard more favourable terms and conditions, according to Dirk Spenner...
Posted: Sep 14, 2023
Credits rating company AM Best has revised its outlook to stable from negative for the Long-Term Issuer Credit Ratings of Swiss Re and its rated operating affiliates, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-T...
Posted: Sep 14, 2023