Reinsurance News
Markel has announced the appointment of Rory Morison as the Managing Director of its Australian business, who will lead three new offices in the country that are set to open this month. The new offices are based in Sydney, Melbourne, and Brisbane....
Posted: Sep 14, 2023
The African Development Bank has unveiled a groundbreaking initiative, the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA), aimed at fortifying African countries against catastrophic weather-related events. This transformative facil...
Posted: Sep 14, 2023
Kin, the direct-to-consumer home insurance company, has announced the closing of a $33 million Series D extension. QED Investors led this funding along with returning investors like Geodesic Capital, Allegis Capital, Hudson Structured Capital Mana...
Posted: Sep 14, 2023
Cowbell, a prominent provider of cyber insurance tailored for small- and medium-sized enterprises (SMEs), has announced a strategic partnership with Zywave, a leading insurtech solutions provider. This groundbreaking collaboration is facilitated b...
Posted: Sep 14, 2023
Reinsurance companies have delivered outstanding returns to shareholders over the past five and ten years, outperforming not only the broader insurance industry but also many other sectors, including oil and gas, according to a BCG report. The ann...
Posted: Sep 14, 2023
reThought Flood, a technology-centric underwriting agency specialising in US flood risk, has unveiled two significant developments poised to strengthen its position in the insurance industry. In a strategic move, reThought has finalised an agreeme...
Posted: Sep 14, 2023
In a recent analysis of the aviation reinsurance market, Guy Carpenter highlights key trends that are shaping the industry. The report sheds light on several noteworthy developments that are influencing insurers and reinsurers alike. Guy Carpenter...
Posted: Sep 14, 2023
Athora Holding Ltd., the European savings and retirement services group, has announced strategic changes to its leadership team. Michele Bareggi will step down from his role as Deputy Chief Executive Officer (CEO) and President on September 18th,...
Posted: Sep 14, 2023
Specialty MGA UK, a recently formed managing general agent, has announced the appointment of Dermot Dick as Senior Underwriter for Energy. Dick brings more than 40 years of experience in the sector with expertise in writing risks for the marine, p...
Posted: Sep 14, 2023
Zurich Insurance Group (Zurich) has announced that Dirk De Nil, the current CEO of Zurich Benelux and Nordics, will transition to the role of Global Head of Zurich Resilience Solutions, effective October 1, 2023, marking a significant leadership c...
Posted: Sep 14, 2023
Global wholesale insurance brokerage and underwriter, Burns & Wilcox, has reached a definitive agreement to acquire Environmental Underwriting Solutions (EUS), a wholesale insurance broker specializing in placing complex environmental exposure...
Posted: Sep 14, 2023
Specialty insurance broker One80 Intermediaries, headquartered in Boston, has acquired the assets of Enviant from Euclid Program Managers. Enviant is based in Houston, Texas, and focused exclusively on providing a comprehensive suite of environmen...
Posted: Sep 13, 2023
Arch Insurance has announced the launch of Arch CyPro, a “pioneering cyber insurance solution designed to proactively safeguard businesses in an environment of rapidly evolving cyber threats.” According to the firm, Arch CyPro is power...
Posted: Sep 13, 2023
Launched in 2018, Orion180, a premier provider of insurance solutions began issuing homeowners insurance in noncoastal areas of Alabama and Mississippi this month. These insurance policies have been issued through its admitted insurer Orion180 Sel...
Posted: Sep 13, 2023
With climate change topping the list once again for PwC’s “Reinsurance Banana Skins” report, “it does not seem surprising” due to it being so dominant for all the major events that the industry has seen over the last 12 mon...
Posted: Sep 13, 2023
Insurance broker WTW’s quarterly survey shows that U.S. commercial insurance prices have continued to increase in the second quarter of 2023. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) compares insurance prices on polici...
Posted: Sep 13, 2023
Aon has announced the appointment of Jeff Plein as the Chief Operating Officer (COO) for the Asia-Pacific region. According to Aon, Plein will be based in Singapore, joining its Asia-Pacific Executive Committee and the Aon Business Services Global...
Posted: Sep 13, 2023
At the 2023 RVS Monte Carlo event Reinsurance News spoke with NewRe CEO Thomas Braune about what areas of growth he hopes to see within NewRe over the next year. “We have a strategy for property & casualty and profit, and our main focus is na...
Posted: Sep 13, 2023
Guy Carpenter, a global risk and reinsurance specialist, highlights the notable transformations and key trends in the non-marine retrocession market as 2024 approaches, shedding light on evolving strategies for buyers. One prominent trend identifi...
Posted: Sep 13, 2023
The Federal Emergency Management Agency (FEMA) has announced it will be procuring reinsurance for the National Flood Insurance Program (NFIP) to be effective on or about January 1, 2024. To participate in the reinsurance procurement, FEMA said tha...
Posted: Sep 13, 2023
As the global reinsurance industry meets in Monte Carlo for the 65th edition of the Rendez-Vous de Septembre (RVS), we spoke with the Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, Russell Higginbotham, about the division’s...
Posted: Sep 13, 2023
Mirek Wieczorek, Head of Reinsurance at ICW Group Insurance Companies, has emphasized the company’s versatile capabilities, describing it as “multidisciplinary” and well-prepared to thrive not only in conventional traditional mar...
Posted: Sep 13, 2023
After successfully utilising ZestyAI’s Z-FIRE model to evaluate property-level wildfire risk for homeowners’ insurance underwriting and rating in California, Millennial Specialty Insurance (MSI) will now expand ZestyAI’s climate...
Posted: Sep 13, 2023
Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group, has joined forces with KPMG Switzerland, a prominent professional services firm, to provide cutting-edge advisory services addressing the multif...
Posted: Sep 13, 2023
Miller, a leading specialist (re)insurance broker, has announced the appointment of Gérald Castanier to spearhead the establishment of a new European leasing practice. This strategic move aims to fortify Miller’s presence in the insurance se...
Posted: Sep 13, 2023