Reinsurance News
Goldman Sachs, a prominent player in the financial industry, has offered insights into the evolving landscape of reinsurance structures, which are seeing primary retentions shift higher, and the growing interest in alternative capital funding, sig...
Posted: Sep 13, 2023
Artex Capital Solutions, a division of Artex Risk Solutions, Gallagher’s wholly-owned subsidiary, has acquired Bermuda-based Frontier Financial Services Limited. Frontier is a management firm that specialises in consulting, recruitment, busi...
Posted: Sep 13, 2023
Mosaic Insurance continues its rapid growth in the Canadian specialty insurance market, solidifying its presence by assembling a team of seasoned underwriting specialists across five crucial product lines. Since establishing its Toronto office in...
Posted: Sep 13, 2023
In a strategic move aimed at bolstering its presence in the international specialty market, Westfield Specialty has announced the appointment of Joseph England as Chief Underwriting Officer (CUO) for its international division. England brings with...
Posted: Sep 13, 2023
AXIS Capital Holdings has announced that Edmond Wu has joined as Head of Distribution – Specialty Markets, North America. According to AXIS, Wu holds extensive specialist knowledge and experience which includes executive positions with both broker...
Posted: Sep 13, 2023
In a collaborative effort, Guy Carpenter and Marsh McLennan’s Cyber Risk Intelligence Center have released a comprehensive report addressing concerns by insurance-linked securities (ILS) investors regarding the potential correlation between...
Posted: Sep 13, 2023
Commercial insurance, risk management and employee benefits brokerage group, Assurex Global, has announced the appointment of Jamie Gregory as Senior Vice President, P&C Carrier Strategies. Gregory’s remit includes leading the company’s P&...
Posted: Sep 13, 2023
Property and casualty re/insurer Sompo International has announced the appointment of Mondale Smith as AgriSompo’s Senior Vice President and International Operations Deputy. AgriSompo is the company’s multinational crop insurance platform. Smith w...
Posted: Sep 13, 2023
Ryan Specialty’s wholesale distribution specialty, RT Specialty, has announced the promotion of Jim Mitchell to President of its national workers’ compensation practice. The appointment is effective immediately. Mitchell has been with RT Specialty...
Posted: Sep 13, 2023
AXA XL has appointed Odette Novoa as Underwriting Manager, Fine Arts & Specie for the US Central Region. For the new role, Novoa is charged with managing all aspects of the underwriting operations within the central region. This includes portf...
Posted: Sep 13, 2023
Global reinsurance broker Lockton Re has announced the launch of its Global Mortgage and Structured Credit segment, which will be co-led by Sean Hannah and Joe Koebele. Nick Durant, CEO, North America, Lockton Re, commented on the new segment, “We...
Posted: Sep 12, 2023
Bermuda-based reinsurer Conduit Re has deployed more capital into non-cat classes of business and continues to explore opportunities in increasingly attractive areas, Chief Executive Officer (CEO) Trevor Carvey told Reinsurance News in Monte Carlo...
Posted: Sep 12, 2023
BMS Group has acquired Canada-domiciled insurance brokers, Smith & Reid Insurance Brokers Ltd and O’Neil Insurance. Led by President Jeff Smith and Vice-President Dan Reid, Smith & Reid Insurance Brokers provides expertise in specialised l...
Posted: Sep 12, 2023
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, has launched its Cyber Partnership Platforms – a programme for cedents wishing to either enter the cyber risk market or expand their existing participation. Envelop...
Posted: Sep 12, 2023
With re/insurers facing a growing protection gap, they are struggling to demonstrate the value of their products as well as to price them in a way they can provide suitable returns, according to Greg Carter, Managing Director, Analytics EMEA &...
Posted: Sep 12, 2023
Unifying the investment management process on BlackRock’s technology platform, Aladdin promotes the creation of a surface for data to flow, enabling integration and data consistency for clients, according to David Schneid, General Manager of Aladd...
Posted: Sep 12, 2023
In a recent assessment of the Marine and Energy reinsurance market, Guy Carpenter, a leading global risk and reinsurance specialist, has highlighted key market trends and challenges that are reshaping the industry. The ongoing Russia-Ukraine confl...
Posted: Sep 12, 2023
MS Transverse, a leading figure in the reinsurance industry, appointed Chris Cebula as Senior Vice President of Reinsurance. With a distinguished career spanning numerous accomplishments within the reinsurance sector, Cebula brings a wealth of kno...
Posted: Sep 12, 2023
Trium Cyber, the renowned cyber insurance specialist affiliated with Lloyd’s of London, has announced the appointment of Joseph Dumas as the Head of Risk and Analytics for its US-based services company. This significant addition to the team...
Posted: Sep 12, 2023
“The current market environment is arguably a generational opportunity for reinsurers, with risk-adjusted rate increases across property-catastrophe lines at their highest levels since the advent of catastrophe modelling and quantitative ris...
Posted: Sep 12, 2023
A perfect storm of premium rating, investment earnings on premiums and reserves, as well as the impressive half-year performance of Lloyd’s, means investors are expecting good things from accessing the returns of the oldest insurance market in the...
Posted: Sep 12, 2023
During Swiss Re’s press briefing at RVS Monte Carlo 2023, Gianfranco Lot, Swiss Re’s Chief Underwriting Officer, Property & Casualty Reinsurance, explained that cyber insurance is yet to evolve to the same levels as property cat. W...
Posted: Sep 12, 2023
Aon plc, a global professional services firm, has unveiled startling research pinpointing a dramatic 80% rise in severe convective storm (SCS) losses, primarily driven by exposure growth. The findings have far-reaching implications for insurers an...
Posted: Sep 12, 2023
Lockton has signed a long-term strategic partnership agreement with Jhasa, a Spanish independent insurance and reinsurance broker specialised in the construction, energy and M&A sectors. Lockton notes that since its launch in 2019, Jhasa has g...
Posted: Sep 12, 2023
Moody’s RMS has announced the launch of its Cyber Industry Steering Group to develop industry initiatives that respond to the growth of the global cyber insurance market. According to Moody’s RMS, leading market participants Munich Re and Ga...
Posted: Sep 12, 2023