Reinsurance News
African Risk Capacity Limited (ARC Ltd), Africa’s pioneering sovereign parametric development insurer, has announced a groundbreaking achievement with a record total payout of US$60 million in 2022. This milestone marks the largest payout si...
Posted: Sep 12, 2023
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported record gross written premium of nearly $145 billion in 2022, up from $128 billion in 2021. These figures stem from ABIR’s global underwriting report, which comp...
Posted: Sep 12, 2023
In a complex risk environment, and with renewals approaching, it is important for reinsurers to maintain discipline, said David Govrin, SiriusPoint’s Chief Underwriting Officer, at the Rendez-Vous de Septembre in Monte Carlo. “Market conditions fo...
Posted: Sep 12, 2023
Aeolus Capital Management, a leading player in the reinsurance industry, has announced the promotion of Fergus Morrison to the esteemed position of Partner, effective immediately, pending Bermuda immigration approval. Morrison, who has been an int...
Posted: Sep 12, 2023
In a groundbreaking move towards enhancing the security and accessibility of staking in Europe, Boerse Stuttgart Digital, a leading player in crypto and digital business among European stock exchange groups, has unveiled a strategic insurance part...
Posted: Sep 12, 2023
Chedid Europe Insurance & Reinsurance Brokerage Limited, a subsidiary of Chedid Capital, has acquired 100% of the share capital of UK-based Trilogy Managing General Agents Limited (Trilogy MGA) from Resolution Underwriting Holdings Limited. Ac...
Posted: Sep 12, 2023
At the RVS 2023 Monte Carlo event, Reinsurance News spoke with Jonathan Prinn, Chief Executive Officer (CEO), London, Inver Re, where he explained that he believes that the company’s clients should get a 365 day service where they are “...
Posted: Sep 12, 2023
Sompo International, a global leader in commercial and consumer property and casualty (re)insurance, has made key appointments to its North America Reinsurance leadership team. Apundeep Lamba has been named Head of Reinsurance, Canada, while Denis...
Posted: Sep 12, 2023
Aventum Group’s global speciality re/insurance broking business, Consilium, has announced the appointment of Richard Ellis as Associate Partner, placing specialist and complex property risks. Ellis is a market veteran with over 38 years of i...
Posted: Sep 12, 2023
A new report by AM Best, titled “Fewer Major Cat Events Limit Claims Activity for Latin America Reinsurers,” reveals that the global reinsurance landscape is experiencing a shift, with limited interest from global reinsurers in Latin A...
Posted: Sep 12, 2023
Insurance broker Lockton has announced the expansion of its risk advisory and insurance broking services in Norway, in response to demand in the region. Lockton Norway will now offer solutions for natural resources, renewable energy and large indu...
Posted: Sep 12, 2023
QBE Re, the reinsurance subsidiary of the QBE Insurance Group, has announced the appointment of Mark Jackaman as General Manager, London. Jackaman brings over 25 years of experience to the role, with the last 11 of his career being with QBE Re. Mo...
Posted: Sep 12, 2023
Everest Reinsurance, the reinsurance arm of Everest Group, has announced the promotion of Emily Davis to Global Head of Engineering, based in London. In her new role, Davis’ remit will include overseeing the strategic growth of the business line g...
Posted: Sep 12, 2023
Following ‘In Principle’ Lloyd’s approval, Probitas 1492 has announced the launch of “AdA SPA 2024” – a Special Purpose Arrangement (SPA) for the 2024 YOA. The SPA is headed up by ex-Munich Re Syndicate Deputy CUO Natasha Jodrell, who commented, “...
Posted: Sep 11, 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of...
Posted: Sep 11, 2023
Swiss Re is not expecting to see big shifts in attachment point strategy in the coming renewals, said Gianfranco Lot Chief Underwriting Officer P&C Reinsurance, speaking at the company’s annual press meeting in Monte Carlo. “Attachment points...
Posted: Sep 11, 2023
The MAPFRE Group has moved into 9th place in its 2022 rankings of Europe’s largest insurance groups, after its premiums increased by 10.8% to reach €24.540 billion, despite the complex macroeconomic and geopolitical context. According to MAP...
Posted: Sep 11, 2023
Speaking at S&P Global Ratings’ briefing at RVS Monte Carlo 2023, Johannes Bender director and lead analyst stated that “reinsurance pricing should be increased further for cyber.” During the briefing he addressed how cyber i...
Posted: Sep 11, 2023
Reinsurance broker Guy Carpenter has shed light on significant shifts in the supply and demand dynamics within the specialty reinsurance sector, encompassing non-marine, marine & energy, aviation & aerospace, and trade credit, bond & p...
Posted: Sep 11, 2023
Core technology infrastructure provider for the global re/insurance industry, inari, has raised $5.2 million in funding as part of its seed round led by Caixa Capital Risc, through Criteria Venture Tech, alongside CDTI. Founded in 2017, Barcelona-...
Posted: Sep 11, 2023
In the “Insurance Banana Skins 2023” report, a joint effort by PwC and CSFI, the global insurance industry’s primary concerns have been revealed, with mounting fears over cyber crime and escalating worries regarding climate chang...
Posted: Sep 11, 2023
In the “Insurance Banana Skins 2023” report, a joint effort by PwC and CSFI, the global insurance industry’s primary concerns have been revealed, with mounting fears over cyber crime and escalating worries regarding climate chang...
Posted: Sep 11, 2023
While rising losses from natural catastrophe events remains a significant challenge for the industry, Russell Higginbotham, Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, sees interesting opportunities in both commercial and spec...
Posted: Sep 11, 2023
“We don’t see a shortage of capacity, what happens is that the way that capacity has been deployed has become much more cautious,” AM Best’s Carlos Wong-Fupuy commented at the annual Rendez-Vous de Septembre (RVS) event in Monaco. The re/ins...
Posted: Sep 11, 2023
In a recent report by Swiss Re Sigma, the insurance industry’s cost of capital (CoC) has surged to its highest point in a decade due to a confluence of factors, primarily driven by the impact of the COVID-19 pandemic and subsequent economic...
Posted: Sep 11, 2023