Reinsurance News
Global specialty insurance broker Price Forbes, part of the Ardonagh Group, has appointed Nick Gavin-Powell as its new Head of Private Clients. In his new role, Gavin-Powell will lead a team of experts that will develop products and solutions for...
Posted: Sep 07, 2023
Renew Risk, a London-based clean-energy risk analytics Software-as-a-Service (SaaS) startup, has raised £1.7 million in seed funding to improve the financing, planning and insurance for renewable energy assets. The funding round was led by strateg...
Posted: Sep 07, 2023
Insurtech Vesttoo has now filed its first interim report in the U.S. bankruptcy court for Delaware following its investigation into fraudulent letters of credit (LOC), and says that its scrutiny of the matter has identified that “pervasive a...
Posted: Sep 07, 2023
VIG Re, the reinsurance arm of Vienna Insurance Group, is pleased to announce the appointment of Sven Trautner as its Chief Strategy Officer (CSO) and Head of Corporate Development, effective October 1, 2023. In this pivotal role, Trautner will sp...
Posted: Sep 07, 2023
Italian insurer Generali has placed a new Euro denominated Tier 2 bond maturing in September 2033, issued in green format in accordance with its Sustainability Bond Framework. According to the announcement, an amount corresponding to the net proce...
Posted: Sep 07, 2023
Verisk has launched a new predictive strikes, riots, and civil commotion (SRCC) data model developed for political violence underwriters, exposure analysts, modellers, and specialty reinsurers as part of the Lloyd’s Lab accelerator programme. Rele...
Posted: Sep 07, 2023
Bermuda-based insurer and reinsurer Hamilton Insurance Group, Ltd. has submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common sha...
Posted: Sep 07, 2023
Fitch Ratings has revised its global reinsurance sector outlook to ‘improving’ from ‘neutral’ reflecting the sector’s strengthening financial performance that is anticipated to extend into 2024. The rating agency noted in a recent report that near...
Posted: Sep 07, 2023
Christian Mumenthaler, CEO of reinsurance giant Swiss Re, expects the hard market to sustain and is pleased with how terms and conditions (T&Cs) have evolved throughout 2023, and sees a huge need for reinsurers to become more profitable after...
Posted: Sep 07, 2023
Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has appointed Marco Schiattone as Global Head of Financial Risk. In the role, he will be based in Zurich. He will also report to Artur Klinger, Head of International Reinsurance...
Posted: Sep 07, 2023
Phinsys, a finance automation software provider specialising in the (re)insurance sector, has announced the successful completion of Conduit group’s (Conduit Re) initial implementation of its comprehensive suite of finance and accounting pro...
Posted: Sep 07, 2023
CAPE Analytics, a frontrunner in AI-powered property intelligence, has unveiled an enhanced hail product suite designed to equip property insurers with an all-encompassing toolkit for evaluating and pricing property-level hail risk. Hail has emerg...
Posted: Sep 07, 2023
Global insurance brokerage and financial services firm, HUB International Limited (HUB), has announced the appointment of Robert Hartman to the newly created role of Executive Vice President of Strategic Client Service Operations. Hartman will als...
Posted: Sep 07, 2023
Howden Tiger has announced that Tim Radford has joined as Executive Director, Capital Solutions. Radford joins Howden Tiger from Aon, where he was a Broker within the Capital Advisory team, specialising in Funds at Lloyd’s where he led and was inv...
Posted: Sep 07, 2023
Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Clive Buesnel as Managing Partner International, effective mid-Oc...
Posted: Sep 07, 2023
Mercer, a business of Marsh McLennan, has appointed Olaolu Aganga as Partner, US Chief Investment Officer (CIO), effective immediately In her new role, Aganga will report to Hooman Kaveh, Global CIO , and she will also join the leadership team for...
Posted: Sep 07, 2023
Re/insurance marketplace Lloyd’s has announced the 12 insurtech firms set to join the 11th cohort of its innovation hub, the Lloyd’s Lab, which will focus on climate, cyber and sustainability in Asia Pacific. The new theme introduced this year wil...
Posted: Sep 07, 2023
Canopius, a global specialty re/insurer, has appointed Lucy Bennett as Head of Equality, Diversity and Inclusion (EDI), with immediate effect. In her new role, Bennett will be responsible for elevating Canopius’ EDI programme as the business works...
Posted: Sep 07, 2023
LIBRA Insurance Partners, an independently-owned life insurance marketing organization (IMO) in the United States, has partnered with Highland Capital Brokerage (HCB), a national life insurance and annuity distribution company and a subsidiary of...
Posted: Sep 07, 2023
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has launched Circ, its industry-leading regulatory offering to monitor, analyse, interpret, and implement regulatory changes. Circulars have beco...
Posted: Sep 07, 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line to acquire its brokered Commercial Lines operations for an initial cash consideration of £520 million. The deal also includes the potential for up to a...
Posted: Sep 07, 2023
SCOR has laid out a new strategic plan for 2024-2026, Forward 2026, in an effort to “fully benefit from the most supportive market environment in the past two decades.” According to SCOR, the rapidly evolving risk landscape has led to...
Posted: Sep 07, 2023
Full-service retail insurance broker McGriff has announced that it has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage firm that specializes in captive insurance. Read Davis, CEO of McGriff’s Specialty and Middle...
Posted: Sep 07, 2023
The marketplace for re/insurance, Lloyd’s, has reported a strong set of results for H1 2023, with an underwriting profit of £2.5 billion, a significant increase from H1 2022’s £1.2 billion. The strong underwriting result was driven by relatively l...
Posted: Sep 07, 2023
Enstar Group Limited has announced one of its subsidiaries has signed an agreement with American International Group, Inc. to provide protection against adverse development on a portion of Validus Re’s loss reserves. It is one of Enstar’s wholly-o...
Posted: Sep 07, 2023