Reinsurance News
ICEYE, a provider of natural catastrophe solutions and insights, has been selected by the Federal Government of Australia to bolster disaster response by supplying near real-time flood and bushfire hazard data for all states and territories across...
Posted: Sep 07, 2023
Specialist Risk Group (SRG) has launched a new division serving the global Entertainment, Media, and Sport industry. To form the basis of this new division, SRG has built out a team of sector specialists. According to SRG, Specialist Risk Entertai...
Posted: Sep 07, 2023
In a recent Q&A session at the Guy Carpenter media briefing titled “A New Cadence,” Lara Mowery, Global Head of Distribution, shed light on the evolving landscape of the reinsurance industry, specifically highlighting how retention...
Posted: Sep 06, 2023
Guy Carpenter executives expect demand for reinsurance protection to grow heading into the January 2024 renewals, while the reinsurance broker also feels that catastrophe rates are broadly adequate after significant adjustments in 2023. During its...
Posted: Sep 06, 2023
As the reinsurance sector’s H1 underlying return on equity (ROE) surpassed the cost of capital for the second year running, Brian Shea, Global Head of Strategic & Financial Advisory, Gallagher Re, suggested the current strong financial p...
Posted: Sep 06, 2023
In a recent Moody’s survey, it has been revealed that cyber reinsurance prices are finally finding stability after years of significant increases. This development comes as insurers brace for the possibility of further rises in cyber loss co...
Posted: Sep 06, 2023
RSA Insurance has appointed Michael Jensen as Senior Specialist Underwriter – Accident & Health (A&H) in its UK Specialty Lines business. UK Specialty Lines is part of Intact’s Global Specialty Lines, which offers “integrated global...
Posted: Sep 06, 2023
Porch Group has announced that its insurance carrier, Homeowners of America Insurance Company (HOA), has been placed under temporary supervision by the Texas Department of Insurance (TDI) with regard to its exposure to the Vesttoo-linked letter of...
Posted: Sep 06, 2023
CCR Re, the French state-owned reinsurer, has reported a turnover of €907 million for the first half of 2023, up 19% from the same period last year, supported by stronger profitability in its non-life business segment. The reinsurer has today anno...
Posted: Sep 06, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Edwin Sim as the Vice President (VP) and Head of Executive & Professional Lines in Singapore. Sim is a market veteran with over 25 years of industry experience with...
Posted: Sep 06, 2023
Augment, a recently launched reinsurance broker that offers bespoke solutions to its partners, has appointed former Aon UK COO David Ledger as a Senior Advisor and Board Member. In his new role, Ledger will use his experience and insights across t...
Posted: Sep 06, 2023
The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced the launch of a groundbreaking financial mechanism to tran...
Posted: Sep 06, 2023
Alliant Insurance Services has announced the appointment of industry veteran, Doug Pera, as Executive Vice President and Director within its Alliant Americas division. Based in Richmond, Virginia, Pera brings to his new role over three decades of...
Posted: Sep 06, 2023
In a recent market analysis, AM Best’s report reveals that the insurance-linked securities (ILS) market is experiencing favourable conditions, resulting in advantageous terms and conditions for renewed and new programs. This has led to a sig...
Posted: Sep 06, 2023
Lloyd’s syndicate Carbon Underwriting Limited has announced a significant change in its senior leadership as Rupert Atkin takes over as Chairman, effective immediately. After more than five years of service, current Chairman Stephen Card will be s...
Posted: Sep 06, 2023
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced that its members renewed their parametric insurance policies at June 1, while GRENLEC, Grenada’s electric utility company, also purchased coverage for the first time. Accordin...
Posted: Sep 06, 2023
Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden’s ongoing strategy to form a leading broking operation in the Pacific r...
Posted: Sep 06, 2023
In a strategic move aimed at elevating client experience and strengthening engagement, AXA XL has appointed Manuel Meier as Chief Client Officer (CCO). The newly created role within the AXA XL Leadership team emphasises the company’s commitm...
Posted: Sep 06, 2023
Global insurer American International Group (AIG) has announced the transition of Lucy Fato from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effecti...
Posted: Sep 06, 2023
Aurora, a digital commercial insurance platform for micro, small and mediums-sized businesses, has announced that it has secured an additional £2.5 million in funding to accelerate its Algorithmic Trading proposition. The funding total is made up...
Posted: Sep 06, 2023
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is set to further expand its footprint across the UK market with a new senior appointment, as well as the launch of its AI-powered cyber insurance programme. In...
Posted: Sep 06, 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that “significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed...
Posted: Sep 06, 2023
Global advisory, broking, and solutions company WTW has announced the appointment of Cruz Gonzalez as its Lenders Solutions team leader in Europe, effective immediately. Based in Madrid, Gonzalez will be reporting to Andrew van den Born, Managing...
Posted: Sep 06, 2023
Global reinsurance capital rose 13% from the end of 2022 to $709 billion at half year 2023, as reinsurers benefited from improving underwriting results and a strong investment performance, according to reinsurance broker Gallagher Re. Industry cap...
Posted: Sep 06, 2023
Property and Casualty insurer Chubb has announced the appointment of George N. Nikolaou as head of Chubb Business Services EMEA in Thessaloniki, Greece. He joins Chubb with more than two decades of experience in finance and technology innovation i...
Posted: Sep 06, 2023