Reinsurance News
Lloyd’s focused investment vehicle, Helios Underwriting, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2021 and 2022 years of account, based on 2nd quarter 2023 estimates. The company, which acquires...
Posted: Aug 31, 2023
The insurance division of Everest Group, Ltd., Everest Insurance, has announced the appointment of Melissa McDermott as Global Chief Actuary, effective immediately. McDermott joins Everest Insurance’s experienced leadership team of global ex...
Posted: Aug 31, 2023
Analysis by global ratings agency AM Best finds that reinsurance companies lead the way on innovation, with efforts continuing to pay off more than three decades after initially developed following the severe natural catastrophe years of 1989 thro...
Posted: Aug 30, 2023
S&P Global Ratings has revised its outlook on Switzerland-based Echo Re to positive from stable, a move that reflects the reinsurer’s improved operating performance. The rating agency also affirmed Echo Re’s ‘A-‘ long-term issuer c...
Posted: Aug 30, 2023
Hurricane Idalia insured losses seem to be very manageable as they are estimated to remain in the low-single-digit billions – well below $10 billion -, according to Keefe, Bruyette & Woods (KBW) analysts. Having made landfall on the big...
Posted: Aug 30, 2023
Sompo International, the global provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Vicky Sarjeant as Head of Energy Insurance, Asia Pacific. Sarjeant will be based in Singapore, and report to P...
Posted: Aug 30, 2023
Brussels-headquartered multinational insurer Ageas has reported a total net operating result of the Reinsurance segment of €66 million for the first half of 2023, a significant increase compared to last year mainly due to benign weather. Last year...
Posted: Aug 30, 2023
A strong full-year 2023 of earnings is predicted for Munich Re, Swiss Re, Hannover Re and SCOR as they see stronger earnings in the first half of the year with improved resilience despite inflation and natural catastrophes, Moody’s analysts have r...
Posted: Aug 30, 2023
Tysers, an independent Lloyd’s broker and member of the AUB Group, aims to transform broking operations with Tconnect. Tconnect serves as an innovative and agile platform that manages and streamlines the end-to-end life cycle of a policy providing...
Posted: Aug 30, 2023
Aviva has announced the appointments of Jason Storah as CEO of UK & Ireland General Insurance, and Tracy Garrad as CEO of Aviva Canada. The two appointments are subject to regulatory approvals. Storah is a market veteran with over 20 years of...
Posted: Aug 30, 2023
Hurricane Idalia has now made landfall on the big bend section of the Florida coast as a major Category 3 hurricane, and continues to move towards the north-northeast at a speed near 18mph, according to the latest update from the NHC. The NHC repo...
Posted: Aug 30, 2023
China’s largest reinsurance company, China Re, has disclosed it achieved a net profit of RMB 2.067 million in H1 of 2023, up substantially from RMB 365,972 in the same period last year. China Re’s gross written premiums during H1 amounted to...
Posted: Aug 30, 2023
Global insurance group Howden has announced the appointment of Bozidar Ljubisavljevic as Executive Director, Marine, a role based in its Singapore office. Ljubisavljevic has 22 years of industry experience and joined Howden in Dubai in 2019 as Reg...
Posted: Aug 30, 2023
Chinese insurer Ping An’s P&C unit reported a growth of 7.8% year on year in insurance revenue to RMB 155,899 million in the first half of 2023. The company said the unit maintained good business quality with steady growth in insurance r...
Posted: Aug 30, 2023
Ryan Barker has been appointed to the role of Chief Technology Officer of Hiscox Re & ILS, the reinsurance and insurance-linked securities arm of specialist global insurer Hiscox. Barker who will join the firm on October 2, 2023, will be respo...
Posted: Aug 30, 2023
Specialist insurer and reinsurer Apollo, and Artificial Labs, the algorithmic underwriting insurtech, have launched a new smart follow collaboration to unlock fast, consistent and reliable capacity for London market brokers. This launch follows on...
Posted: Aug 30, 2023
As cyber insurance remains the fastest growing sub-sector of the global insurance market, S&P has underlined the importance of reinsurance in the development of a sustainable and effective market. According to S&P, primary carriers ceded a...
Posted: Aug 30, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Kiki Hinrichsen to the additional role of Head of Healthcare in Germany. Hinrichsen, who joined BHSI in 2021, has almost two and a half decades of industry experience, much of it focused o...
Posted: Aug 30, 2023
Vienna Insurance Group (VIG) has reported that gross written premiums increased to €7.3 billion in H1, up by 10.8% compared to the same period last year. According to VIG, all reportable segments showed premium growth compared to H1 of the previou...
Posted: Aug 30, 2023
Idalia has rapidly intensified into a major Category 3 hurricane with sustained winds of 125 mph and the latest forecast from the NHC is for peak sustained winds of up to 132 mph before landfall, with peak gusts estimated to exceed 160 mph. Hurric...
Posted: Aug 30, 2023
Aston Lark, a Howden company, has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker. Trading under the Haven Knox-Johnston name, Curtis Marine will become part of Howden’s rapidly expanding marine practice. The b...
Posted: Aug 30, 2023
The insurance industry has essentially focused its attention on what is regarded as “primary’ perils”, which mainly involves tropical cyclones and earthquakes, according to Rob Stevenson, Senior Client Director of Moody’s RMS. In a rec...
Posted: Aug 30, 2023
A new approach in determining rates for policies issued through the National Flood Insurance Program (NFIP), Risk Rating 2.0, appears to be moving more premium into the US private flood insurance market, says global ratings agency AM Best. Looking...
Posted: Aug 30, 2023
Canadian digital insurance provider, APOLLO Insurance, has named Mark Fujita as its new VP of Partnerships, signaling a strategic move to enhance its footprint in the emerging embedded insurance sector. In his role, Fujita will lead the expansion...
Posted: Aug 30, 2023
Insurtech Cover Genius, has announced the appointment of David Rudow as its new Chief Financial Officer (CFO), taking over the role from Gavin Dennis. According to the announcement, Rudow’s hire comes as the company enters its next stage of growth...
Posted: Aug 30, 2023