Reinsurance News
DLA LLC, an internal auditing and accounting advisory service has appointed Paul Higgins as Head of its Insurance Practice. At the same time, DLA has also announced that Higgins has been named Partner, and that he will lead their Chicago office. W...
Posted: Aug 23, 2023
Former Everest underwriting executive Connie Germano has joined MGA platform DUAL North America as Chief Casualty Officer (CCO). DUAL is an underwriting business founded in 1998. The company is one of the largest international MGA’s with over $3.2...
Posted: Aug 23, 2023
After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world’s largest reinsurance company when ranked by gross life and non-life premiums written in...
Posted: Aug 22, 2023
Hemant Shah, the founder & former CEO of Archipelago, an AI-powered risk data platform, has been named Executive Chairman of the company. At the same time, the firm has also appointed Alex Lyashok as its new CEO, to lead the firm through its n...
Posted: Aug 22, 2023
Global insurance broker Gallagher has announced the appointment of Jamie Gee as Associate Director within its financial lines practice in the Middle East and Africa business. Daniel Miller, Divisional Director of Gallagher, commented on the hire,...
Posted: Aug 22, 2023
Ryan Specialty has announced the appointment of Kathy Guerville as Chief Underwriting Officer (CUO) for its underwriting management specialty, Ryan Specialty Underwriting Managers, effective immediately. With a solid background spanning 15 years i...
Posted: Aug 22, 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported a 16% decrease in gross written premiums for its reinsurance segment for the first six months of 2023, while underwriting income rose. Gross written premiums (GWP) for H1&...
Posted: Aug 22, 2023
The insurance-linked securities (ILS) market delivered another very strong performance in the first half of 2023 with new issuance breaking records in the period, Swiss Re has revealed, who has also predicted a record-breaking full-year in both th...
Posted: Aug 22, 2023
Global technology and digital solutions provider, Xceedance, has announced the appointment of Praveen Pachaury as the company’s new Senior Vice President of Technology and Digital. In his new role, Pachaury will be responsible for leading th...
Posted: Aug 22, 2023
Placing Platform Limited (PPL) has deployed, on schedule, its first major upgrade since Next Gen was launched in March earlier this year. According to PPL, this follows five “continuous improvement” releases that have introduced regular enhancemen...
Posted: Aug 22, 2023
In 2023, the reinsurance sector has outperformed expectations, with JP Morgan analysts’ bullish stance since mid-2022 being substantiated by robust pricing trends and this year’s renewal outcomes. In particular, the European reinsurers...
Posted: Aug 22, 2023
Moody’s has placed Farmers Insurance Group’s ratings on review for downgrade, a move that reflects the rating agency’s concerns around insurer’s underwriting results in its core personal lines and its capital adequacy. The review includes Farmer’s...
Posted: Aug 22, 2023
Tysers, an independent Lloyd’s broker and member of the AUB Group, has announced that CEO Clive Buesnel will leave the firm at the end of the month, with Mike Emmett, AUB Group CEO, stepping in as Interim CEO. Clive was first appointed CEO of Tyse...
Posted: Aug 22, 2023
Amid central banks’ inflation-fighting measures, leading reinsurance firms have showcased capitalisation resilience, with an expected rebound in traditional capital to 2021 levels by year-end, despite substantial equity declines, according t...
Posted: Aug 22, 2023
Cyber insurance provider, Coalition has announced that John Wynne Davies has joined the company as its first Special Projects Lead in the UK. Having previously served as MS Amlin’s Strategy Manager for Lloyd’s, in his new role, Wynne Davies will b...
Posted: Aug 22, 2023
The industrial insurer HDI Global SE part of the Talanx Group has reported that insurance revenue rose by a clear 10% to €4.2 billion in the first half of the year, compared to €3.8 billion from the same period last year. According to the firm, th...
Posted: Aug 22, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Jean-Francois Leandri to the position of Global Risk Control Officer, part of BHSI’s Chief Underwriting Office. He will continue to be based in Paris andi will be reporti...
Posted: Aug 22, 2023
Zurich-based catastrophe insurance data provider PERILS AG has increased its industry loss estimate for the floods in the Emilia-Romagna region of Italy during May to €488 million. According to PREILS, the loss estimate covers the property lines o...
Posted: Aug 22, 2023
Aon has named Qin Lu as head of Greater China to “bring together risk capital and human capital capabilities.” In the new role, Lu will oversee Aon’s business in mainland China, Hong Kong, Macau and Taiwan. Earlier this year, the...
Posted: Aug 22, 2023
Independent specialist insurance and reinsurance broker, BMS Group, has announced the appointment of Tim Hewitt as Head of BMS in Japan. The appointment is in line with the Group’s commitment to accelerate its strategic growth in Asia. Hewitt is a...
Posted: Aug 22, 2023
The leading European reinsurers, including Hannover Re, Munich Re, SCOR SE, and Swiss Re, have unveiled robust financial results for the first half of 2023, marking a sharp contrast to the challenges faced in the same period last year, according t...
Posted: Aug 22, 2023
The Hanover Insurance Group, Inc. has announced the appointment of Charles Hamann as the President of small commercial. He replaces Michael Keane, who has taken on a new role to focus on the company’s long-term strategy. Hamann is a market v...
Posted: Aug 22, 2023
Aston Lark Ireland, a Howden company, has announced it has agreed terms to acquire Kegra Limited (Finance Solutions), strengthening its offering to the mortgage broking market. Founded in 2011 by Ken Murray, Finance Solutions is a financial servic...
Posted: Aug 22, 2023
An increased demand for insurance solutions has been seen in the Asia-Pacific region (APAC) as its economies open to the rest of the world and businesses look to grow, this was met by insurers focused on retention and targeted growth, according to...
Posted: Aug 21, 2023
Mosaic Insurance has appointed David Drogin to lead the growth of its US cyber business. Drogin joins Mosaic’s New York office as Senior Vice President, Head of US, Cyber, and will report to the Global Head of Cyber, Yosha DeLong. Drogin is...
Posted: Aug 21, 2023