Reinsurance News
AXA XL, a leading global insurance and reinsurance company, has announced the appointment of Glen Hopkinson as the new Country Manager for Canada, effective immediately. Hopkinson, who has demonstrated his capabilities as the interim leader in rec...
Posted: Aug 21, 2023
The US general insurance industry is estimated to grow at a compound annual growth rate (CAGR) of 8.5% from $2.18 trillion in 2023 to a substantial $3.03 trillion in 2027, in terms of gross written premiums (GWP). Leading data and analytics compan...
Posted: Aug 21, 2023
The African Risk Capacity Limited (ARC Ltd.), a financial affiliate of the African Risk Capacity (ARC) Group, has appointed two non-executive directors to its Board. The company has appointed both Deepak Dave and Maxwell Mkwezalamba for a three-ye...
Posted: Aug 21, 2023
In a recent assessment of the global reinsurance industry, AM Best analysts have indicated that despite favourable market conditions, a new class of global reinsurers is unlikely to emerge in 2023. The analysis points to several factors that contr...
Posted: Aug 21, 2023
During a recent interview with Reinsurance News, Adrian Jones, Partner, HSCM Ventures, explained how one of the biggest issues that he hears across the industry is the quality of data reaching reinsurers and retrocessionaires. Data and technology...
Posted: Aug 21, 2023
Joining from Liberty Specialty, Amy Ing has been appointed to Beazley’s Incubation Underwriting team, which focuses on discovering, designing and underwriting breakthrough new solutions and partnerships. Since its formation in 2020 the team has de...
Posted: Aug 21, 2023
Latin Re, an independent brokerage founded in 2019, becomes the first Brazilian broker to obtain a license to operate directly at the specialist Lloyd’s insurance and reinsurance marketplace. Operating directly at Lloyd’s allows Latin...
Posted: Aug 21, 2023
The insurance broker and risk advisor arm of Marsh McLennan, Marsh, has reached an agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd, a specialist insurance broker in the areas of corporate risk, employee...
Posted: Aug 21, 2023
Bermuda-headquartered Compre, an international legacy group, has announced the appointment of seven US claims specialists, effective immediately. To accommodate the new team members – all of whom will report to North America claims director...
Posted: Aug 21, 2023
“The January 2023 renewals highlighted the mismatch between supply and demand, but it’s also important to recognize the difference between ‘available’ and ‘deployed’ capacity. Available capital is not under pressure; however, the well-established...
Posted: Aug 21, 2023
In a recent filing to the U.S. bankruptcy court, insurtech Vesttoo has said that joint action launched in the Supreme Court of Bermuda by the Bermuda Monetary Authority (BMA) and Aon’s White Rock (SAC) Ltd. last week, violates the automatic...
Posted: Aug 21, 2023
InterContinental Insurance Brokers, LLC, a private client services division of Venbrook Insurance Services, has promoted Christopher D. Tannas to Senior Vice President/ National Director, and Mackenzie Rooney to Vice President. At the same time, t...
Posted: Aug 21, 2023
Ategrity Specialty Insurance Company, a specialty excess and surplus lines carrier, has launched a Management and Professional Liability business offering products designed for the needs of small- to mid-sized companies. These offerings are part o...
Posted: Aug 21, 2023
Australian insurer IAG has reported that Gross Written Premium (GWP) increased 10.6% to $14.7bn in its 2023 full year results, while insurance profit rose 37% to $803m. IAG noted that while the GWP increase was primarily due to premium rises in re...
Posted: Aug 21, 2023
Property and casualty insurance giant Chubb has appointed Janice (Jae-Kyung) Mo to Country President of the company’s general insurance business in Korea, subject to regulatory approval. Mo’s appointment is expected to be effective Sep...
Posted: Aug 21, 2023
Catherine Thomas has become the new Managing Director for QBE Blue Ocean Re & Equator Re and International Treasurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the captive reinsurer for its North American op...
Posted: Aug 21, 2023
CyRisk, a cyber management and data analytics firm has officially announced its participation in Munich Re Specialty’s Reflex Cyber Risk Management program. In the first quarter of 2023, Munich Re Specialty Insurance launched its proactive c...
Posted: Aug 21, 2023
BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has announced the appointment of Emily Schultz as its new Managing Director. In her new role, Schultz will be responsible for setting and...
Posted: Aug 21, 2023
DUAL North America has announced the appointment of Tricia Loney as Head of Specialty Casualty. This hire comes in succession with the announcement of Connie Germano as the Chief Casualty Officer, to who Loney will be reporting. Loney’s remi...
Posted: Aug 21, 2023
Juan Andrade, Everest Group Chief Executive Officer, suggests the reinsurance industry serves as a “bright light” in terms of what’s happening in capital markets right now, as the firm remains “bullish” on the industr...
Posted: Aug 18, 2023
The Bermuda Monetary Authority (BMA) and White Rock (SAC) Ltd., insurance and reinsurance broker Aon’s segregated accounts and transformer vehicle, have launched action in the Supreme Court of Bermuda to pursue “maximum recovery”...
Posted: Aug 18, 2023
Harford Mutual Insurance Group has announced that it has received final approval from the Maryland Insurance Administration of the merger agreement with ClearPath Mutual Insurance Company, a monoline workers’ compensation carrier headquarter...
Posted: Aug 18, 2023
In a strategic move towards technological innovation and superior underwriting, Arch Insurance North America (Arch) has expanded its collaboration with insurtech leader Kalepa. The company has announced the wider deployment of Kalepa’s groun...
Posted: Aug 18, 2023
In response to the escalating challenges posed by affordability and availability in the Gulf Coast property insurance market, the Reciprocal Insurance Exchanges (RIEs) sector has witnessed a notable surge in new formations, according to a recent r...
Posted: Aug 18, 2023
DWF, a global provider of integrated legal and business services, has agreed a global claims management outsourcing contract with Bermuda-based insurer and reinsurer, Aspen. The agreement between the two companies will see them both create a strat...
Posted: Aug 18, 2023