Reinsurance News
Global insurer Chubb has announced the appointment of Edward Kopp as Regional President, Far East. Currently, Kopp serves as the Country President of Chubb Korea. The appointment, subject to notification to local regulatory authorities, is expecte...
Posted: Aug 17, 2023
AXA XL, the P&C division and specialty risk division of AXA, has appointed Lee Hayzelden as Head of Upstream Energy, UK & Lloyd’s. In his new role, Hayzelden will lead AXA XL’s Upstream Energy team, covering both offshore oil & gas and...
Posted: Aug 17, 2023
Managing general agent (MGA) Corin Underwriting Limited (UK) and Corin Underwriting (Europe) GmbH (Corin Europe) (Germany) have been assigned a performance assessment of PA-3 (Strong) by rating agency AM Best, with a stable outlook. This makes Cor...
Posted: Aug 17, 2023
The growth and influence of the insurance-linked securities (ILS) space has led to a convergence of the service offering PwC Bermuda provides to its clients, according to Megan Green, a Partner in the PwC Bermuda Asset Management Assurance Group....
Posted: Aug 17, 2023
Steadfast Group, the parent company to a range of broking and underwriting operations, including broker Steadfast Re, has reported an underlying revenue of $1.41 billion in FY23, representing growth of 24.1%. The growth in revenue was driven by ha...
Posted: Aug 17, 2023
S&P Global Ratings has affirmed its ‘AA-‘ issuer credit and insurer financial strength ratings on Munich Re, revising its outlook to positive from stable, citing the German reinsurer’s ability to defend its excellent competit...
Posted: Aug 17, 2023
Dale Underwriting Partners (DUP), the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Robert Pettifer as Underwriter in the Property Open Market Team, effective 6 November 2023. In his new role, based in Londo...
Posted: Aug 17, 2023
Global specialty insurer and reinsurer SiriusPoint has appointed Anthony Shapella as Deputy Chief Underwriting Officer, effective from the 5th of September, 2023. Shapella joins SiriusPoint from AIG, where he held several senior roles throughout h...
Posted: Aug 17, 2023
Global reinsurance broker Gallagher Re has announced the appointment of Andres Posada as Executive Vice President (EVP), Head of Sales for its Latin America and Caribbean region. The position is based in Miami, with Posada reporting to Edson Wigge...
Posted: Aug 17, 2023
Zurich-based catastrophe insurance data provider PERILS AG has released its third insured loss estimate for Cyclone Gabrielle, which impacted the North Island of New Zealand in February, pegging the total at NZ $2.018 billion. According to PERILS,...
Posted: Aug 17, 2023
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, has established an actuarial practice in the United Kingdom and appointed Colin Forrest as Partner and UK Actuarial Leader. Oliver Wyman Actuarial is a specialist...
Posted: Aug 17, 2023
Reinsurance giant Swiss Re and One Concern, an AI physical risk company, have announced a strategic partnership that is set to enhance the underwriting and management of nat cat business interruption risk. The partnership between the two companies...
Posted: Aug 17, 2023
P&O Pension Scheme has insured £440 million in liabilities through a full buy-in with Rothesay, securing benefits for around 5,300 members. The deal, which was agreed earlier this month means that the benefits for all the scheme’s members are...
Posted: Aug 17, 2023
American multinational financial services company, Corebridge Financial, has announced the appointment of Isil Muderrisoglu as the Head of Investor and Rating Agency Relations, effective immediately. Muderrisoglu will report to Elias Habayeb, Chie...
Posted: Aug 17, 2023
BRP Group, Inc., an independent insurance distribution firm, has launched its new International Center of Excellence (COE) to provide exemplary insurance solutions for clients with international operations, as well as those exploring international...
Posted: Aug 17, 2023
S&P Global Ratings today revised its outlook to stable from negative on Swiss Re and its core subsidiaries, as well as affirmed the ratings on these entities. According to the rating agency, the outlook revision to stable reflects improvements...
Posted: Aug 16, 2023
Germany headquartered manager and insurer of cyber risks, COGITANDA Dataprotect AG, has appointed Jens Lison as a member of the Executive Board and Group Chief Insurance Officer (CIO), effective 1st September 2023. Currently, the Executive Team c...
Posted: Aug 16, 2023
Brazilian reinsurance company IRB Brasil Re has reported an underwriting profit of R$35.4 million for the second quarter of 2023, compared with an underwriting loss of R$661.0 million in the second quarter of 2022. The reinsurer posted a net incom...
Posted: Aug 16, 2023
Brazilian reinsurance company IRB (Re), which was formerly named IRB Brasil Re, has reported an underwriting profit of R$35.4 million for the second quarter of 2023, compared with an underwriting loss of R$661.0 million in the second quarter of 20...
Posted: Aug 16, 2023
The property and casualty insurance equity analyst team at Bloomberg Intelligence has estimated that the insurance industry loss from the Maui wildfires will fall between $2.5 billion and $4.5 billion. This estimate gives an insured loss mid-point...
Posted: Aug 16, 2023
Placing Platform Limited has announced that the top ten brokers are now all live on its Next Gen risk placement platform, the new version of the London insurance market’s electronic trading platform, as the market “heads towards full transit...
Posted: Aug 16, 2023
Zurich Resilience Solutions (ZRS), a global provider of Risk Engineering, mitigation and resilience-building services, has expanded its Sustainability Services team in the US, adding Jessica Balsam as Head of Climate Solutions, and Elise White as...
Posted: Aug 16, 2023
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with Web Connectivity Limited (WCL), a Zywave company and provider of ACORD standards-based solutions for the commercial insurance industry. This...
Posted: Aug 16, 2023
The Government of Hong Kong Special Administration announced on August 14th the reappointment of Clement Cheung Wan-ching as the Chief Executive Officer (CEO) of the Insurance Authority (IA), accepting the decision made by the Government. The reap...
Posted: Aug 16, 2023
Israeli insurtech Vesttoo has confirmed that both the federal court in New York and the courts in Israel have removed temporary restraining orders freezing its assets. The company has also stated that the investigation into fraudulent letters of c...
Posted: Aug 16, 2023