Reinsurance News
Global insurance and reinsurance broker Aon has announced the appointments of Joe Peiser as Chief Executive Officer (CEO) of Commercial Risk Solutions and Paul Shedden as head of advanced risk analytics for Risk Capital, effective immediately. In...
Posted: Aug 15, 2023
Alternative financing is expected to increase over the next 12 months, according to Aon’s and data provider Mergermarket’s M&A Risk in Review latest edition. The survey revealed that 50 senior executives from corporate development teams, priva...
Posted: Aug 15, 2023
Stephen Lewin has joined Yard Insurance from Société Centrale de Réassurance as Head Of Reinsurance. Yard Insurance is a firm that assists clients with their corporate insurance needs, through alternative risk transfer/risk financing models, as we...
Posted: Aug 15, 2023
Liberty Global Transaction Solutions (GTS), a division of Liberty Mutual Insurance, appointed Harry Ballan as the Head of Tax for the Americas. In this new role, Ballan will spearhead the development of innovative insurance solutions aimed at miti...
Posted: Aug 15, 2023
Ken Brandt, Chairman, President, and Chief Executive Officer (CEO) of TransRe is feeling positive about current reinsurance market dynamics as it’s about more than just better rates in the property catastrophe space. In a sit-down interview with C...
Posted: Aug 14, 2023
Duncan Baker has joined global insurtech Novidea as Reinsurance Product Manager. He joins the firm after spending a six year period working as a contract business analyst, architect and change consultant specialising within the insurance sector. T...
Posted: Aug 14, 2023
Israeli publication Calcalist’s CTech has reported that insurance and reinsurance broker Aon’s White Rock (SAC) Ltd. has requested that the Tel Aviv District Court temporarily freeze the insurtech’s assets in Israel. Last week, White R...
Posted: Aug 14, 2023
In a move to revolutionise the insurance industry’s approach to natural catastrophe risk assessment, Cytora, a pioneering digital risk processing platform, has joined forces with Reask, a leading provider of advanced natural catastrophe risk...
Posted: Aug 14, 2023
Global reinsurance giant, Munich Re’s Stefan Riedel has been named Chief Underwriting Officer, Property & Specialty. An experienced veteran across the industry, Riedel has worked for Munich Re for nearly 15 years. In his most recent role...
Posted: Aug 14, 2023
Liberty General Insurance (LGI), one of the leading non-life insurance companies in India, has been appointed as the lead insurer for Delhi by the Insurance Regulatory and Development Authority of India (IRDAI). The appointment comes as a part of...
Posted: Aug 14, 2023
Beatrice Morley has been appointed to the role of Global Head of Casualty and Head of International Reinsurance at Aspen Insurance Group, where she will be based in London. An experienced veteran across the industry, Morley has worked for Aspen fo...
Posted: Aug 14, 2023
Saudi Re has reported a net profit before zakat (a religious obligation for all Muslims who meet the necessary criteria of wealth) of SAR 66.02 million for Q2 of 2023, a 1133% increase from the same quarter last year. Gross Written Premiums decrea...
Posted: Aug 14, 2023
China’s insurance institutions have so far received 260,600 claims in the 16 regions affected by floods and geological disasters triggered by recent extreme rainfall, with the estimated losses set out in the claims totalling 9.78 billion yua...
Posted: Aug 14, 2023
Talanx Group, the parent company of Hannover Re, has reported that group net income increased 21% to €827 million in the first half of 2023, marking the best H1 result in the firm’s history. Based on this number, Talanx affirmed that it is c...
Posted: Aug 14, 2023
Re/insurance broker Aon’s White Rock Insurance (SAC) Ltd. is demanding that insurtech Vesttoo return $136.7 million in collateral that the segregated accounts and transformer structure distributed to the company. Last week, it was revealed t...
Posted: Aug 14, 2023
A Maui County update reveals that 2,207 structures have been damaged or destroyed by the fires, with an estimated reconstruction cost of $5.52 billion, while catastrophe risk modeller Karen Clark & Company (KCC) has said that the total insured...
Posted: Aug 14, 2023
According to new research released by the Actuaries Institute, Australian home insurance premiums have jumped by 28% in the past year, the largest increase in two decades, driven by inflation, natural disasters, reinsurance costs, and climate chan...
Posted: Aug 14, 2023
The California Fair Plan Association is set to introduce new home hardening discounts for policyholders who take steps to make their homes safer from wildfires. The discounts will be effective from August 23, 2023. While residents of the state con...
Posted: Aug 14, 2023
On a recent podcast of the United Nations Environment Programme Finance Initiative, Jessica Tan, Co-CEO of Ping An Insurance Company of China, discussed how technology is a key enabler for robust environmental, social and governance (ESG) reportin...
Posted: Aug 14, 2023
DUAL, the specialist underwriting arm of Howden Group Holdings, has completed the acquisition of David Ashby Underwriting (DAU), a managing general agent (MGA) specialising in bloodstock and High Value Sports Horse insurance. According to the anno...
Posted: Aug 14, 2023
Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, has announced its expansion into the Indian general insurance market. Duck Creek Technologies India LLP will offer India-based insurers modern cloud-based software-as-a-se...
Posted: Aug 14, 2023
Kemper Corporation has announced the appointment of Christopher Flint as the new President of Kemper Life, effective immediately. Flint’s addition to the team was officially revealed today by Joseph P. Lacher, Jr., Kemper’s President, CEO, a...
Posted: Aug 14, 2023
Reinsurance broker Inver Re continues to grow its team in Bermuda, adding expertise in numerous areas as it looks to expand alongside its unwavering commitment to have best in class data and analytics, leading Chris Bonard, CEO of Bermuda, to be p...
Posted: Aug 11, 2023
Emerging Asia is becoming less shock prone, this along with enhanced economic credibility lowering long-term volatility of growth, inflation and interest rates, is making the region more attractive for insurers and investors alike, according to a...
Posted: Aug 11, 2023
According to a report by the Insurance Information Institute (Triple-I), U.S. workers compensation insurers could underwrite profitably between 2019 and 2022 in spite of significant changes within the nation’s workforce due to the COVID-19 pandemi...
Posted: Aug 11, 2023