Reinsurance News
Argo Group International Holdings, Ltd. has announced a deterioration in its combined ratio to 106.8% for Q2 2023 compared with 96.2% in Q2 2022, as the firm reports an underwriting loss of $22.4 million for the period on the back of a higher loss...
Posted: Aug 08, 2023
“While rising prices has understandably garnered a lot of investor attention, it’s our view that improving terms and conditions, and attachment points in particular, are far more material to the reinsurance industry’s risk profil...
Posted: Aug 08, 2023
Zurich-based catastrophe insurance data provider PERILS AG has updated its insured property market loss estimate for the Kahramanmaras Earthquake Sequence to TRY 92.8 billion, which is approximately $4.9bn at February 2023 exchange rates and $3.4b...
Posted: Aug 08, 2023
Roosevelt Road Capital Partners’ (RRCP) specialist managing general agent (MGA), Tradesman Program Managers, has removed both Vesttoo and Corinthian from the panels reinsuring its programs fronted by Clear Blue, and has secured replacement r...
Posted: Aug 08, 2023
Sarah Ruberry has joined the Enstar Group, a Bermuda based re/insurance and run-off specialist, as Group Chief Compliance Officer. Ruberry brings over two decades of industry experience to her new role. Prior to Enstar, she served for almost three...
Posted: Aug 08, 2023
Rokstone, an international specialty re/insurance MGA, and part of the Aventum Group, has announced its plans to expand the company’s footprint into Directors and Officers (D&O) insurance. According to the announcement, this move aims to captu...
Posted: Aug 08, 2023
Sean Ramlal has been promoted to Senior Vice President (SVP), Head of Casualty and Professional Treaty at Ascot Re, based in Bermuda. Ramlal has been with Ascot Group’s reinsurance division, Ascot Re since 2019, initially serving as Vice Pre...
Posted: Aug 08, 2023
Berkshire Hathaway Specialty Insurance (BHSI), a global insurance provider, has announced the appointment of Louis Bidmead as the new Head of Transactional Liability Insurance for Asia and the Middle East. In his new role, Bidmead will collaborate...
Posted: Aug 08, 2023
In its recently released midyear outlook, S&P Global Ratings has highlighted that the Asia-Pacific insurance sector is experiencing stable credit trends, with 90% of the region’s insurers holding a stable outlook. This positive sentiment...
Posted: Aug 07, 2023
White Mountains’ subsidiary Ark has reported its financial results for the second quarter and half-year of 2023, reporting a robust combined ratio of 89% and gross written premiums (GWP) growth to $606 million. Ark’s combined ratio in...
Posted: Aug 07, 2023
Parametric flood insurance company FloodFlash has announced a new partnership with Hiscox to drive its US growth ambitions. “Hiscox is already an active participant in the US flood insurance market, and as a capacity provider for FloodFlash...
Posted: Aug 07, 2023
Global insurance group Howden has appointed Robert Green as Executive Director, Property, effective immediately. According to Howden, the appointment reflects the firm’s continued investment in expertise for its Property division, particular...
Posted: Aug 07, 2023
Leading on-demand insurance platform, INSHUR, has announced the appointment of James Rawstron as its new Director of Underwriting, marking a strategic move to solidify its position as an embedded insurance specialist within the rapidly expanding o...
Posted: Aug 07, 2023
As insurtech Vesttoo continues its investigation into the alleged fraudulent letters of credit (LOCs) used as collateral in its transactions, the firm has reiterated its commitment to “working with alternative investors and brokers to ascert...
Posted: Aug 07, 2023
Global specialty re/insurer, SiriusPoint has announced its partnership with Eaton Gate, a London-based Managing General Underwriter (MGU), which will be primarily focused on UK property casualty insurance business. Eaton Gate writes in excess of £...
Posted: Aug 07, 2023
Specialty re/insurance MGA, Rokstone, part of the Aventum Group, has launched a new A&H portfolio and has appointed Darren Delande as Head of A&H. Incorporating Accident, Health and Travel, Rokstone’s new A&H division is supporte...
Posted: Aug 07, 2023
In a strategic move to bolster its cyber risk analytics capabilities, Ariel Re, global reinsurance business, has announced an expanded partnership with cyber risk analytics trailblazer CyberCube. This extension involves the licensing of CyberCube&...
Posted: Aug 07, 2023
Barents Reinsurance SA, part of the Barents Re Group, has selected Moody’s RMS to provide natural catastrophe modelling services for its expanding property portfolio. As part of the multi-year agreement, data enhancement and modelling will be exec...
Posted: Aug 07, 2023
Bridgehaven Insurance, a recently launched hybrid fronting carrier, has secured an A- (Excellent) Financial Strength Rating and a Long-Term Issuer Credit Rating of “a-” (Excellent) from AM Best. The outlook assigned to these ratings is stable. Lau...
Posted: Aug 07, 2023
In a letter to Swiss Re’s shareholders, Christian Mumenthaler, Group CEO, and Jacques de Vaucleroy, Vice Chairman of the Board of Directors, have suggested that the firm’s H2 performance will be heavily influenced by geopolitical risks...
Posted: Aug 07, 2023
Safety National Re has announced that Bob King will retire as Executive Vice President of Treaty Reinsurance on August 18, 2023, after 35 years in the reinsurance industry. Kim Barnett is to take over King’s role, she will also remain as Chief Und...
Posted: Aug 07, 2023
Investment and liquidity risk is likely to decrease for insurers in Sri Lanka, whose ratings are already under watch, due to the country’s new debt restructuring plan, according to Fitch Ratings. “Fitch expects pressure on insurers’ investme...
Posted: Aug 07, 2023
Concert Group Holdings (Concert), a leading specialty carrier in the insurance industry, has announced the appointment of Edward Renner to the newly established role of Vice President, Senior Corporate Counsel. Renner officially joined the company...
Posted: Aug 07, 2023
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a rise in premiums written within its property and casualty (P&C) reinsurance business in both the second quarter and half year of 2023, while the segmen...
Posted: Aug 05, 2023
In light of the ongoing challenges faced by the reinsurance market due to factors such as increased natural catastrophes, the war in Ukraine, and the lingering effects of the COVID-19 pandemic, the Australian Prudential Regulation Authority (APRA)...
Posted: Aug 04, 2023