Reinsurance News
Steve Ryland has joined Acrisure Re, a full-service re/insurance intermediary and capital management advisor, as Global Head of Legacy. He joins from Catalina Holdings (Bermuda) Ltd., where he served in various roles which include Group Chief Comm...
Posted: Aug 01, 2023
US property and casualty insurer, United Fire Group (UFG), has reported its estimates for the second quarter of 2023 results which include pre-tax catastrophe losses of $33 million. The company expects a net loss of $2.23 per diluted share, and an...
Posted: Aug 01, 2023
Converge Insurance, pioneers in advanced cyber risk management and underwriting have raised $15 million in Series A funding from Forgepoint Capital. At the same time, Forgepoint Managing Directors Don Dixon and Andrew McClure have joined the compa...
Posted: Aug 01, 2023
Insurance and reinsurance company, Vantage Risk, has announced the appointment of Dan Reichert as Vice President, West Distribution Leader and Leanne Berry as Vice President, Central Distribution Leader for its U.S. Insurance operations. Based in...
Posted: Aug 01, 2023
In a recent report, credit rating agency AM Best has revised its outlook on the Philippine non-life insurance market segment from stable to negative. The change in outlook comes as domestic insurers face increased negative pressure on their balanc...
Posted: Aug 01, 2023
Sompo International, a global provider of commercial and consumer property and casualty re/insurance has appointed Emily Poh as Head of Professional Lines Insurance, Asia Pacific. In the role, she will be based in Singapore, where she will report...
Posted: Aug 01, 2023
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, has appointed Angela Duca as Global Head of Credit Specialties, Marsh Specialty. She succeeds Nick Robson, who has been named Global Chairman, Cre...
Posted: Aug 01, 2023
Fathom, a global leader in water risk intelligence, has released its new US Flood Map; a cutting-edge tool that provides “the most comprehensive climate-driven flood risk information for the United States.” “As the private US flo...
Posted: Aug 01, 2023
Innovative cyber risk analytics leader CyberCube has deepened its collaboration with Lockton Re, the reinsurance arm of the world’s largest privately held independent insurance broker. Lockton Re’s decision to license CyberCube’s...
Posted: Aug 01, 2023
Lloyd’s Insurance Company S.A. (Lloyd’s Europe) announced that it will close down European branch offices in Austria, Finland, and Poland, effective from July 31, 2023. Instead, the company said it will only provide services to these locations, bu...
Posted: Aug 01, 2023
The BT Pension Scheme (BTPS) has entered into a longevity reinsurance arrangement with Reinsurance Group of America (RGA) which will further protect BTPS from the cost of unexpected increases in the life expectancy of its members. As mentioned, th...
Posted: Aug 01, 2023
Industrial insurer HDI Global SE has announced several senior appointments in its UK & Ireland branch across underwriting and distribution. Joining HDI from Chubb Global Markets, Antonia Osborne has been appointed Director of Underwriting. In...
Posted: Aug 01, 2023
Global insurance group, Howden, has announced the appointment of Amit Agarwal as the Chief Executive Officer (CEO) of Howden India, effective August 1st. Agarwal takes over from Praveen Vashista, who will now step up to the position of Chairman. A...
Posted: Aug 01, 2023
As the investigation into allegedly fraudulent letters of credit (LOC) continues, Vesttoo has released a statement noting it will be letting go of some of its employees, as the firm focuses on regaining its footing and “emerging from this ch...
Posted: Aug 01, 2023
Specialty non-catastrophe focused collateralized P&C reinsurer, Corinthian Group, has agreed to terms on a letter of intent (LOI) with a large investor for funds of up to $200 million to replace letter of credit (LOC) collateral linked to insu...
Posted: Aug 01, 2023
Altea Insurance, a provider of combined insurance and risk management solutions for the medical, allied health, and care sectors, has officially launched under the leadership of former senior Axis executive Carly Matson as CEO. Headquartered in Lo...
Posted: Aug 01, 2023
Flood Re, the joint initiative between the UK insurance industry and the UK Government to promote the availability and affordability of flood insurance, has named Bridget Rosewell Non-Executive Director and Chair-Designate, succeeding Mark Hoban,...
Posted: Aug 01, 2023
Having considered feedback provided in the Process, Roles and Responsibilities (PRR) process earlier this year, the London Market Group (LMG) has published its final recommendations for the design and functioning of digital risk processes. The rec...
Posted: Aug 01, 2023
FWD Group Holdings Limited has named Aman Chowla the new Chief Executive Officer for its Malaysian life insurance business, which has been renamed FWD Insurance Berhad from Gibraltar BSN Life Berhad. These developments follow the recent completion...
Posted: Aug 01, 2023
The telematics arm of the global insurance group, Howden Driving Data, has announced a five-year contract extension with Unigarant, the insurance company belonging to the Dutch roadside recovery brand, The Royal Dutch Touring Club (ANWB). The part...
Posted: Aug 01, 2023
Assured Guaranty Ltd. has successfully transferred the ownership of its entire equity interest in Assured Healthcare Partners LLC (AHP) to an entity owned and controlled by its Founder, Jim Pieri. This development comes after Pieri served as the M...
Posted: Aug 01, 2023
Markel Group has announced five leadership appointments at its Markel Specialty arm, with Alison Burgess, Vince Colosimo, Matt Huels, Tim Pasik, and Mark Schauss all taking on new roles at the firm. Burgess joined Markel in 2012, and brings more t...
Posted: Aug 01, 2023
Towergate Insurance Brokers, a UK-based insurance intermediary, has urged businesses to recheck their cyber insurance to make sure they have adequate coverage as ransomware attacks rise. After global figures dropped in 2022, ransomware attacks hav...
Posted: Jul 31, 2023
In the world of reinsurance, analysts from Peel Hunt highlight the current trends and first-half results, pointing towards a market that is gearing up for significant growth. The reinsurance industry has experienced a reduction in dislocation comp...
Posted: Jul 31, 2023
Conifer Holdings, a specialty insurance holding company, has said that it expects pre-tax catastrophe losses of about $5.4 million in the second quarter of 2023. The firm stated that the losses stemmed predominantly from multiple convection storms...
Posted: Jul 31, 2023