Reinsurance News
Bjoern Hagendorff has been promoted to Vice President and Deputy Head Area 1 in Hamburg, Germany, at Aon’s Reinsurance Solutions. Hagendorff has been with Aon since 2015, when she joined the company as a Client Manager and Broker. Since then...
Posted: Jul 25, 2023
Slice Labs Inc., a provider of on-demand digital insurance products to protect small businesses, has announced its expansion to nine additional US states. Slice’s Excess & Surplus (E&S) specialty market small business insurance product is...
Posted: Jul 25, 2023
Helios, an investment vehicle that acquires and consolidates underwriting capacity at the specialist Lloyd’s insurance and reinsurance marketplace, has completed a further LLV acquisition. The LLV purchased includes Park Farm Underwriting Limited...
Posted: Jul 25, 2023
Insurtech Accelerant is planning to raise new capital in 2024 in a deal that could result in the firm making its debut on the stock market, its CEO and co-founder reportedly told Reuters. Accelerant Chief Executive Jeff Radke disclosed to Reuters...
Posted: Jul 25, 2023
US broker firm Brown & Brown has announced its financial results for the second quarter of 2023, reporting a revenue growth of 24.7%, $1,047.3m, compared to the same period last year. Notably, organic revenue increased by 11.2%, to $894.3m. In...
Posted: Jul 25, 2023
Conduit Holdings Limited, the parent company of Conduit Re, has appointed Rebecca Shelley as a non-executive director with effect from 24 July 2023. In her new role, Shelley brings a vast degree of commercial and financial services experience to...
Posted: Jul 25, 2023
RLI Corp. has reported Q2 2023 net earnings of $77.7 million, compared to a net loss of $2.2 million for the same quarter of 2022. RLI disclosed that it achieved $41.2 million of underwriting income in Q2 of 2023 on an 87.2 combined ratio, compare...
Posted: Jul 25, 2023
Insurance and reinsurance broker WTW is further strengthening its Risk & Broking leadership by making senior hires, in order to enhance specialization, digitization, and optimization capabilities. Lucy Clarke will join WTW as President of Risk...
Posted: Jul 25, 2023
The UK and US are among the top five countries which saw the biggest increase in the average cost of insuring against sovereign debt defaults in the past year, according to global specialty (re)insurance group Chaucer. Chaucer’s research sug...
Posted: Jul 25, 2023
In a strategic move to consolidate and enhance their commercial insurance offerings, Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of local Allianz Property & Casualty (P&C) entities have come togeth...
Posted: Jul 25, 2023
Arch Insurance UK Regional Division has announced a number of key appointments for its Bristol team, including the promotion of Julie Collins to Branch Manager of the office, with immediate effect. Additionally, Ruth Hitchcox has been named as the...
Posted: Jul 25, 2023
The Government’s proposed Solvency II reforms have the potential to unlock investment by the insurance industry into the UK economy, according to analysts at PwC UK. PwC suggests that the refresh of the Solvency II rules will make certain as...
Posted: Jul 25, 2023
Insurance broker and risk advisor Marsh, has announced that Pat Donnelly has been appointed as President, Marsh Specialty and Global Placement, effective immediately. At the same time, Michelle Sartain will succeed Donnelly as President of Marsh U...
Posted: Jul 25, 2023
In the midst of continued geopolitical instability and persistent inflation, the reinsurance market has witnessed significant rate increases, as highlighted by insurance and reinsurance broker Marsh McLennan (MMC) in its Q2 2023 earnings call. The...
Posted: Jul 24, 2023
Thayane Cesar Rocha has been appointed to the role of Financial Lines Manager – Insurance and Reinsurance, at Oneglobal Broking. Bringing over 10 years of industry expertise towards her new role, Thayane joins Oneglobal from IRB Brasil RE, w...
Posted: Jul 24, 2023
Congressman Adam Schiff has penned a letter to the U.S. Department of Treasury Federal Insurance Office (FIO) urging them to investigate how climate change is impacting insurance coverage options for homeowners following the news that State Farm a...
Posted: Jul 24, 2023
Lloyd’s global re/insurer MS Amlin has hired Julie Ross as Product Recall Senior Underwriter. Her appointment will come into effect in September, and she will report to Neil Walker, Co-Deputy CUO and Head of Specialty Insurance. In her new r...
Posted: Jul 24, 2023
SageSure, a provider of catastrophe-exposed property insurance, and Anchor Re, a captive reinsurance vehicle, have jointly announced the successful closure of Anchor Re’s debut $50 million catastrophe bond. The transaction, named Gateway Re...
Posted: Jul 24, 2023
Lloyd’s has approved the Wildfire Defense Syndicate 1996, a syndicate in a box (SIAB) targeting California-exposed commercial property risks in the excess and surplus (E&S) market. The syndicate, developed by Lloyd’s coverholder Wildfire Defen...
Posted: Jul 24, 2023
Martyn Sutton has joined global reinsurer Swiss Re as Head of Sales & Origination P&C Reinsurance Solutions (Americas). The news of Sutton’s appointment comes after Swiss Re announced that, from April 3rd, its reinsurance division was to b...
Posted: Jul 24, 2023
Arch Reinsurance, part of Arch Capital Group, has hired Jonathan Schriber from Bermuda-based reinsurer PartnerRe as its new President, effective August 1st, 2023. In his new role, Schriber will be based in Morristown, New Jersey, and takes on resp...
Posted: Jul 24, 2023
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, has announced that it has concluded a c.£40 million bulk purchase annuity with the Qantas Airways Limited (UK) Retirement Benefits Scheme – the p...
Posted: Jul 24, 2023
Prudential Financial, Inc. has announced an agreement to reinsure a significant portion of its guaranteed universal life block with Somerset Re, leading to proceeds totaling approximately $450 million. Under this agreement, Somerset Re will reinsu...
Posted: Jul 24, 2023
Prudential Financial, Inc. has announced an agreement to reinsure a significant portion of its guaranteed universal life block with Somerset Re, leading to proceeds totaling approximately $450 million. Under this agreement, Somerset Re will reinsu...
Posted: Jul 24, 2023
Prudential Financial, Inc. has announced an agreement to reinsure a significant portion of its guaranteed universal life block with Somerset Re, leading to proceeds totaling approximately $450 million. Under this agreement, Somerset Re will reinsu...
Posted: Jul 24, 2023