Reinsurance News
Property and casualty insurer, Chubb has announced the promotion of Adrian Habils to Head of Property, Asia for its general insurance business. Habils currently serves as the Deputy Property Manager for Chubb in Australia & New Zealand. He wil...
Posted: Jul 24, 2023
Global insurance group Howden has acquired Hudson Sky International, securing its position as a “preeminent broker” in the aviation insurance sector in Switzerland. According to Howden, this acquisition is part of the firm’s wide...
Posted: Jul 24, 2023
Fronting and program specialist Clear Blue Insurance Group has underlined its strong enterprise risk management procedures that protect its claims paying ability and financial strength, but has said that it may seek additional reinsurance, in resp...
Posted: Jul 24, 2023
Life insurance sales conversion rates could become 3-5x higher, according to a new study by BCG, Income Insurance and ZA Tech which explores how to successfully turn digital leads into high value insurance sales. Following the COVID-19 pandemic, m...
Posted: Jul 24, 2023
Anneliesse Oliveros has been appointed as the Head of EMEA, Global Broking Centre, at insurance and reinsurance broker Aon. Her appointment was effective starting in July, and the role is based out of London. Oliveros’ remit in the new role is bei...
Posted: Jul 24, 2023
Hart Moede has been appointed as Lead Underwriter for Treaty Casualty reinsurance business at MS Reinsurance, effective August 1. Based in New York, Moede joins MS Reinsurance after a near six year term at QBE Re where he currently serves as Vice...
Posted: Jul 24, 2023
In 2022, the U.S. property/casualty (P/C) industry experienced a significant setback as it reported a staggering $25.7 billion net underwriting loss, according to a recently released AM Best report. The main reason behind this downturn was the sub...
Posted: Jul 21, 2023
Eduardo Molinari has left large European reinsurer Hannover Re after almost 25 years to take up a new role at reinsurance broker Gallagher Re, as Chairman of Iberia, effective September 1st, 2023. Based in Madrid, Gallagher Re’s Iberian hub,...
Posted: Jul 21, 2023
Laura Goodall has been appointed Head of Portfolio Management & Ceded Reinsurance at Liberty Mutual Insurance. In the role she will be responsible for portfolio optimization and reinsurance strategy for GRS, making her in charge of reinsurance...
Posted: Jul 21, 2023
AM Best has revised the outlooks to stable from negative of the members of GeoVera Insurance Group, which operate under an intercompany reinsurance agreement. The credit rating agency also affirmed the Group’s Financial Strength Rating (FSR) of A...
Posted: Jul 21, 2023
Horace Mann Educators Corporation has announced preliminary Q2 catastrophe losses of between $41 million and $43 million pretax, driven by 19 events designated as catastrophes by Property Claims Services in the quarter. These events include multip...
Posted: Jul 21, 2023
US population growth in hurricane-prone states, as well as the increasingly heavy rainfall that accompanies these storms, has generated costlier insurance claim payouts for wind and flood-caused property damage, according to a new brief issued by...
Posted: Jul 21, 2023
The UK’s insurtech sector has emerged as a dominant force in the global market, boasting an impressive total enterprise value of approximately $21 billion, according to recent estimates by management consulting firm McKinsey & Company. D...
Posted: Jul 21, 2023
The cannabis insurance market has experienced a variety of transformations and shifts in recent years. As the sector continues to develop, insurance providers are refining their offerings to meet the needs and challenges being presented. In their...
Posted: Jul 21, 2023
Porch Group anticipates a $18 million catastrophic weather impact in the second quarter of 2023, due to extreme weather events in June. According to Porch, Q2 is often the worst and riskiest weather quarter of the year for the firm. “The sec...
Posted: Jul 21, 2023
Leading pensions and financial services consultancy, Hymans Robertson, has promoted risk transfer specialist Claire O’Neill to Operations Lead of its Risk Transfer team. She succeeds Iain Church, who was recently promoted to Head of Core Transacti...
Posted: Jul 21, 2023
W. R. Berkley Corporation has released its Q2 results, reporting that net income doubled to $356.3 million compared to the same quarter last year, with a return on equity and operating return on equity of 21.1% and 18.4%, respectively. The firm ha...
Posted: Jul 21, 2023
Underlying climate related changes are making it challenging to predict storm dynamics; as some of those changes are becoming more evident, the likelihood of loss causing storms has also increased, according to new research by Lockton Re. Lockton&...
Posted: Jul 21, 2023
Insurance and reinsurance broker Aon has reported that global insured losses from natural disasters in H1 2023 totalled $53 billion, which is 46% above the 21st-century average. According to Aon’s latest catastrophe report, economic losses f...
Posted: Jul 21, 2023
Canopius, a leading global specialty re/insurer, has appointed Lewis Gayle as Underwriter – Cyber and Technology, where he will report to Michael Shen, Head of Cyber and Technology, London. He joins the firm with immediate effect, bringing Canopiu...
Posted: Jul 21, 2023
The Hanover Insurance Group, Inc. has announced a preliminary estimate for Q2 catastrophe losses of approximately $262 million, before taxes, with the firm expecting to report a Q2 2023 combined ratio of 111.3%. These losses were driven primarily...
Posted: Jul 21, 2023
Arbol, a leading global climate risk-coverage platform has announced its “strong performance” for the first half of 2023, reporting a significant increases in gross written premium (GWP), surpassing its performance in the first half of...
Posted: Jul 21, 2023
WTW, a global advisory, broking, and solutions company, has announced the appointment of Claire Sales to the Large Client GB team. Sales brings to her new role over 25 years of insurance and legal experience across Financial Lines business. Based...
Posted: Jul 21, 2023
With interest rates and inflation continuing to rise, the Egyptian insurance market is facing difficulties in sustaining growth rates in real terms, however the country is still proving resilient in the face of challenging economic conditions they...
Posted: Jul 21, 2023
The Karen Clark & Company (KCC) US Hurricane Reference Model Version 4.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The FCHLPM reviews and audits methodologies for projecting hurricane losse...
Posted: Jul 21, 2023