Reinsurance News
Comprehensive car insurance premiums have increased by a record 40% (£222) throughout the last 12 months, with UK motorists now estimated to be paying £776 on average. According to the latest Confused.com Car Insurance Price Index in association w...
Posted: Jul 19, 2023
Brokerslink has announced the appointment of François Masson as the new Regional Manager for Africa. Masson succeeds Benjamin Boudeau-Raimbault of Filhet-Allard Africa, who has completed his two-year tenure in the role. According to Brokerslink, B...
Posted: Jul 19, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has named Mark Walker as Head of National Business, UK, a Manchester-based role. With this appointment, the firm stated, BHSI culminates the build-out of its dedicated National Business underwriting te...
Posted: Jul 19, 2023
Specialist insurance provider CFC, known for its expertise in emerging risks and leadership in cyber insurance, has unveiled its latest offering, an innovative solution to cover title to shares risks (TTS insurance). The newly launched TTS insuran...
Posted: Jul 19, 2023
Artificial intelligence company, Tractable has announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round as well. As part of the transaction, Nahoko Hoshino, Inve...
Posted: Jul 19, 2023
Artificial intelligence company, Tractabe has announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round as well. As part of the transaction, Nahoko Hoshino, Inves...
Posted: Jul 19, 2023
Bain Capital Insurance, the insurance investing business of Bain Capital, has announced the successful final close of its first-ever private equity fund, the Bain Capital Insurance Fund, L.P., surpassing its initial target by raising $1.15 billion...
Posted: Jul 19, 2023
Pen Underwriting has announced the appointment of Neil Bridge as Senior Underwriter at BMM Ports & Terminals (BMM P&T), with effect from Monday 24 July. According to the managing general agent (MGA), Bridge’s appointment is part of Pen’s c...
Posted: Jul 19, 2023
New Zealand-based insurer Tower has revised its market guidance on underlying net profit after tax for the year ending 30 September 2023, from a profit of between $8 million and $13 million to a loss of $2 million and a profit of $3 million, drive...
Posted: Jul 19, 2023
Clark UK, previously known as Candid, has expanded its strategic partnership with Swiss Re’s digital B2B2C insurer iptiQ to offer its own ‘over 50s’ life insurance for the UK market under the Winston brand. This new product launc...
Posted: Jul 19, 2023
Crypto insurance company Evertas has acquired Bitsure, an insurer dedicated to coverage for crypto mining operations. “Crypto mining is the computer processor intensive method by which most blockchains, including Bitcoin, verify transactions...
Posted: Jul 19, 2023
Argenta Holdings Limited, a leading global financial services company, has announced the appointment of Adam Cragg as the Group Chief Operating Officer, subject to regulatory approvals. In his new role, Cragg will be based in London and will repor...
Posted: Jul 19, 2023
Legacy acquirer, DARAG Group, has announced the completion of two transactions with undisclosed North American captive insurance companies. The transactions have been written into DARAG Bermuda, the firm’s Bermudian insurance carrier. The first on...
Posted: Jul 19, 2023
DUAL North America, Inc. (DUAL), a leading specialty insurance provider, has announced the appointment of Connie Germano as its Chief Casualty Officer (CCO). Germano’s extensive industry experience and proven track record in driving business...
Posted: Jul 19, 2023
Midwest Holding Inc. has announced that independent proxy advisory firms Institutional Shareholder Services, Inc. (ISS) and Glass Lewis recommended that Midwest shareholders vote “FOR” the proposed acquisition of Midwest by Antarctica...
Posted: Jul 19, 2023
Tokio Marine HCC, a member of the Tokio Marine Group has signed a definitive agreement to acquire Gulf Guaranty Employee Benefit Services, Inc. (Gulf Guaranty). Gulf Guaranty is a third-party administrator and managing general underwriter that des...
Posted: Jul 19, 2023
The DICK’S Sporting Goods Open received rain from June 23-25, triggering their rain insurance policy with Vortex Weather Insurance, which resulted in the tournament operator, Broome County Community Charities, receiving payouts that helped w...
Posted: Jul 19, 2023
AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has appointed Lori Bailey as Head of Cyber and Technology, a New York-based role. In her new role, Bailey will oversee the company’s Global Cyber and Technology t...
Posted: Jul 19, 2023
Flood Re has reported a “strong” financial and operational performance for the financial year 2022/23, despite “soaring inflation, rising claims costs, and the remorseless march of climate change.” Flood Re, the joint initi...
Posted: Jul 19, 2023
In a recent study conducted by Capco, the global technology and management consultancy, it was found that just 15% of UK consumers use a single insurer for all their policy needs. The research highlights both a challenge and an opportunity for ins...
Posted: Jul 19, 2023
Allianz Trade in Asia Pacific has announced the appointment of Chris Markesteijn as Regional Head of Surety and Guarantees. The appointment will be effective from the 1st of August and will be based out of Singapore. Markesteijn will report direct...
Posted: Jul 19, 2023
Mounting uncertainties and increasing pressure on insurers due to inflationary forces, are raising concerns over reserve adequacy in the current economic environment, according to the latest sigma report by Swiss Re Institute. Industry analysts ha...
Posted: Jul 18, 2023
MEDVIDA, a leading insurance management company, has announced an agreement with VidaCaixa to manage a significant portion of Sa Nostra Vida’s life insurance portfolio. The transaction, subject to regulatory approval by the Directorate Gener...
Posted: Jul 18, 2023
Thomas Miller, an international provider of insurance services, has announced the appointment of Elliot Dunseath as its new Group Risk & Compliance Director, effective immediately. Dunseath brings to his new role 25 years of experience in risk...
Posted: Jul 18, 2023
In the first six months of 2023, global insured losses from natural catastrophes reached $52 billion, exceeding the decadal average by 18% and the 21st Century average by 39%, according to global reinsurance broker Gallagher Re’s H1 2023 Nat...
Posted: Jul 18, 2023