Reinsurance News
Kin, a direct-to-consumer home insurance firm has expanded its presence into Arizona, bringing home and property insurance to the state. This marks Kin’s first move into the US Southwest – where the housing boom is contending with climate ri...
Posted: Jul 14, 2023
KBW has reported that in Q2 2023, it expects most underwriters to report “chunky-but-manageable catastrophe losses,” reflecting the US weather, adding that reinsurers’ exposure is materially constrained by rising attachment point...
Posted: Jul 14, 2023
Obsidian Insurance Group, a leading facilitator and supporter of specialty insurance programs, has appointed Jeff Wittlich as its Chief Underwriting Officer (CUO). With a background in reinsurance and program insurance, Wittlich brings extensive e...
Posted: Jul 14, 2023
PVI Insurance Corporation and Seoul-based NongHyup Property and Casualty Insurance (NongHyup P&C) recently signed a Memorandum of Understanding (MOU) to secure their comprehensive business cooperation at PVI Insurance’s headquarters in H...
Posted: Jul 14, 2023
International specialty insurance firm, Ryan Specialty, has announced the appointment of Dawn D’Onofrio to Chief Executive Officer (CEO) and Brian Alvin to Chief Actuary and Chief Underwriting Officer (CUO) of Ryan Specialty National Programs, eff...
Posted: Jul 14, 2023
The threats that are posed by new technologies such as artificial intelligence (AI), which had consistently reduced since 2021, is now predicted to be a growing threat for the next 12 months ahead, according to Beazley’s latest Risk & Re...
Posted: Jul 13, 2023
Placing Platform Limited (PPL) experienced an accelerating trend in the uptake and usage of its Next Gen platform during June, with the number of risks added per week increasing by 100% in the last week of the month. In June, PPL initiated a campa...
Posted: Jul 13, 2023
Broking and solutions firm WTW has appointed two senior directors, Maryellen Allegretti and Patrick Anderson-Higgins, within the firm’s Insurance Consulting and Technology (ICT) operation in North America. Both appointments further bolster I...
Posted: Jul 13, 2023
Arthur J. Gallagher & Co. has announced the acquisition of Carlsbad, California-based Benchmark Commercial Insurance Services. Benchmark is a retail insurance agency that has been offering commercial and personal risk management and insurance...
Posted: Jul 13, 2023
Australian-headquartered re/insurer, QBE Insurance Group Limited has announced the appointment of Peter Wilson as a Non-Executive Director to the Group Board, effective 1 September. Wilson is an accomplished insurance executive and business leader...
Posted: Jul 13, 2023
MSIG North America, the US-based insurance subsidiary of MS&AD Insurance Group Holdings, has joined forces with Amwins, a global distributor of specialty insurance products and services, in a strategic partnership that promises to deliver exce...
Posted: Jul 13, 2023
Fitch Ratings has upgraded African Risk Capacity (ARC) Limited’s Insurer Financial Strength (IFS) to ‘A-‘ from ‘BBB+’ and Long-Term Issuer Default Rating (IDR) to ‘BBB+’ from ‘BBB’. ARC’s outlo...
Posted: Jul 13, 2023
Wes Thompson has been elected to the Boards of Directors of Constellation Insurance, Inc. and its affiliated subsidiaries, including The Ohio National Life Insurance Company (ONLIC), Ohio National Life Assurance Corporation (ONLAC) and National Se...
Posted: Jul 13, 2023
Applied Research Associate, Inc.’s latest version of HurLoss has once again been accepted by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for insurance rate making in Florida. According to the ARA, this latest version i...
Posted: Jul 13, 2023
In a series of meetings held during a recent marketing trip, Berenberg found that US investors, predominantly from New York and Chicago, are increasingly drawn to reinsurers, with a growing interest in the UK market as macro risks stabilise. The d...
Posted: Jul 13, 2023
WTW has announced the appointment of Punil Chaubal as the Insurance Investment Advisory Proposition Leader in the UK. As part of WTW’s Insurance Consulting and Technology (ICT) business, Chaubal will be based in London and report to Marcus B...
Posted: Jul 13, 2023
Fortegra Specialty Insurance Company (FSIC), a subsidiary of The Fortegra Group, Inc. (Fortegra), and Rockwood Programs, Inc. have partnered to develop specialised insurance products tailored to the unique liability exposures faced by financial in...
Posted: Jul 13, 2023
Sompo International has announced the appointment of Renata Barcellos as Head of Risk Control Services, Global Markets Insurance business. Barcellos holds almost two and a half decades of risk control insurance experience spanning various products...
Posted: Jul 13, 2023
Insurance brokerage and risk management firm, Risk Strategies, has unveiled its Cyber Risk Management Platform (RMP), a new cyber risk management service offering that “goes beyond” providing clients with external vulnerability scans t...
Posted: Jul 13, 2023
Specialty insurer and reinsurer SiriusPoint has appointed Thomas Leonardo as Global Head of Accident & Health (A&H), effective immediately. According to SiriusPoint, Leonardo has worked in the group life and health industry since 1994, spe...
Posted: Jul 13, 2023
Global insurer AXA has announced the completion of the acquisition of Groupe Assurances du Crédit Mutuel España (GACM España). GACM España is a predominantly P&C and health insurance subsidiary in Spain. Under the terms of the transaction, AXA...
Posted: Jul 13, 2023
Lucas Beckmann has joined global reinsurance giant Munich Re in a new position as Chief Underwriting Officer (CUO) Casualty for Lloyd’s & Bermuda Markets and Global Clients. Beckmann has over fifteen years of experience working with Muni...
Posted: Jul 13, 2023
Specialist insurance provider CFC has launched an innovation facility to develop and underwrite products under the Lloyd’s “ICX” innovation risk code. Led by the CFC 1988 syndicate, CFC suggests that the new innovation facility will pursue opportu...
Posted: Jul 13, 2023
Christian Sandric will join Allianz Commercial as Commercial Managing Director Asia in Singapore with effect from 1 September, subject to regulatory approval. Sandric will join the company from AIG Singapore where he currently serves as President...
Posted: Jul 13, 2023
Canopius, a leading global specialty (re)insurer, has announced the appointment of Isabel Finn as a Senior Cyber Threat Intelligence Analyst, effective immediately. Finn, who joins from FTI Consulting, brings a wealth of experience in the field of...
Posted: Jul 13, 2023