Reinsurance News
Emerging Asia is set to become the primary driver of global economic growth in the coming years, according to the latest sigma report by Swiss Re Institute. With China’s economy reopening and experiencing a recovery in demand, Swiss Re forec...
Posted: Jul 10, 2023
Inver Re has announced the set up of a Bermuda-based Class 3 re/insurer and segregated accounts company, Inver Re (Bermuda) SAC Ltd. According to the firm, Inver Re (Bermuda) SAC Ltd. (Inver SAC) was registered in Bermuda by the regulator the Berm...
Posted: Jul 10, 2023
OAC, an actuarial and compliance consultancy services firm, has joined the Managing General Agents’ Association (MGAA). The firm is part of the Broadstone Group following its acquisition in April 2023. It offers a range of services to MGAs ranging...
Posted: Jul 10, 2023
Tokio Marine Kiln (TMK) has announced a series of appointments to further bolster its presence within the cyber market. Firstly, the company has confirmed that Aoife Woulfe, former Head of intellectual property (IP) at TMK, has been appointed to t...
Posted: Jul 10, 2023
A study by Future Processing and Censuswide found that about one-third of UK consumers feel insurance companies are not improving customer experience, with Artificial Intelligence (AI) being a key priority for enhancement. The findings of the rese...
Posted: Jul 10, 2023
COVID-19 and the war in Ukraine highly impacted the global economic and policy cycles, but now that the base effect of these shocks is fading idiosyncratic domestic factors will regain the main drivers of diverging cycles in the second half of thi...
Posted: Jul 10, 2023
COVID-19 and the war in Ukraine highly impacted the global economic and policy cycles, but now that the base effect of these shocks is fading idiosyncratic domestic factors will regain the main drivers of diverging cycles in the second half of thi...
Posted: Jul 10, 2023
Athora, a European savings and retirement services group, has appointed Michael Koller as Group Chief Risk Officer, succeeding Lukas Ziewer, who stepped down from the role in May. Koller has more than three decades of industry experience and was m...
Posted: Jul 10, 2023
Oakbridge Insurance Agency LLC, one of the largest independent insurance and risk management agencies in the US, has entered into a new partnership with JHA Risk Management (JHARM), a personal and commercial P&C insurance agency, based in Rock...
Posted: Jul 10, 2023
Charles Taylor InsureTech (CTI), the global provider of technology solutions for the insurance market, has announced its partnership with ReSpark, a company specialized in automated management of quotes, rates, and diverse regulatory requirements...
Posted: Jul 10, 2023
Falvey Insurance has announced the appointment of Juanita Shaikh to its underwriting team as Vice President, Marine Cargo. Shaikh will be located in Houston, TX and will conduct business there from a remote office. Shaikh is a market veteran with...
Posted: Jul 10, 2023
The global property information, analytics, and data-enabled solutions company, CoreLogic, has announced its integration with Databricks Marketplace. This move expands the accessibility of CoreLogic’s comprehensive datasets and analytics too...
Posted: Jul 07, 2023
AM Best has upgraded the credit ratings of the subsidiaries of Odyssey Group Holdings, Inc., and assigned a stable outlook. The firm’s members now have a Financial Strength Rating (FSR) of A+ (Superior) which was previously A (Excellent), and its...
Posted: Jul 07, 2023
Barnett Waddingham (BW), a leading independent UK professional services consultancy across risk, pensions, investment and insurance, advised Chubb Trustees to insure £1 billion of liabilities with Standard Life. According to the announcement, the...
Posted: Jul 07, 2023
Zurich Insurance Group has joined forces with Belgium-based Qover, to expand its embedded insurance capabilities. The insurer entered this partnership through Zurich Global Ventures as part of which Zurich is also joining the insurtech’s Series C...
Posted: Jul 07, 2023
Broking veteran Ken MacDonald is to advise and support Skyline Partners’ clients in product development, distribution, and funding, through MacDonald’s newly launched Ri3K Consulting, the parametric specialist has announced. “Parametric structures...
Posted: Jul 07, 2023
Insurance broker Howden has announced that Pernix Specialty Limited has joined Howden CAP as its latest API (Application Programming Interfaces) partner. This partnership heavily reflects both Howden CAP and Pernix’s commitment to use digital plat...
Posted: Jul 07, 2023
Recently formed Specialty MGA UK, which is focused on providing additional capacity for specialty lines of businesses, has been approved as a Lloyd’s Coverholder. After being set up last year, Lloyd’s accreditation represents another significant s...
Posted: Jul 07, 2023
Tokio Marine Holdings has introduced a group-wide market intelligence platform to support operations related to collaboration with external companies. According to Tokio Marine, the system allows the firm to share information, including the status...
Posted: Jul 07, 2023
Capital raised (YTD) will unlikely dent the recovery the re/insurance sector has seen in pricing and improvements in terms and conditions year to date, according to a recent JP Morgan report. At this stage, analysts believe that the capital raised...
Posted: Jul 07, 2023
An updated 2023 Atlantic hurricane season forecast released by the Colorado State University (CSU) anticipates more tropical cyclone activity than previously projected. In June it was reported that CSU was anticipating 14 additional named storms r...
Posted: Jul 07, 2023
Kingstone Companies, Inc., an American P&C insurance holding company, has announced the finalisation of its reinsurance program for the period between July 1, 2023 through June 30, 2024. “I am delighted to let you know that Kingstone has...
Posted: Jul 07, 2023
Australian insurer IAG has confirmed the completion of its whole-of-account quota share arrangement, aggregate reinsurance and third/fourth event covers for the financial year ending June 30th, 2024. The primary insurer has adjusted its aggregate...
Posted: Jul 07, 2023
The Net-Zero Insurance Alliance was launched and convened by the UN Environment Programme, two years ago. Since then the NZIA and its partners have developed the foundational concepts and frameworks to support its members as they work towards deca...
Posted: Jul 07, 2023
K2 Financial, a business unit of K2 International and part of K2 Insurance Services LLC, has appointed Kevin Leach as Senior Vice President and founder of K2 Financial’s US operation. An experienced veteran across the industry, Leach joins K2 from...
Posted: Jul 07, 2023