Reinsurance News
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has completed its previously announced acquisition of Re Solutions, now Guy Carpenter Israel. Asaf Grinstein, formerly CEO of Re Solutions, has been...
Posted: Jul 03, 2023
A consortium comprised of SMABTP and MACSF have completed the acquisition of a majority shareholding in French reinsurer CCR RE, and also injected an additional €200 million of capital into the reinsurer, following relevant approvals being granted...
Posted: Jul 03, 2023
Global reinsurance broker Gallagher Re released its latest 1st View renewals report, which highlights the trends and dynamics at the July 1 reinsurance renewals. Within the report, the broker highlighted the United States property market at the re...
Posted: Jul 03, 2023
Bermuda-based insurer and reinsurer SiriusPoint, and global legacy acquirer, Compre, have completed their previously announced $1.3 billion ground-up reinsurance loss portfolio transfer (LPT), underwritten by Pallas Reinsurance Company Ltd. This L...
Posted: Jul 03, 2023
The privately-held specialty insurance company, Coaction Global, Inc, has announced the appointment of Erin Brennan Bagley as Executive Vice President (EVP) and General Counsel, effective immediately. Bagley is an industry veteran with more than 2...
Posted: Jul 03, 2023
Assured Guaranty, a Bermuda-based holding company, has completed the business combination of Assured Guaranty’s asset management business with Sound Point, becoming a significant equity holder. As part of the transaction, Assured Guaranty has cont...
Posted: Jul 03, 2023
Allianz Global Corporate Specialty SE (AGCS) has appointed Oskar Buchauer as its new Chief Financial Officer (CFO). With effect from September 1, 2023, Claire-Marie Coste-Lepoutre, CFO of AGCS for more than four years, will hand over to Buchauer w...
Posted: Jul 03, 2023
Gallagher Re’s James Vickers, Chairman International, has asserted that the July renewals were “much better managed” and “stable”, as the pricing and structural market dynamics that defined 1.1 continued, with mid-year placements catching up...
Posted: Jul 03, 2023
In a recent survey conducted by Socotra, a leading core platform provider for modern insurers, it has been found that insurance carriers who invest in technology to enhance the customer service experience for brokers and agents are poised to outpe...
Posted: Jul 03, 2023
Tokio Marine Kiln has announced the appointment of Rob Partridge to its marine division as a Cargo Underwriter with immediate effect. He will be reporting to Richard Hooks, the Departmental Head of Marine & Energy and the role will be based in...
Posted: Jul 03, 2023
Fusion Specialty Europe (Fusion), a leading insurance provider, has announced the establishment of its Southern Europe branch in Madrid and the appointment of Filippo Cibin as partner, effective immediately. The move comes as part of Fusion’...
Posted: Jul 03, 2023
Lemonade Insurance and Lemonade Insurance Company (LIC) have secured property per risk excess of loss reinsurance (PPR contract) to protect its business, effective from July 1, 2023 until June 30, 2024. Under the PPR Contract, claims in excess of...
Posted: Jul 03, 2023
Les Loh has been appointed as the CEO of Southeast Asia & Korea by Guy Carpenter. The role will be based out of Singapore. Loh’s remit in this position will include leading a talented and motivated team with trust and supporting them in fulfil...
Posted: Jul 03, 2023
The Kahramanmaras Earthquake Sequence affecting Turkey and Syria which occurred on the 6th of February has been the largest international catastrophe insurance loss to date in 2023 outside of the US, with an industry loss of $5 billion, according...
Posted: Jul 03, 2023
Gallagher Re, the global reinsurance broker, has released its latest 1st View renewals report, highlighting the trends and dynamics at the July 1 reinsurance renewals, which indicates a continuation of pricing and structural dynamics similar to th...
Posted: Jul 03, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced that Dimitry Zilberud, Head of Marine, Australasia, has been appointed to the additional role of Senior Vice President, Head of Marine, Retail US. Zilberud has more than 25 years of insur...
Posted: Jul 03, 2023
OneDegree Group has closed a $55 million Series B round, that is set to strengthen its expansion into digital assets insurance and generative AI-enabled insurtech solutions. The funding will also be used to broaden the company’s product offering,...
Posted: Jul 03, 2023
R&Q Insurance Holdings appoints Jerome Lande of Scopia Capital Management as Non-Executive Director, bringing a significant addition to its leadership. The decision to appoint Lande stems from the Purchase and Exchange Agreement made between R...
Posted: Jul 03, 2023
Aon’s recent mid-year Reinsurance Market Dynamics report shows that global reinsurer capital rose by 5%, or $30 billion, to $605 billion over the three months to March 31, 2023. The insurance and reinsurance broker’s analysis states th...
Posted: Jun 30, 2023
Insurer Suncorp Group has announced that it has joined the Federal Government’s Cyclone Reinsurance Pool. Lisa Harrison, CEO of Insurance Product & Portfolio at Suncorp Group, confirmed all eligible customers at the point of renewal and any ne...
Posted: Jun 30, 2023
Life insurer and asset manager Aegon has announced it is transferring its legal domicile to Bermuda. Its headquarters will remain in the Netherlands and it will also stay a Dutch tax resident. The group’s supervision will move from the Dutch Centr...
Posted: Jun 30, 2023
There is a notable degree of variability across cyber catastrophe vendor model outputs, according to a recent study which revealed a number of parameters driving discrepancies, including revenue, industry sector classification and differing treatm...
Posted: Jun 30, 2023
Reinsurance company Active Re has become a member of the International Credit Insurance & Surety Association (ICISA). This membership will offer the Active Re the opportunity to participate in conferences, seminars, and other specialised event...
Posted: Jun 30, 2023
Insurers in Australia and New Zealand are adjusting to higher net retentions as reinsurers continue to move away from frequency risk amid consecutive years of heavy major catastrophe losses in the region. But despite the headwinds and increased de...
Posted: Jun 30, 2023
Fitch Ratings has projected that the credit fundamentals of Japanese non-life insurance groups are expected to maintain their resilience throughout the financial year ending in March 2024 (FYE24). Despite facing profitability challenges in FYE23,...
Posted: Jun 30, 2023