Reinsurance News
Lemonade, a digital insurance firm powered by AI and social impact, has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create Synthetic Agents, a financial structure that unlocks growth without d...
Posted: Jun 30, 2023
AXA has revealed its targets to drive the decarbonisation of various P&C insurance portfolios, with the firm stating it will reduce the absolute carbon emissions of its largest commercial insurance clients by 30% by 2030. AXA’s targets a...
Posted: Jun 30, 2023
Insured losses from major natural catastrophes in the second quarter of 2023, driven by storms in the US, are estimated to be less than $10 billion, JP Morgan has revealed. This includes ~$7 billion from the US storms during the month of June, whi...
Posted: Jun 30, 2023
Global re/insurer Chubb announced the promotion of Zelda Mostert to the position of Country President for South Africa. Mostert, currently serving as Chief Financial Officer for the region, will take on the new role with effect from July 1. As Cou...
Posted: Jun 30, 2023
Falvey Insurance Group has announced the appointment of Isabelle Therrien into the newly created role of Executive Vice President, Head of Cargo. This strategic leadership role will report directly to the recently appointed Chief Underwriting Offi...
Posted: Jun 30, 2023
Vienna Insurance Group (VIG) has announced that Hartwig Löger will take over the Chairman’s position of the Managing Board from Elisabeth Stadler. According to the firm, at the end of August 2022, Stadler announced she would not renew her mandate,...
Posted: Jun 30, 2023
In 2021, over 4,400 mutual insurers collectively wrote USD 1.42 trillion in insurance premiums, the highest level of premium volume ever recorded by the mutual sector, according to the International Cooperative and Mutual Insurance Federation’s la...
Posted: Jun 30, 2023
Lloyd’s focused investment vehicle, Helios Underwriting, announced the appointment of Michael Wade as Chairman during its Annual General Meeting. Wade succeeds Michael Cunningham, who has retired from the company. Wade brings a wealth of exp...
Posted: Jun 30, 2023
Specialty re/insurance firm Canopius Group, has launched its Cyber Incident Management Team (CIMT), which is available to all Canopius cyber policyholders worldwide with immediate effect. According to Canopius, the service provides comprehensive s...
Posted: Jun 30, 2023
Cyber underwriter powered by a proprietary AI-driven cyber risk platform, Corvus Insurance, has announced new AI- and NLP-driven features to increase the degree of automation of routine manual tasks in the underwriter’s workflow within Corvus Risk...
Posted: Jun 30, 2023
Vantage Risk has formalised its Board of Directors with the appointment of two new independent directors Caroline Foulger and W. Dave Dowrich. Foulger has been a longtime advisor to insurance companies and financial institutions. During her career...
Posted: Jun 30, 2023
Publicly traded health insurance companies in the United States have shown commendable financial performance in the post-pandemic era, with a 9% increase in net income to $40 billion in 2022, despite healthcare utilisation surpassing pre-pandemic...
Posted: Jun 30, 2023
Ambac Financial Group, Inc., a financial services holding company, has announced the appointment of Michael D. Price and Kristi A. Matus as members of its Board of Directors, effective immediately. Matus will be a member of the Board’s Audit and C...
Posted: Jun 30, 2023
In contrast to the broader deals slowdown in other sectors, there were 194 announced insurance M&A transactions representing over $7 billion in value for the six months from mid-November 2022 to mid-May 2023, suggests a new report from PwC. Th...
Posted: Jun 30, 2023
Global broking firm Brokerslink has added captive and insurance management consultancy, Robus Group to its network. The consultancy offers services to captive insurers, open market insurers, and reinsurers along with intermediaries and other corpo...
Posted: Jun 30, 2023
A sense of order returned to reinsurance renewals at the mid-year, helped by the catastrophe reinsurance market finding a new equilibrium with ample capacity available for property cat risks, according to insurance and reinsurance broker Aon. The...
Posted: Jun 29, 2023
SiriusPoint, a global specialty insurer and reinsurer, has announced the appointment of Linda Lin as Chief Legal Officer, a New York-based role. Lin will join SiriusPoint’s Executive Leadership Team (ELT) and take over her new role from July 24th,...
Posted: Jun 29, 2023
The Prudential Regulation Authority (PRA) is consulting on a major set of reforms to Solvency II with the aim of creating a new UK regulatory regime for insurance firms, known as Solvency UK, which is better adapted to the UK insurance market. The...
Posted: Jun 29, 2023
The latest Artemis live video interview from our insurance-linked securities (ILS) focused sister publication, delves into the world of technology enabled claims instigation, which the Co-founders of 4WARN Inc. explained is resulting in both highe...
Posted: Jun 29, 2023
Federato, the insurance industry’s first RiskOps underwriting platform has announced that it has raised $25 million in Series B funding, led by Caffeinated Capital, with participation from Emergence Capital and Pear VC. This round comes less...
Posted: Jun 29, 2023
Collaboration among stakeholders in the risk and insurance industry to tackle evolving cyber risks is essential, a recent report from Federation of European Risk Management Associations (FERMA) has stated, with individuals like Martin Kreuzer, Sen...
Posted: Jun 29, 2023
“The LMG has been at the forefront of calls for a more proportionate and accountable regulatory framework and the final Bill closely reflects the measures that we have asked for over the last 18 months,” The London Market Group said as...
Posted: Jun 29, 2023
The first half of 2023 witnessed a significant decline in venture capital funding for insurtech start-ups, reaching levels similar to 2018. According to the report “The State of Global Insurtech” prepared by Dealroom.co, Mundi Ventures...
Posted: Jun 29, 2023
Insurance and reinsurance broker Aon’s recently published Weather, Climate and Catastrophe Report: Asia Pacific Insights, identifies global natural disaster and climate trends in the region, highlighting a large protection gap in the region....
Posted: Jun 29, 2023
K2 Insurance Services LLC, an independent specialty insurance program manager, has signed a new multi-year deal with global catastrophe risk modeling and solutions firm, Moody’s RMS. The new multi-year deal, which covers three of K2’s...
Posted: Jun 29, 2023