Reinsurance News
Lockton’s reinsurance business, Lockton Re, has seen a double-digit organic growth, contributing to the growth in global revenue to $3.1 billion for FY23. The independent insurance broker has reported revenue growth of 17% on a constant curr...
Posted: Jun 29, 2023
ICW Group Insurance Companies, a group of property and casualty carriers, has announced the promotion of John Novak to President. His remit will include leading the company’s multi-line growth strategy, expanding its value-added service offe...
Posted: Jun 29, 2023
Global advisory and broking firm, WTW, has announced a strategic collaboration with global law firm Clyde & Co to strengthen its climate risk management offerings. Leveraging their long-standing relationship, WTW will integrate Clyde & Co&...
Posted: Jun 29, 2023
Topsail Re, a Cayman islands based reinsurer has promoted Eric Hubicki to Senior Vice President, Underwriting Manager. Since joining the firm in 2020 as SVP, Hubicki has been an integral part of the company, specialising in reinsurance marketing,...
Posted: Jun 29, 2023
Despite seeing strong growth in its Accredited business in 2022, R&Q Insurance Holdings has reported a pre-tax operating loss of $33.3 million, impacted by $32 million of adverse development and the transition to a fee-based revenue model at R...
Posted: Jun 29, 2023
Brown & Brown, a leading insurance brokerage firm, appointed two Paul Krump and Bronislaw Masojada, to its board of directors. H. Palmer Proctor, Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Go...
Posted: Jun 29, 2023
American Financial Group appointed John B. Berding as the new President of AFG, effective immediately. Berding, who currently serves as the President of American Money Management Corporation (AMMC), will continue his role in addition to his new re...
Posted: Jun 29, 2023
Helped by the capabilities of solutions such as Moody’s RMS’ HWind, parametric insurance is being leveraged more broadly to the benefit of the entire value chain, according to Callum Higgins, Moody’s RMS, and Martin Hotz, Swiss Re Corporate Soluti...
Posted: Jun 29, 2023
Despite contending with economic headwinds and the related challenges, Latin America’s insurance market remains sound with premium levels nearing those last seen in 2019, credit rating agency AM Best stated in a new report. The Best’s Special Repo...
Posted: Jun 29, 2023
Reflecting challenging market conditions for any company attempting an initial public offering (IPO) of its shares at this time, global insurance and reinsurance player Fidelis Insurance Holdings Limited has priced its IPO well below the marketed...
Posted: Jun 29, 2023
Athene Holding Ltd. has announced that Michael Consedine, former Chief Executive Officer of the National Association of Insurance Commissioners, has joined Athene as Executive Vice President, Head of U.S. Government and Regulatory Relations. Conse...
Posted: Jun 29, 2023
Aluminium Bahrain B.S.C, the largest aluminium smelter in the world after China, held a Reverse Insurance Roadshow. This was the first of its kind in the MENA region, with top-rated insurance and reinsurance markets, in collaboration with Bahrain...
Posted: Jun 29, 2023
Analysis from Swiss Re after the first six months of the year reveals that the global reinsurer still expects the impacts of higher underwriting and investment income to drive an improved return on equity (ROE) for the US property and casualty (P&...
Posted: Jun 28, 2023
AXIS Re, the reinsurance business segment of AXIS Capital Holdings, announced the appointment of Claudine Cutrone Rossman as the Global Broker Market Executive for Reinsurance, effective July 1. Rossman, who currently serves as the head of AXIS Re...
Posted: Jun 28, 2023
Allianz Global Corporate & Specialty SE (AGCS) has announced the appointment of Anthony Vassallo as the Global Head of Natural Resources, effective immediately. In his new role, Vassallo will report to Gordon Browne, the Global Head of Special...
Posted: Jun 28, 2023
Oxbridge Re Holdings Limited has announced that its Web3-focused, wholly-owned subsidiary, SurancePlus Inc., has closed a $2.4 million private capital raise through the sale of 244,776 of its tokenized reinsurance security, DeltaCat Re. According...
Posted: Jun 28, 2023
The Federation of European Risk Management Associations (FERMA) has announced the election of Charlotte Hedemark as its next President. Her tenure as President will start on 17 October. She will be succeeding Dirk Wegener following the completion...
Posted: Jun 28, 2023
In a recent thematic review conducted by UK regulator the Prudential Regulation Authority (PRA), part of the Bank of England, across the general insurance sector, concerns have been raised regarding the impact of claims inflation on general insura...
Posted: Jun 28, 2023
What is currently estimated to be an infrequent and severe 1-in-100 year flood event can now be expected every eight years, the First Street Foundation, a nonprofit research group, has revealed. The 8th National Risk Assessment: The Precipitation...
Posted: Jun 28, 2023
Ageas groups reinsurance brand Ageas Re has bolstered out its leadership team through a series of appointments. Firstly, Stephan Rappaz from Peak Re has been appointed to the role of Underwriting Director Casualty, where he will be based in Aegas...
Posted: Jun 28, 2023
On-demand insurance platform, INSHUR, has announced it is working with SADA, a leading business and technology consultancy and award-winning Google Cloud partner, to bolster global growth. According to the announcement, this joint effort will help...
Posted: Jun 28, 2023
Flow Capital, a provider of flexible growth capital and alternative debt solutions, has closed an investment in B2B2C insurtech Wrisk Limited. Wrisk is a digital-first insurance business that works with automotive brands to “shape the future...
Posted: Jun 28, 2023
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, appointed Kelly Butler as the UK Cyber Leader, effective October 2023. As part of her new role, Butler will be based in London and report directly to Be...
Posted: Jun 28, 2023
Everest Insurance, the insurance division of Everest Re Group, Ltd., has appointed Scott Leney as Head of Asia Pacific for its International Division, effective November 6. He will be based in Sydney, Australia and will report to Adam Clifford and...
Posted: Jun 28, 2023
A joint report from Federation of European Risk Management Associations (FERMA) and its industry partners, which examines how Europe can be the driving force towards cyber resilience, was recently published earlier this month. The report was produ...
Posted: Jun 28, 2023