Reinsurance News
Asian Re, the intergovernmental organization established in May 1979 under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) has re-elected Dr Gholamreza Soleymani unanimously as the Chairman of...
Posted: Jun 28, 2023
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has partnered with GeoX to provide P&C insurance organisations with geospatial property data and first floor elevation data to more accuratel...
Posted: Jun 28, 2023
Kwaku Baah-Nuakoh has become the new Chief Executive Officer of Seychelles Reinsurance Global Ltd (SeyRe Global), a Barbados-based re/insurer. The reinsurer’s aim is to achieve a consistent growth target over its first five years and to leve...
Posted: Jun 28, 2023
American Association of Insurance Services (AAIS) has announced the selection of Werner E. Kruck as its new President and Chief Executive Officer, effective June 26, 2023. With an extensive background in the insurance industry, Kruck brings over 4...
Posted: Jun 28, 2023
The African Export-Import Bank today in Accra launched its wholly-owned insurance management services subsidiary, AFREXInsure, which took place on the sidelines of Afreximbank’s 30th Anniversary Annual Meetings. The launch comes with a commitment...
Posted: Jun 28, 2023
2023 is predicted to be a below average storm season in the US, which along with price increases achieved over the past several years, should benefit re/insurers and underwriters; this amid a “fatigued” market caused by a challenging last 5 years...
Posted: Jun 27, 2023
Global professional services firm Aon has announced a series of internal promotions to augment the capabilities for the Global Reinsurance Clients (GRC) segment within its Reinsurance Solutions. The GRC team works with the firm’s largest insurer c...
Posted: Jun 27, 2023
Direct non-life insurers in advanced markets have experienced a deceleration in the release of prior-year loss reserves, prompting concerns about adequacy due to recent shocks, leading to an uptick in the share of incurred-but-not-reported (IBNR)...
Posted: Jun 27, 2023
Russ Dunne has been appointed as the Director of Reinsurance Strategy and Placement at AmericanAg. He will be based in St Paul, Minnesota. Dunne is a market veteran with over 20 years of experience. Prior to this, Dunne spent over 11 years at Howd...
Posted: Jun 27, 2023
American Elm Distribution Partners, LLC has been engaged by Ascendant Capital to distribute a new round of Preferred Shares designed to further expand Ascendant’s reinsurance business and its unique investment diversification strategy amongst inve...
Posted: Jun 27, 2023
Victor Insurance Managers LLC, the global managing general underwriter, has announced the launch of Victor Insurance Exchange (Victor Exchange), a reciprocal insurance exchange, to deliver additional US property catastrophe capacity to existing an...
Posted: Jun 27, 2023
Brookfield Reinsurance has announced that following close of markets on June 26, 2023, the company has submitted a letter to the board of directors of American Equity Investment Life Holding Company (AEL) setting forth a proposal to acquire all of...
Posted: Jun 27, 2023
Specialist global insurer Hiscox has appointed Chris Loake as the Group’s Chief Information Officer. In the new role, Hiscox suggests that Loake will drive the Group’s global technology strategy enabling its overall business ambition to “dri...
Posted: Jun 27, 2023
Specialty insurer HSB, part of Munich Re, has renewed its agreement with Cyberwrite for the use of its AI-driven cyber insurance platform, 4SEEN, as part of its ongoing strategy to better leverage data and technology in its cyber insurance underwr...
Posted: Jun 27, 2023
World’s largest independent insurance broker, Lockton has announced the appointment of Clarissa Franks as Head of UK P&C Retail. Franks will report to the European CEO, EJ Hentenaar, and work with Tony Hardy, Head of UK P&C, to transfer ov...
Posted: Jun 27, 2023
Global ratings agency AM Best has announced that it is maintaining its stable outlook on South Korea’s non-life insurance segment, due to improved performance of the long-term insurance line of business and greater stability in auto profitability....
Posted: Jun 27, 2023
Global insurance group Howden has announced the appointment of Rowan Douglas as Chief Executive Officer (CEO), Climate Risk and Resilience. Based in London, Douglas will continue to build an expert, full spectrum function to support the group worl...
Posted: Jun 27, 2023
Raincoat, a startup developing scalable climate insurance solutions, has announced the closing of an additional $6.5 million seed round. This follows the $4.5 million Raincoat raised last year, bringing its total raised to date to $11 million. Acc...
Posted: Jun 27, 2023
Global underwriting leader, Everest Re Group, Ltd. providing property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately. He will repo...
Posted: Jun 27, 2023
Specialty insurer, Mosaic Insurance has raised capacity from $15 to $30 million per political risk to support green finance in developing economies. This move was made by leveraging both its Lloyd’s Syndicate 1609 and trade-partner capital through...
Posted: Jun 27, 2023
Moody’s Investors Service has changed Aon’s rating outlook to positive from stable based on the company’s record of improving profitability, its healthy free cash flow, and Moody’s expectation that Aon will maintain financial leverage toward the l...
Posted: Jun 27, 2023
Insurance brokerage Relation Insurance Services, has announced that Tim Hall, President, has been appointed CEO. He will succeed Joe Tatum who will remain a member of Relation’s Board of Directors. A seasoned insurance and financial services...
Posted: Jun 27, 2023
Global non-life specialty insurer R&Q Insurance Holdings Ltd. has announced that AM Best has recognized Accredited as an independent ratings unit, distinct from R&Q. AM Best has maintained the Financial Strength Rating of A- (Excellent) of...
Posted: Jun 27, 2023
MetLife Inc., one of the world’s leading financial services companies has made several leadership changes. The firm has announced that Steven J. Goulart, Chief Investment Officer and President of MetLife Investment Management, will retire on Augus...
Posted: Jun 27, 2023
Vortex Insurance’s supplemental parametric hurricane insurance is now available online for for small and medium-sized businesses in parts of the US. Launched on March 2023, the insurtech company stated its supplemental hurricane insurance will wor...
Posted: Jun 27, 2023