Reinsurance News
The insurance industry is demonstrating its ability to withstand potential adverse market or economic developments, according to panelists at the 39th Annual S&P Global Ratings Insurance Conference. Amidst concerns such as higher inflation and...
Posted: Jun 26, 2023
Josh Darr has been named Managing Director, Global Head of Peril Advisory at Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan. Darr was appointed to his new role following over three years as Managing Dire...
Posted: Jun 26, 2023
The UK motor insurance market witnessed its worst performing year in a decade in 2022, with further losses expected to take place this year. After the market experienced a profitable year in 2021, when the sector recorded a Net Combined Ratio (NCR...
Posted: Jun 26, 2023
Insurance Europe’s Reinsurance Advisory Board (RAB) has appointed Gen Re chairman Charlie Shamieh as its new chair following the sad death of SCOR’s Denis Kessler, who had held the position since September 2021. Shamieh has more than 37 year...
Posted: Jun 26, 2023
A joint report from Federation of European Risk Management Associations (FERMA) and its industry partners emphasises the need for collaboration among stakeholders in the risk and insurance industry to tackle evolving cyber risks and positions Euro...
Posted: Jun 26, 2023
Moody’s Risk Management Services (RMS) has reviewed forecasts for the 2023 hurricane season, saying they are indicating that a near-normal season is most likely due to the competing and opposing influence of key factors such as the El Niño-S...
Posted: Jun 26, 2023
Moody’s Risk Management Services (RMS) has released its forecast for the 2023 hurricane season, indicating that a near-normal season is most likely due to the competing and opposing influence of key factors such as the El Niño-Southern Oscil...
Posted: Jun 26, 2023
Climate analytics and technology driven risk modelling firm Reask, has entered into a partnership with InsurTech MGA Kettle, which will allow Kettle to offer location-level, wind speed-based parametric hurricane reinsurance in the US. According to...
Posted: Jun 26, 2023
DBRS Morningstar investment analysts assert that reinsurers’ expertise in risk selection and underwriting, coupled with their ability to support new market expansions and product development, sets them apart from alternative capital provider...
Posted: Jun 26, 2023
DBRS Morningstar investment analysts assert that reinsurers’ expertise in risk selection and underwriting, coupled with their ability to support new market expansions and product development, sets them apart from alternative capital provider...
Posted: Jun 26, 2023
The Board of Directors of International General Insurance Holdings have announced that effective July 1, 2023, founder and current Chairman and CEO Wasef Jabsheh will become Executive Chairman, while current President Waleed Jabsheh will assume th...
Posted: Jun 26, 2023
Des Burke, who led the transformation of Tokio Marine HCC International’s technology and establishment of its architectural capabilities as Chief Information Officer, has been promoted to Group Chief Operations Officer. Burke first joined TM...
Posted: Jun 26, 2023
Demand for property re/insurance will keep growing; but with some carriers planning to scale back nat-cat-exposed property lines in an attempt to curtail earnings volatility, unless a significant amount of capital enters the sector, it will be har...
Posted: Jun 26, 2023
Specialty insurance provider Hagerty has raised $105 million in capital from strategic investors, including State Farm, Markel Group and the Hagerty family. According to the firm, the capital raise is comprised of $80 million of convertible prefer...
Posted: Jun 26, 2023
International legacy group, Compre, has announced it is strengthening its capabilities with the appointment of two senior hires, Jennie Earis as chief reserving actuary and Kunal Shrivastava as head of analytics, effective immediately. In their ne...
Posted: Jun 26, 2023
In Fitch Ratings’ global insurance mid-year outlook, Cynthia Chan, Global Head of Insurance, suggested there are more headwinds for non-life insurers where inflation and normalising claims pressure underwriting margins in some key markets. A...
Posted: Jun 26, 2023
Lockton Re, the reinsurance division of insurance broker Lockton, has appointed Chris Parish as Market Innovation Leader, where he will be based in the company’s London office. In the role, Parish will work with a variety of colleagues acros...
Posted: Jun 26, 2023
Analysts at CoreLogic have estimated that the severe thunderstorm activity from June 11-15 caused between $7 and $10 billion in insured losses. The thunderstorm activity brought strong straight-line winds, record-sized hail, and tornadoes, causing...
Posted: Jun 26, 2023
The Supervisory Board of Allianz SE, one of the world’s leading insurance and asset management companies, announced that it has extended the mandates of Barbara Karuth-Zelle and Christopher Townsend, two prominent members of the Allianz SE B...
Posted: Jun 26, 2023
US insurance and investment firm Prudential Financial has appointed Nandini Mongia as President of Prudential Open-Architecture Solutions, effective June 19. In her new role, Mongia will lead the creation of an open-architecture platform, managing...
Posted: Jun 26, 2023
SCOR has announced the appointment of Fabrice Brégier as the Chairman of its Board of Directors. The decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a demanding and rigorous succession process in...
Posted: Jun 26, 2023
RLI Transportation, a full-service provider of insurance products and services for truck, public auto and commercial auto customers, has entered into a partnership with Motive, a technology firm that combines IoT hardware with AI-powered applicati...
Posted: Jun 26, 2023
Swiss Re Institute’s recent Sigma Report highlights the crucial role of mortality protection, inherent to life insurance, in mitigating the growing vulnerability of households globally in the event of the primary breadwinner’s prematur...
Posted: Jun 23, 2023
AM Best is maintaining a Negative outlook for the French non-life insurance segment due to stagnant top line growth, increasing inflation and interest rates impacting profitability, and higher costs and volatility associated with natural catastrop...
Posted: Jun 23, 2023
Stone Ridge Holdings Group has announced that former New York Life CEO, Ted Mathas, has joined as Senior Advisor to help the firm scale its innovative suite of products purpose-built for financial advisors and insurance companies. With investment...
Posted: Jun 23, 2023