Reinsurance News
Nationwide Pension Fund has completed a £1.7bn longevity risk transfer transaction with Zurich Assurance and Prudential Financial Inc (PFI), covering the longevity risk for around 7,000 in-pay members in the UK. Under the transaction, which closed...
Posted: Jun 21, 2023
Fusion Specialty, the renowned global boutique M&A and specialty insurance services group, has recently made significant leadership changes with the appointment of two new CEOs. Michael Federer, commonly known as Mike, has been promoted to the...
Posted: Jun 21, 2023
Based on its high-resolution SCS Reference Model, Karen Clark & Company (KCC) has estimated that the insured loss from the Severe Convective Storm (SCS) outbreak between June 10th and 19th in the US will be close to $5.5 billion. KCC recently...
Posted: Jun 21, 2023
More than a year after its initial public offering (IPO), special purpose acquisition company (SPAC), Financials Acquisition Corp, has asked for approval to extend its business combination deadline to the end of 2023, as it lays out plans to estab...
Posted: Jun 21, 2023
In a recent report by Stonybrook, it has been projected that the global property and casualty (P&C) insurance market will experience significant growth, surpassing $3.3 trillion in annual Gross Written Premiums (GWP) by the end of the 2020s. H...
Posted: Jun 21, 2023
Headline CPI disinflation is set to slow in the next months, but services inflation will be its biggest obstacle as it comes down at an even slower pace, or even accelerates, according to the Swiss Re Institute. “Despite rapid interest rate rises...
Posted: Jun 21, 2023
Arbol, a global climate risk coverage platform, in collaboration with The Institutes RiskStream Collaborative, a blockchain and emerging technologies consortium, have unveiled dRe, a blockchain-powered parametric reinsurance platform. According to...
Posted: Jun 20, 2023
One of the key takeaways from Swiss Re’s Fireside Chat with Goldman Sachs was that management highlighted its views on the hard market momentum and the impact of interest rate increases. John Dacey, Chief Financial Officer of Swiss Re said t...
Posted: Jun 20, 2023
Aspen Insurance Holdings Limited has announced the appointment of Robert Tartaglia to the newly created position of SVP, Chief Operations Officer, Insurance. Based in Aspen’s offices in Jersey City, Tartaglia will start his new role from July 3rd....
Posted: Jun 20, 2023
Whitespace, the fully digital e-trading platform and a Verisk company has announced that it has reached an agreement with Miller, the specialist re/insurance broker, to join its platform. Initially, Miller is using the Whitespace Platform in its C...
Posted: Jun 20, 2023
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced the launch of its initial public offering (IPO) of 17 million of its common shares, as the firm looks to “take advantage of the ongoin...
Posted: Jun 20, 2023
The first diamond open access journal has launched for catastrophe risk and resilience research; some of its founding members include AXA XL, MS Amlin, WTW and Flood Re. A not-for-profit publication, the Journal of Catastrophe Risk and Resilience...
Posted: Jun 20, 2023
According to Insuramore’s global rankings, cyber insurance gross direct premiums written (GDPW) valued around $13.5 billion in 2022, rising towards $14 billion if captive insurers are also included. The firm said in a statement that this shows tha...
Posted: Jun 20, 2023
Everest Insurance, the insurance division of Everest Re Group, Ltd., has announced the appointment of Renato Rodrigues to President and CEO of Everest Insurance Company of Canada. He will be based in Toronto, and report to Mike Mulray, President o...
Posted: Jun 20, 2023
Global advisory and broking firm, WTW, has partnered with Kroll to launch a Property Rebuild Assessment Service, offering clients accurate valuations and advice to ensure proper property protection and avoid overpayment for insurance coverage. By...
Posted: Jun 20, 2023
BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Brendan O’Brien as Vice President, based in Bermuda. O’Brien joins BMS Re from Assured Guaranty Re’s structured finance division, where he served as an underwrite...
Posted: Jun 20, 2023
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has announced the appointment of Vincenzo Cacia as its next CEO of Italy. The company has also announced key appointments in Italy to further strengthen it...
Posted: Jun 20, 2023
After four years in development, Big Ticket, an industry-backed renewal data platform, was launched at the annual Airmic conference in the UK. According to the announcement, this shared corporate data platform aims to transform the $1tn global com...
Posted: Jun 20, 2023
Covéa Insurance has announced that Georges de Macedo has been appointed as the CEO of Covéa Insurance with immediate effect. The announcement comes after Adrian Furness has decided to step back as CEO of Covéa UK businesses and is leaving Covéa af...
Posted: Jun 20, 2023
Aon’s Randolph Re has structured and placed a cat bond on an indemnity basis on behalf of Paris-based Groupama, which protects against adverse deviation of climatic losses in France. The Groupama Group is one of the leading mutual insurers i...
Posted: Jun 20, 2023
According to MS Amlin, recent scientific findings indicate that tropical cyclones are expected to become more powerful, leading to heightened rainfall and larger storm surges. Since 1990, there has been a gradual rise in the frequency of North Atl...
Posted: Jun 19, 2023
Alliant Insurance Services has named Peter Mahoney Senior Vice President within its Alliant Americas division. In his new role, based in New York, Mahoney will focus on designing, implementing, and managing risk mitigation solutions and strategies...
Posted: Jun 19, 2023
Intangic MGA, a data science-driven London-based Managing General Agent (MGA), has announced the launch of the Intangic CyFi™ Dashboard, an early warning tool to provide companies with data-backed predictions for cyber breaches and offer pr...
Posted: Jun 19, 2023
Risk transfer solutions such as environmental liability and business interruption cover are emerging as vital components to help corporates build resilience against nature loss, according to Marsh McLennan recent report. As businesses face greater...
Posted: Jun 19, 2023
Risk transfer solutions such as environmental liability and business interruption cover are emerging as vital components to help corporates build resilience against nature loss, according to Marsh McLennan recent report. As businesses face greater...
Posted: Jun 19, 2023