Reinsurance News
Hannah Farrer Fisher has been appointed Chief Financial Officer (CFO) of Equator Re and Blue Ocean Re, subsidiaries of QBE, an Australian-headquartered re/insurer. Equator Re is QBE’s Bermuda domiciled captive reinsurer, and Blue Ocean Re is the c...
Posted: Jun 19, 2023
The African Risk Capacity (ARC) Group has launched a parametric insurance product aimed to help African countries cope with the devastating effects of flooding. This mechanism will provide countries with predictable and rapid financing for early r...
Posted: Jun 19, 2023
Global advisory and broking firm, WTW, has announced the release of its enhanced Cyber Quantified model, designed to assist companies in evaluating cyber loss potential and optimising risk management strategies. With the increasing prevalence of c...
Posted: Jun 19, 2023
Pension Insurance Corporation Group Limited (PIC), the ultimate parent company of Pension Insurance Corporation plc, the specialist insurer of UK defined benefit pension schemes, has provided a PIC company update and pension risk transfer market o...
Posted: Jun 19, 2023
European insurers’ ratings are likely to be resilient to a moderate fall in commercial real estate (CRE) values, although a systemic crisis would put greater pressure on individual issuers with larger exposures, suggests a new report from analysts...
Posted: Jun 19, 2023
Blink Parametric partners with Newpoint’s Getcover.com, to launch a suite of bespoke online travel insurance products that utilise a real-time parametric flight delay solution for their eligible travel insurance policyholders. The data-driven flig...
Posted: Jun 19, 2023
Amwins Global Risks, the international arm of global specialty insurance broker Amwins and one of the largest independent wholesale brokers in London has announced the launch of Amwins Amplify. This is a new automated follow-form facility led by B...
Posted: Jun 19, 2023
Blockchain based insurance marketplace Nayms has announced that it has launched its first fully capitalised insurance program on the Nayms Marketplace. The Nayms Marketplace brings together insurers, insureds, capital providers, brokers, and under...
Posted: Jun 19, 2023
Liberty Specialty Markets (LSM), a leading insurance provider and part of the Liberty Mutual Insurance Group, has announced the appointment of Luis Prato as President of LSM London, effective from December 2023. Prato will report to Phil Hobbs, Pr...
Posted: Jun 19, 2023
Athora Holding Ltd., the European savings and retirement services group, has announced the successful completion of its first debt offering in the public capital markets. The transaction is a €600 million senior unsecured fixed rate notes issuance...
Posted: Jun 19, 2023
Swiss Re Institute’s 2023 SONAR report has highlighted malicious attacks on artificial intelligence systems and potential clashes over new trading routes in the Arctic as possible threats as the risk landscape continues to burgeon. Swiss Re&...
Posted: Jun 19, 2023
CNA, a commercial property and casualty insurer, has announced the appointment of Dan Franzetti to the newly created position of Chief Administrative Officer. In his new role, Franzetti will have oversight for a broad set of enterprise strategic f...
Posted: Jun 19, 2023
AM Best has revised Asian Reinsurance Corporation’s (Asian Re) outlooks to positive from stable, affirming its Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of “bbb-” (Good), reflecting the companyR...
Posted: Jun 19, 2023
Following five years with Ikano Group, Angela Mall has been named Chief Executive Officer at Ikano Re AG. Mall has over a decade of industry experience, and has spent over half of it with the Group. Prior to her new role, she was a Senior Underwri...
Posted: Jun 19, 2023
Christoph Jurecka, CFO of Munich Re, anticipates that the hard market cycle will persist into 2024, unless 2023 proves to be a very benign year for natural catastrophes. Jurecka recently spoke with analysts at Goldman Sachs, and noted that there i...
Posted: Jun 16, 2023
Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced the expansion of its partnership with Compre Group Holdings (Compre), an international legacy group based i...
Posted: Jun 16, 2023
In 2022, lightning strikes caused over $950 million in homeowners insurance claims across the United States, according to the Insurance Information Institute (Triple-I). The data, released to coincide with Lightning Safety Awareness Week (June 18-...
Posted: Jun 16, 2023
Exdion Solutions, a developer of commercial insurance policy management and data analytics software, has appointed Steven Salar President and Head of Insurance Operations. With more than three decades of experience in commercial and personal lines...
Posted: Jun 16, 2023
Despite being a peril that is difficult to assess, Swiss Re’s Gianfranco Lot suggests that wildfire risk is “clearly insurable” as he anticipates it will still form part of the firm’s nat cat portfolio going forward. “Wildf...
Posted: Jun 16, 2023
International specialist insurer Hiscox has selected Ivalua, a provider of cloud-based Spend Management software, to digitise its global procurement operations with its Source-to-Pay (S2P) solution. Hiscox has over 1.5 million retail customers acr...
Posted: Jun 16, 2023
Global professional services firm Aon has announced the appointment of Paul Davies to the role of Vice Chair. Reporting to Aon CEO Greg Case, Davies will step away from his day-to-day client responsibilities and take on a new strategic role advisi...
Posted: Jun 16, 2023
A positive track record of a high return on equity (ROE) is needed to attract fresh capital to the reinsurance industry, despite the substantially higher pricing seen throughout the year, according to Gianfranco Lot, Chief Underwriting Officer (CU...
Posted: Jun 16, 2023
90% of carriers and 77% of brokers had a favourable or neutral view on the proposed plans within the LMG Data Council’s Process, Roles and Responsibilities (PRR) consultation, according to the group. The PRR Consultation project, run by the LMG’s...
Posted: Jun 16, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Gabriel Poppie as Head of Customer & Broker Engagement for the US Central Region. Based in Chicago, Poppie joins BHSI with more than two decades of experience within the insurance ind...
Posted: Jun 16, 2023
International insurance broker Howden has acquired Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The acquisition of Northern Lloyd reinforces Howden’s strategy to become the market leader for marine bus...
Posted: Jun 16, 2023