Reinsurance News
Cover Whale, a rapidly growing insurtech and commercial trucking insurance provider, has surpassed the $500 million mark in all-time written premium. This milestone represents the firm’s rapid growth since it wrote its first commercial truck...
Posted: Jun 13, 2023
Commercial insurance prices in the US have continued to increase in the first quarter of 2023 to above 5%, according to a recent survey by WTW. The Commercial Lines Insurance Pricing Survey (CLIPS) compared insurance prices on policies underwritte...
Posted: Jun 13, 2023
Confie, a leading personal lines insurance distribution company, announced the acquisition of two prominent insurance agencies, Sanborn’s Insurance and Atlantic Insurance Agency. These strategic acquisitions fall in line with Confie’s...
Posted: Jun 13, 2023
Vantage Risk, part of Vantage Group Holdings Ltd., has named Brian Steinhoff as Senior Vice President, Property Catastrophe, a Bermuda-based role. Prior to his new role, he served as Vice President Property Catastrophe Lead at Vantage Risk. He joi...
Posted: Jun 13, 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, appointed John Welch as the Chief Underwriting Officer of its reinsurance division, effective June 26. With over three decades of global experience in reinsurance, Welch brings a wealt...
Posted: Jun 13, 2023
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Re Group, has announced the appointment of Bruno Laval as Chief Commercial Officer (CCO) for its International division, effective June 26, 2023. In his new role, based...
Posted: Jun 13, 2023
The US brand of global reinsurance giant Munich Re (MRAS) has appointed Angela Homm to the role of Chief Risk Officer, effective June 12, 2023. In the role, she will report to Adrienne W. Mageras, President and CEO, MRAS and will also become a mem...
Posted: Jun 13, 2023
Kin, a direct-to-consumer home insurance firm has expanded its presence into Alabama. The state of Alabama is ranked fourth in the United States for tornadoes, large hail, and damaging wind reports. At the same time, the state’s position nea...
Posted: Jun 13, 2023
Specialist private equity investor B.P. Marsh & Partners Plc has reported that Net Asset Value increased to £189.5m in its final results on 31 January 2023, marking a 13.8% increase from £166.6m on 31 January 2022. B.P. Marsh also recorded an...
Posted: Jun 13, 2023
Whitespace, a fully digital e-trading platform for the global re/insurance marketplace, has announced the release of its version 2.12, its fifth major update in the past six months. This latest update introduces comprehensive support for MRC v3 gu...
Posted: Jun 13, 2023
The specific business actions U.S. insurer Nationwide is taking as it looks to address current issues impacting the insurance industry, includes some re-underwriting initiatives within its small commercial and personal lines portfolios, as the car...
Posted: Jun 13, 2023
“We expect P&C insurance premiums for commercial properties, including multifamily, will keep rising through 2023,” suggests S&P Global Ratings credit analyst Raymond Kim. Kim’s comments stem from a report in which S&...
Posted: Jun 13, 2023
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has announced the expansion of its Cyber team with a series of appointments and promotions. Matthew McCabe has been appointed as the Managing Director of C...
Posted: Jun 13, 2023
Arturo, the property intelligence company that delivers portfolio-wide underwriting, risk and claims insights, has announced a global expansion of its catastrophe response capabilities to the United States insurance market. In the last couple of y...
Posted: Jun 13, 2023
Insurwave, the insurtech platform that helps global businesses manage complex insurance needs, has announced the appointment of Mark Costin as its Commercial Director. He will be based in London. Costin is an aviation insurance industry veteran, w...
Posted: Jun 13, 2023
Cyber insurer Resilience has promoted CJ Pruzinsky to Global Head of Underwriting & Sales. Previously, he led the underwriting team from the launch of the company’s managing general agency. His appointment, Resilience stated, reflects the comp...
Posted: Jun 13, 2023
Large U.S. insurer Nationwide Mutual Insurance has announced that it is taking “specific business actions” in an effort to mitigate risk and manage its personal and commercial lines portfolios, citing the economic landscape, inflation,...
Posted: Jun 12, 2023
Skyline Partners, a parametric specialist, has partnered up with Spire Global, a global provider of space-based data, analytics and space services, to bring the capabilities of satellite observation to parametric insurance. Both firms will work to...
Posted: Jun 12, 2023
Core Specialty and its subsidiaries, have announced the formation of a Medical Stop-Loss Division through the acquisition of the MGU/Stop-Loss business of American National Group (ANAT). According to the announcement, the business is being acquire...
Posted: Jun 12, 2023
ICW Group Insurance Companies, a leading group of property and casualty carriers, has promoted Iva Yuan to the position of Senior Vice President, Product & Actuarial. In her new role, Yuan will be responsible for leading the company’s ac...
Posted: Jun 12, 2023
AXIS Capital Holdings Limited has announced the appointment of Lori Bailey as its Global Head of Growth within the Global Cyber & Technology division. She will be reporting to Dan Trueman, the Global Head of Cyber & Technology. In this new...
Posted: Jun 12, 2023
Fitch Ratings has highlighted the significant growth prospects that await Dutch life insurers as a result of the country’s pension reform. The reform, which was passed by senators on May 30th, mandates the transition of all occupational pens...
Posted: Jun 12, 2023
New data from Applied Systems shows that average premiums for both Personal Auto and Personal Property lines increased year over year in Canada during the first quarter of 2023. According to the data, quarter over quarter, premium rate change decr...
Posted: Jun 12, 2023
Aviation program administrator (PA) Air Centurion has announced a strategic partnership with SiriusPoint, a global specialty re/insurer. Starting from August 1, 2023, SiriusPoint will provide capacity to the PA, as well as collaborating on its und...
Posted: Jun 12, 2023
Sylvain Jarrier has been appointed to the role of Chief Underwriting Officer at Bermuda-based reinsurer PartnerRe. He brings more than 15 years of senior management experience towards his new role. Jarrier has been with PartnerRe for two decades,...
Posted: Jun 12, 2023