Reinsurance News
Sylvain Jarrier has been appointed to the role of Group Chief Underwriter 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 deca...
Posted: Jun 12, 2023
The Senate Budget Committee, led by Senator Whitehouse (D-RI), alongside Senators Wyden (D-OR) and Sanders (I-VT), initiated an investigation into the evaluation of climate-related risks by major U.S. insurance companies. The committee seeks to un...
Posted: Jun 12, 2023
Bluezone, the insurtech company that is reinventing life insurance for people with chronic illnesses, has launched its first policy in the UK with a unique policy for people with Type 2 diabetes. This new life insurance solution offers people in t...
Posted: Jun 12, 2023
More than 100 underwriters have been involved in the successful binding of insurance coverage for the FSO Safer operation, enabling the United Nations (UN) to proceed with an emergency ship-to-ship transfer to avert an oil spill that would amount...
Posted: Jun 12, 2023
Markel, the insurance operations within the Markel Group, has announced the appointment of Sal Pollaro as its Executive Underwriting Officer of Professional Liability for Markel Specialty, a division within the Markel insurance business. In his ne...
Posted: Jun 12, 2023
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, appointed Zara Ismail as the new Head of Business Development – Claims, based in London. Ismail’s appointment is effective immediately and she will report to Scot...
Posted: Jun 12, 2023
Global Indemnity Group, LLC has announced that in recent days, multiple parties indicated a preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity’s insurance group, or an acquisition of or merger w...
Posted: Jun 12, 2023
Alliant Insurance Services has announced the appointment of Dave Burbidge as Vice President within its Employee Benefits Group. Burbidge will be based in Salt Lake City, Utah. In this role, Burbidge’s remit will include a focus on designing,...
Posted: Jun 12, 2023
R&Q Insurance Holdings is raising up to $60 million in new equity through a preferred arrangement with one of its shareholders Scopia Capital Management, while also having announced the completion of an internal separation of its its Program M...
Posted: Jun 12, 2023
OneDegree Global, a technology startup in the insurtech and cybersecurity sectors, has entered into a strategic partnership with Microsoft Hong Kong. The collaboration marks a major milestone between the two companies as OneDegree integrates Azure...
Posted: Jun 12, 2023
Lockton announces the appointment of Eric Collison as the Vice President and Unit Manager to the global firm’s Memphis office. Collison is an industry veteran with nearly two decades of industry experience. He brings extensive sales and mana...
Posted: Jun 09, 2023
Wildfire-insured losses will remain manageable for Canadian property and casualty (P&C) insurers but will add to extreme-weather concerns as they have been exposed to larger and more frequent weather-related losses, according to DBRS Morningst...
Posted: Jun 09, 2023
James River, a Bermuda-based insurance holding company, has announced the retirement of Non-Executive Chairman, founder and former Chief Executive Officer J. Adam Abram According to the announcement, Abram will not stand for re-election at the Com...
Posted: Jun 09, 2023
Zurich Insurance Group, a leading global insurance company, has significant cash and capital available to fund deals, according to industry analysts from investment bank Berenberg. “We estimate Zurich has c$6 billion in excess capital that i...
Posted: Jun 09, 2023
Dale Underwriting Partners (DUP), the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Daniel Prendergast as Senior Underwriter, Accident and Health (A&H). Prendergast’s appointment comes as Dale continues...
Posted: Jun 09, 2023
Global broking business, Brokerslink, has further strengthened its international presence by adding four esteemed Eastern European affiliates to its rapidly expanding network. The inclusion of these new affiliates will significantly extend Brokers...
Posted: Jun 09, 2023
Large insurers AIG and Farmers Group are pulling back from climate and catastrophe exposed property risks, joining other insurers that have either reduced or ceased offerings altogether in U.S. regions vulnerable to floods, storms, and wildfires,...
Posted: Jun 09, 2023
Swiss Re’s term and Health Watch report a decrease of 7.8% in the sale of individual protection policies in 2022, a year characterised by uncertainty, with recurring political change, compounded by high inflation and a growing cost-of-living...
Posted: Jun 09, 2023
Insurance Commissioner Michael Yaworsky has announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Proper...
Posted: Jun 09, 2023
Strategic Risk Solutions (SRS) has announced that Charles “Chuck” Scherer has joined SRS Bermuda as a Senior Vice President, insurance-linked securities (ILS), in its Hamilton, Bermuda office. Scherer holds two decades of experience in the financi...
Posted: Jun 09, 2023
Global reinsurer SCOR pays tribute to its Chairman Denis Kessler as they announce the news of his passing on June 9, 2023, at the age of 71. The members of the Board and all of SCOR’s employees share the sorrow of his family and friends, and offer...
Posted: Jun 09, 2023
Global reinsurance broker Gallagher Re has announced the appointment of two new Executive Directors, Mathilde Le Merle and Juan Manuel Fernandez Romo. Based in Paris, France, Le Merle joins the company with more than 20 years’ legal experience in...
Posted: Jun 09, 2023
AXA Hong Kong and Macau, part of global insurance group AXA, has entered into a strategic partnership with technology and management consultancy firm, Capco, to enhance data-driven climate risk assessment and reporting. The new collaboration bring...
Posted: Jun 09, 2023
The devastating wildfires that have plagued California in recent years have become a focal point for insurers and reinsurers, forcing them to reassess their approaches to underwriting and pricing, according to Gallagher Re – 2023 US Wildfire...
Posted: Jun 09, 2023
Reinsurance broker Guy Carpenter has confirmed Steve Warwick’s hire as Head of GC Access Asia Pacific. We previously reported Warwick’s appointment earlier this month. GC Access is the firm’s MGA Solutions Specialty Practice, wor...
Posted: Jun 09, 2023