Reinsurance News
Global specialty insurer, Mosaic, and tech company Safe Security have launched a new initiative to incentivise clients with broader coverage and premium rating credits of up to 30% for sharing cutting-edge assessments of their cyber-risk profile....
Posted: Jun 09, 2023
Marco Capital Holdings Limited, an European P&C insurance run-off group, has completed the acquisition of Navigators International Insurance Company Limited (NIIC) from The Hartford. Originally announced on February 17, 2023, the transaction r...
Posted: Jun 09, 2023
Strategic Risk Solutions, an independent provider of insurance, reinsurance and captive management and consulting services, has announced that SRS Luxembourg has been appointed as the dedicated captive manager for the Knauf captive providing all-i...
Posted: Jun 09, 2023
Arch Insurance International, part of Arch Capital Group Ltd., has appointed Jalal Chtioui as the Senior Underwriter for Terrorism, Political Violence, and War, effective immediately. In this role, Chtioui will primarily focus on underwriting poli...
Posted: Jun 09, 2023
Andrew Shaw joined MS Reinsurance, part of insurance group MS&AD and domiciled in Switzerland, as Head of Property – US & Canada. Previously, he served as the Lead Underwriter at MS Reinsurance. Shaw was the Lead Underwriter at MS Am...
Posted: Jun 09, 2023
Amwins Program Underwriters (APU), part of the Amwins Underwriting division has announced that after nearly 45 years of service with the MountainGuard program, Bo Adams will retire from Amwins effective June 1, 2023. However, going forward, the co...
Posted: Jun 09, 2023
Commercial property and casualty (P&C) re/insurer, Sompo International, has added Monica Cramér Manhem, formerly of SiriusPoint International, to the board of its subsidiary SI Insurance (Europe). Manhem, who recently retired from SiriusPoint...
Posted: Jun 08, 2023
We recently published a poll on our LinkedIn page asking our readers how meaningful they think that the Clop ransomware attack could be for the insurance industry. The results from the poll have shown that 36% of participants believe that it could...
Posted: Jun 08, 2023
Capacity Insights, a new underwriting managing general agent (MGA), has entered the insurance market with a focus on transforming the travel and consumer lines sectors. Founded by industry veterans Phil Denman as CEO and Jessica Tubb as Commercial...
Posted: Jun 08, 2023
According to analysts at Moody’s, reinsurance support plays a large role in the cyber insurance market, as primary insurers continue to reinsure cyber risk through quota share arrangements to obtain expertise and capital protection. Citing G...
Posted: Jun 08, 2023
Carbon market veteran, Charlie Pool, has joined Howden Group Holdings as Head of Carbon Insurance. An experienced name across the industry, Pool brings nearly two decades of expertise towards his new role. In 2016 he founded the company Stowga, an...
Posted: Jun 08, 2023
AI insurtech Concirrus has announced its new submissions offering that provides a seamless end to end solution for customers at a competitive price. The new offering ensures customer privacy and has been described as the market’s first solution th...
Posted: Jun 08, 2023
Shanghai has officially launched an international board for reinsurance trading with a vision to build the city into a global reinsurance centre. Implementation rules have also been rolled out by the country’s financial regulator and the Shanghai...
Posted: Jun 08, 2023
With floods on the rise due to climate change, re/insurance solutions covering this type of peril have become more important now than ever, Peter Lacovara, Head of Commercial at Floodbase, highlighted in a recent interview with Reinsurance News. W...
Posted: Jun 08, 2023
Incline P&C Group, the leading insurance program market services firm, has secured a significant investment of $125 million from Braemont Capital. Braemont, known for partnering with exceptional companies during their growth inflection points,...
Posted: Jun 08, 2023
Jade Wilcox, Director of Delegated Authority for HDI in the UK, has been appointed to the board of the Managing General Agents’ Association (MGAA), a UK-based not for profit organisation dedicated to representing true MGAs. Wilcox has over two dec...
Posted: Jun 08, 2023
Aon has announced the launch of its Pricing Platform, a software solution that aims to provide insurers with a competitive advantage through better risk selection and meaningful analytics to help drive company performance. The platform was launche...
Posted: Jun 08, 2023
MS Amlin, the Lloyd’s global re/insurer has launched a new AI-powered claims triage capability, marking the first in a series of developments originating from a newly formed partnership with global professional services firm, Genpact. The partners...
Posted: Jun 08, 2023
Patrick Tiernan, Chief of Markets at Lloyd’s, explained this morning that catastrophe loss exposure remains a key focus at the insurance and reinsurance marketplace, with loss picks set to be continually scrutinised. Delivering a May market messag...
Posted: Jun 08, 2023
Specialist re/insurance broker Miller has appointed Nick Lockyer to the newly formed role of Chairman of Direct Marine, working in collaboration with Andrew Challacombe in his role as Chairman of Marine. Lockyer most recently served as the joint M...
Posted: Jun 08, 2023
Guy Carpenter, in collaboration with Dr Franziska Arnold-Dwyer from Queen Mary University of London, has announced the proposal of a Climate Resilient Development Bond (CRD Bond), a new re/insurance structure designed to address climate risk at sc...
Posted: Jun 08, 2023
Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion. The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malays...
Posted: Jun 08, 2023
Atrium, a leading specialist insurer at Lloyd’s of London, has announced the appointment of John Fowle as the prospective Group CEO, taking over from Richard Harries, who is set to retire on the 30th of June. Fowle joins from Chaucer, where...
Posted: Jun 08, 2023
Canopius Group, a global specialty re/insurer, has announced the appointment of Mark Gazzard as a Chemical Underwriter within its Heavy Industry & Engineering division. In this role, Gazzard’s remit will include supporting the expansion of the...
Posted: Jun 08, 2023
Club Vita, an independent longevity data analytics company, has announced the promotion of Shantel Aris to Head of Longevity Experience Studies, and the appointments of Michael Reid, Alexandra Sonnenwirth and Mia Marcellus. Aris takes over her new...
Posted: Jun 08, 2023