Reinsurance News
Global insurance broker Acrisure has announced its acquisition of TEn Insurance Services Ltd. (Ten). Under the terms of the acquisition, TEn will go to market as Eleven Network. The transaction is expected to close in the near term, pending FCA re...
Posted: Jun 08, 2023
Markel has named Wendy Houser its Chief Wholesale Officer and Sarah Gavlick its Chief Retail Officer for its Markel Specialty division. Markel suggests that it has established these new positions to “address the unique needs of both its whol...
Posted: Jun 08, 2023
Cover Whale, a leading commercial trucking insurance provider and insurtech has appointed Darien Acosta as its Chief Artificial Intelligence Officer (CAIO). In the role, Acosta will lead a new AI Transformation organisation within Cover Whale. The...
Posted: Jun 08, 2023
Global reinsurance broker Gallagher Re has added Daniel Knüsli to its Strategic & Financial Advisory (S&FA) team. He will be based in Zurich but will have a global role, according to the announcement. Knüsli will split his time between Lon...
Posted: Jun 08, 2023
QBE North America, part of QBE Insurance Group Limited, has announced the promotion of James Haggerty to Head of Commercial Programs. In his new role, he will be responsible for building and strengthening the $1+ billion Commercial Programs portfo...
Posted: Jun 08, 2023
Experts are predicting a quieter Atlantic hurricane season in 2023, but cautionary advice from Katie McGrath from Swiss Re Corporate Solutions emphasises the critical need for preparedness and financial protection, as one devastating storm can hav...
Posted: Jun 07, 2023
Allianz Holdings appointed Serge Raffard as the new personal managing director, following the recent news of Steve Treloar deciding to step down. Treloar has decided to leave the business to pursue new opportunities. Raffard will join at the begin...
Posted: Jun 07, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced that Paul Emerson is assuming the additional role of Head of Customer & Broker Engagement in Canada. Currently, Emerson serves as Senior Vice President, Head of Third-Party Claims, Ca...
Posted: Jun 07, 2023
SageSure, a provider of catastrophe-exposed property insurance, and SureChoice Underwriters Reciprocal Exchange, a policyholder-owned insurer, have announced that SURE has closed a $100 million catastrophe bond to provide reinsurance for second an...
Posted: Jun 07, 2023
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, is reportedly discussing its options with potential advisers, including a private sale and an initial public offering (IPO), according to Reuters. People familiar with the matter told...
Posted: Jun 07, 2023
Florida Governor Ron DeSantis signed new consumer protection legislation that will “expand the state’s home hardening and hazard mitigation programs, and further protect consumers against bad actors.” DeSantis also announced the approval of an add...
Posted: Jun 07, 2023
Ransomware trends are on the rise but Beazley does not see its portfolio being affected as the company is well positioned to maintain growth and deliver strong profitability, specialist re/insurer Beazley’s Paul Bantick said on a call held w...
Posted: Jun 07, 2023
With warmer than average sea surface temperatures (SSTs) expected close to the coast, there’s a chance storms could develop and make landfall very quickly, warns Jeff Waters, a meteorologist at Moody’s RMS. Waters has been the Product Owner for th...
Posted: Jun 07, 2023
Leading global professional services firm Aon plc has appointed Marc Fakkel as Chief Technology Officer of its Strategy and Technology Group (STG). In the role, Fakkel will report to Sherif Zakhary, Chief Executive Officer of STG. Moreover, the ro...
Posted: Jun 07, 2023
UK life insurers are buying more illiquid assets to match their growing long term liabilities as they insure more pension risk through bulk purchase annuity (BPA) contracts, suggest analysts at Moody’s. The rating agency notes that UK life i...
Posted: Jun 07, 2023
Worldwide, total fees and commissions earned from insurance broking activity in 2022 were worth over $151.4bn, up from around $137bn in 2021, according to Insuramore, a provider of marketing services focusing on the insurance sector. This increase...
Posted: Jun 07, 2023
Privilege Underwriters, Inc. and the affiliated companies of the PURE Group of Insurance Companies have announced that Ross Buchmueller, founder and Chief Executive Officer (CEO) of PURE, will be leaving the company at the end of 2023 after 18 yea...
Posted: Jun 07, 2023
French insurer AXA Group has announced evolutions within its Management Committee for the launch of its next strategic plan, which will be presented during the first quarter of 2024. This comes with an overhaul of the Management Committee with new...
Posted: Jun 07, 2023
Reinsurance giant Swiss Re has partnered with CompScience to “rethink how underwriters and industrial firms manage risk using AI-driven predictive models.” According to CompScience, “The opportunity is to process millions of haza...
Posted: Jun 07, 2023
Sompo International, a leading global provider of commercial and consumer property and casualty re/insurance has appointed Claire Cordell as Non-Executive Director, Chair of the Audit Committee for Sompo International’s UK subsidiary board of dire...
Posted: Jun 07, 2023
Japan Post Insurance, KKR along with its subsidiaries, and Global Atlantic Financial Group announced a strategic partnership, enabling Japan Post Insurance access to KKR and Global Atlantic’s platforms to enhance its growth and diversify its...
Posted: Jun 07, 2023
Japan Post Insurance, KKR along with its subsidiaries, and Global Atlantic Financial Group announced a strategic partnership, enabling Japan Post Insurance access to KKR and Global Atlantic’s platforms to enhance its growth and diversify its...
Posted: Jun 07, 2023
Parametric specialist, Skyline Partners has appointed Christophe Neves as its continental European representative. Neves, a market veteran with extensive experience in the insurance industry, will be based in Paris and will primarily focus on busi...
Posted: Jun 07, 2023
International specialty insurance firm Ryan Specialty has signed definitive agreements to acquire certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent, and Point6 Healthcare, LLC, a distributor of medical stop loss insur...
Posted: Jun 07, 2023
One80, a specialty insurance broker, has announced the appointment of Blake Swearengin to the role of National Casualty Practice Leader. The broker’s National Casualty Practice places business on behalf of insurance brokers throughout the United S...
Posted: Jun 07, 2023