Reinsurance News
UN Office for Disaster Risk Reduction (UNDRR), the Insurance Development Forum (IDF), the University of Oxford, and the GEM Foundation signed an agreement at the IDF Summit 2023 to launch the Global Resilience Index Initiative (GRII) and establish...
Posted: Jun 07, 2023
Reinsurance broker Guy Carpenter has announced a senior hire this morning, taking former SCOR CEO Laurent Rousseau to fill a newly created position of Guy Carpenter CEO of EMEA and Global Capital Solutions. Laurent Rousseau will join Guy Carpenter...
Posted: Jun 07, 2023
The President of Russia, Vladimir Putin, has signed a Federal Law that ratifies the agreement establishing the Eurasian Reinsurance Company (ERC), which was signed on October 20, 2022, in Yerevan, Armenia’s capital. The agreement foresees cr...
Posted: Jun 07, 2023
IA Capital Group, an insurtech-focused venture capital firm has appointed three new senior team members. The company has confirmed that Dr. Christy Lane, formerly an IA Capital Advisory Partner, joins the firm’s core team as a Venture Partne...
Posted: Jun 07, 2023
U.S insurance companies Chubb, The Hartford, and Travelers and their largest shareholders failed this proxy season’s climate test, according to pressure group Insure Our Future. Concerned investors filed resolutions to address the climate and huma...
Posted: Jun 07, 2023
Pop Group Holdings (POP), a prominent investor in M&A and specialist data & technology-enabled insurance businesses, has announced the appointment of Sergei Korol as its Chief Operations & Finance Officer. Korol, with his extensive exp...
Posted: Jun 06, 2023
P&C re/insurer Sompo International appointed Simona Fumagalli as Country Manager Insurance for Italy. Based in Milano, she will report to Ralph Brand, President Continental Europe Insurance. The company recently opened an office in Milano. “Si...
Posted: Jun 06, 2023
Professional services firm Aon has announced the appointment of Cole Mayer as Head of Parametric to accelerate the adoption of index-based solutions. He joins Aon from Swiss Re, where he has held a number of senior underwriting roles throughout hi...
Posted: Jun 06, 2023
Global specialty (re)insurer, Canopius Group, has recently unveiled its new venture into the medical malpractice market with the appointment of Ashley Moulton as the healthcare underwriter. Moulton brings over a decade of experience to her new rol...
Posted: Jun 06, 2023
Maria V. Amelio has been promoted to Head of US Casualty at Switzerland-headquarter MS Reinsurance, part of insurance group MS&AD. Amelio joined the company in 2021 as Lead Casualty Underwriter, a role she held for over two years prior to her...
Posted: Jun 06, 2023
Specialty re/insurance group Chaucer has announced that its group CEO, John Fowle has decided to step down effective June 30, 2023. Fowle joined the firm in 2002 and was appointed to the role of CEO in 2017. At the same time, Chaucer has also conf...
Posted: Jun 06, 2023
Meanwhile, the first and only life insurer with premiums in cryptocurrency, has announced roughly $18 million in financing across two seed rounds. The first was co-led by Sam Altman, the CEO of OpenAI and Lachy Groom, ex-Head of Stripe issuing, wh...
Posted: Jun 06, 2023
Meanwhile, the first and only life insurer with premiums in cryptocurrency, has announced roughly $19 million in financing across two seed rounds. The first was co-led by Sam Altman, the CEO of OpenAI and Lachy Groom, ex-Head of Stripe issuing, wh...
Posted: Jun 06, 2023
A recent report by cyber risk analytics provider CyberCube reveals that while the global economy has shown resilience to cyber attacks with minimal financial losses experienced so far, the analysis of near-miss events suggests a significant risk o...
Posted: Jun 06, 2023
Gallagher Re has announced changes in two leadership positions as part of the reinsurance broking group’s overall evolution and positioning for growth. As of this month, Alkis Tsimaratos who currently serves as the Managing Director is takin...
Posted: Jun 06, 2023
Cover Genuis, the insurtech for embedded protection has expanded its executive team by appointing Kyle Keogh as Chief Business Officer, Americas, hiring Barney Pierce as interim Chief Business Officer, EMEA and APAC and expanding the role of Darcy...
Posted: Jun 06, 2023
Specialist insurer Markel Insurance SE backs the commercial deployment of Yilkins’ technology at various large international companies and enables expansion of its business globally. Yilkins, a company specialising in converting organic residue st...
Posted: Jun 06, 2023
United Insurance Holdings (UIHC) has renewed its 2023-24 catastrophe reinsurance programs, purchasing $1.32bn of occurrence-based limit for subsidiary American Coastal Insurance Company (ACIC) and another $82mn occurrence-based limit for Interboro...
Posted: Jun 06, 2023
Else Holding, the holding company that owns elseco, Peloton Underwriting and ATOM technology platform, has announced that Mercutio Risk Partners Ltd., formerly known as Montague Risk Partners Ltd (MRP) business will fold into else Group with immed...
Posted: Jun 06, 2023
The recent June 1 renewals which mainly focuses on the Florida market, showed that property catastrophe reinsurance rates rose 33% on average according to Howden Tiger, However, analysts from Peel Hunt say that this lies within the 25-40% range, w...
Posted: Jun 06, 2023
IQUW, a property, commercial and specialty re/insurer has announced the addition of Edward Noonan, former Chairman and Chief Executive Officer of Validus, to its Bermuda Board as an Independent Non-Executive Director. With over 40 years of experie...
Posted: Jun 06, 2023
Catastrophe risk modeller Moody’s RMS has announced that version 23 of its North Atlantic Hurricane Models has received approval from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). This certification allows the use of th...
Posted: Jun 06, 2023
The Ardonagh Group confirms it has completed its acquisition of specialist commercial lines insurance broker, Klap Verzekeringsmakelaar. Klap was founded in 1854 and is based in Amsterdam, it advises SME companies on employee benefits, insurance,...
Posted: Jun 06, 2023
Renaud Guidée, currently Chief Risk Officer (CRO) of AXA Group, has been appointed as the new Chief Executive Officer (CEO) of AXA XL Reinsurance, succeeding Nancy Bewlay. Guidée took over as AXA Group’s CRO in 2019, having previously served...
Posted: Jun 06, 2023
Reinsurers’ focus on protecting their balance sheets rather than absorbing earnings volatility has led to a trend of shifting unprofitable loss layers back to primary carriers, and executives expect this trend to continue throughout 2023 and...
Posted: Jun 06, 2023