Reinsurance News
The 2023 annual dinner of the Association of Average Adjusters in London was filled with calls for marine insurance and legal professionals to recognise the indispensable value of independent average adjusters, notwithstanding the giant strides ma...
Posted: Jun 06, 2023
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointments of Dillon Matthews and Chris O’Brien to the multi-buyer trade credit (MBTC) UK and Europe team as Senior Underwriter and Underwriter, respectiv...
Posted: Jun 06, 2023
Eckler Ltd, an independent actuarial consulting firm based in Canada, has announced the appointment of Richard Brown as Managing Principal, effective immediately. He will take over from Jill Wagman, who is stepping down from the position after lea...
Posted: Jun 06, 2023
Canopius is now implementing OWIT’s, a global insurance specialist technology provider, Bordereaux Management Solution to automate and streamline the consumption of disparate data and the onboarding process. The specialty re/insurer needed a solut...
Posted: Jun 06, 2023
Crypto insurance company Evertas has announced an increase in coverage limits, as well as the addition of mining operations to its coverage portfolio. The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 millio...
Posted: Jun 06, 2023
USQRisk, the international managing general agent specialising in alternative risk transfer solutions, has appointed Alex Chen as Head of US Pricing and Senior Underwriter. According to USQRisk, Chen will be involved in its underwriting of alterna...
Posted: Jun 06, 2023
Caroline Foulger, former Partner of PwC Bermuda, has been appointed as Independent Board and Committee Member for Legal & General’s Bermuda based companies, Legal & General Reinsurance. She replaces Derek Stapley who is stepping down in Ap...
Posted: Jun 05, 2023
McGriff, one of the leading full-service retail insurance brokers in the US, has announced the promotion of Milton Smith to National Director, Surety. In this new role, Smith will be responsible for leading the firm’s surety operations and driving...
Posted: Jun 05, 2023
In a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 17 U. S. property/casualty (P&C) reinsurers wrote $27.3 billion of net premiums during Q1 of 2023, up from $24.6 bi...
Posted: Jun 05, 2023
With hurricane season now underway, the specialty re/insurance sector will see if an improved underlying (attritional) underwriting margin, together with higher investment returns, will be able to absorb the volatility of natural catastrophe expos...
Posted: Jun 05, 2023
Stuart Smith has been appointed as the Outward Reinsurance Operations Manager at Ki Insurance, the first fully digital and algorithmically-driven Lloyd’s of London syndicate. Smith is an industry veteran who has over twenty years of experience wor...
Posted: Jun 05, 2023
Earlier this year, global insurer Chubb launched its new global climate business unit to help combat the threat of climate change. The new unit is set to build out additional products, and offer additional services to help clients and the insuranc...
Posted: Jun 05, 2023
Vesttoo, an insurance risk transfer and investment platform, has announced the completion of a successful $120 million renewal of quota share reinsurance cover for a leading London Lloyd’s syndicate. The transaction, which was brokered by Ho...
Posted: Jun 05, 2023
AEGIS London’s online quote-and-bind platform OPAL is now offering OPAL Claims for all OPAL product lines, including its Wind Deductible Buy Back product. According to the announcement, OPAL Claims will allow brokers, coverholders and managing gen...
Posted: Jun 05, 2023
David Flandro, the Head of Industry Analysis & Strategic Advisory at re/insurance broker Howden Tiger, has noted early signs of recovery in the market after capacity was largely impaired last year. During a briefing on reinsurance trends held...
Posted: Jun 05, 2023
Aston Lark, a Howden company has announced that George Seatter will be joining the business as a Client Director within the firm’s Private Client division, bringing with him the client base he developed whilst serving as a partner at Vizion....
Posted: Jun 05, 2023
Everest Insurance, the insurance division of Everest Re Group, Ltd., has announced that Glen Browne has joined the firm as Head of International Corporate Strategy. Browne holds three decades of international insurance experience, having held exec...
Posted: Jun 05, 2023
Chubb has announced the establishment of an aviation hub in Singapore to further develop its general aviation and aerospace business. The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets....
Posted: Jun 05, 2023
Munich Re has backed climate-tech pioneer raicoon’s “industry-first” 100% fault detection guarantee with zero false alarms for solar energy operations. According to raicoon, this “groundbreaking” collaboration with Mu...
Posted: Jun 05, 2023
Aon has expanded its strategic collaboration with Praedicat to assist it in advising clients on the transfer and mitigation of complex and evolving liability risks, including those associated with climate, microplastics, and nanotechnology. Aon fi...
Posted: Jun 05, 2023
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has announced the establishment of a dedicated Cyber & Enterprise Risk division as part of its strategic expansion in the cyber market. The newly formed division, led by Lai...
Posted: Jun 05, 2023
The UK continues to be Europe’s most attractive location for foreign direct investment (FDI) into financial services, according to EY’s latest Attractiveness Survey for Financial Services. According to EY’s survey, The UK attracted 76 financ...
Posted: Jun 05, 2023
In a positive turn of events for the Florida reinsurance market, industry analysts from investment bank Berenberg have reported that the market is experiencing strong rate momentum and renewed interest from reinsurers. The current rate increases a...
Posted: Jun 05, 2023
Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, has announced the appointment of Gregg Cunningham as a Senior Broker and its new North American Property Facultative Leader. Cunningham will b...
Posted: Jun 05, 2023
Inflation in China remains muted post-pandemic, reflecting soft domestic demand, which will have limited impact on global growth and inflation; and marginal upside risk for L&H insurers, analysts at the Swiss Re Institute have stated. Consumer...
Posted: Jun 05, 2023