Reinsurance News
Allianz Commercial has announced that it has appointed Managing Directors to lead its Commercial insurance business in two key regions. Agustín de la Cuerda will lead Iberia, while David Colmenares will lead Latin America. According to the announc...
Posted: Jun 02, 2023
The performance of China’s insurance sector was better than expected in the first three months, the new regulatory body tasked with supervising the country’s financial sector announced in its first work meeting in the middle of May. One of its fir...
Posted: Jun 02, 2023
The performance of China’s insurance sector was better than expected in the first three months, the new regulatory body tasked with supervising the country’s financial sector announced in its first work meeting in the middle of May. One of its fir...
Posted: Jun 02, 2023
Steve Warwick joined as Managing Director, GC Access Asia Pacific at reinsurance broker Guy Carpenter. GC Access is Guy Carpenter’s MGA Solutions Specialty Practice, working with expertise, analytical capabilities, global reach and an expans...
Posted: Jun 01, 2023
As the 2023 Atlantic Hurricane Season starts, it has been revealed that more than 33 million US properties are at risk of hurricane-force wind damage. In its 2023 Hurricane Risk Report, leading analytics and data-enabled solutions provider CoreLog...
Posted: Jun 01, 2023
Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings Inc., has announced the successful sponsorship of Mountain Re Ltd. Series 2023-1 catastrophe bond. As part of the transaction, Spinnaker is entering into a reinsurance contra...
Posted: Jun 01, 2023
Global reinsurance broker Gallagher Re appointed Linda Johnson as Vice Chairperson for its North American team, effective immediately. In her new role, Johnson will be responsible for generating new business opportunities for large casualty and st...
Posted: Jun 01, 2023
The Mesoamerican Reef Fund and WTW have announced the appointment of AXA Climate as the insurance capacity provider that will support the MAR Insurance Programme in its third annual placement with financial support from the InsuResilience Solution...
Posted: Jun 01, 2023
The Mesoamerican Reef Fund and WTW have announced the appointment of AXA Climate as the insurance capacity provider that will support the MAR Insurance Programme in its third annual placement with financial support from the InsuResilience Solution...
Posted: Jun 01, 2023
Specialty property and casualty insurer Coaction has appointed William (Bill) Sloan as executive vice president and chief financial officer (CFO), effective immediately. In his new role, Sloan will oversee Coaction’s finance organisation, in...
Posted: Jun 01, 2023
Bermuda-based Treefrog Consulting has announced s Risk Management Services specifically designed to help organisations in the re/insurance, and ILS sector meet Bermuda Monetary Authority’s (BMA) new Insurance and Cyber Codes of Conduct regul...
Posted: Jun 01, 2023
Howden Tiger reports a significant increase in reinsurance rates, with risk-adjusted property-catastrophe pricing up 33% on average at June 1 renewals, reaching its highest level since inception. The rate increase fell within the range of 25% to 4...
Posted: Jun 01, 2023
Shanghai’s intentions to build itself into a global reinsurance centre have been further bolstered by the news that an international reinsurance trading market, or reinsurance international board, will be launched in the near future, accordi...
Posted: Jun 01, 2023
Allianz Holdings has announced that Simon McGinn, CEO of Allianz Commercial will be stepping down from his position, effective July 1, 2023. McGinn joined the company in 2004 as trading director, before later going on to take on the role of direc...
Posted: Jun 01, 2023
The Ardonagh Group, one of the largest independent insurance brokers in the UK, has announced its entry into the Greek market with the majority acquisition of SRS Group of Companies, based in Athens. SRS Group, founded in 2019, operates as a promi...
Posted: Jun 01, 2023
Specialist re/insurance broker Miller has appointed Craig McCoig-Lees as a Treaty and Facultative Casualty and Financial Lines specialist broker. In his new role, McCoig-Lees will support the continuing build out of Miller’s Facultative and Treaty...
Posted: Jun 01, 2023
According to Guy Carpenter, the US-domiciled cyber market currently stands at approximately $9 billion, with the non-US market totalling approximately $5 billion. Guy Carpenter has released a new report on the cyber re/insurance market focused on...
Posted: Jun 01, 2023
Asta, a third-party managing agent at Lloyd’s, has announced that Volante Global, a multi-class, multi-territory international MGA and Lloyd’s syndicate has launched in Singapore. Volante Singapore will offer re/insurance solutions across Asia Pac...
Posted: Jun 01, 2023
VYRD Insurance Co., an admitted Florida-domiciled Property and Casualty insurance firm, has successfully completed its 2023 reinsurance program for the upcoming Atlantic hurricane season. VYRD suggests that its reinsurance program “exceeds r...
Posted: Jun 01, 2023
W. R. Berkley Corporation has announced the formation of Berkley Specialty Excess. The subsidiary is created to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini...
Posted: Jun 01, 2023
RiverStone International, the largest provider of legacy solutions in Lloyd’s market, has announced the appointments of Heather Thomas and Jose Vazquez as independent Non-Executive Directors of its UK subsidiaries RiverStone Insurance UK Limited a...
Posted: Jun 01, 2023
Property and casualty insurer, The Hartford has announced new leadership appointments in Group Benefits, Small Commercial and Personal lines. Hayes Henderson has been promoted to head of sales and relationship management for Group Benefits, succee...
Posted: Jun 01, 2023
Venerable Holdings, a provider of risk transfer solutions to variable annuity issuers, is to recapture approximately $2.8 billion of payout annuity reserves from Athene. In a recent announcement, Venerable stated it has agreed for its wholly-owned...
Posted: Jun 01, 2023
Insurance brokerage Brown & Brown has appointed Pattysue Rauh as chief audit officer, effective July 2023. In this new role, Rauh will lead Brown & Brown’s internal audit and compliance operations, overseeing internal controls. She w...
Posted: Jun 01, 2023
ZhongAn Insurance and ZhongAn Technology have released China’s first-ever white paper on generative artificial intelligence (AI) technology, which is predicted to emerge as an essential strategic asset for insurance companies in the future. The ‘A...
Posted: Jun 01, 2023