Reinsurance News
The Fortegra Group, a specialty insurer and subsidiary of Tiptree Inc., has appointed Abigail Taylor as Chief Operating Officer. At the same time, the company has also named Joe Lettween as Chief Innovation, Data Science, and Technology Officer. A...
Posted: Jun 01, 2023
Stephen Dzury has joined reinsurance run-off group Premia Holdings Ltd.’s subsidiary, Premia Reinsurance Ltd., as Senior Vice President of Claims. Previously, Dzury served as Senior Vice President of Casualty Claims at IAT Insurance Group. D...
Posted: Jun 01, 2023
New Zealand’s state-owned residential property disaster insurance entity, Toka Tū Ake EQC, has completed a renewal for a record level of reinsurance of just under $8.2 billion for New Zealand homeowners, including reinsurance via catastrophe bonds...
Posted: May 31, 2023
The American Property Casualty Insurance Association (APCIA) responding to State Farm’s announcement has said that they will no longer write new property insurance policies in California. Only days ago, the US primary insurance giant State Farm st...
Posted: May 31, 2023
AM Best has upgraded the Financial Strength Ratings to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of the Convex Group Limited subsidiaries Convex Re Limited (CRL), Convex Insu...
Posted: May 31, 2023
Legal & General Retirement America (LGRA) & Reinsurance Group of America (RGA) have entered into a $309 million pension risk transfer (PRT) transaction with PPG. PPG is a Pittsburgh-based Fortune 500 global leader in manufacturing paints,...
Posted: May 31, 2023
Duck Creek Technologies has announced the addition of Chris McCloskey to its leadership team as Chief Operating Officer. Duck Creek states that the addition of McCloskey will be instrumental in driving key strategy, operational and transformation...
Posted: May 31, 2023
The UK P&I Club, a provider of protection and indemnity (P&I) insurance and other services to the international shipping community, reported surpassing the milestone of $500 million in gross written premium for the first time, driven by th...
Posted: May 31, 2023
Specialty re/insurance group Chaucer appointed Andrew Pearce as an Independent Non-Executive Director on the CSL Board. Pearce will also serve on the Audit Committee, Risk and Capital Committee, and Remuneration and Nominations Committee. The nece...
Posted: May 31, 2023
Argenta Private Capital Limited (APCL), an advisor to private investors at Lloyd’s, has integrated its tax and corporate services units to better support clients’ ever-changing needs. Argenta Tax and Corporate Services Limited (ATCSL) provides tax...
Posted: May 31, 2023
Cowbell, a provider of cyber insurance for small & medium-sized businesses (SMEs) and Skyward Specialty Insurance Group, have entered into a partnership that expands Cowbell’s coverage and capacity of its Prime 250 Cyber Liability and Pr...
Posted: May 31, 2023
Moody’s Risk Management Services (RMS) highlighted that this year’s hurricane forecasts are experiencing heightened uncertainty, attributed to various factors influencing the predictions. The forecasts take into account crucial oceanic...
Posted: May 31, 2023
Vienna Insurance Group reports double-digit premium growth in Q1 2023. The Group’s solvency ratio is at 284% which remains stable against the figure of 280% at the end of 2022. Despite numerous economic and geopolitical uncertainties, VIG remains...
Posted: May 31, 2023
The most important thing about setting up new captive insurance structures is access to data, according to David Gibbons of PwC Bermuda. Gibbons is a Partner and the Captive Insurance Leader at PwC Bermuda, working with some of the largest captive...
Posted: May 31, 2023
Specialty insurer and reinsurer Inigo Limited has appointed James Creasy as its Head of Cyber Insurance. With a well-established background in cyber & technology insurance, Creasy will provide strategic insights that are necessary to protect I...
Posted: May 31, 2023
International insurance broker Howden, has announced the launch of its Telematics App & Data Beacon ‘Howden Drive’ in the UK insurance market to help lower motor insurance premiums for customers. Howden Drive will also help to optimise loss ra...
Posted: May 31, 2023
Lloyd’s focused investment vehicle, Helios Underwriting, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2021 and 2022 years of account, based on 1st quarter 2023 estimates. The company, which ac...
Posted: May 31, 2023
Palomar Holdings, Inc., has successfully completed its June 1 reinsurance renewal, securing a tower that extends to a $2.68 billion first-event. The firm said that its reinsurance coverage now exhausts at $2.68 billion for earthquake events, which...
Posted: May 31, 2023
In the ever-evolving world of insurance underwriting, traditional practices have given way to technological advancements. While brokers once had to physically visit Lloyd’s underwriting room to seek follow capacity, the landscape has shifted...
Posted: May 31, 2023
Zurich-based catastrophe insurance data provider, PERILS has announced the appointment of Christoph Oehy as Chief Executive Officer (CEO), succeeding current CEO Luzi Hitz who is stepping down from the role. Oehy’s appointment will be effective 1...
Posted: May 31, 2023
Fidelis Managing General Underwriter has promoted Nadia Beckert to the Head of International Reinsurance and Kevin Adams to the Head of US Reinsurance. Beckert is a market veteran who has been with Fidelis Insurance for about two years, she served...
Posted: May 31, 2023
Universal Insurance Holdings, Inc. has announced the completion of its combined 2023-2024 reinsurance program, effective June 1, 2023, by Universal Property & Casualty Insurance Company and American Platinum Property and Casualty Insurance Com...
Posted: May 31, 2023
Specialist re/insurance broker McGill and Partners has appointed Peter Stubbings as Partner in Bermuda. Stubbings was most recently Aon Reinsurance Solutions’ Chief Executive Officer of Global ReSpecialty. Global ReSpecialty is the division of Aon...
Posted: May 31, 2023
Pan-Asian life insurance company FWD Group Holdings Limited has announced the hiring of former SiriusPoint CEO Sid Sankaran as Managing Director and Group Chief Financial Officer (CFO). Sankaran will take on his new role at FWD Group from Septembe...
Posted: May 31, 2023
Global reinsurer Swiss Re has today launched a new Centre of Competence for Renewable Energy, bringing together the giant reinsurance balance-sheet of the firm with focused expertise to deliver products to help clients manage their renewable energ...
Posted: May 31, 2023