Reinsurance News
Bermuda-based RenaissanceRe’s acquisition of Validus Re is expected to expand the reinsurer’s gross premiums written (GPW) by around 30%, resulting in a combined portfolio of almost $12 billion, creating a top-5 global property and cas...
Posted: May 23, 2023
The industrial insurer HDI Global SE, part of the Talanx Group, has reported that Q1 2023 insurance revenue was €2.1 billion, up from €1.8 billion in the same quarter last year, while the firm’s combined ratio of 93.2% came in below the stat...
Posted: May 23, 2023
Govindarajan Yegnamurthy has started a new position at SALAMA – Islamic Arab Insurance Co., as the company’s new Head of Reinsurance, a Dubai-based role. Yegnamurthy brings to his new role close to two decades of industry experience, over si...
Posted: May 23, 2023
New Zealand-based insurance company Tower Limited has announced it has successfully placed additional reinsurance reinstatement cover for the remainder of the financial year ending 30 September 2023. Tower recently indicated it would purchase addi...
Posted: May 23, 2023
Property catastrophe reinsurance market conditions reach peak, presenting advantageous prospects for reinsurers, according to JMP Securities’ analysis. The upcoming June 1 renewal season, particularly focused on Florida, is anticipated to yi...
Posted: May 23, 2023
Following ultra-low interest rates over the past decade, German life insurers now face new challenges as they keep rising bringing with them both favourable and unfavourable consequences for the sector, according to a recent report by S&P Rati...
Posted: May 23, 2023
Insurance industry intermediary Specialist Risk Group (SRG) has announced the acquisition of TLO Risk Services, a firm specialising primarily in the legal sector. According to the announcement, the acquisition of TLO will enhance SRG’s professiona...
Posted: May 23, 2023
RenaissanceRe, the Bermuda headquartered re/insurer, is aiming to become a top-5 global property and casualty reinsurer with the acquisition of Validus and all its subsidiaries from global player AIG for around $3 billion. RenaissanceRe (RenRe) is...
Posted: May 23, 2023
Lorena Calvo-Demmon has recently joined Aon’s Reinsurance Solutions team as Senior Broker for Latin America, Property. She joins the company after having served at Guy Carpenter for over a decade. Calvo-Demmon most recently held the role of Vice P...
Posted: May 23, 2023
Global reinsurance giant Swiss Re is the latest company to announce it will leave the Net-Zero Insurance Alliance (NZIA), becoming the fourth major re/insurer to do so. Swiss Re was a founder member when the Net-Zero Insurance Alliance (NZIA) was...
Posted: May 22, 2023
Acrisure has announced that it will begin to unify under a single brand to best represent its status as a global fintech company that offers multiple financial products and services. The company will organize by geographic region and operating pla...
Posted: May 22, 2023
Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Patrick Thielen as Global Head of Cyber. In the role, he will lead the development and execution of a cyber strategy that helps brokers and buyers across the globe better manage cy...
Posted: May 22, 2023
P&C re/insurer Sompo International appointed Risa Ryan as Chief Underwriting Officer (CUO) and member of the executive team, effective May 15. In this newly created position, Ryan will be responsible for establishing a collaborative global fra...
Posted: May 22, 2023
Specialty insurer AF Group has appointed Andrea Burns as Chief Underwriting Officer (CUO). She joins AF Group from Allstate Insurance, where she most recently served as Director and Head of Commercial Property and Liability Product Line Management...
Posted: May 22, 2023
ICEYE, the global leader in radar satellite persistent monitoring of the planet and an expert in natural catastrophe solutions, has announced a new imaging mode known as Dwell. With Dwell, ICEYE synthetic aperture radar (SAR) satellites remain foc...
Posted: May 22, 2023
Venbrook Group, LLC, one of the largest independent insurance distribution and services firms in the U.S. has announced the appointment of Juan Aguilar as its new Chief Financial Officer. This role will be effective immediately. Aguilar is an indu...
Posted: May 22, 2023
The Florida insurance market is poised to experience a marked contrast during its June 1 renewal, characterised by an early and orderly process, according to JMP Securities. However, the renewal will also bring significant price increases as the m...
Posted: May 22, 2023
Despite economic volatility, catastrophic climate events, supply chain/labour challenges, and geopolitical uncertainty, the Canadian insurance market has displayed “remarkable resiliency”, suggests professional services firm Aon. Accor...
Posted: May 22, 2023
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Eureka-Re. AM Best suggests the outlook revisions to positive reflect its...
Posted: May 22, 2023
Lloyd’s global re/insurer MS Amlin appointed Erman Hassan as the Head of Natural Resources Claims. With an impressive track record in the industry spanning over a decade, Hassan brings extensive expertise in claims handling, particularly in the ma...
Posted: May 22, 2023
Global specialty re/insurer Canopius has announced it will underwrite its digital asset custody product from Singapore, noting it is the first carrier on the Lloyd’s Asia platform to provide coverage locally. The launch marks an extension of the p...
Posted: May 22, 2023
Aventum Group’s specialty re/insurance broking business, Consilium has announced the launch of a new Cyber, Tech and Fintech division, and has appointed specialist insurance broker Tom Abbotts, as Associate Partner to lead the division. Abbo...
Posted: May 22, 2023
Guy Carpenter, a global risk and reinsurance specialist and a subsidiary of Marsh McLennan, has announced the appointment of Anders Nises as CEO of the Nordics region. At the same time, Guy Carpenter has also announced the appointment of Lisa Ljun...
Posted: May 22, 2023
Bermuda-headquartered international legacy group, Compre Group Holdings Limited, has signed agreements to acquire a workers’ compensation legacy portfolio of SUNZ Insurance Company (SUNZ) for an undisclosed sum. Approved by the Bermuda Monetary Au...
Posted: May 22, 2023
Aspen Insurance Holdings Limited has appointed Tay Boon Chuan as Head of Singapore, effective June 1st 2023. Boon joins Aspen after 12 years at Tokio Marine Kiln, where he was part of the Property Treaty Reinsurance team, most recently as Asia Tre...
Posted: May 22, 2023