Reinsurance News
James Turner has joined Acrisure Re, the re/insurance division of insurance broker Acrisure, as Vice President, Corporate Advisory & Solutions. In the new role, Turner will be covering (re)insurance: Strategic Advisory, Capital Raising and ILS...
Posted: May 17, 2023
Global reinsurer Munich Re has reported a net result of approximately €1.3 billion for the first quarter of 2023, down on the previous year (€1.5bn) as natural catastrophe events resulted in above-average losses for the firm, driven by the Turkey...
Posted: May 17, 2023
Cyber insurance provider Cowbell has announced the appointment of Andrea Collins as its first Chief Marketing Officer. Collins, a marketing and communications expert with over two decades of experience, will join the executive leadership team, rep...
Posted: May 17, 2023
Everest Re Group, Ltd, the global insurance and reinsurance player, sees an opportunity to expand its capital base to take advantage of growth opportunities during the current hard market period and is raising almost $1.5 billion of new equity cap...
Posted: May 17, 2023
According to Legal & General Retirement America (LGRA), the first quarter of 2023 is expected to “finish strong” with around $6 billion in total market volume for the US pension risk transfer (PRT) market, which will also surpass last year’s r...
Posted: May 17, 2023
Bermudian reinsurer Vantage Risk has announced the appointment of Richard Wall as Head of U.S. Financial Lines, effective immediately. Wall brings over 25 years of industry experience to his new role and will be based in Connecticut. He will repor...
Posted: May 17, 2023
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has released a market bulletin detailing the 2024 business plan and capital approval process and timeline for syndicates, stating that it intends to identify underwriti...
Posted: May 16, 2023
HDI Global and HDI Global Specialty, leading insurance providers, have announced a change in management for their branches in Denmark. Finn Christoffersen has taken over the helm as the new Managing Director, succeeding Rasmus Jorgensen, who depar...
Posted: May 16, 2023
Specialist insurer Beazley has announced the launch of its streamlined Miscellaneous Medical Liability insurance product called “MiscMed” for the US and London markets. Beazley’s MiscMed product provides protection for medical professi...
Posted: May 16, 2023
Midwest Holding Inc. has reported a GAAP net income of $3.8 million for the first quarter of 2023, a substantial improvement compared to $0.2 million that was recorded in the prior year quarter. GAAP total revenue in Q1 was $38.5 million compared...
Posted: May 16, 2023
United Insurance Holdings Corp., the property and casualty insurance holding company, has released its financial results for Q1 2023. The company reported a combined ratio of 70.5% for Q1 2023 as compared to a ratio of 191.7% for Q1 2023. It repor...
Posted: May 16, 2023
Life insurance and reinsurance holding company Monument Re has announced that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. (MAL), has reached an agreement with Integrale Luxembourg to acquire its closed book portfolio of long term...
Posted: May 16, 2023
BMS Re, the specialty reinsurance arm of global broking group BMS, has announced the promotion of Juan Carlos Gomez to Chief Executive Officer (CEO) of BMS Re Latin America and Caribbean. Based in Miami, Gomez will take over his new role with imme...
Posted: May 16, 2023
Canopius Group, a global specialty re/insurer, has announced the launch of its aviation reinsurance business with the appointment of Andrew Hartley as Head of Aviation Treaty, London. Hartley is an industry veteran with over four decades of experi...
Posted: May 16, 2023
Aon plc, a global professional services firm, has announced the launch of a new climate innovation hub in Singapore. The hub is supported by the Singapore Economic Development Board (EDB), to help Aon’s clients around the world navigate environmen...
Posted: May 16, 2023
Xceedance, a global provider of technology and digital solutions, has promoted Travis MacMillian to the new role of president, Americas. In his new role, MacMillian will leverage his more than 30 years of leadership in the North American insurance...
Posted: May 16, 2023
SageSure, a provider of catastrophe-exposed property insurance, has successfully closed a $250 million equity investment round. The investment was led by Amwins, a prominent insurance broker, and Flexpoint Ford, a private equity firm, with partici...
Posted: May 16, 2023
Federal Life Insurance Company, a provider of insurance and annuity products, has partnered with global reinsurer Swiss Re, and Reframe Financial, a top InsurTech company, to introduce Reframe LifeStage. According to the announcement, this innovat...
Posted: May 16, 2023
Global specialty insurer and reinsurer, Convex Group Limited, has reported an underwriting profit for the full-year 2022 with a significantly improved combined ratio, although a negative investment return pushed the firm to a net loss of $142 mill...
Posted: May 16, 2023
As United Insurance Holdings works to finalise its June 1st catastrophe reinsurance renewal, Chief Executive Officer (CEO) Dan Peed has said that the Florida residential cat market remains extremely hard, warning that it will take some time for re...
Posted: May 16, 2023
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, Ltd. has announced the appointment of David Brown as the new Chair of the Board. Brown, a long-standing member of the Hamilton Board of Directors, will succeed Bill Freda, who has serv...
Posted: May 16, 2023
Brazilian reinsurance company IRB Brasil RE has recorded a first-quarter of 2023 net profit of R$8.6 million, and an underwriting profit of R$3.7 million, the first positive one following seven quarters of losses. In 1Q 2022, IRB reported underwri...
Posted: May 16, 2023
Howden has announced that it will unify its structure under a single global executive, with insurance broking, reinsurance broking and underwriting reporting directly to the company’s CEO, David Howden. The restructure will be effective from Octob...
Posted: May 16, 2023
Chesnara, a life and pensions consolidator in the UK and Europe, has announced its agreement to acquire the onshore individual protection line of business from Canada Life Limited (Canada Life UK). The transaction involves the transfer of life ins...
Posted: May 16, 2023
Florida domestic carriers will have a challenging June reinsurance renewal, even with the implementation of the legislative reforms, suggest analysts at Stonybrook Capital. According to the analysts, natural catastrophes and the increased frequenc...
Posted: May 16, 2023