Reinsurance News
Placing Platform Limited has announced that global re/insurance broker Aon has gone live on PPL Next Gen, the new version of the London insurance market’s electronic trading platform. The go-live has started with over 450 colleagues within Aon UK’...
Posted: May 10, 2023
A group of 11 private insurers are providing more than fifty percent reinsurance to facilitate the largest debt conversion for marine conservation to protect the Galápagos. The reinsurance for the project is provided by AXA XL, Fidelis MGU, Chubb...
Posted: May 10, 2023
HCI Group, a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has reported net income of $17.8 million for the first quarter of 2023. The income figure represented an improveme...
Posted: May 10, 2023
In its Q1 2023 results, Greenlight Re has reported that gross written premiums (GWP) increased 27.8% to $186.5 million, which the firm attributed to new opportunities and improved pricing on property and general liability business, as well as seve...
Posted: May 10, 2023
Specialist re/insurer Hiscox has promoted Craig Martindale to the role of Group Chief Actuary, subject to the relevant regulatory consents. Martindale has worked at Hiscox since 2009, holding a number of senior roles across the business during his...
Posted: May 10, 2023
Swiss Re has announced the promotion of Peter Ott as its new Senior Pricing Officer, effective from May 2023. Ott has been with Swiss Re little over a year, in his previous role with the company he served as the Senior Property Treaty Underwriter....
Posted: May 10, 2023
DXC Technology, a global technology services provider, working closely with the London Market Joint Ventures (XIS and XCS), has announced the successful completion of a major data centre migration for the London insurance market. Over a single wee...
Posted: May 10, 2023
Markel International, a subsidiary of Markel Corporation, appointed Kubra Ozturk as a political risk underwriter. Based in London, Ozturk will report to Nicola Marriage, head of political risk at Markel International, where she will support Markel...
Posted: May 10, 2023
Farmers Insurance has appointed Christian Vink to the role of Chief Risk Officer (CRO). A well known veteran across the industry, Vink brings more than two decades of experience towards his new role. He joins Farmers Insurance after spending over...
Posted: May 10, 2023
According to a new report from AM Best, reinsurers operating in Africa and other emerging markets are exposed to heightened levels of economic, political and financial system risks, and within recent years these risks have been “exacerbated” by ex...
Posted: May 10, 2023
According to a new report from AM Best, reinsurers operating in Africa and other emerging markets are exposed to heightened levels of economic, political and financial system risks, and within recent years these risks have been “exacerbated” by ex...
Posted: May 10, 2023
Percipience LLC, an insurance data and analytics platform provider, and insurtech Concirrus have announced a new partnership aimed to expand data capabilities for insurers. According to the announcement, this partnership brings together the best o...
Posted: May 10, 2023
GCube’s new report, titled “Vertical Limit: When is bigger not better in offshore wind’s race to scale?” shows how offshore wind turbine scaling is creating unsustainable market risks. The report compiles 10 years worth of the company’s claims dat...
Posted: May 09, 2023
“The first quarter was a demonstration of the quality of our book of business and our ability to navigate the choppy waters of this hard reinsurance market,” says Palomar Holdings CEO Mac Armstrong. Armstrong states that Palomar succes...
Posted: May 09, 2023
Insurance and analytics provider Verisk, and CCC Intelligent Solutions Inc. (CCC) a leading cloud platform for the property & casualty (P&C) insurance economy, have announced a strategic partnership to leverage the two providers’ market-le...
Posted: May 09, 2023
Kemper Corporation has reported a net loss of $80.1 million for the first quarter of 2023, compared to a net loss of $86.3 million in Q1 2022. Total revenues for Q1 of 2023 decreased $75.3 million, or 5.5%, to $1,294.8 million, compared to the fir...
Posted: May 09, 2023
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Dan Bendavid as the Global Lead – Innovation within its Operations & Technology team. In this role, Bendavid will drive AXA XL’s innovation strategy an...
Posted: May 09, 2023
Global life and health reinsurer Reinsurance Group of America (RGA) has completed the transformation of the Hodge Life Assurance Company Limited (HLAC) business that it purchased in July of 2021. According to RGA, HLAC’s insurance business was tra...
Posted: May 09, 2023
Constellation Insurance Holdings, Inc.’s (Constellation) Chilean subsidiary, Ohio National Seguros de Vida S.A., has entered into an agreement to acquire Zurich Insurance Group’s (Zurich) annuity portfolio of nearly $2.6 billion in res...
Posted: May 09, 2023
Bermuda domiciled financial services holding company White Mountains Insurance Group has reported a “good” first quarter with a comprehensive income of $180 million for the first quarter of 2023, up from $31 million for the same period last year....
Posted: May 09, 2023
AXIS Capital, a global specialty underwriter and provider of re/insurance solutions has appointed Mark Gregory as Head of Global Markets and Michael J. McKenna as Head of North America. Both appointees will report directly to Vince Tizzio, Preside...
Posted: May 09, 2023
A new survey of property and casualty (P&C) brokers and agents has found that 97% of respondents feel that recent hard market conditions are impacting their books of business, while 95% say their clients risk being underinsured due to high inf...
Posted: May 09, 2023
Home insurer Hippo has announced total generated premium (TGP) growth of 59% YoY to $245 million in first-quarter of 2023, compared to $154 million a year ago. At the same time, net earned premium for the quarter was $13.8 million, a shift from $9...
Posted: May 09, 2023
Melanie Gatza has been appointed to the role of Director of Reinsurance at Kuvare Holdings. Based in Illinois, she joins the firm from re/insurance broker Gallagher, where she most recently held the role of Senior Financial Analyst. Prior to joini...
Posted: May 09, 2023
The Long-Term Issuer Credit Rating (Long-Term ICR) outlook of QBE Insurance Group, an Australia-based re/insurance company, has been revised to stable from negative by credit rating agency AM Best. QBE’s Financial Strength Rating (FSR) of A (Excel...
Posted: May 09, 2023