Reinsurance News
RenaissanceRe has reported that Q1 property catastrophe net premiums written grew by $214.7 million or 35.7%, as net income available to common shareholders increased to $564.1 million. RenaissanceRe’s gross premiums written stood at $2.79 b...
Posted: May 03, 2023
Global multi-line reinsurer Fortitude Re has entered into an agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation and its affiliates, under which Lincoln will cede approximately $28 billion of in...
Posted: May 03, 2023
Fannie Mae has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2023. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-4 transaction...
Posted: May 03, 2023
Global broking business Brokerslink has announced the launch of a dedicated Risk Management Practice (RMP) to provide its partners and affiliates with access to single-access specialist consultancy service. Led by Jorge Luzzi, the CEO of Brokersli...
Posted: May 03, 2023
Generali shareholders have voted to approve the company’s 2022 financial statements and distribution of its dividend, as well as to approve the appointment of Stefano Marsaglia as a member of the Board of Directors. Marsaglia will hold office for...
Posted: May 03, 2023
Lions Gate Underwriting (LGU), an independent underwriting agency and Lloyd’s coverholder, has announced the appointment of Robbin Botnick as managing director and head of corporate development. A highly respected insurance executive, Botnick brin...
Posted: May 03, 2023
Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has acquired JW Surety Bonds, a large volume bond producer in the US, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates...
Posted: May 03, 2023
Obsidian Insurance Holdings appointed Theresa Schroder as Reinsurance Placement Executive. Prior to joining Obsidian, she served as Director of Captive Underwriting & Reinsurance at Risk Services, LLC. She worked at Risk Services, LLC for over...
Posted: May 03, 2023
Munich Re has warned that future cyberattacks will be accelerated by key technology trends such as artificial intelligence (AI), the “metaverse,” and expanding IT, Internet of Things (IoT), and operational technology (OT) worlds. While...
Posted: May 02, 2023
Vesttoo, an insurance risk transfer and investment platform, has appointed Jon Ewing as Chief Marketplace Officer. Towards his new role, Ewing brings over two decades of extensive experience in financial services, as well as possessing expertise i...
Posted: May 02, 2023
Global reinsurer Swiss Re has announced the appointment of Patrick Roder as Head of Casualty Underwriting for Regional Markets in Europe, the Middle East and Africa (EMEA). Roder has served as Head of Casualty Research and Development (R&D) si...
Posted: May 02, 2023
Placing Platform Limited (PPL) and Morning Data have announced that they are working together to explore how to utilise EOS Contract (CDR) Checker to accelerate PPL’s Next Gen platform’s ability to create CDRs through the placement process. The se...
Posted: May 02, 2023
VIG Re has published its annual report showcasing a combined ratio improvement of approximately 4.2 ppt to 91.9% in 2022, compared from the 2021 combined ratio of 96.1%. The company’s profit before taxes stands at EUR 30.7 million for 2022, which...
Posted: May 02, 2023
Cyber insurance provider Coalition has launched the next generation of its cyber risk management platform, Coalition Control. The platform combines cyber risk monitoring, assessment, and quantification tools with third-party risk management and AI...
Posted: May 02, 2023
Global climate risk coverage platform Arbol, and The Institutes RiskStream Collaborative, the insurance industry’s largest blockchain consortium, have announced a strategic partnership to transform parametric insurance. According to the anno...
Posted: May 02, 2023
The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has announced a longevity swap transaction with Pacific Life Re International and Zurich Assurance to manage longevity risk in relation to £1.6 billion of pensioner liabilities. The arrangemen...
Posted: May 02, 2023
Re/insurance broker WTW has announced the global launch of Neuron, a digital insurance platform that uses cutting-edge technology to help underwriters and brokers connect and trade more easily. The platform also helps improve both the speed and co...
Posted: May 02, 2023
Ageas Group’s reinsurance brand, Ageas Re has announced it is growing its team as it welcomes a number of new hires all over the world. Joining the company from Axis Re, Wolfgang Amiras has been named Senior Underwriting Manager, a Zurich-ba...
Posted: May 02, 2023
Lockton Re, the reinsurance division of insurance broker Lockton has appointed Jaimie Hunter as a Senior Broker, where she will be based in the company’s new Stamford, Connecticut headquarters. In this new role, Hunter will support client de...
Posted: May 02, 2023
UK specialist pensions insurer Rothesay has completed a £160 million full scheme buy-in with Repsol Sinopec, an oil and gas exploration and production company operating in the North Sea. The transaction secures the benefits for all members of the...
Posted: May 02, 2023
Chicago-based insurer CNA Financial Corporation has reported a slight increase in net income of $297 million for the first quarter of Q1, compared with $295 million in the prior year quarter. Core income for the quarter was $325 million, versus $2...
Posted: May 02, 2023
The Ardonagh Group’s global reinsurance broking arm, Inver Re, has hired Gareth Davies from Price Forbes as Chairman of Parametrics, effective May 2023. Davies joins the reinsurance broker after more than three years with Price Forbes &...
Posted: May 02, 2023
Florida Governor Ron DeSantis, and Tim Cerio, the Citizens Property Insurance Corporation President and CEO, provided an update to reinsurers in the UK on Florida’s efforts to stabilise the property insurance market, and secured a commitment from...
Posted: May 02, 2023
Specialist re/insurance broker BMS Group has acquired Australian firm GARD Insurance, which includes hospitality MGA ALE underwriting. GARD non-executive chairman Craig Patterson will join BMS as executive chairman of GARD, with a remit to grow an...
Posted: May 02, 2023
Midwest Holding Inc. and investment firm Antarctica Capital have entered into a definitive merger agreement whereby an affiliate of Antarctica will acquire Midwest in an all-cash transaction valued at approximately $100 million. According to Midwe...
Posted: May 02, 2023