Reinsurance News
USQRisk, an international MGA specialising in alternative risk transfer solutions, has promoted Tony Harrington-Jones and Chris Giuffre to the newly-created positions of director of group operations and chief strategy officer, respectively. Giuffr...
Posted: Apr 27, 2023
Chinese insurer Ping An has reported a 48.9% increase in net profit over the first quarter of 2023, ending the period at RMB 38,352 million (USD 5,537 million), including operating profit of RMB 41,385 million. The company attributed the improved...
Posted: Apr 27, 2023
Starr Insurance Companies, a provider of commercial property and casualty insurance, has appointed Catherine Wong as Chief Underwriting Officer, Casualty for the Asia-Pacific (APAC) region. She is joining Starr following almost two decades with AI...
Posted: Apr 27, 2023
Specialist insurer New National Assurance has signed an annual agreement with flood risk modeller, JBA Risk Management (JBA), for the use of its flood data for South Africa. The data, which incorporates climate change intelligence, will be used by...
Posted: Apr 27, 2023
Brokerage Miller Insurance Services has released a report stating that it is seeing property rate increases for clean, non-cat renewals of +10% for loss-affected lines. At the same time, and in contrast to the company’s Q1 update, catastrophe (CAT...
Posted: Apr 26, 2023
ShoreOne Insurance Managers, Inc., has appointed Peter Hutchinson as Territory Manager for its Massachusetts headquarters. An experienced veteran within the industry, Hutchinson brings over three decades of expertise towards his new role. As Terri...
Posted: Apr 26, 2023
Markel Corporation has announced the hire of Amandeep Dhillon as its new Managing Director, and Global Head of Catastrophe and Exposure Management. Dhillon will be based in Markel’s Glen Allen, Virginia office and will report to Kryszon. Dhi...
Posted: Apr 26, 2023
AXA XL Insurance has further expanded its U.S. Mid-Market team with the addition of Matthew Duke as Head of Pricing, U.S. Middle Market Analytics. Duke joins AXA XL from Xceedance, where he served as Senior Vice President and Chief Actuary, Head o...
Posted: Apr 26, 2023
Brazilian reinsurance company IRB Brasil RE has entered into a non-prosecution agreement with the US Justice Department and agreed to pay $5 million in victim compensation to resolve the government’s investigation into a securities fraud scheme. T...
Posted: Apr 26, 2023
Cytora and CyberCube have announced their partnership to provide commercial insurers with a more streamlined and informed understanding of cyber risk. Cytora is a digital risk processing platform and CyberCube is a cyber risk analytics provider. T...
Posted: Apr 26, 2023
Global data analytics and technology provider Verisk has announced that it has acquired Krug Sachverständigen GmbH (SV Krug), a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Eu...
Posted: Apr 26, 2023
RiskPoint Group’s Renewable Energy team has partnered with Munich Re’s Greentech Solutions Team to enhance coverage for offshore wind contractors, manufacturers, and suppliers. This partnership will bring together the global distributi...
Posted: Apr 26, 2023
Global brokerage WTW has appointed Matthew Thinnes as Head of Energy & Construction Property on its Direct and Facultative team, based in North America. Based in New York, Thinnes joins the firm with over 20 years of industry experience. In hi...
Posted: Apr 26, 2023
Mohit Pande, Head of Property Underwriting for US & Canada at global reinsurer Swiss Re, has warned of the pervasive challenge of inadequate valuations of physical assets for property policies, and has proposed some potential solutions to the...
Posted: Apr 26, 2023
QBE Re, the reinsurance division of QBE, has announced that it has appointed Jamie Cook as Chief Partnership Officer. In his new role, Cook will lead a team that is responsible for building more effective customer and broker relationships, as well...
Posted: Apr 26, 2023
Ledgebrook, an insurtech managing general agent (MGA) for wholesale brokers, has announced it has raised a $4.6m round of funding. The Boston-based company intends to use these funds to scale its flagship non-admitted GL & Supported Excess pro...
Posted: Apr 26, 2023
Insurance and reinsurance broker Aon has announced the hire of Katey Walker as its new Chief Commercial Officer of Strategy & Technology. Walker is a market veteran with over twenty years of experience in the property and casualty industry as...
Posted: Apr 26, 2023
Re, a blockchain-powered reinsurance company, has reported “significant” growth in Q1 2023, backing $34 million in premiums and insuring tens of thousands of small businesses across various industries since its launch in late 2022. The...
Posted: Apr 26, 2023
Alliant Re, the recently launched reinsurance brokerage division of Alliant Insurance Services, has appointed Nicholas Ambriano as Executive Vice President, Managing Director. In this new role, Ambriano will play a key role in building a client-fo...
Posted: Apr 26, 2023
Andre Perez a veteran reinsurance executive marks his return to the insurance industry by launching Nascent Group. Nascent Group is an independent, technology-driven service provider to the financial industry. Perez will be the Chairman and CEO of...
Posted: Apr 26, 2023
Global specialty re/insurer Brit Ltd. has announced the promotion of Marie Hill to the position of Group Head of Claims. In this role, Hill will be responsible for leading Brit’s global claims practice and managing the team that services Llo...
Posted: Apr 26, 2023
Chubb has reported that its Q1 2023 core operating income was a record $1.84 billion, up 11.8% from the previous year. Elsewhere in the firm’s results, net income for Q1 stood at $1.89 billion, down slightly from $1.95 billion in 2022. P&...
Posted: Apr 26, 2023
W. R. Berkley Corporation has announced the appointment of Jay Weber as the new president of Berkley Southeast Insurance Group. Weber succeeds Dennis Barger, who has been named as the chairman of the business. Both appointments are effective immed...
Posted: Apr 26, 2023
Global insurance and reinsurance broker Aon appointed Paul Grasso as head of Treaty in Australia and New Zealand for Reinsurance Solutions. Grasso, who has demonstrated expertise in the field, will assist clients in maximizing their capital in a r...
Posted: Apr 26, 2023
According to ratings agency, AM Best, the growing use of embedded insurance in developed markets has provided a way to enhance product offerings and integrate risk protection directly into purchases. According to a new commentary by the ratings ag...
Posted: Apr 26, 2023