Reinsurance News

Eurazeo has entered into exclusive discussions with an investor consortium led by La financière de Blacailloux (Fiblac), a family holding company, regarding the sale of its 70% stake in Albingia, a French insurance company specialising in risk man...

Posted: Dec 13, 2024

Orion180, a provider of insurance solutions, has recently announced the launch of its new Residential Private Flood Insurance product. Orion180’s Private Flood Insurance product provides customisable and extensive coverage options for homeowners a...

Posted: Dec 13, 2024

According to Paul Davenport, Finance & Risk Director at the Lloyd’s Market Association (LMA), the Lloyd’s Market has made notable progress towards its objectives of reducing the burden of compliance with financial reporting for participa...

Posted: Dec 13, 2024

Credit rating agency AM Best has upgraded Korean Reinsurance Company’s (KRE) Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed its Financial Strength Rating (FSR) of A (Excellent). Additionally, A...

Posted: Dec 13, 2024

Cyber risk is set to intensify next year as attackers switch tactics in response to better corporate cyber defences, and as advances in artificial intelligence (AI) increase the volume and effectiveness of their strikes, says Moody’s Ratings...

Posted: Dec 12, 2024

Commercial and specialty lines insurer HDI Global has appointed Dr Carsten Schulte as the Global Head of Marine of its industrial insurer, HDI Global SE, effective January 1st, 2025. The company confirmed that Alexander Schlei will succeed Dr Schu...

Posted: Dec 12, 2024

Regal Reinsurance Brokers has officially launched in Ghana, opening an office at Achimota, Mile 7, in Accra, according to a report by The Multimedia Group. Specialising in all lines of insurance for clients in Ghana and abroad, Regal Re is regulat...

Posted: Dec 12, 2024

Swiss Re’s Frederico Knapp has been appointed Chief Financial Officer (CFO) of IRB-Brasil Resseguros S.A. (IRB Re). Knapp will reportedly join the firm on December 20, 2024, replacing Marcos Pessôa de Queiroz Falcão, who will remain as Chief...

Posted: Dec 12, 2024

New research from WTW has revealed a shift away from a transactional view of facultative reinsurance and a move towards using it as a tool to achieve strategic objectives and priorities, fill gaps in treaties and manage risk throughout the cycle....

Posted: Dec 12, 2024

Global insurer QBE now has a class 4 license in Bermuda, providing the reinsurance arm, QBE Re, with further optionality in the balance sheets it offers its cedants. In a recent LinkedIn post, QBE Re said, “This is a great complement to the underw...

Posted: Dec 12, 2024

Global climate insurtech IBISA and VisionFund, the financial empowerment and livelihood arm of World Vision, have launched ClimaCash+, a suite of parametric climate insurance products aimed at helping communities vulnerable to climate risks respon...

Posted: Dec 12, 2024

Ewout Steenbergen, current Executive Vice President and Chief Financial Officer of Booking Holdings Inc., has been appointed as a member of AXA’s Board of Directors to replace Rachel Duan as she intends to resign from her directorship at the end o...

Posted: Dec 12, 2024

Goldman Sachs anticipates a stable and orderly reinsurance renewal season in 2025, with property catastrophe pricing expected to decline by 5-15 percentage points at the January 1st renewals. This prediction is based on insights from W.R. Berkley...

Posted: Dec 12, 2024

Rokstone, an international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has announced the appointment of Henry Hogarth as Senior Underwriter in its Direct & Facultative (D&F) Property team. James Potte...

Posted: Dec 12, 2024

Financial innovations such as cyber catastrophe bonds could help bridge the cyber protection gap, according to a recent report by the Geneva Association. As businesses and societies become increasingly digital, cyber threats such as ransomware, da...

Posted: Dec 12, 2024

Lloyd’s of London is expected to continue producing strong earnings and capital over the next 12-18 months, due to underwriting discipline, favourable market conditions and robust investment returns, according to Moody’s Ratings. Howev...

Posted: Dec 12, 2024

Specialist insurance provider CFC has announced the growth of its Australian-based cyber team with the addition of Michael Lewis. Starting in January 2025, Lewis will assume his new position at CFC. Previously, he spent two years at Emergence Insu...

Posted: Dec 12, 2024

Independent specialist insurance and reinsurance broker BMS Group has agreed to acquire Spain-based insurance broker Rasher, and its Latin American subsidiaries in Colombia and Peru, subject to regulatory approvals. According to BMS Group, through...

Posted: Dec 12, 2024

Aon and the European Bank for Reconstruction and Development (EBRD) have launched a facility supporting the revitalisation of the war risk insurance market in Ukraine, with global speciality reinsurer MS Amlin the first international reinsurance p...

Posted: Dec 12, 2024

Digital risk processing platform Cytora has partnered with international weather information and data management company Pelmorex Corp to provide commercial property underwriters with deeper insights into climate-related risks. Through its integra...

Posted: Dec 12, 2024

Ki will operate as a standalone company within the Fairfax Group starting January 1, 2025, according to an announcement by Brit Ltd., a global specialty re/insurer and a subsidiary of Fairfax Financial Holdings Limited. Ki was incubated and launch...

Posted: Dec 12, 2024

French reinsurer SCOR has confirmed its core targets over 2025-2026, maintaining a return on equity (ROE) assumption above 12% for the period, while its Group reserve adequacy has been confirmed by external independent reviewers. SCOR presented it...

Posted: Dec 12, 2024

In the first nine months of 2024, US life/annuity total income was up 5.3% from the previous year, primarily due to increases of 13.7% in premiums and annuity considerations, as well as a 9.6% rise in net investment income, according to global cre...

Posted: Dec 12, 2024

The UK arm of global insurer Zurich has announced the appointment of Drazen Jaksic as CEO of Zurich UK, succeeding Tim Bailey, who has served as CEO, Zurich UK since January 1, 2021. Alison Martin, CEO EMEA & Bank Distribution, said, “We are d...

Posted: Dec 12, 2024

Kita, the carbon insurance specialist and Lloyd’s of London coverholder, has launched its full-spectrum Active Risk Monitoring services for the carbon markets. The firm has been providing these services since March 2024 to select stakeholders and...

Posted: Dec 12, 2024