Reinsurance News
A new report from Fitch Ratings has highlighted how Swiss property & casualty (P&C) insurers will maintain their strong profitability throughout 2023 and 2024, due to disciplined pricing strategies that mitigate the effects of higher claim...
Posted: Apr 26, 2023
EPIC Insurance Brokers & Consultants, a retail P&C insurance brokerage and employee benefits consultant, has launched Private Equity Employee Benefits, a specialised group dedicated to serving Private Equity and Alternative Asset Managemen...
Posted: Apr 26, 2023
Generali Global Corporate & Commercial (GC&C) has announced the appointment of Alessandro Bonazzi as Head of Technical Excellence. “With his expertise and set of technical skills, Alessandro will focus on advancing Technical Analysis, Port...
Posted: Apr 26, 2023
Swiss Re Reinsurance Solutions has formed a strategic partnership with Des Moines-based insurtech Benekiva to develop an integrated claims management platform. The partnership will aim to combine Benekiva’s claims administration system with...
Posted: Apr 25, 2023
According to a new survey from brokerage WTW and global law firm Clyde & Co, economic and cyber risks, particularly those associated with data loss and ransomware, are causing increasing concern for Directors and Officers (D&O). The Direct...
Posted: Apr 25, 2023
International insurance broker Howden has appointed Karl-Heinz Holz as new CEO of Howden Deutschland AG, taking over from Luigi Sturani, CEO of Europe, who has served as interim CEO of Germany in recent months. In the new role, Holz will focus on...
Posted: Apr 25, 2023
Specialty reinsurance broker BMS Re has appointed Erik Soria as head of new business solutions and co-head of casualty broking. Soria joins from Bermuda-based reinsurer Conduit Re, where he served as the head of US casualty since 2021. Before join...
Posted: Apr 25, 2023
Chubb, a global property and casualty insurer, has appointed Stephen Vaughan as Head of its European Personal Risk Services (PRS), division, effective June 1, subject to regulatory approval. In this new role, Vaughan will be responsible for the pe...
Posted: Apr 25, 2023
Climate and property risk analytics provider ZestyAI has announced that severe convective storms have joined the list of perils addressed by the its risk analytics platform. The company claims that Z-HAIL and Z-WIND are the first AI models to give...
Posted: Apr 25, 2023
P&C commercial insurance broker, Alliant Insurance Services has announced the launch of its reinsurance brokerage division, Alliant Re. According to the announcement, Alliant Re leverages proprietary data and analytics, extensive industry rela...
Posted: Apr 25, 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of three executives to claims leadership roles in Germany. Sandra Leyendecker has been promoted to Head of Casualty Claims. She joined BHSI in 2022 as Senior Casualty Clai...
Posted: Apr 25, 2023
Aon, a global professional services firm, has urged asset owners and operators in the battery energy storage system (BESS) market to enhance their cyber resilience against emerging cyber threats, identifying operational technologies used in BESS c...
Posted: Apr 25, 2023
Trean Insurance Group, a provider of products and services to the specialty insurance market, has been acquired by Altaris, collectively with its affiliates, for $6.15 per share in cash. The transaction was completed five months after the companie...
Posted: Apr 25, 2023
Specialist Risk Group (SRG) has launched Specialist Risk Europe, a new platform for its European operations, headquartered in Dublin, Ireland. SRG states that this announcement reinforces its commitment to its growth strategy and will build upon t...
Posted: Apr 25, 2023
The London subsidiary of AEGIS has appointed Barry Plummer as an underwriter within its Differentiated Underwriting Team. Plummer’s industry experience spans over three decades, and includes a 17-year stint at Aspen Insurance Group, where he held...
Posted: Apr 25, 2023
US insurance brokerage firm Brown & Brown reported revenues of $1.12 billion for the first quarter of 2023, representing an increase of $211.3 million, or 23.4%, when compared to the same period in 2022. Organic revenue totalled $967.3 million...
Posted: Apr 25, 2023
Cayman islands-based reinsurer Topsail Re has appointed Daniel Turgel as Vice President of Underwriting. Turgel’s experience spans over 13 years and includes work in reinsurance underwriting and program management. His most recent role was a...
Posted: Apr 25, 2023
Zurich-based catastrophe insurance data provider PERILS AG has released its Industry Exposure Database (IED) for 2023, which shows much larger year-on-year movements than in the past, reflecting the volatile economic environment. According to PERI...
Posted: Apr 25, 2023
Comprehensive car insurance premiums have risen by 20% during the last 12 months, making the average cost of a car insurance policy the most expensive it has been since 2011, according to the latest Confused.com Car Insurance Price Index in associ...
Posted: Apr 25, 2023
Independent insurance distribution firm BRP Group in partnership with Nasdaq said that the primary Directors and Officers (D&O) insurance premiums of Nasdaq-listed companies steeply declined by 20 percent in 2022, and recently listed companies...
Posted: Apr 25, 2023
CVS Health has announced the hire of Brian Kane as the company’s new Executive Vice President and President of Aetna. This role change will come into effect from September 1, 2023. Kane will become a member of the company’s executive leaders...
Posted: Apr 25, 2023
Aon plc, a global professional services firm, has announced the appointment of Andy Neal as Managing Director of the firm’s Public Sector Partnership. In his new role, based in Washington, Neal will report to Geoff Hickman, COO of Aon’s Public Sec...
Posted: Apr 24, 2023
Europe’s ongoing public and private sector strikes for pay are projected to cause only a “minor and temporary” setback to real GDP growth, according to Swiss Re Institute. The tight labour markets are aiding worker and union barg...
Posted: Apr 24, 2023
The European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) call for increased uptake of climate catastrophe insurance to limit the growing impact of natural disasters on the economy. In their recently pu...
Posted: Apr 24, 2023
Fidelis MGU has announced the appointment of Deborah Leen as Head of Human Resources (HR), where she will be based in London and will report to Rinku Patel, Group Chief Operating Officer and CEO of Pine Walk, effective immediately. At the same tim...
Posted: Apr 24, 2023