Reinsurance News
A joint study from climate and property risk analytics provider ZestyAI and the Insurance Institute for Business & Home Safety (IBHS) has highlighted the importance of data on smaller hailstone impacts and their wider effect on the P&C mar...
Posted: Apr 21, 2023
Volante Global, an international managing general agent platform and Lloyd’s Syndicate, has appointed Laxmeekant Walikar as managing director of the Indian Subcontinent. Walikar made the announcement on LinkedIn where he also mentions that he is r...
Posted: Apr 21, 2023
Global broker WTW has appointed My Thien Nguyen as Country Leader and Head of Corporate Risk & Broking for Vietnam. Nguyen, who will start her new role on August 1, will be succeeding Philippe Robineau who will leave the company by the end of...
Posted: Apr 21, 2023
SCOR, one of the Europe’s big four reinsurance companies, capitalised on the favourable reinsurance market conditions at the April 1st, 2023, renewals, achieving property and casualty (P&C) gross written premium (GWP) growth of 17% to EU...
Posted: Apr 20, 2023
Global reinsurer Swiss Re has forecasted that the US property and casualty (P&C) industry will experience significantly better return on equity (ROE) in 2023 and 2024 compared to 2022. Swiss Re expects the ROE to reach 8.0% in 2023 and 9.5% in...
Posted: Apr 20, 2023
WTW, a global advisory, broking, and solutions company, has announced the appointment of Jaideep (Jay) Sharma as Northeast Strategy & Execution Leader, Corporate Risk and Broking (CRB), North America. In his new role Sharma’s leadership will b...
Posted: Apr 20, 2023
Global P&C insurer Chubb has announced the appointment of Annmarie Camp as North America Business Development Leader. Camp has over two decades of insurance industry experience and currently serves as Head of Personal Risk Services for Chubb i...
Posted: Apr 20, 2023
Specialty reinsurer Canopius Group, and Theodore Tunick and Marshall & Sterling, a broker for all lines of business and personal insurance, have announced an agreement with Samsung Fire and Marine Insurance (SFMI) to offer admitted auto covera...
Posted: Apr 20, 2023
U.S. primary insurer Allstate Corporation has estimated that catastrophe losses for the first quarter of 2023 totalled $1.69 billion, pre-tax. According to Allstate, catastrophe losses for March alone stood at $1.17 billion or $927 million, after...
Posted: Apr 20, 2023
Verena Klumb has been announced as the new leader of Actineo, a Verisk business, as of April 01, 2023. Klumb is a banker and marketing and communications economist, who has been leading operations and administration as part of the executive manage...
Posted: Apr 20, 2023
Microinsurance, which has the potential to be worth $61.8 billion, is a crucial lifeline for many at-risk families across the world, according to the Microinsurance Network (MiN). The 2022 study shows 253 insurance providers reporting on 935 produ...
Posted: Apr 20, 2023
Independent specialist re/insurer Apollo has appointed AXIS Capital’s Nerina Wright as Head of Sustainability. In her most recent role at AXIS, Wright served as ESG London Market Lead. Overall, she brings over three decades of experience towards h...
Posted: Apr 20, 2023
During his 20-year tenure with specialty insurer Fortegra, Chief Executive Officer (CEO) Rick Kahlbaugh’s leadership has seen the company expand into a multi-line carrier with annual premiums in the billions of dollars, supported by a willing and...
Posted: Apr 20, 2023
Cyber insurance provider At-Bay has announced that it has appointed Ari Fischel as its Chief Financial Officer (CFO). An experienced industry veteran, Fischel brings more than 20 years of financial and operational expertise towards At-Bay’s...
Posted: Apr 20, 2023
United Insurance Holdings’ (UPC Insurance) unit, American Coastal Insurance Company (ACIC), has entered into an agreement with the Florida Department of Financial Services’ Division of Rehabilitation and Liquidation (DFS), regarding th...
Posted: Apr 20, 2023
Tata AIG General Insurance Company has announced the hire of Sanket Vadkhalkar as its new Chief Manager for Reinsurance. He will be based out of Mumbai in this role. Vadkhalkar’s area of expertise is in the Facultative Reinsurance sector. Previous...
Posted: Apr 20, 2023
Global re/insurance broker Marsh McLennan (MMC) has today reported consolidated revenue across its operations of $5.9 billion for the first quarter of 2023, a rise of 9% on an underlying basis, supported by growth at its reinsurance broking arm, G...
Posted: Apr 20, 2023
Global reinsurance giant Swiss Re has promoted Stefanie Stratos to Global Chief Risk Officer of Reinsurance Global Clients, Client Solutions and iptiQ – Swiss Re´s digital B2B2C insurer. Based in New York, Stratos is a renowned veteran withi...
Posted: Apr 20, 2023
Financial technology and insurance company Acrisure has appointed David Bruce as Chief Executive Officer (CEO) Networks & Chief Operating Officer UK Retail. Bruce arrives from Marsh, where he has served as CEO for the broker’s commercial arm s...
Posted: Apr 20, 2023
Fairfax Financial Holdings Limited has announced that it has reached a deal to more than double its stake in Gulf Insurance Group (GIG) K.S.C.P. from buying an additional roughly 46% interest from Kuwait Projects Co.(Holding) K.S.C.P. for about $8...
Posted: Apr 20, 2023
QBE, an Australian-based insurer has promoted Debbi Wood to Head of Reinsurance Claims. An experienced veteran within the industry, Wood has worked at QBE for nearly two decades. She joined the firm in 2003 as a Senior Claims Adjuster, and would s...
Posted: Apr 20, 2023
The Hanover Insurance Group has announced its preliminary estimate for first-quarter 2023 catastrophe losses of approximately $175 million, before taxes or 12.7 points of net earned premium. Widespread wind and tornadic activity impacted nearly ha...
Posted: Apr 20, 2023
Newly launched cyber underwriter Intangic MGA has named Debbie Durkan as Commercial Director to drive growth and distribution. Durkan holds more than two and half decades of industry experience, having most recently served at Marsh, where she was...
Posted: Apr 20, 2023
Specialist re/insurance broker BMS has appointed Morna Leather as UK and international chief financial officer, effective summer 2023. Leather joins BMS from Ardonagh Global Partners, where she was chief financial officer. Before this, she held se...
Posted: Apr 20, 2023
Aon’s Reinsurance Solutions has named AXA XL’s David Grigg as Executive Managing Director to lead its US Cyber Reinsurance team. Based in Aon’s New York office, Grigg is to start his new role immediately. He will be reporting to Randy Stanco, co-l...
Posted: Apr 20, 2023