Reinsurance News
Analysts at global advisory, broking, and solutions company WTW have noted a “sea change” in how companies perceive political risk following the outbreak of war in Ukraine last year, as well as issues such as rising economic nationalism and growin...
Posted: Apr 19, 2023
Allianz Trade, the global leader in trade credit insurance, is expanding its Excess of Loss (XoL) teams in Germany, Asia Pacific, Spain, and Brazil, following the successful growth of its teams in the UK and US. The company aims to hire new recrui...
Posted: Apr 19, 2023
Guidewire has announced the appointment of Michael Howe as their new Chief Product Officer. Howe will be reporting to the Chief Executive Officer Mike Rosenbaum. In his new role, Howe will lead product strategy, product management, product marketi...
Posted: Apr 19, 2023
Electric vehicles, as they grow more popular, will drive up costs for auto insurers as they are difficult to repair and insurers are expected to raise pricing taking this into account, Moody’s said in a report. US auto insurers have posted w...
Posted: Apr 19, 2023
Santiago Arechaga has been named Head P&C Southern Europe for Swiss Re Iberia, a new position he will hold alongside his Chief Executive Officer role. Madrid-based Arechaga joined Swiss Re in 2018 as CEO Iberia. Prior to that he worked for 11...
Posted: Apr 19, 2023
Agriculture and climate risk management firm Weather Risk Management Services (WRMS), has unveiled SecuRisk, a digital-first global parametric insurance marketplace, to bridge the $160 billion global protection gap. In a press release, the firm st...
Posted: Apr 19, 2023
London-headquartered insurer, Aviva has partnered with cyber risk analytics firm CyberCube to support the growth ambitions for its cyber book. Through this partnership, the insurer is to roll out a broad range of CyberCube’s products. It has signe...
Posted: Apr 18, 2023
The Florida Office of Insurance Regulation (OIR) has approved the application of HCI Group’s Tailrow Insurance Company for the issuance of a permit to become an authorised domestic insurer and write homeowners multi-peril line of insurance i...
Posted: Apr 18, 2023
Canadian property and casualty re/insurer, Fairfax Financial Holdings Limited has published its preliminary, unaudited estimate of the effect of IFRS 17 on common shareholders’ equity stating that it will increase by approximately $2.2 billion, as...
Posted: Apr 18, 2023
Specialty re/insurer Ascot has appointed Owen Williams to the newly created role of Chief Information Officer (CIO), Ascot US. The firm noted that in this new role, Williams will be responsible for leading, developing and evolving its business tec...
Posted: Apr 18, 2023
Caroline Wagstaff, CEO of the London Market Group (LMG), has lent her support to calls from the Regulatory Reform Group (RRG) that argue for greater Parliamentary accountability of the UK’s regulators. The RRG, consisting of Conservative MPs and P...
Posted: Apr 18, 2023
Analysts at Swiss Re Institute have warned that pressure in the office sector and tighter lending standards are challenging US commercial real estate, contributing to the weaker economic growth outlook and financial sector vulnerability. While the...
Posted: Apr 18, 2023
Cayman Islands-based Northern Reinsurance has announced its launch as a new collateralized reinsurance company, with an initial capitalisation of $25 million provided by a private investment group. This tranche of capital comes as the first of a m...
Posted: Apr 18, 2023
According to a new report from Fitch Ratings, large Nordic insurers managed to maintain strong credit profiles throughout 2022, which was heavily supported by the resilient economic and operating environment within the Nordic region. Analysts stat...
Posted: Apr 18, 2023
Tokio Marine Holdings, Inc. has entered into a capital and business alliance with Axelspace Holdings Inc., a startup in the space business sector, to develop new insurance products and services for the space market. Axelspace, domiciled in Japan,...
Posted: Apr 18, 2023
Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance guidance provider Pro Global Holdings Limited, has announced a partnership with specialty MGA Nirvana. Backed by A+ rated Lloyd’s and...
Posted: Apr 18, 2023
Everspan Group, a specialty property and casualty insurance platform, has partnered with specialty MGA Ledgebrook on a new general liability program, which is to be distributed through wholesale brokers. According to the announcement, in addition...
Posted: Apr 18, 2023
Global advisory, broking, and solutions company, WTW has appointed Laura Doddington as North America Proposition Leader – Pricing, Product, Claims and Underwriting (PPCU) Personal Lines for Insurance Consulting and Technology (ICT). In her n...
Posted: Apr 18, 2023
A new report from BMS, the independent specialist insurance and reinsurance broker, suggests that mergers and acquisitions (M&A) activity could “bounce back” towards the latter half of 2023. BMA looked at M&A trends from 2022 and provided...
Posted: Apr 18, 2023
DUAL Europe has announced the appointment of Peter Kegel as the new Managing Director of DUAL Benelux. Kegel will be based in Rotterdam, Netherlands. Kegel will be in charge of establishing a base to service the Benelux market. The company’s visio...
Posted: Apr 18, 2023
Youi Insurance, an Australian-based insurance company has appointed Swiss Re’s Laura Wood as Head of Reinsurance. An experienced veteran within the industry, Wood brings 18 years of expertise towards her new role, having worked within re/insurance...
Posted: Apr 18, 2023
Bermuda-based reinsurer Everest Re Group has appointed Mike Mulray as Executive Vice President and President of North America Insurance. Mulray most recently served as Global Chief Operating Officer for Everest Insurance, having first joined the f...
Posted: Apr 18, 2023
Aristotle Capital Management has completed the acquisition of Pacific Asset Management from Pacific Life Insurance Company, rebranding it to Aristotle Pacific Capital. The rebranded Aristotle Pacific will maintain its investment team and will cont...
Posted: Apr 18, 2023
RBC Capital Markets said specialty reinsurers’ combined ratios may be “too conservative” due to factors such as conservative reserving, rebuilding reserve buffers, and higher investment returns which could offset weaker underwrit...
Posted: Apr 18, 2023
In a new report from AM Best, the rating agency has announced that it is maintaining its Stable market segment outlook for the UK life insurance segment. The report highlights that the positive factors underpinning the stable outlook for the UK li...
Posted: Apr 18, 2023