Reinsurance News
Ardonagh Europe, part of The Ardonagh Group, has further bolstered its presence in the Netherlands with the acquisition of Dutch broker Classicus. Classicus was founded in 2004 and is headquartered in Amsterdam. The firm provides a range of specia...
Posted: Apr 18, 2023
Independent insurance broker Lockton has announced the appointment of Peter Chesterfield as Senior Vice President in its Global Real Estate & Construction (GREAC) team. In this role, he will be tasked with maintaining and accelerating the grow...
Posted: Apr 18, 2023
New data from Applied Systems shows that the overall magnitude of commercial lines premium rate movements slowed in Canada during the fourth quarter of last year. Analysts report that rate increases decelerated across all lines relative to average...
Posted: Apr 17, 2023
Property and casualty insurer Cincinnati Financial Corporation has announced that its consolidated first-quarter results are expected to include pre-tax catastrophe losses of approximately $235 million. This will represent an impact on its Q1 comb...
Posted: Apr 17, 2023
Global professional services firm Aon has appointed Sherif Zakhary as Chief Executive Officer of its Strategy and Technology Group within Reinsurance Solutions, effective immediately. Based in New York, Zakhary will lead over 500 colleagues worldw...
Posted: Apr 17, 2023
Dun & Bradstreet (D&B), a global provider of business decisioning data and analytics, has appointed James Harrison as Global Head of Insurance. Harrison joined D&B in 2020 as UKI Head of Insurance, a role he held for over two years bef...
Posted: Apr 17, 2023
Accounting standards, IFRS9 or IFRS17, unlikely to impact insurers’ strategic asset allocation “too significantly,” says JP Morgan in a new note. In its latest Love Actuary report, JP Morgan analysts examine IFRS9, a new accounting sta...
Posted: Apr 17, 2023
Global advisory, broking and solutions company WTW has announced the appointment of Gregg Moons as Head of Mergers & Acquisitions (M&A) for the Benelux region. Moons will have a regional role working from WTW’s offices in Amsterdam, Brusse...
Posted: Apr 17, 2023
International law firm Clifford Chance has announced that insurance transactional and regulatory partner Francis R. Monaco has joined the firm’s US insurance practice. Overall, Monaco brings more than 26 years of industry experience towards...
Posted: Apr 17, 2023
Personal and commercial auto insurers will initially benefit from fewer accidents as the use of autonomous vehicles increase, however, they face long-term risks that will reduce the need for insurance in the coming decades, suggest analysts at Moo...
Posted: Apr 17, 2023
In the latest edition of Plane Talking, re/insurance broker Gallagher noted capacity changed “little” from 2022 for space insurers and market position has been “as before” for the majority. In its Q4’22 edition of Pla...
Posted: Apr 17, 2023
According to a report from the Guardian, Lloyd’s of London CEO John Neal has proposed a deal with the UK government to help the NHS meet unexpected costs triggered by major events like the pandemic, as well as government cover for floods or drough...
Posted: Apr 17, 2023
Capitola, a digital marketplace for commercial insurance, has raised $15.6 million in its Series A funding round led by Munich Re Ventures, along with Lightspeed Venture Partners. Capitola states that the funding will be used to grow its platform...
Posted: Apr 17, 2023
Transatlantic Holdings, Inc. (TransRe), a reinsurance company wholly owned by Alleghany Corporation, has announced the retirement of Paul Bonny as Executive Vice Chairman (EVC) after 41 years. According to the announcement, he will continue to off...
Posted: Apr 17, 2023
Rokstone, an international specialty re/insurance MGA, and part of the Aventum Group, has launched a Credit & Surety Treaty division, and has appointed Luis Antonio Ibáñez as the Portfolio Manager to lead the division, based in Madrid. The com...
Posted: Apr 17, 2023
Reinsurance giant Swiss Re has announced that it has appointed Paloma Quiroga Arias as Head Risk Consulting & Analytics, where she will report to Russell Higginbotham, CEO Reinsurance Solutions. Paloma’s appointment is effective immediately. I...
Posted: Apr 17, 2023
International sector-based law firm HFW has announced the addition of Mark Meyer, who joins from US law firm Crowell & Moring as Senior Partner to its London office Crowell insurance associate Marli Wildschut also joins HFW as part of the move...
Posted: Apr 17, 2023
Toa Re of America (TRA) has appointed Nathaniel Wallman as Chief Executive Officer, replacing Richard Sanford. Wallman first joined TRA in 2002 and has over four decades of experience in the reinsurance industry. The firm suggests that its market...
Posted: Apr 17, 2023
P&C re/insurer Sompo International has promoted Margaret Hyland to President of North America Reinsurance, succeeding Steven Hanke, who is departing the firm after almost a decade of service. Hyland has over 30 years of experience in the North...
Posted: Apr 17, 2023
Fidelis Insurance Holdings Limited, a Bermuda-based insurance and reinsurance holding company, has now filed a preliminary IPO prospectus with the U.S. Securities and Exchange Commission (SEC) as it looks to list its common shares on the New York...
Posted: Apr 17, 2023
Global multiline insurers (GMIs) with diverse business operations and geographical presence, coupled with competitive advantages and robust capitalisation, are effectively managing challenging circumstances, S&P Global Ratings said in a report...
Posted: Apr 17, 2023
Global business insolvencies are expected to rise +21% in 2023 and +4% in 2024, after a small rebound by +2% in 2022 after two years of decline due to the pandemic, according to Allianz Trade. The trade credit insurer noted global business insolve...
Posted: Apr 17, 2023
According to recent research by AutoRek, a reconciliation and finance automation fintech, insurance companies are changing their strategic priorities to prioritise operational resilience, efficiency, and control. The report, titled “Insuranc...
Posted: Apr 17, 2023
Athene Life Re Ltd (ALRe), the reinsurance subsidiary of Athene Holding Ltd., has announced the appointment of Natasha Scotland Courcy as Chief Executive Officer, effective immediately. In addition to Scotland Courcy’s promotion, Brad Molitor has...
Posted: Apr 14, 2023
As aviation reinsurance continues to recover from large losses caused by a number of challenges in the last few years, the medium-term outlook suggests that the market will remain hard for some time to come, according to a recent Gallagher Re repo...
Posted: Apr 14, 2023