Reinsurance News
International insurance broker Howden has announced the launch of its Marine & Energy business in Norway, which is set to be led by WTW’s Frode Lund, who will assume the position from August 1, 2023. The new initiative is set to drive footprin...
Posted: Apr 13, 2023
Specialist re/insurance broker Miller said it posted over £200 million in revenues in 2022, led by strong organic growth and the acquisition of two “high quality” businesses. Miller said it saw organic growth in the mid-teens delivered...
Posted: Apr 13, 2023
American International Group (AIG) has appointed Chris Colahan as Regional President, AIG Asia Pacific. Colahan will join the firm during the second quarter of 2023, and he will report to Jon Hancock, Chief Executive Officer of AIG’s International...
Posted: Apr 13, 2023
Specialist re/insurer Apollo has announced its new ICX Consortium through its Apollo ibott 1971 division. Apollo suggests it intends to deploy lead capacity through the consortium, which will be led by Syndicate 1971, to create a “facility f...
Posted: Apr 13, 2023
Insurance-linked securities (ILS) issuance is picking up due to capital constraints in the traditional market, although at higher pricing than traditional indemnity pricing, Gallagher Re reports. The broker’s 1st View report notes that the initial...
Posted: Apr 13, 2023
Swiss Re has announced that its shareholders have approved all proposals put forward by its Board of Directors at its Annual General Meeting (AGM). According to Swiss Re, the vast majority of shareholders (98.12%) approved the proposal of the Boar...
Posted: Apr 13, 2023
Third Point CEO Daniel Loeb has said he will explore options to take specialty re/insurer SiriusPoint private, in an effort to improve the company’s financial position and better execute on its turnaround strategy. Loeb outlined his plans in...
Posted: Apr 13, 2023
Trium Cyber, a Lloyd’s services company providing cyber insurance, risk management, and claims adjudication services, has launched an excess cyber program powered by Origami Risk’s multi-tenant SaaS P&C insurance core solution suite. Through t...
Posted: Apr 13, 2023
P&C re/insurer Sompo International has appointed Jamie Cañellas as Country Manager of its insurance operations in Spain and Portugal. Cañellas most recently served as Head of Distribution for Europe, having first joined Sompo International in...
Posted: Apr 13, 2023
Howden M&A, the international M&A insurance broker, has reported that the “boom” in merger and acquisitions (M&A) activity continues to play out as deal makers look to take advantage of the uncertain economic environment. The broker’s...
Posted: Apr 13, 2023
Cyber underwriter Core Specialty has announced the launch of a new program with Core Specialty to support the expansion of the Excess Tech E&O and Cyber product with additional capacity. This program is Core Specialty’s first offering in the C...
Posted: Apr 13, 2023
French digital B2B2C insurer Wakam has unveiled a revamped governance structure by appointing Catherine Charrier-Leflaive as CEO, and Olivier Jaillon as Chairman of the Board of Directors. The duo both possess a significant track record within the...
Posted: Apr 13, 2023
Moody’s Investors Service reports that its outlook for the Belgian property and casualty (P&C) insurance sector looks bleak, with high inflation to push up claims and operating expenses, while intense competition could hinder industry efforts...
Posted: Apr 13, 2023
Beat Capital Partners, a long duration investor specialising in the insurance industry, has named Ajay Ganger as Head of Actuarial and Exposure Management. Ganger is an experienced actuary who first joined Beat back in March 2020. Before this, he...
Posted: Apr 13, 2023
GuideOne Insurance, a provider of property and liability insurance and risk management solutions, has promoted Paul Knutson to the leadership team as Senior Vice President of alternative distribution and reinsurance. The company has confirmed that...
Posted: Apr 13, 2023
Driven in part by the rise in losses from what is being defined in the industry as secondary perils, insurers and reinsurers are increasingly confronted with the physical impacts of climate change. However, the challenges are more than just concer...
Posted: Apr 12, 2023
Gemini Financial Holdings Corporation (GFHC), the parent company of Olympus Insurance Company (OIC), has announced that Tim Stroble has been appointed as Chief Executive Officer (CEO) at the business. The insurance veteran joins Olympus after havi...
Posted: Apr 12, 2023
Kin, a direct-to-consumer digital home and property insurer, has announced its expansion into Mississippi, a state that has been hit by a fair number of powerful tornadoes due to its location. In 2022, Mississippi was hit with 184 tornadoes and ra...
Posted: Apr 12, 2023
Reinsurance pricing and placing platform, Tremor Technologies, has launched a new division called Tremor Public, designed to address pressures facing residual insurance markets which are publicly funded insurers of last resort, when coverage in th...
Posted: Apr 12, 2023
IQUW, a property and specialty re/insurer has promoted Tristram Prior to the role of Lead Underwriter Financial Institutions – Professional Lines. Based in London, this new role is a significant step up from Prior’s previous role of Senior Underwr...
Posted: Apr 12, 2023
AM Best’s “First Look” report provides early insight into the financial state of the US life and annuity industry for 2023. The data in this report is consolidated from companies whose 2022 annual statutory statements were received by April 3, 202...
Posted: Apr 12, 2023
Analysts at KBW have reported that homeowners renewal rate increases are picking up steam, having accelerated to an estimated 5.9% in March. KBW notes that most homeowners insurers are raising rates, likely due at least in part to expected increas...
Posted: Apr 12, 2023
VIG Re, the reinsurance company of Vienna Insurance Group, has appointed Dana Bohatová Chládková as Chief Actuary and Head of Reserving. Chládková will become a member of VIG Re’s senior management team and will report to Johannes Martin Hartmann,...
Posted: Apr 12, 2023
The world’s oldest insurance and reinsurance marketplace, Lloyd’s, has launched the Lloyd’s Private Impact Fund on its market investment platform, and appointed Schroders Capital, the specialist private assets investment arm of S...
Posted: Apr 12, 2023
Global professional services firm Aon has announced the appointment of Sarah E. Smith, a former member of the Management Committee of The Goldman Sachs Group, Inc., to its Board of Directors. Lester B. Knight, chair of Aon’s board, has prais...
Posted: Apr 12, 2023