Reinsurance News
Swiss Re Corporate Solutions, the commercial direct risk underwriting arm of Swiss Re, has appointed Lisa Butera as Head Financial & Professional Lines (FinPro) and Casualty North America. Starting her new role on July 17, Butera will also joi...
Posted: Apr 12, 2023
Automated hardening techniques have the greatest ability to decrease the likelihood of a successful cyberattack, recent research by global brokerage Marsh McLennan has revealed. The broker’s report – titled Using data to prioritise cybersecu...
Posted: Apr 12, 2023
According to the WTW Energy Market Report of 2023, Downstream insurers faced an extremely late and punitive reinsurance market. The renewal season has been one of the toughest reinsurance renewal seasons on record. This is an unusual phenomenon in...
Posted: Apr 12, 2023
AXA Climate, an entity of the AXA group dedicated to climate and environmental adaptation, has launched a new functionality on its Altitude platform, aimed at providing private equity investors with a comprehensive assessment of climate, carbon an...
Posted: Apr 12, 2023
Zurich Insurance Group has announced it is providing climate training materials and teaming up with carbon accounting firm Normative to offer free access to the Business Carbon Calculator. According to the statement, these will help suppliers unde...
Posted: Apr 12, 2023
Financial services company, Horace Mann Educators Corporation has appointed Stephen J. McAnena as Executive Vice President and Chief Operating Officer, effective May 8, 2023. In the roles, McAnena will work closely with Marita Zuraitis, Horace Man...
Posted: Apr 12, 2023
RSA Insurance has appointed Ade Adeyemo to head up construction for its UK risk consulting team, replacing Trevor Chainey, who is due to retire after a 45-year career. Adeyemo is a qualified Chartered Civil Engineer with more than three and a half...
Posted: Apr 12, 2023
TransRe, a reinsurance company wholly owned by Alleghany Corporation, has appointed Julien Mollinier as President of EMEA to further expand its Continental European business. In the role, Mollinier will be based in Zurich and will oversee all Tran...
Posted: Apr 12, 2023
Specialty insurer MS Transverse Insurance Group, has appointed Paul Goodwin as Head of Reinsurance Strategy, who was previously Head of Business Development. Goodwin joined Transverse in 2022 after having worked at Partner Re for over four years....
Posted: Apr 12, 2023
Aspect Labs has emerged from stealth mode and fully launched with backing from Everest Re and AmTrust, with a focus on writing hard to place small to mid-market property re/insurance across the UK and Europe. The startup will initially begin in th...
Posted: Apr 12, 2023
The April 1 reinsurance renewals saw a better alignment of client and reinsurer expectations in Japan in the casualty market, according to Gallagher Re’s 1st View report. For Japanese buyers, both client and reinsurers expectations were bett...
Posted: Apr 12, 2023
The Australian Reinsurance Pool Corporation (ARPC) has declared that a cyclone event has begun in relation to Tropical Cyclone Ilsa. Christopher Wallace, Chief Executive of ARPC, has specified that the cyclone began on 11 April at 4:00 PM (AEST),...
Posted: Apr 12, 2023
French reinsurer SCOR has released a set of financial targets and assumptions for 2023 amid the transition to the new IFRS 17 accounting framework, which it says will notably allow it to disclose the full value of its risk portfolio. As of Q1 2023...
Posted: Apr 12, 2023
Fitch Ratings’ new report on UK life insurers’ fundamentals for 2022 indicates the market has remained strong, despite financial market volatility and elevated inflation. “Insurers’ new business volumes and underlying operating performance w...
Posted: Apr 12, 2023
India’s property catastrophe pricing increased by double digits at this April’s renewal, a significant uplift for the market by historical standards, and higher than those seen in Japan, suggests Aon. Aon’s analysts explain that...
Posted: Apr 12, 2023
Global data analytics and technology provider, Verisk has unveiled a new rating engine that it says allows for insurers to transform the complex process of developing new commercial lines products. The firm’s new cloud-based rating engine, k...
Posted: Apr 12, 2023
Global insurance industry collaboration ClimateWise has published a report where it has mapped out a path to help guide reinsurers and insurers to integrate environmental protection as climate change worsens the frequency and severity of natural d...
Posted: Apr 12, 2023
International loss adjusting business Charles Taylor Adjusting (CTA) has announced a new associateship with INCOK Loss and Average Adjusters in Korea. Charles Taylor says the collaboration will enable it to meet a growing client demand for its ser...
Posted: Apr 12, 2023
J.B. Boda Viva Indonesia Reinsurance Brokers announce Ricky S. Natapradja as their new Chief Executive Officer. Natapradja is a market veteran with more than 20 years of experience working in the Asia Pacific Region, the majority of which has been...
Posted: Apr 12, 2023
According to BMS Re, a specialised reinsurance broker, and available industry data, it is estimated that the insured losses caused by severe weather events such as hail, tornadoes, and thunderstorm wind gusts in the US during the first-quarter amo...
Posted: Apr 11, 2023
Insurance brokerage Brown & Brown has announced the appointment of Robert Mathis as Chief Legal Officer and as a member of its senior leadership team. Before joining Brown & Brown, Mathis served as a Senior Vice President for KBR, where he...
Posted: Apr 11, 2023
N2G Worldwide Insurance Services, LLC has hired Kevin Strong, former Head of Multinational Business of The Hartford, as its new CEO, replacing retiring Bill Skapof, who led N2G since its foundation in 2020. Strong has over two decades of industry...
Posted: Apr 11, 2023
Specialty insurer and reinsurer Ascot has announced the appointment of Mark Totolos as Senior Vice President, Captive Solutions, Ascot US. Totolos will be a part of the Portfolio Solutions group and will report into Tony Lyons, Head of Portfolio S...
Posted: Apr 11, 2023
Fitch Ratings views the Reinsurance Group of America’s (RGA) entrenched market position and long track record in the global reinsurance market “favourably”. This news follows Fitch’s outlook revision for RGA to positive from stab...
Posted: Apr 11, 2023
Westland Insurance, an independent insurance broker, has expanded its property and casualty (P&C) practices with three acquisitions in April, which include Haggett & Rogers Group of Companies, BMT Insurance Brokers Limited, and Dimensions...
Posted: Apr 11, 2023