Reinsurance News
Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the launch of Horace Agency Limited, a specialist energy underwriter. Horace will focus exclusively on onshore and offshore energy insurance worl...
Posted: Apr 04, 2023
Truist has announced that it has completed its previously announced sale of a 20% stake in Truist Insurance Holdings, Inc., a subsidiary of Truist and the sixth-largest insurance brokerage in the US, to funds managed by Stone Point Capital, a priv...
Posted: Apr 04, 2023
Global life and health reinsurer Reinsurance Group of America (RGA) has reached an agreement with Daido Life Insurance Company, a subsidiary of T&D Holdings, to reinsure 153 Billion JPY of statutory reserves through coinsurance. Simon Armand-S...
Posted: Apr 04, 2023
Global reinsurance broker Gallagher Re, has announced the appointment of Robert McMillan as Renewable Energy Practice Leader within its global marine & energy team. McMillan has over three decades of industry experience, and extensive knowledg...
Posted: Apr 04, 2023
The supply / demand imbalance in the property catastrophe reinsurance market seen at January 1st showed signs of easing at the April 1st renewals, leading broker Aon to be optimistic that the market is “now on a more stable footing following...
Posted: Apr 04, 2023
Helios Underwriting, the Lloyd’s investment vehicle that acquires and consolidates underwriting capacity, has announced the appointment of Martin Reith as an Executive Director of the company and as Chief Executive Officer (CEO) with immediate eff...
Posted: Apr 04, 2023
RISC Financing Platform Services (RISCfp), a financing solutions advisory and platform management company, has announced the inaugural issue of its managed treasury pool (MTP) notes, which will enable insurers, institutional investors, corporate t...
Posted: Apr 04, 2023
RSA Insurance has announced the appointment of Gary Mason as COO Delivery Director, replacing Richard Thompson, who is leaving the firm after serving for more than a decade. Mason is tasked with contributing to the delivery of RSA’s strategic outp...
Posted: Apr 04, 2023
Specialist financial and commercial lines MGA Spring, has announced the launch of a new Commercial Professional Indemnity (PI) binder for businesses in the UK and Europe. According to the announcement, the company’s London and Dublin offices will...
Posted: Apr 04, 2023
Analysts at Fitch Ratings have estimated that the operating profits of French insurers increased by around 3% in 2022, despite broadly flat premium income, although the life and non-life segments showed diverging trends in their results. Fitch obs...
Posted: Apr 04, 2023
Global brokerage WTW has announced the addition of two senior directors, Alan Routhenstein and Noel Harewood, to its Life Insurance Consulting and Technology business within the firm’s Insurance Consulting and Technology (ICT) operation. Both appo...
Posted: Apr 04, 2023
J.B. Boda & Co., the overseas company of the international re/insurance broker J.B. Boda Group, has appointed Aakash Parikh as Deputy Chief Executive Officer. A renowned veteran across the industry, Parikh brings over 20 years of experience an...
Posted: Apr 04, 2023
Analysts at Gallagher Re have warned that the overall reinsurance supply/demand dynamic remains “delicately poised,” as sufficient capital was available to meet client needs during the April renewals, but could prove more constrained in other mark...
Posted: Apr 03, 2023
Global advisory, broking, and solutions company WTW has appointed Jackie Bolig as head of Property and Casualty (P&C), Corporate Risk and Broking (CRB), North America. In her new role, Bolig will focus on client retention, product development,...
Posted: Apr 03, 2023
Leading legacy acquirer, DARAG Group has announced the conclusion of an agreement between an undisclosed Cayman-based captive company and its Bermudian insurance carrier, DARAG Bermuda Ltd. (DBL). According to the announcement, the transaction str...
Posted: Apr 03, 2023
Fortitude Re has announced the closing of two reinsurance transactions with leading Japanese life insurance companies. Both block reinsurance deals, executed through one of Fortitude Re’s Bermuda-based subsidiaries, Fortitude International Reinsur...
Posted: Apr 03, 2023
Senior financial services executive Reeva Bakhshi has joined the leadership team of Mosaic Insurance, as part of the strategic development of the speciality insurer’s corporate division. Bakhshi takes on the role of Chief Financial Officer (CFO) f...
Posted: Apr 03, 2023
James River, a Bermuda-based insurance holding company, has announced the appointment of Todd Sutherland as Senior Vice President of Underwriting, Management Liability, a newly created role. In his new position, Sutherland will be responsible for...
Posted: Apr 03, 2023
In a new report released by AM Best, the rating agency has announced that it is maintaining its negative market segment outlook on Brazil’s reinsurance market. In the report, Best states that Brazil’s reinsurance industry remains somewhat insulate...
Posted: Apr 03, 2023
Central banks will seek to safeguard financial stability amid growing concerns about their ability to weather the higher interest rate environment, which has resulted in raising fears of a credit crunch, the Swiss Re Institute has stated in a rece...
Posted: Apr 03, 2023
Global specialty re/insurer Canopius Group has appointed Sam Harrison as Group Chief Underwriting Officer (GCUO). Within the role, he will report to Neil Robertson – Canopius Group Chief Executive Officer, and he will also join the Canopius...
Posted: Apr 03, 2023
Sun Life Financial has completed the sale of Sun Life UK to Phoenix Group, a London-based long-term savings and retirement business. This transaction will see Sun Life UK’s life and pension policies and annuity blocks for UK Clients move to...
Posted: Apr 03, 2023
Oceanview Reinsurance Ltd., a wholly-owned reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Ahwaz Chagani as Vice President and Chief Financial Officer. A widened veteran across the industry, Chagani brings nearly 18 years of exper...
Posted: Apr 03, 2023
Reinsurance giant Swiss Re’s previously announced streamlined organisational structure, described by the firm as a simpler set-up with shorter decision paths that will result in enhanced client focus, is now live. First announced back in Feb...
Posted: Apr 03, 2023
Firdaus Kasman has been promoted as the new Team Lead for Korea at German reinsurer Hannover Re. This move comes as a part of the company’s streamlining of its P&C operations. Kasman will be expanding his role in managing the Korean P&C tr...
Posted: Apr 03, 2023