Reinsurance News
Patrick G. Ryan, Founder, Chairman and CEO of international specialty insurer Ryan Specialty, has asserted that excess and surplus (E&S) lines will “continue to be a standout within the insurance industry” over the coming year. Writing in an i...
Posted: Mar 28, 2023
INSUREtrust, a cyber insurance and risk management broker within Starwind Specialty, has appointed Florence Levy as Executive Vice President. In the new role, Levy is tasked with expanding the firm’s enterprise and Fortune 500 cyber client f...
Posted: Mar 28, 2023
QIC subsidiary Antares Managing Agency has announced the appointment of Oden Grenville as Antares Syndicate 1274’s Accident and Health Class underwriter. Bringing more than 15 years’ of experience to his new role, Grenville is to start his tenure...
Posted: Mar 28, 2023
Specialist re/insurance broker Miller has appointed Bonifasius Dipati as a Risk Engineer in its Singapore Energy team. Dipati, who is set to join Miller on April 3rd, is tasked with supporting the firm’s clients with risk management advice a...
Posted: Mar 28, 2023
Analysts at Fitch Ratings have assured EU and UK insurers that Credit Suisse’s Additional Tier 1 (AT1) notes full write down by Swiss authorities – without imposing full losses on the bank’s equity – does not imply that the countries’...
Posted: Mar 28, 2023
Commercial real estate asset risk is “not a major concern” for the European re/insurance sector, suggest analysts at J.P. Morgan. Amid increasing investor interest around asset risks, J.P. Morgan has compiled data on European re/insure...
Posted: Mar 28, 2023
Global advisory, broking, and solutions company WTW and Sapiens, a global provider of software solutions for the insurance industry, have announced a collaboration aimed to enhance real-time pricing and speed to market for insurers. Sapiens will j...
Posted: Mar 28, 2023
Analysts at Swiss Re have warned that the magnitude of the Federal Reserve’s monetary tightening measures and a weakening consumer backdrop means that a ‘hard landing’ for the US economy is now “unavoidable”. They note that the Fed’s March F...
Posted: Mar 27, 2023
Swiss-based reinsurer Echo Re has announced it is expanding its Latin America & Caribbean underwriting footprint with the appointment of Bruno Krenboeck and Ariadna Garcia. Based in Zurich, Switzerland, they will both support the further devel...
Posted: Mar 27, 2023
Everest Insurance, the insurance division of Everest Re Group, has appointed Jaime Chaves to lead its insurance operations in Mexico, pending regulatory approval. In the role, he will be based in Mexico City and will report to Pablo Korze –...
Posted: Mar 27, 2023
AmTrust International, the UK and international arm of New York-based insurer AmTrust Financial Services, Inc, has added three new Board members to its international business. The AmTrust Europe Limited (AEL) Board has appointed Nigel Meyer as Ind...
Posted: Mar 27, 2023
Closing the flood protection gap in vulnerable countries will require “massive investments” and new approaches from policymakers and re/insurers, a new report by the Zurich Flood Resilience Alliance has concluded. The report highlights the urgent...
Posted: Mar 27, 2023
Independent Lloyd’s broker Tysers has appointed Mark Moore to lead its Energy Division as Director looking to expand its operations in the class of business. With over 30 years of claims and broking experience, Moore joins Tysers from Primassure w...
Posted: Mar 27, 2023
In its full year results, FG Financial Group has reported that net reinsurance premiums earned rose to $13 million, a substantial increase from $4.9 million in 2021. In Q4 alone, net reinsurance premiums earned jumped to $3.2 million, compared to...
Posted: Mar 27, 2023
MS Reinsurance, part of insurance group MS&AD and domiciled in Switzerland, has appointed Kate McDonald as Chief Strategy Officer. McDonald brings a vast amount of expertise towards her new role, having served across the industry for over 10 y...
Posted: Mar 27, 2023
Acrisure Re, the re/insurance division of insurance broker Acrisure, has announced the appointment of Jennifer D’Arcy as Executive Vice President of its Facultative Reinsurance division. In her new role based in London, D’Arcy will continue buildi...
Posted: Mar 27, 2023
Newly-incorporated, London-based firm, Skyrisks Limited is preparing to launch as a managing general agent (MGA) pioneering comprehensive insurance products for the Advanced Air Mobility (AAM) sector, in partnership with Convex Group Ltd. The part...
Posted: Mar 27, 2023
MS Amlin, Lloyd’s global re/insurer has announced the appointment of Dr Jessica Turner as Head of Risk Analytics who will take on this position effective 26 June 2023. Dr Turner will report to Martin Burke, the Director of Underwriting Performance...
Posted: Mar 27, 2023
AnaCap Financial Partners has announced the sale of a minority stake in portfolio company MRH Trowe to TA Associates two and half years after its initial investment at a 4.3x money multiple. MRHT’s founding managers will remain the largest shareho...
Posted: Mar 27, 2023
Even though banking turmoil will impact insurers’ investment portfolio, their asset-liability management operating framework means they are duration matched, and their “long liquidity” business models implies they are not vulnera...
Posted: Mar 27, 2023
Hannover Re, Munich Re, SCOR and Swiss Re all reported lower earnings for 2022 as high inflation, rising interest rates and climate-related costs led to lower underwriting and investment results, suggests a new report from Fitch Ratings. The ratin...
Posted: Mar 27, 2023
Any reacceleration in D&O pricing will probably remain limited to financial institutions as bank-related D&O claim settlements will likely be prolonged – despite claims being manageable – KBW analyst following a recent call wit...
Posted: Mar 27, 2023
With the capabilities of Chat GPT and artificial intelligence (AI) continuing to advance, this technology is only going to get smarter and potentially more difficult to control as it can be used to facilitate security breaches and increase the sca...
Posted: Mar 24, 2023
Insurance broker and risk advisor Marsh has announced that its current Head of Cyber for the UK and International, Marsh Specialty, Sarah Stephens, will assume the role of US Central Zone Leader on May 1. In this role, she will lead Marsh’s 18 off...
Posted: Mar 24, 2023
Primary mutual insurer USAA has hired two industry leaders as Senior Vice Presidents. Joseph Gates has been named SVP, Chief Risk Officer for the P&C company, and David Selchen has been named SVP, Organizational and Talent Management. Both Gat...
Posted: Mar 24, 2023