Reinsurance News
KM Dastur Reinsurance Brokers has appointed Anant Tiwari to the role of General Manager – Climate Risk Adaptation and Insurance, based in New Delhi, India. The company is a leading insurance and reinsurance broker in Asian, African and Middl...
Posted: Mar 22, 2023
US brokerage and advisory firm The Plexus Groupe has selected CyberCube’s Broking Manager cyber risk analytics platform to quantify its cyber risk decisions. The broker – who offers comprehensive benefits, commercial insurance, HR and retire...
Posted: Mar 22, 2023
A new report by the Global Federation of Insurance Associations (GFIA) has flagged some of the most pressing insurance protection gaps facing the world currently, and explored ways to help close them. Among the largest annual global protection gap...
Posted: Mar 21, 2023
Risk services firm Applied Underwriters and Concirrus, an AI insurtech, have entered a long-term alliance to develop and provide multiple product lines of extraordinary technology driven solutions to re/insurers and other risk-based entities acros...
Posted: Mar 21, 2023
EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has expanded its Financial Services division with the creation of its newly formed Insurance Capital Solutions (ICS) gro...
Posted: Mar 21, 2023
CompScience Insurance Services has announced a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies. Josh Butler, Founder and CEO, CompScience, commented, “We are please...
Posted: Mar 21, 2023
Generali UK Branch has opted for Supercede to prepare and manage its reinsurance data, including data cleansing, preparation, and validation. According to the announcement, choosing to use the Supercede platform will significantly speed up General...
Posted: Mar 21, 2023
Analysts at AM Best have reported that the US Life/Annuity (L/A) insurance segment remains well-positioned to meet challenges in 2023, supported by high levels of risk-based capitalization, strong liquidity profiles, and robust sales in annuity pr...
Posted: Mar 21, 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced changes in the leadership of its most influential committee and an expansion of its working groups’ focus areas, drawing on the professional talent of member companies. The fi...
Posted: Mar 21, 2023
Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, has appointed Sara Steiner to the role of US Specialty Casualty Treaty Manager. Steiner brings over 18 years of insurance experience to her new role, almost three of them at LM Re...
Posted: Mar 21, 2023
The Bermuda Monetary Authority (BMA) has announced that it has appointed Toby Mason as the Authority’s next Chief Operating Officer (COO). In the role, he will report to Deputy Chief Executive Officer, Shanna Lespere. As COO, Mason will oversee BM...
Posted: Mar 21, 2023
NSM Insurance Group has completed its acquisition of Sequoia Reinsurance Services, IOA Re and its divisions Rockport Benefits and Insurance Resources and Auditing Services, subsidiaries of ELMC Risk Solutions, a portfolio company of J.C. Flowers &...
Posted: Mar 21, 2023
Industrial insurer HDI Global SE has reported double-digit growth in gross written premiums and an improved combined ratio for 2022, underpinned by strong performances in liability and property lines, as well as new business growth in its specialt...
Posted: Mar 21, 2023
Reinsurance firm QBE Re has announced that it has appointed Debbi Wood as Head of Claims, subject to regulatory approval. Wood will start her new role in April, where she will report to Mike East, Claims Director, QBE Europe. The new role will als...
Posted: Mar 21, 2023
SCOR Syndicate has announced its 2022 results reporting a combined ratio of 90.1%, a strong underwriting profit of £22.6m and improved gross written premiums (GWP) that reached £306.2m. Overall, the carrier reported improved results, which accordi...
Posted: Mar 21, 2023
Zurich-based catastrophe insurance data provider PERILS has released its first estimate of industry loss from the recent Kahramanmaras Earthquake Sequence that hit Turkey and Syria, placing it at $3.5 billion (TRY 65.4 billion). A Mw 7.8 magnitude...
Posted: Mar 21, 2023
Aviation lines face challenging reinsurance renewals in 2023, yet specialty lines continue to provide reinsurers with opportunities, according to Aon’s Global Head of Specialty and Aviation, Mark Skilton. Having experienced complex and challenging...
Posted: Mar 21, 2023
Tokio Marine HCC International (TMHCCI) has announced the appointment of two Senior Risk Underwriters, Karen Crowley and Arwel Roberts, to its UK Trade Credit division. With over two decades of experience in Trade Credit, Crowley joins TMHCCI from...
Posted: Mar 21, 2023
AM Best has warned that the ratings of re/insurers in Europe, the Middle East and Africa (EMEA) have been more sensitive to market events in 2022 than in previous years. In particular, heightened geopolitical tensions, the rise in global inflation...
Posted: Mar 21, 2023
European P&C insurance run-off specialist Marco Capital has announced a Loss Portfolio Transfer (LPT) transaction regarding a portfolio of UK Motor insurance claims. Marco will provide a cover of up to £200m in claims reserves, while its Syndi...
Posted: Mar 21, 2023
Relativity6, an AI solutions provider for insurance companies, has launched a new tool to detect risk in commercial insurance submissions. The firm also announced a number of new hires and the promotion of Jonathan Ringvald to Chief Product Office...
Posted: Mar 21, 2023
Crum & Forster (C&F) Accident & Health (A&H) has promoted both Susan Silfen and Gary Nidds to newly created Executive Vice President positions. The firm stated that both promotions acknowledge the extensive operational growth withi...
Posted: Mar 21, 2023
Cyber disaster recovery firm Fenix24 has announced a $5 million investment by Eos Venture Partners, a prominent insurtech investor. Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on r...
Posted: Mar 21, 2023
Analysts at Swiss Re have warned of continued claims severity pressures for property and casualty (P&C) re/insurers over the coming year, although the firm says that claims growth will ease slightly alongside a moderation in inflation. Swiss R...
Posted: Mar 20, 2023
Acrisure Re, the reinsurance division of global insurance broker Acrisure, has appointed Chris Jones as Head of Marine and Space. An experienced veteran within the industry, Jones joins Acrisure Re from Ed Broking, where he previously held the rol...
Posted: Mar 20, 2023