Reinsurance News
The North American division of global insurer QBE has announced that Michael Foley has been promoted to the position of President for its Commercial Insurance division. Foley most recently served as the Chief Underwriting Officer for QBE’s C...
Posted: Mar 15, 2023
International General Insurance Holdings Ltd. (IGI), has completed its acquisition of Norway-based managing general agency, Energy Insurance Oslo AS (EIO). The transaction was first announced in August last year, and was originally expected to clo...
Posted: Mar 15, 2023
Global insurance broker Lockton, has appointed Aon’s Brad Zechman and David Salvucci as Co-Leaders of its Life Sciences Practice. Based in Philadelphia, both Zechman and Salvucci will share strategic responsibility for the Practice. As Co-Leaders,...
Posted: Mar 15, 2023
Vienna Insurance Group (VIG) has announced its preliminary results for FY22, which includes a total premium volume of €12.6 billion, exceeding the value of the previous year by €1.6 billion, or 14.1%. VIG noted that the figure includes the newly a...
Posted: Mar 15, 2023
Nine insurance companies have applied to participate in the Insure Louisiana Incentive Program, which forms part of recent legislative efforts to attract insurers back to the market, collectively seeking over $62 million in grant money. The figure...
Posted: Mar 15, 2023
Specialty re/insurer Inigo has published a pre-tax profit of $28.7m for 2022 alongside a combined ratio of 94.4%. In its second full year of operation, the start-up led by Richard Watson, also reported growing Gross Written Premiums (GWP), which i...
Posted: Mar 15, 2023
TransRe, a reinsurance company wholly owned by Alleghany Corporation, has appointed Rory Buckingham as AVP, Accident & Health Manager. Buckingham brings almost a decade of relevant experience to his new role, having spent three years at TransR...
Posted: Mar 15, 2023
Specialty insurer Relm Insurance has announced a new partnership with NetDiligence, a provider of cyber risk readiness and response services, to deliver a suite of cyber risk monitoring solutions. Solutions will be provided to policyholders via au...
Posted: Mar 15, 2023
International insurance broker Howden, has announced its acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein, an independent broker with a portfolio of corporate and private clients. Trading as Howden Liechtenstein AG following comple...
Posted: Mar 15, 2023
Global law firm Kramer Levin has confirmed that Silicon Valley Bank (SVB) has been removed as a letter of credit (LOC) provider for reinsurance credit by the Securities Valuation Office of the National Association of Insurance Commissioners (NAIC)...
Posted: Mar 15, 2023
Talanx Group, the parent company of Hannover Re, has reported a rise in group net income to €1.17bn for the full year 2022 despite total large losses from natural disasters of €1.5bn, the highest volume in the history of the firm. Talanx states th...
Posted: Mar 15, 2023
A new report from Swiss Re Institute has highlighted how there is a lack of inclusion within the life and health insurance markets. According to the report, accessibility is said to be the biggest factor behind a lack of inclusion in emerging mark...
Posted: Mar 15, 2023
International insurance group Ageas has announced it is to sell its French life insurance, savings and pension business. The group is negotiating the sale of Ageas French Life and Pension activities – which consist of Ageas France, Ageas Ret...
Posted: Mar 15, 2023
Catastrophe loss data aggregator PERILS AG has provided an initial estimate of the insurance and reinsurance market loss from the severe flooding that impacted the North Island of New Zealand from January 27th to February 2nd, pegging the total at...
Posted: Mar 15, 2023
Manulife Hong Kong has announced the appointment of Carrie Tong as its Chief Operations Officer for Hong Kong and Macau. In this role, Tong will be responsible for driving operational strategies and leading the company’s core insurance opera...
Posted: Mar 15, 2023
Hong Kong-based global reinsurance company, Peak Re is targeting to expand its presence in the global cyber market with help of cyber risk analytics specialist CyberCube. According to the announcement, Peak Re – which has a global portfolio...
Posted: Mar 15, 2023
Underwriters of directors and officers insurance for startups and venture capitalists, as well as the financial institution insureds supporting them, narrowly avoided financial distress thanks to US Government intervention around the collapse of S...
Posted: Mar 14, 2023
Property and casualty insurer, The Hartford has appointed Shekar Pannala to the newly created role of Chief Information Officer (CIO) for Property & Casualty. With broad technology experience, built over a 30-year career, Pannala will lead tec...
Posted: Mar 14, 2023
Bermuda-based reinsurer Everest Re Group has announced that Brent Hoffman has been appointed as interim General Counsel, replacing Sanjoy Mukherjee who will be leaving the company in April. Hoffman will take up Mukherjee’s responsibilities while E...
Posted: Mar 14, 2023
AXA XL’s Americas Marine insurance business has announced four promotions including Brett Musser to Head of Marine Liabilities for the Americas; Ken Mueller to Head of Inland Marine, Shawn Langenegger to Inland Marine Central Zone Leader and...
Posted: Mar 14, 2023
Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has announced the appointment of Gordon Browne as Global Head of Specialty. Most recently, Browne served as Global Head of Energy & Construction...
Posted: Mar 14, 2023
The Financial Services Commission has announced that it has appointed Michael Yaworsky as the Insurance Commissioner for the Florida Office of Insurance Regulation (OIR). Yaworsky has served as Interim Insurance Commissioner since being nominated...
Posted: Mar 14, 2023
American International Group (AIG) has announced that William G. (Jerry) Jurgensen has decided to retire from the AIG Board of Directors and will not stand for re-election at the company’s 2023 Annual Meeting in May. Jurgensen has served on the AI...
Posted: Mar 14, 2023
Specialist insurance and reinsurance marketplace Lloyd’s has announced a number of changes to its Executive Committee, including the appointment of Bob James as Chief Operations Officer (COO). Previously Lloyd’s Market Transformation Director, Jam...
Posted: Mar 14, 2023
Fubon Life Insurance (Hong Kong) Company Limited, has appointed Patricia Wong as Chief Executive Officer. In the role, she will report to the company’s Board, and will also hold responsibility for spearheading the growth and development of Fubon L...
Posted: Mar 14, 2023