Reinsurance News
S&P Global Ratings has affirmed its ‘A+’ long-term insurer financial strength and issuer credit ratings on SCOR SE and related core subsidiaries despite the company reporting a €301m net loss for the full-year 2022 and a drop in ca...
Posted: Mar 14, 2023
Italy-headquartered insurer Generali has reported a record operating result of €6.5 billion for 2022, helped by a significant improvement in its Life segment results, as well as premium growth in Property and Casualty (P&C). The overall operat...
Posted: Mar 14, 2023
Cyber insurance provider Coalition is set to enter the excess cyber insurance market in the United Kingdom, to help protect businesses with enhanced coverage. By doing this, the firm will be able to help more businesses obtain the coverage they ne...
Posted: Mar 14, 2023
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Olivier Reiz to the role of General Manager Insurance, France. Based in Paris, Reiz will be responsible for leading the LSM team in the count...
Posted: Mar 14, 2023
Specialist professional services and technology firm Davies has announced the appointment of David Leedham as Group Chief Transformation Officer. Leedham joined Davies in 2018, through the acquisition of the Ember Group, a customer experience (CX)...
Posted: Mar 14, 2023
Singapore insurer Singlife has selected Citi and BlackRock Aladdin to enhance its asset management capabilities across its front, middle and back-office offering. Singlife’s partnership with Citi and BlackRock Aladdin aims to provide clients with...
Posted: Mar 14, 2023
US commercial insurance prices rose again in the fourth quarter of 2022, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), with the aggregate commercial price change measured at 4.8%. The survey compared prices charged on polic...
Posted: Mar 13, 2023
Insurtech Betterview and Carpe Data have partnered to provide business occupancy data to P&C insurers. Founded in 2016, Carpe Data is an online data provider focused on utilising alternative and emerging data for insurance carriers to maximise...
Posted: Mar 13, 2023
Global insurance broker Lockton has named Kevin Haas as Senior Vice President and Unit Manager for the Pittsburgh and Cleveland markets. Haas holds over two decades of experience in the insurance industry, having most recently served as SVP, Corpo...
Posted: Mar 13, 2023
Ceres Imaging, a data analytics company that builds AI-driven solutions to protect yields and advance climate resiliency, has released its Risk Solutions product suite, designed to power risk models for agriculture re/insurers and lenders. The new...
Posted: Mar 13, 2023
The credit and political risk insurance market (CPRI) remains resilient with record capacity amidst global political and economic uncertainty, according to a survey by global advisory, broking, and solutions company, WTW. Fifty-eight insurers acro...
Posted: Mar 13, 2023
As environmental, social and governance (ESG) adoption continues to accelerate in the reinsurance and insurance-linked securities (ILS) world, the focus right now is on the environmental side of things amid the urgent need to transition to a low c...
Posted: Mar 13, 2023
Super-regional property & casualty insurance holding company, Heritage Insurance Holdings, Inc., has appointed Paul Whiting to its Board of Directors, effective immediately, to fill a recent vacancy. Whiting brings several decades of public co...
Posted: Mar 13, 2023
New data released by The Reinsurance Association of America (RAA) shows an 8.6% increase in net premiums written by US property and casualty (P&C) reinsurers over 2022. The data, collected by RAA from 17 reinsurers globally, also shows that th...
Posted: Mar 13, 2023
Global specialty insurer Ryan Specialty has promoted Michael VanAcker to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty, effective immediately. In the role, VanAcker will work closely...
Posted: Mar 13, 2023
Although insurers’ exposure to the banking sector extends beyond stock impacts, providers of life insurance are less vulnerable to the kind of short-term volatility seen with the failure of Silicon Valley Bank (SVB), according to AM Best. Th...
Posted: Mar 13, 2023
Catastrophe loss aggregator PERILS has released a fourth and final industry loss estimate of AUD 6.53 billion, for the devastating Eastern Australia floods that occurred over February and March in 2022. This update represents a slight increase ove...
Posted: Mar 13, 2023
Patrick Tiernan, Chief of Markets at Lloyd’s, says the insurance and reinsurance marketplace has a duty to provide leadership in the cyber market and ensure sustainable underwriting practices. With the cyber market set to continue it’s rapid growt...
Posted: Mar 13, 2023
Life consolidator Phoenix Group has appointed Piero Cocevar as its interim Head of Insurance Risk and Reinsurance Oversight. In 2015, Cocevar joined the Group as Senior Manager – Consolidation and Analysis at ReAssure, one of the Phoenix Gro...
Posted: Mar 13, 2023
Property & casualty (P&C) solutions provider, Fleming Insurance Holdings, has selected Origami Risk’s multi-tenant SaaS P&C insurance core solution to enhance its data/analytics capabilities for its liabilities, including workers’ comp...
Posted: Mar 13, 2023
The Microinsurance Network (MiN) has announced that InsurTech veteran Michele Grosso, is joining its Board of Directors. Grosso is the Co-Founder and CEO of Democrance, a global InsurTech firm that has a mission to make insurance accessible and af...
Posted: Mar 13, 2023
Despite anticipating slowly decelerating rate increases throughout 2023, analysts at KBW expect catastrophe-exposed property lines’ rate increases to re-accelerate in response to elevated claim cost inflation and rising property reinsurance...
Posted: Mar 10, 2023
AXA XL Insurance has appointed John Liantonio as Head of Mid-Market Private Equity, ahead of the targeted launch of the company’s US Mid-Market insurance business. Based in New York, Liantonio will report to AXA XL’s Head of US Mid-Market, M...
Posted: Mar 10, 2023
Holding company Tiptree has reported a substantial increase in revenues for 2022, with growth driven to a large degree by the company’s global specialty insurance subsidiary, Fortegra. Revenues increased by 16.4% to $1.4 billion thanks to growth i...
Posted: Mar 10, 2023
The results of the latest Applied Rating Index by Applied Systems show that average premiums for both Personal Auto lines and Personal Property lines increased in Canada year over year in the fourth quarter of 2022. Quarter over quarter, premium r...
Posted: Mar 10, 2023