Reinsurance News
Following the live launch of the Placing Platform Limited (PPL) Next Gen platform this week, Lockton has announced that it has bound the first risk on the platform with Markel International. The risk was placed by Lockton’s Profin team and was 100...
Posted: Mar 08, 2023
Industry veteran Neville Ching has launched ReFlex Solutions Ltd, an independent reinsurance brokerage with operations in Bermuda and plans for expansion into London and the USA. Ching, CEO and Founder of ReFlex, commented, “ReFlex has been a year...
Posted: Mar 08, 2023
Lloyd’s, the specialist insurance and reinsurance marketplace, is poised to report a better than expected combined ratio of 91.9% for full year 2022, although an investment loss of £3 billion is expected to result in a full year loss before...
Posted: Mar 08, 2023
Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has announced that Tracy Ryan will join its Board of Management as Chief Regions and Markets Officer for North America She succeeds William Scaldafe...
Posted: Mar 08, 2023
Specialty insurer and reinsurer Ascot has announced that it plans to use software from reinsurtech specialist Supercede to prepare and manage its reinsurance treaty placements going forward. Ascot undertook the scaled pilot of Supercede’s product...
Posted: Mar 08, 2023
Specialist insurer and reinsurer Hiscox is taking steps to capitalise on global economies’ increasing interest and investment in transition and green technologies with a new environmental, social and governance (ESG) syndicate, the company r...
Posted: Mar 08, 2023
Legal & General has reported strong results for 2022, seeing operating profit rise 12% to £2.5bn, with an estimated Solvency II coverage ratio of 236%. Earning per share (EPS) also increased 12% from the previous year to 38.33p, while return o...
Posted: Mar 08, 2023
Analysts at specialist insurance intermediary New Dawn Risk have concluded in a new report that parametric insurance solutions will become more widely adopted for agriculture and natural catastrophe risks going forward. In the report, analysts not...
Posted: Mar 08, 2023
Howden Tiger, the reinsurance arm of international re/insurance broker Howden, has appointed Minesh Jani to lead its Treaty Reinsurance team in the Middle East, Africa & India region. In the role, Jani will hold responsibility for growing Howd...
Posted: Mar 08, 2023
Insurer and reinsurer Hiscox has today announced underwriting profit of $269.5 million for 2022, its highest since 2015, despite the impacts of elevated large natural catastrophes and man-made losses. Year-on-year, the underwriting result across t...
Posted: Mar 08, 2023
Global specialist insurance company Tokio Marine Kiln (TMK) has announced the appointment of Will Green as Divisional Head of War within its aviation underwriting team. His appointment marks the creation of a dedicated aviation war team for TMK, f...
Posted: Mar 08, 2023
Global reinsurance broker Gallagher Re has appointed Shilpa Pankaj to its team in Singapore as Executive Director and co-head of agriculture for its International division, which spans Asia Pacific, EMEA and Latin America. Pankaj holds over a deca...
Posted: Mar 08, 2023
Specialist financial and professional lines MGA Spring Insure has announced the promotions of Jamie Boyd and Tom Hodgson to Senior Underwriters at the firm’s Guernsey office, while Jacob Gunn progresses to Assistant Underwriter at the London...
Posted: Mar 08, 2023
The combined market share of state-owned general insurers in India has dropped from 51.3% in 2017 to 40.8% in 2021, while gross written premiums (GWP) of private insurers grew by 15.7% during this time, suggests a new report from GlobalData. Along...
Posted: Mar 08, 2023
Liberty Specialty Markets (LSM), has announced the promotion of Rachael Lukehurst to the newly created role of Head of Private Equity, effective immediately. In the role, she will be based in London, and will report to Mark Stephenson, Head of Bus...
Posted: Mar 08, 2023
In a new report from AM Best, the rating agency has announced that it is maintaining its Stable market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC)-comprising Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Ar...
Posted: Mar 08, 2023
Bermuda-based pure-play reinsurance company, Conduit Re, has hired Mario Binetti from reinsurance broker BMS Re to the new role of Head of Casualty. Binetti currently serves as Head of Casualty Treaty and Actuarial at BMS Re, having previously hel...
Posted: Mar 07, 2023
Specialty insurer and reinsurer SiriusPoint and Arcadian Risk Capital, a Bermuda domiciled Managing General Agent (MGA) backed by the former, have extended their multi-year partnership through 2026 as Arcadian looks to continue with its ambitious...
Posted: Mar 07, 2023
Guy Carpenter, Swiss Re Corporate Solutions, and ICEYE are set to provide technical assistance to the Centre for NYC Neighborhoods (CNYCN) on a new parametric product to protect high-flood-risk NYC neighborhoods. CNYCN has launched the new pilot p...
Posted: Mar 07, 2023
Greenlight Re has announced that Faramarz Romer, the firm’s current Chief Accounting Officer and Treasurer, will be appointed Chief Financial Officer, effective as of April 1, 2023, succeeding Neil Greenspan, who is leaving the company on Ma...
Posted: Mar 07, 2023
Sompo International has appointed Nicolas Burnet as the new Chief Financial Officer (CFO), replacing company veteran Michael McGuire, who has decided to step down. Burnet joins Sompo International from Partner Re, where he most recently served as...
Posted: Mar 07, 2023
Specialist re/insurance broker, Miller Insurance Services LLP, has appointed David Porter as Account Executive within its Bermuda office. Based in Bermuda, Porter brings nearly 20 years of industry experience towards his new role, having held mult...
Posted: Mar 07, 2023
In a new report from CyberCube, the risk analytics specialist anticipates that there will be further attempts to compromise IT supply chains and geopolitical targets such as government agencies and non-government organizations. In CyberCube’s Glo...
Posted: Mar 07, 2023
Guidewire Software, a platform provider for property and casualty re/insurers, has reported a net loss of $9.2 million for the second quarter of fiscal year 2023, compared with $40.7 million for the same period in the previous fiscal year. Similar...
Posted: Mar 07, 2023
More than 13,000 claims at an estimated value of $196 million have been lodged for flood damage in New South Wales since mid-November, 2022, says a report from the Insurance Council of Australia. On November 16, the ICA declared the floods a ̶...
Posted: Mar 07, 2023