Reinsurance News
Liberty Specialty Markets (LSM) has been ranked as the leading London Market insurer brand based on data compiled by Insurindex, which looked at a combination of market share and brand awareness factors. Notably, LSM climbed five places up the bra...
Posted: Mar 07, 2023
AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has appointed Christopher Gray as Global Head of Marine Reinsurance. Based in London, Gray is a very well respected leader within the marine protection and indemn...
Posted: Mar 07, 2023
According to provisional general insurance claims data released by the Insurance Council of New Zealand (ICNZ), insurers have paid around NZ$111 million for the Auckland Anniversary Weekend flood event that started on January 27, 2023. “While it i...
Posted: Mar 07, 2023
MS Reinsurance, part of insurance group MS&AD and domiciled in Switzerland, has appointed Serge Taleb to the role of Chief of Staff. Prior to his new position, Taleb held the role of EMEA Property Product Lead at MS Amlin for almost four years...
Posted: Mar 07, 2023
Specialty insurer and reinsurer Inigo has announced that it will use the Renew platform from insurtech hyperexponential in an effort to enhance its pricing capability and increase operational efficiency. Inigo intends to integrate Renew with all i...
Posted: Mar 07, 2023
Global reinsurance giant Swiss Re has secured its second multi-year stop-loss transaction with funding led by J.P. Morgan, providing the reinsurer with USD 700 million in underwriting protection as it targets profitable growth in an attractive rei...
Posted: Mar 07, 2023
The pension scheme buy-in market is expected to exceed record highs of £50bn every year for the foreseeable future and could top £70bn in some years, says a report from pensions and financial services consultancy Hymans Robertson. The firm notes t...
Posted: Mar 07, 2023
Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance advisor Pro Global Holdings, has announced that it is extending its partnership with UK-based Calibrant Limited. Calibrant specialise...
Posted: Mar 07, 2023
AXA XL has partnered with Document Crunch to offer a Contract Review Benchmarking service for construction insurance clients in North America. According to AXA XL, this new service uses industry data on key contract terms to provide its constructi...
Posted: Mar 07, 2023
As artificial intelligence (AI) and machine learning technology continues to grow and expand within the industry, Patrick Greene, Vice President of Data at Munich Re Automation Solutions suggests that, eventually, AI must be “fully integrated” int...
Posted: Mar 06, 2023
Ascot US has announced a new structure for its Casualty business, which will be led under the strategic direction of Jeff Canfield, EVP, Head of Casualty. The specialty re/insurer has confirmed that its E&S Casualty, Excess Casualty, and Envir...
Posted: Mar 06, 2023
Chinese insurer Ping An has confirmed that its reinsurance arrangements will cover part of the large loss it expects to incur from the fire that recently engulfed the under-construction Kimpton Hotel in Hong Kong. A fire broke out on the construct...
Posted: Mar 06, 2023
With strikes, riots and civil commotion (SRCC) around the world expected to rise, businesses need to remain vigilant about the different threats this heightened risk environment can pose, as this can result in significant loss of income, according...
Posted: Mar 06, 2023
In an interview with our sister publication as part of the Artemis Live series of video interviews, Arthur Wightman, territory leader for PwC Bermuda, discussed what he describes as one of the hardest reinsurance markets. “The reinsurance in...
Posted: Mar 06, 2023
Global professional services firm Aon has announced the appointment of Nolwandle Mgoqi as Chief Executive Officer (CEO) for South Africa, effective today. Before joining Aon, Mgoqi held various executive roles in the financial services sector, inc...
Posted: Mar 06, 2023
Enstar has appointed Orla Gregory as president following the retirement of Paul O’Shea, which came into effect on March 1, 2023. The company announced his planned retirement in the summer of 2022, and has since provided a smooth transition of lead...
Posted: Mar 06, 2023
Reinsurance broker Gallagher Re, has announced that it has acquired the business and assets of Bay Risk Services Limited, a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay R...
Posted: Mar 06, 2023
The Placing Platform Limited (PPL) Next Gen platform has gone live for the London market today following several delays to its roll-out. The platform aims to improve the original PPL single market solution for electronic placing that allows broker...
Posted: Mar 06, 2023
Global reinsurer Ariel Re has secured $270 million of capital from investors as it looks to take advantage of exciting growth opportunities in the year ahead. The new capital was raised from five new institutional investors and family office inves...
Posted: Mar 06, 2023
London decoy computers were attacked 91 million times in January, of which 77 million were attempts to hack into remote desktop connections used by employees working out of office, according to new data from cyber insurer Coalition. Computers spec...
Posted: Mar 06, 2023
Independent specialist re/insurance broker BMS has strengthened its service offering across its energy lines, naming Alex Collier and Josh Saggers as directors and Andrew Vertigan as a senior account handler. Based in London, the trio will assume...
Posted: Mar 06, 2023
A recent survey on the future of the insurance industry conducted by ACORD has shown that increased sophistication in technologies like AI, machine learning, and the Internet of Things (IoT) is projected to have a large impact on the industry. The...
Posted: Mar 06, 2023
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager, the firms Software-as-a-Service (SaaS) solution designed specifically for insurance brokers. The firm explained that...
Posted: Mar 06, 2023
Munich Re Green Tech Solutions Team and WTW’s Power and New Energy Team have partnered with DAS Solar on PV (Photovoltaic) Module Warranty Insurance. DAS Solar states that as a reinsurance market leader, Munich Re’s policy acts as a st...
Posted: Mar 06, 2023
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the launch of Cowbell 365, an around-the-clock service that offers policyholders support for risk improvement and incident response. The new service w...
Posted: Mar 06, 2023