Reinsurance News
Insurtech Cytora has partnered with HDI Global SE, a commercial and specialty insurer focusing on industrial lines, expanding its presence in the German Market. According to the announcement, this partnership aims to streamline global risk process...
Posted: Feb 28, 2023
Global law firm Clyde & Co has announced the appointment of a new team focused on providing services to the MGA market in the UK and a renewed commitment to the Managing General Agents’ Association (MGAA). Rob Crossingham (Professional Indemni...
Posted: Feb 28, 2023
Aquiline Technology Growth has led a $7 million seed round towards newly launched start-up, Oka, The Carbon Insurance Company. The funding round also included Firstminute, a founder-led fund focused on climate tech. The funding is aimed at scaling...
Posted: Feb 28, 2023
Alfonso Valera and Tomas Novotny, CO-CEOs for EMEA at Aon Reinsurance Solutions, have said they are optimistic that capital will begin to enter the reinsurance space over the course of 2023 after “the dust settles” on the turbulent January renewal...
Posted: Feb 27, 2023
Kuvare Holdings has announced the closing of three additional strategic reinsurance transactions over the past two quarters, bringing the total number of completed reinsurance transactions to ten. Kuvare notes that these three most recent transact...
Posted: Feb 27, 2023
Kevin Bogardus has been promoted to Chief Executive of Everest Reinsurance Company, Singapore branch, succeeding Nitin Talwalkar, who is departing the company. In his expanded role, Bogardus will oversee operations for the reinsurance division of...
Posted: Feb 27, 2023
American International Group (AIG), a leading global insurance organisation, has announced that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company. Both appointments are effective March 16,...
Posted: Feb 27, 2023
Amwins, a global distributor of specialty insurance products and services, has announced a new minority investment in Rhodian, an Australian start-up MGA incubator. Rhodian was initially formed in response to what it describes as the “ever-c...
Posted: Feb 27, 2023
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has announced its support towards the proposed enhancements to the regulatory and supervisory regime for long-term commercial insurers, reinsurers and insurance groups on the island....
Posted: Feb 27, 2023
Intact Financial Corporation has announced that the RSA UK Pension Trustees have entered into an agreement with Pension Insurance Corporation (PIC) for Bulk Purchase Annuities with respect to £6.5 billion of RSA UK pension plan liabilities. Accord...
Posted: Feb 27, 2023
Property insurers in New Zealand will see a severe impact on their profitability due to the massive damage caused by Cyclone Gabrielle and the Auckland floods, with insured losses expected to cost over $1bn, according to data and analytics company...
Posted: Feb 27, 2023
Global reinsurer Ariel Re has announced the successful completion of its third catastrophe bond, Titania Re III, which provides it with $125 million of collateralized reinsurance cover for named storms and earthquakes. The bond applies to these pe...
Posted: Feb 27, 2023
British Managing General Agent (MGA), Pen Underwriting has announced the appointment of Seb Simmonds as Managing Director of its Public Sector division, which includes the specialist business Risk Management Partners (RMP). With effect on 1 March...
Posted: Feb 27, 2023
Specialty managing general agency Optio Group has announced the appointment of David Robinson as Chief Executive Officer, effective immediately. Robinson was initially appointed by Optio in March 2022 as Managing Director and since then has worked...
Posted: Feb 27, 2023
Flood and climate risk intelligence provider Fathom has announced that Malcolm Haylock will be joining the firm as Head of Catastrophe Modeling on March 1, 2023. Haylock will be based in Zurich, Switzerland, working closely with Fathom’s glo...
Posted: Feb 27, 2023
Analysts at JP Morgan have reported that the “resounding view” from reinsurers is that the hard market conditions experienced at the January 2023 renewals are “here to stay” for at least the remainder of the year. Looking ahead to the coming renew...
Posted: Feb 27, 2023
Munich Re Automation Solutions has announced that Thai Life Insurance has selected its cloud-based automated underwriting solution, ALLFINANZ SPARK to streamline the process of its life insurance applications. Munich Re Automation Solutions descri...
Posted: Feb 27, 2023
Altai Ventures, an early-stage venture capital firm has closed a $53 million fintech and InsurTech fund. Bain Capital Ventures, Century Equity Partners invested in the fund alongside a number of limited partners across P&C insurance, life insu...
Posted: Feb 27, 2023
In a new report, AM Best has stated that it views the Philippines’ adoption of Own Risk and Solvency Assessment (ORSA) standards as a “positive development” that will elevate the country’s regulations to a higher standard, one more in line with mo...
Posted: Feb 27, 2023
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported an underwriting profit of $244 million across its insurance and reinsurance operations for the fourth quarter of 2022, although for the full year 2022, insur...
Posted: Feb 25, 2023
Joachim Wenning, Chair of the Board of Management at Munich Re, has suggested that the January renewals showed that the firm is “clearly” the preferred reinsurer, citing reliability as an attribute that its clients appreciated. In an a...
Posted: Feb 24, 2023
MAPFRE and Bupa have joined forces to offer international health insurance in Latin America, first in Peru, then in Uruguay and Paraguay, with joint opportunities in other neighbouring countries also being studied. The agreement is set to last for...
Posted: Feb 24, 2023
Alesco Delegated Authority (Alesco DA), a specialist binding authority broker, has launched a dedicated Canadian delegated authorities unit with a triple hire of market specialists. The broker hired Tom Bassett and Alan Daly as Executive Directors...
Posted: Feb 24, 2023
Amanda Lyons, Senior Managing Director, US Casualty at Aon, has contended that the relatively more stable market for casualty reinsurance represented a “silver lining” to an other wise “turbulent” January 1 renewal. Despite wider reinsurance marke...
Posted: Feb 24, 2023
Banking and insurance lawyer Lee Hitge has been appointed Executive Director of Howden CAP, a London-based role. Part of Howden Broking, the division provides a blend of insurance and investment solutions to help manage complex risks and optimise...
Posted: Feb 24, 2023