Reinsurance News
The 2022/2023 aerospace reinsurance renewals season is a chance to re-set retention levels, policy conditions and pricing levels to enable the global aerospace (GA) insurance market to continue to serve its end-user client base, according to Galla...
Posted: Jan 16, 2023
Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has priced its upsized initial public offering (IPO) of 8,952,383 shares of its common stock at a price of $15.00 per share, generating proceeds of around $134 mil...
Posted: Jan 16, 2023
Christian Mumenthaler, Group Chief Executive Officer at Swiss Re, has suggested that despite COP27 negotiations leaving plenty of unfinished business, he remains “optimistic” that societies will be willing to set aside differences to a...
Posted: Jan 13, 2023
AXA XL has added three new colleagues to its Americas Marine Insurance business, namely Jonathan Lacorazza as Head of Hull, Carol Warfel as Senior Underwriter, Inland Marine and Cy Villarosa as Associate Underwriter, Inland Marine. Lacorazza has m...
Posted: Jan 13, 2023
Sompo International, a global provider of commercial and consumer P&C re/insurance, has announced two new leadership appointments for the firm’s multinational crop insurance platform, AgriSompo. Brad Leighton has been named President of AgriSo...
Posted: Jan 13, 2023
A new report by investment management firm Conning has suggested that embedded insurance could make significant inroads into both personal lines and small commercial insurance business, exceeding $70 billion in premium by 2030. In its report, Conn...
Posted: Jan 13, 2023
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has released a whitepaper in which it lays out a path to model catastrophic cyber events in the SME market. According to the announcement, the firm’s goal is to to...
Posted: Jan 13, 2023
Specialist MGA Falvey Insurance Group has announced that it has increased its underwriting capacity from January 1st, via expanded partnerships with its key supporting carriers. In total, Falvey partners with 35 different carriers or syndicates on...
Posted: Jan 13, 2023
Venerable Holdings, Inc., a provider of risk transfer solutions to variable annuity issuers, has announced the appointment of John Herlihy as Senior Vice President, Head of Trading and Co-Head of Hedging. In the new role, Herlihy will have respons...
Posted: Jan 13, 2023
Bermuda domiciled reinsurance and insurance-linked securities (ILS) focused investment fund manager, Aeolus Capital Management., has appointed Benjamin Somers as Managing Director of Business Development at Aeolus Services Corp., the US subsidiary...
Posted: Jan 13, 2023
Intact Financial Corporation, a Toronto-based property and casualty (P&C) insurer, has announced estimated catastrophe losses for Q4 2022 of approximately $143 million, pre-tax. Cat losses in the Canadian segment were: Personal Lines $13 milli...
Posted: Jan 13, 2023
Allianz Australia Insurance Ltd has joined the Cyclone Reinsurance Pool as an insurer customer, the Australian Reinsurance Pool Corporation (ARPC) has announced. According to the announcement, the insurer has joined the cyclone pool for their Home...
Posted: Jan 13, 2023
While reinsurers have thus far managed to defend against a rising tide of natural catastrophe losses, more de-risking efforts, new opportunities and further re-pricing measures will all be required for the market to withstand the challenges of cli...
Posted: Jan 13, 2023
The Worldwide Broker Network (WBN) has announced the appointment of Steven Woods as Global Director of Data, Technology and Security. At the same time, the WBN also announced the promotion of Liz Yovich to Director of Global Engagement and Employe...
Posted: Jan 13, 2023
Clyde & Co is to enter the Italian market as it is opening a new office in the country in the coming months. The global law firm has hired leading Leonardo Giani, a partner from Simmons & Simmons’ litigation and insurance team, to head the...
Posted: Jan 13, 2023
AXA has announced that it has renewed the mandate of the AXA Research Fund for a further five years, appointing Professor Debra Roberts President of the Scientific Board of the AXA Research Fund. Since its launch in 2007, the AXA Research Fund, on...
Posted: Jan 13, 2023
International insurance broker Howden, has announced the appointment of Federico Casini as Chief Executive Officer (CEO) for Howden Italy. In his new role, Casini will lead a business that is now the third largest broker in the country, and that,...
Posted: Jan 13, 2023
Mosaic Insurance has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market. The new address is located within the Dubai International Fi...
Posted: Jan 13, 2023
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, and the Uzbekinvest Export-Import Insurance Company have signed a Master Reinsurance Agreement to su...
Posted: Jan 13, 2023
Analysts at Gallagher Securities have suggested the combination of Hurricane Ian losses, lacklustre returns results, the strong US dollar, and a large number of issuances since 2020 are leaving USD insurance-linked securities (ILS) capital constra...
Posted: Jan 12, 2023
Specialty insurer and reinsurer Convex has announced the promotion of Brian Bissett to Group Chief Finance Officer (CFO) with immediate effect. Bissett joined Convex at its inception in 2019 as Group Chief Actuary and has more than 30 years of exp...
Posted: Jan 12, 2023
Technology-enabled financial services platform, Kuvare Holdings, has announced the formation of Bermuda-domiciled reinsurer, Kindley Re Ltd, which will co-invest at least $400 million with Kuvare in qualifying life insurance and annuity transactio...
Posted: Jan 12, 2023
London-headquartered insurer, Aviva has completed a £400 million buy-in of the Interserve Pension Scheme, securing the benefits of more than 7,000 members. This buy-in follows a £300 million pensioner-only buy-in back in 2014 and means that Aviva...
Posted: Jan 12, 2023
After a transformational 2022, expect to see more of MGA Spring Insure in the months ahead as the company targets greater broker engagement and more distribution activity to support growth, according to its Chief Executive Officer (CEO), Tristan S...
Posted: Jan 12, 2023
Global Risk Solutions, a provider of P&C claims adjusting, complex/large loss, and environmental risk management solutions, has added Richard Booker to its Complex Claims Solutions USA division as Senior Executive General Adjuster. Booker’s 38...
Posted: Jan 12, 2023