Reinsurance News
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Tonia Morgan as CFO Reinsurance Bermuda. She joined the company in 2018 as Manager Financial Reporting and Analysis for Alternative Capital before being appointe...
Posted: Jan 12, 2023
QIC subsidiary Antares Managing Agency has announced the promotion of Eddie Hughes to Head of Reinsurance for Antares at Lloyd’s, effective immediately. Hughes brings more than 17 years of experience to the role, which spans across Antares Managin...
Posted: Jan 12, 2023
WTW has announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective 1 January 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as Head of Asia Pacific,...
Posted: Jan 12, 2023
Everest Reinsurance, the reinsurance division of Everest Re Group, has appointed Bobby Kwan as Vice President, Senior P&C Treaty Underwriter for Asia Pacific region, a role based in Singapore. With over three decades of underwriting and manage...
Posted: Jan 12, 2023
Howden Group Holdings has completed the acquisition of TigerRisk Partners (now Howden Tiger), with the firm stating, “Together, we are the world’s fourth largest global reinsurance broker.” Howden also suggested that following th...
Posted: Jan 12, 2023
Australian insurer IAG has announced the renewal of its largest Whole of Account Quota Share (WAQS) agreement, with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, but there have also been key changes to the terms of the rel...
Posted: Jan 12, 2023
Reinsurance risk is one of the Prudential Regulation Authority’s (PRA) priorities for the supervision of life and general insurers in 2023, the Bank of England revealed. Part of the UK’s central bank, the PRA is responsible for the prudentia...
Posted: Jan 12, 2023
The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee met yesterday to recommend the Board set $5.244 billion as the entity’s 1-in-100 probable maximum loss (PML) for the upcoming storm season, which...
Posted: Jan 12, 2023
UK primary insurer Direct Line has said it no longer expects to declare a final dividend for 2022, as total weather claims for the year are estimated at nearly twice its original expectations. The company says it currently expects to pay claims wo...
Posted: Jan 12, 2023
Global risk management platform provider Risk Solved, and Tensorflight, experts in global property risk management data analytics, have announced a new property risk management partnership. By bringing together Tensorflight’s property risk managem...
Posted: Jan 12, 2023
Kettle, a deep-learning powered insurtech company, has announced a number of appointments as well as Amit Shah’s promotion to President of Kettle Limited. With over 15 years of industry experience Brian Espie joins Kettle as Chief Underwriting Off...
Posted: Jan 12, 2023
Bermuda-based Treefrog Consulting, a software development company delivering technology solutions to clients in the international (re)insurance and ILS space, has announced a new partnership with an insurance technology veteran, Gustavo Loret de M...
Posted: Jan 12, 2023
Global Risk Partners (GRP) has acquired Nucleus Underwriting, its first managing general agent (MGA) acquisition since being taken over by Brown & Brown last year. In March 2022, the US broker firm Brown & Brown agreed to buy the insurance...
Posted: Jan 12, 2023
Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world’s largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking...
Posted: Jan 11, 2023
Cyber risk analytics provider CyberCube has confirmed that it acted as a modelling agent for the first private cyber catastrophe bond. CyberCube’s Portfolio Manager was utilized as part of the creation of a $45 million insurance-linked securities...
Posted: Jan 11, 2023
The world is coming to the end of another tumultuous year and the question on everyone’s mind is: what is next for the global economy and the insurance industry? From Swiss Re Corporate Solutions’ vantage point right now, while the firm stil...
Posted: Jan 11, 2023
Markel International, a subsidiary of Markel Corporation, has announced the promotion of Carys Lawton-Bryce to Chief Operating Officer (COO), subject to regulatory approval. According to the announcement, she will also be joining the Executive Com...
Posted: Jan 11, 2023
Reinsurer Swiss Re has appointed former Head of Casualty Underwriting EMEA, Thorsten Steinmann, as the new Head Northern, Central & Eastern Europe. In his new role, Steinmann will be responsible for Swiss Re’s P&C reinsurance operati...
Posted: Jan 11, 2023
Palomar Holdings has entered the crop insurance sector through a new multi-year fronting arrangement with managing general agent (MGA), Advanced AgProtection. According to the announcement, this partnership expands Palomar’s PLMR-FRONT into the $2...
Posted: Jan 11, 2023
AM Best has upgraded the credit ratings of TransRe, a reinsurance company wholly owned by Alleghany Corporation, and removed them from under review with positive implications. The reinsurer, and its subsidiaries, now hold a Financial Strength Rati...
Posted: Jan 11, 2023
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, welcomes Joe Hurd to the Council of Lloyd’s. He will replace John Sununu, who will be stepping away from the Council in May 2023 to focus on his new r...
Posted: Jan 11, 2023
Gen Re Life Corporation, the US life and health division of the multinational reinsurance company, has announced that Harindra Chandrasena has been named as its new President and CEO. Chandrasena joined Gen Re in 2021 as a Vice President, when he...
Posted: Jan 11, 2023
Global financial services provider Apex Group has announced the launch of fund-insurance platform, Apex Protect, in partnership with specialty insurer Mosaic Insurance and Aon. Apex Protect offers enhanced directors and officers (D&O) coverage...
Posted: Jan 11, 2023
The U.S. Federal Emergency Management Agency (FEMA) has completed its 2023 traditional reinsurance placement for the National Flood Insurance Program (NFIP), transferring an additional $502.5 million of flood risk to the private reinsurance market...
Posted: Jan 11, 2023
Specialty insurer Newline Group has announced the appointment of Richard Spotswood as the new head of its Cyber Liability product team. In this position, he will oversee and lead the development of Newline’s global cyber portfolio. Spotswood bring...
Posted: Jan 11, 2023