Reinsurance News
WTW, a global advisory, broking and solutions company, has announced the appointment of Naheed Jaffer as Director and Lead for Pricing, Product, Claims and Underwriting (PPCU) propositions in Canada, within the company’s Insurance Consulting and T...
Posted: Dec 15, 2022
Athora has completed its third capital raise, securing a total of €2.75bn of additional permanent equity capital commitments from new and existing shareholders. The firm said in a statement that the money raised included commitments of over €2bn t...
Posted: Dec 15, 2022
Chubb Limited has appointed Margaret Peloso as Senior Vice President, Chubb Group, Global Climate Officer and Executive Director of the Chubb Charitable Foundation. Peloso joins Chubb from Vinson & Elkins, where she served as the law firm̵...
Posted: Dec 15, 2022
Maxim Ryzhkov has been appointed as CEO of Allianz Trade in China, effective 1 January 2023. According to the firm, Ryzhkov will be leading Allianz Trade in one of the largest and fastest-growing markets in the Asia Pacific region. Before this app...
Posted: Dec 15, 2022
Bermuda-based insurance and reinsurance holding company Fidelis Insurance has announced a series of senior promotions, including the appointment of Charles Mathias as Deputy Chairman. Mathias was most recently Director of Underwriting, having star...
Posted: Dec 15, 2022
Markel International has named Andrew Green as head of underwriting risk, with Emma Higgins taking over from Green as head of catastrophe management. According to Markel, the promotions demonstrate the firm’s commitment to strengthening its...
Posted: Dec 15, 2022
Munich Re, one of Europe’s big four reinsurance companies, has announced the formation of a new Board division designed to further expand its specialty primary insurance business as it looks to become a “powerful global player in this...
Posted: Dec 15, 2022
The directors’ and officers’ insurance (D&O) market has continued a period of stabilisation over the last quarter, according to a recent report by insurance brokerage firm Gallagher. Analysts noted that, due to insurer competition, the record-...
Posted: Dec 15, 2022
German reinsurance giant Munich Re is aiming for a consolidated profit of roughly €4 billion for the 2023 financial year under the new IFRS 17 reporting standard, with profit of around €3.3 billion expected in the reinsurance field of business. At...
Posted: Dec 15, 2022
Allianz Global Corporate & Specialty (AGCS) has released a new report giving its insights for the coming year on the international directors and officers market. The report says that the five trends needed to guard against in 2023 are economic...
Posted: Dec 15, 2022
Almost 30% of directors serving on the International Cooperative and Mutual Insurance Federation (ICMIF) members’ boards are women, according to a new research by the association. The ICMIF Members’ Governance 2022 report found that in 2020, 27.8%...
Posted: Dec 15, 2022
Inigo has priced its second catastrophe bond of the year, securing the company a further $110 million of capital markets backed reinsurance protection. A statement from the firm said Montoya Re II closed this week and is a $110m transaction coveri...
Posted: Dec 15, 2022
Re/insurance broking firm Arthur J. Gallagher & Co have acquired Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insuran...
Posted: Dec 15, 2022
CoreLogic, a global property data and analytics-driven solutions provider, has announced the launch of a new solution to model and mitigate the physical risks of climate change to the real estate industry, initially through 2050. Patrick Dodd, Pre...
Posted: Dec 15, 2022
Kastor Holdings has acquired BritAmerica and its BMG Insurance Brokers subsidiary as part of its plans to expand into America. The deal was completed at the beginning of the month. BritAmerica and BMG will remain under the leadership of the operat...
Posted: Dec 15, 2022
Cyber insurance MGA Elpha Secure has announced the appointment of DJ Carlisle as Head of Insurance Distribution. Carlisle joins Elpha Secure from Tokio Marine HCC, where he most recently served as Cyber Retail Director. He has also previously work...
Posted: Dec 15, 2022
Africa Specialty Risks (ASR) has appointed Sean Paradine to be its new senior treaty underwriter. Paradine, said the firm in a statement, joins from WR Berkley where he was a senior vice president focused on treaty underwriting in Sub-Saharan Afri...
Posted: Dec 15, 2022
Property and Casualty (P&C) insurance has encountered several obstacles on the road to the industry’s digital transformation, a recent study by J.D. Power found. According to the 2022 U.S. Claims Digital Experience Study, overall satisfaction...
Posted: Dec 14, 2022
Law firm ArentFox Schiff has added Partner, Huhnsik Chung to the company’s Complex Litigation and Insurance & Reinsurance groups. Based in the firms New York office, Huhnsik brings more than three decades of experience advising clients n...
Posted: Dec 14, 2022
Howden subsidiary Aston Lark has acquired the commercial direct marine trade book from Navigators & General (N&G), part of Zurich UK, in order to expand its range of insurance products for the marine community. According to the firm, the a...
Posted: Dec 14, 2022
Aldagi, the leading P&C insurance company in Georgia, is set to further expand its business and become the first reinsurance company in the country. Aldagi expects that with this expansion, the firm will emerge as an important regional player,...
Posted: Dec 14, 2022
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the launch of its Cybersecurity Advisory Board (CSAB), convening experts to drive cross-industry innovation According to the firm, the creation of thi...
Posted: Dec 14, 2022
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Cathy Miller to the role of head of North America property alongside a host of new promotions within the same team In her new role, said the firm, Miller will oversee the insurer’s general...
Posted: Dec 14, 2022
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has entered into a structured mortality transaction with Allianz Indonesia, expanding its footprint in Asia. Under the agreement, Canada Life Reinsurance will provid...
Posted: Dec 14, 2022
The latest Insurance Market Barometer from MarketScout and accompanying commentary from analysts at Keefe, Bruyette & Woods reveals that U.S. commercial property and casualty insurance (P&C) rates rose by 5% y/y, below October’s +5.9...
Posted: Dec 14, 2022