Reinsurance News
The Geneva Association has released a new report saying that insurers and reinsurers are now investing heavily in combatting nature degradation and biodiversity loss. The report, Nature and the Insurance industry: Taking Action towards a Nation-Po...
Posted: Nov 30, 2022
Rokstone Agriculture Risk Underwriters, the US Agriculture division of the international speciality re/insurance MGA, Rokstone, has acquired senior underwriters Joshua Lauth and Michael Theibert to launch a new specialist Farm and Ranch division b...
Posted: Nov 30, 2022
Applied Systems, a global provider of cloud-based software that powers insurance businesses, has released the third quarter results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The index shows that average...
Posted: Nov 30, 2022
US primary insurer Allstate has announced that Christine DeBiase will join the company as Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, effective January 3rd, 2023. In this role, DeBiase will lead Law and...
Posted: Nov 30, 2022
Global insurance broker and fintech platform, Acrisure, has appointed Richard Boyd as active underwriter for Flux Syndicate at Lloyd’s. Boyd joins Acrisure from Allianz Risk Transfer (ART), having begun his career there in London in 2005, an...
Posted: Nov 30, 2022
Core Specialty Insurance Holdings, Inc. and its subsidiaries have announced the launch of an excess liability program covering habitational risks with Professional Risk Facilities (PRF). The program will be marketed publicly under the name Habitat...
Posted: Nov 30, 2022
Premium growth in the first nine months of 2022 has been driven by global reinsurers, says reinsurance broker Gallagher Re in a new analysis. The firm said that the (re)insurers it tracked reported YOY premium growth of 13% by Q3, but the stronges...
Posted: Nov 30, 2022
Hartwig Löger has been named as Chief Executive Officer and Chairman of the Managing Board of Vienna Insurance Group (VIG), following a vote on the future composition of the Board. Löger will take over from 1st July 2023, with Peter Höfinger to se...
Posted: Nov 30, 2022
Navitas Assurance Partners has announced its launch as a managing general underwriter to provide alternative energy assurance solutions through investment-grade trade credit and commercial surety providers. Founder and Managing Director of Navitas...
Posted: Nov 30, 2022
The corporate insurance carrier of Allianz Group, Allianz Global Corporate & Specialty (AGCS), has appointed Martin Zschech to the newly created role of Global Head of Industry Solutions & Client Management. Additionally, he will also take...
Posted: Nov 30, 2022
New data from the Insurance Council of Australia (ICA) suggests the insurance bill for storms and floods since January 2020 has reached $12.3 billion. According to the ICA, every eastern state has been impacted by flooding over the last three year...
Posted: Nov 30, 2022
Rating agency AM Best has announced it is maintaining its stable outlook on the global reinsurance segment, despite market conditions being highly uncertain. AM Best analysts noted that despite most drivers not being seen as stable in isolation, o...
Posted: Nov 30, 2022
Global insurance broker and risk advisor, Marsh has appointed Paul Knowles as Global Head of its Private Equity and M&A (PEMA) Practice, Marsh Specialty. Knowles is currently the Head of Marsh Specialty, Continental Europe. He will start his n...
Posted: Nov 30, 2022
WTW, the global advisory, broking, and solutions company, has announced the launch of a new geopolitical risk research programme to bring together world experts and build resilience against escalating threats. According to the announcement, this t...
Posted: Nov 30, 2022
Global reinsurer SCOR has participated in a £1.7bn longevity swap transaction with Balfour Beatty Pension Pension Trust, with Zurich UK acting as an intermediary insurer, leveraging a “pass-through” structure that facilitates the risk transfer to...
Posted: Nov 30, 2022
Mosaic Insurance has announced the opening of an office in Frankfurt, Germany, to help drive the high demand for cyber and transitional liability coverage through Continental Europe. The office marks the sixth for Mosaic since its launch last year...
Posted: Nov 30, 2022
Analysts at Fitch Rating have warned that their sector outlook for the UK non-life company market in 2023 is deteriorating, while the outlook for the London insurance market sector remains neutral. The rating agency says that its diverging sector...
Posted: Nov 30, 2022
Aon has hired Alex Wootton as executive vice president of global benefits advisory and solutions. Wootton will focus on driving growth, best-in-class advisory support, thought leadership and innovation across a range of specialty health issues fac...
Posted: Nov 30, 2022
French insurance broker APRIL Group has announced it has signed a long-term strategic partnership with global investment firm KKR. KKR joins this “strategic” partnership as a majority shareholder. Details of the transaction have not been disclosed...
Posted: Nov 30, 2022
Cyber risk modeller DeNexus, has appointed Víctor M. Aguilar as Vice President of Sales – Europe, the Middle East and Africa (EMEA). In his new role, Aguilar will be tasked with extending the firm’s value proposition in the cyber risk quanti...
Posted: Nov 30, 2022
Re/insurance broking firm Arthur J. Gallagher & Co has announced the acquisition of California-based Bulen & Associates Insurance Services, Inc. Bulen & Associates is a retail property/casualty insurance agency serving commercial clien...
Posted: Nov 30, 2022
Singapore-based insurtech Igloo has announced that it has successfully raised an additional $27 million in its Series B extension led by the InsuResilience Investment Fund II, bringing a close to the funding round at $46 million. The InsuResilienc...
Posted: Nov 30, 2022
At the COP27 climate change conference that took place earlier this month, breakthroughs on climate finance were announced, but the event failed to adopt more ambitious emissions reduction pledges and agree the further phase-out of all fossil fuel...
Posted: Nov 29, 2022
In a new report from AM Best, the rating agency has stated that it is maintaining a stable market segment outlook on the US life/annuity insurance industry for 2023. Best cited factors that include favourable earnings, strong liquidity profiles an...
Posted: Nov 29, 2022
Sompo International has signalled its intentions to expand and grow within Canada, continental Europe, and southeast Asia. The moves were intimated during a presentation given last Friday in Japan to senior executives at Sompo Holdings. It said th...
Posted: Nov 29, 2022