Reinsurance News
Zurich Financial Services Australia, a division of global insurer Zurich, has announced the appointment of Evan Moore as Head of Property, Marine & Technical Lines for its general insurance business. Moore currently serves as Head of Personal...
Posted: Nov 29, 2022
Everspan Group has promoted Steven K. Dresner to President of Everspan, succeeding Wyatt Blackburn, who has retired. Blackburn will assume the role of Vice Chairman of Everspan Holdings and become a member of the Everspan Holdings Board of Directo...
Posted: Nov 29, 2022
The U.S. Federal Emergency Management Agency (FEMA) has reported that the National Flood Insurance Program (NFIP) has paid $793 million in claims following Hurricane Ian, as Federal support nears $3 billion. FEMA suggests that more than $2.97 bill...
Posted: Nov 29, 2022
Michelle To, Head of Business Intelligence at international insurance broker Howden, has asserted that the current pricing environment presents “generational opportunities” for those reinsurers that are able to deploy capital efficiently. Speaking...
Posted: Nov 29, 2022
The Hanover Insurance Group has appointed Eric M. Schuler as President of management and executive liability, effective immediately. Within this role, Schuler will assume responsibility for the strategy and execution of The Hanover’s managem...
Posted: Nov 29, 2022
Re/insurance broker Aon has named Robert De Souza and John Carroll to new roles within its Reinsurance Solutions Asia Pacific (APAC) team. Robert De Souza, who is currently Reinsurance Solutions’ CEO of Australia and New Zealand and chairman of AP...
Posted: Nov 29, 2022
Liberty Mutual Insurance has appointed Maria Grace as its global product leader for property. Grace is set to begin in the role at the beginning of January and will report to Matthew Moore, Global Risk Solutions (GRS) president of underwriting. Sh...
Posted: Nov 29, 2022
Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has announced it is strengthening its North American Multinational team with the appointment of two new members. Brian McNamara has been named Regio...
Posted: Nov 29, 2022
Conduit Re has appointed Peter Kiernan as its new head of property. The firm said that Kiernan, currently Head of US Property with AXA XL Reinsurance in Bermuda, will take up his role at the beginning of December, subject to regulatory and work pe...
Posted: Nov 29, 2022
Arch Capital Group Ltd and AEGIS London have become the latest (re)insurance companies to commit not to provide any coverage to the East African Crude Oil Pipeline (EACOP) project. They join 19 other (re)insurers, including four of the world’s big...
Posted: Nov 29, 2022
Analysts at JP Morgan have asserted that the structure of reinsurance programs could play “as important of a role as pricing” at the upcoming renewal periods. In a new report, the firm argued that recent years of poor returns for the reinsurance i...
Posted: Nov 29, 2022
According to the Divisional Director of Marine at Gallagher, Mike Ingham, the reinsurance market is expected to present Hull insurers with a new set of difficulties at the forthcoming January renewals. Ingham notes that the market is already suffe...
Posted: Nov 29, 2022
A recent Aon report has highlighted how using a captive insurance company can drive positive ESG outcomes, alongside how the UN Environment Program’s Principles for Sustainable Insurance can aid captive owners to address ESG risks and opportunitie...
Posted: Nov 29, 2022
According to Fitch Ratings, credit fundamentals in the French non-life insurance sector will worsen in the next 12 months as insurers adapt to new market and macroeconomic regimes, while the life segment will remain broadly unchanged. Fitch expect...
Posted: Nov 29, 2022
A new article by David Howden, founder and CEO of the Howden Group, says that forecasts that $2bn of private funded disaster insurance capacity can be delivered in the next few years. Writing on LinkedIn, Howden said that he believes that this ext...
Posted: Nov 29, 2022
Cyber risk analytics provider CyberCube, has released Version 4.0 of Account Manager, its software-as-a-service (SaaS) application for single risk re/insurance underwriters. The latest version of Account Manager includes a variety of improvements...
Posted: Nov 29, 2022
Life Insurer and asset manager Aegon, is to sell Futuready Thailand, one of the country’s leading insurance e-brokers offering consumer-focused insurance solutions through affinity channels and partners. On November 28th, The Huntington Group, a S...
Posted: Nov 29, 2022
Digitalisation is increasing exposure to cyberattacks throughout society, though as the risk landscape grows, so does awareness and demand for commercial and personal coverage, says the Swiss Re Institute. Swiss Re forecasts global cyber insurance...
Posted: Nov 28, 2022
Global reinsurer Ariel Re has appointed clean energy and renewables technology consultant Tad Dritz as a Senior Risk Analyst. In this role, Dritz will help the company to evaluate the technical risks associated with clean energy technologies, incl...
Posted: Nov 28, 2022
New research from Airmic says that risk professionals are highly focused on addressing immediate natural peril risks at the expense of looking at longer-term climate threats. The firm says that its Climate Risk and Parametric Insurance Cover surve...
Posted: Nov 28, 2022
The Risk and Insurance Management Society (RIMS) has written to the Federal Insurance Office (FIO) in response to legislative dialogue regarding a federal backstop for large-scale catastrophic cyber incidents impacting infrastructure. The eight-pa...
Posted: Nov 28, 2022
Cyber insurer Corvus Insurance has hired Joe Duplock to be its new manager of underwriting. Duplock made the announcement on LinkedIn, saying that he had begun working for the firm this month. He is based in London. Prior to moving to Corvus Insur...
Posted: Nov 28, 2022
A new note from Moody’s says that the movement of interest rates this year has reduced the carrying value of fixed income securities held by insurance companies. This, said Moody’s, has lowered reported equity for insurers that mark such securitie...
Posted: Nov 28, 2022
According to Fitch Ratings, reinsurance rates for property catastrophe business should increase by over 10% at the January renewals, supporting underwriting margins against rising claims from high inflation and climate change. Further, increasing...
Posted: Nov 28, 2022
Swiss InsurTech CelsiusPro has announced it has partnered with Global Earthquake Model (GEM) Foundation to enhance earthquake modelling capabilities and products. Based on GEM models, CelsiusPro will generate stochastic long-term earthquake catalo...
Posted: Nov 28, 2022