Reinsurance News
A new report from GlobalData says that cyberattacks from Russia could be set to cause more disputes between businesses and insurers following the Zurich-Mondelez case. The firm said in its 2022 UK SME Insurance Survey that 9% of SMEs in the UK tha...
Posted: Nov 22, 2022
Markel has said that Jessica Cardoso has been appointed head of office for Markel Bermuda in addition to her current role of senior director and head of Bermuda errors and omissions. As head of office for Markel Bermuda, Cardoso will continue to h...
Posted: Nov 22, 2022
Nassau Financial Group, L.P. has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company. The transaction is ex...
Posted: Nov 22, 2022
Aon Indonesia, a regional subsidiary of the global re/insurance broker, has brought Inti Amaliah onboard as its new head of reinsurance solutions. The firm announced the hire through a post on LinkedIn. Amaliah’s own LinkedIn profile indicates tha...
Posted: Nov 22, 2022
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has appointed Mark Cody as Managing Director. Cody’s appointments is effective as of January 1, 2023. As Managing Director, Cody will lead team sales support a...
Posted: Nov 22, 2022
The Lloyd’s Market Association’s (LMA) Worldwide Property Business Panel (WPP) has announced that it is putting all places up for election and will be asking LMA members to elect managing agents, instead of individuals. It will be the responsibili...
Posted: Nov 22, 2022
Fosun International, a Chinese multinational conglomerate holding company, has reportedly appointed Deutsche Bank to advise on a potential sale of its share in Peak Re, the Hong Kong domiciled reinsurer, according to a Reuters report. Citing four...
Posted: Nov 22, 2022
Ki, Brit’s digital follow-only syndicate, has announced the appointment of Rebecca Marsh as an Underwriter. In her new role, Marsh will report to Helen Rios, Portfolio Underwriter. She will work across the Casualty classes, supporting the gr...
Posted: Nov 22, 2022
RSA Insurance has announced that Marjorie Adejumo and Laura Fox have been appointed as Strategic Account Directors in its UK commercial lines business. Adejumo and Fox will be responsible for leading several of RSA’s strategic broker relationships...
Posted: Nov 22, 2022
WTW and Citi have successfully placed an innovative insurance facility with Great American Insurance Company’s FCIA Trade Credit & Political Risk division, delivering a portfolio based, long tenor Accounts Receivable (A/R) financing solu...
Posted: Nov 22, 2022
The reinsurance market is set to be a “challenging environment” next year which Beazley expects to see shift significantly, says Chief Executive Officer Adrian Cox. During Beazley’s Q3 22 earnings call, Cox stated that a “properly priced reinsuran...
Posted: Nov 22, 2022
A new report from Liberty Global Transaction Solutions (GTS) says that the frequency of M&A insurance claims has fallen after the anticipated post-Covid claims surge did not materialise. The firm said in its Claims Briefing: Exclusive Insights...
Posted: Nov 22, 2022
The insurance and reinsurance world has evolved significantly since Patrick Delalleau entered the space more than 45 years ago. In his current role, Patrick Delalleau serves as a Senior Advisor at French state-run reinsurer, CCR Re, a position he...
Posted: Nov 22, 2022
Insurance Europe, the European insurance and reinsurance federation, has elected Alexander Sarrigeorgiou, chair and CEO of Eurolife, as its new Vice-President (VP). Sarrigeorgiou has led Eurolife for 18 years, and before this was CEO of Allianz In...
Posted: Nov 22, 2022
Africa Specialty Risks and the African Reinsurance Corporation have announced that they have entered into a partnership agreement on the provision of Political Risk and Trade Credit Insurance through an Underwriting Authority Agreement which bring...
Posted: Nov 22, 2022
Westfield, a property and casualty insurance company, has announced the appointment of Robert Looney as Westfield Specialty Executive Vice President and Chief Financial Officer. Looney will report to President Jack Kuhn, and with over three decade...
Posted: Nov 22, 2022
Richard Sheng, Secretary of the Board of Directors for Chinese insurer Ping An, has highlighted the role of parametric and index insurance in combatting the challenges of climate change. Speaking via videoconference on green and sustainable financ...
Posted: Nov 22, 2022
A new report by US independent brokerage WoodRuff Sawyer contends that hopes for stability in the insurance and reinsurance market next year have “all but disappeared” in the wake of Hurricane Ian and the myriad economic challenges facing the indu...
Posted: Nov 21, 2022
Rating agency AM Best has announced that its outlook for Argentina’s insurance industry remains Negative, due to the country’s persistent economic challenges. According to the International Monetary Fund, Argentina’s GDP expanded by 10.4% in...
Posted: Nov 21, 2022
Analysts at Fitch Ratings have assured that its analysts view the US property and casualty (P&C) sector as “recession-resilient,” if not totally “recession-proof,” as challenging economic conditions continue to mount. It is expected that the U...
Posted: Nov 21, 2022
An unnamed UK pension scheme sponsored by a Fortune 500 company has completed a £1 billion longevity swap with PartnerRe acting as reinsurer and Zurich acting as the intermediary to the swap. According to the announcement, the transaction –...
Posted: Nov 21, 2022
WTW has partnered up with The Nature Conservancy (TNC) to launch the United States’ first ever coral reef insurance policy. The insurance policy will provide money for rapid coral reef repair and restoration across Hawai‘i immediately following hu...
Posted: Nov 21, 2022
Ludlow Re, a new Class B(iii) insurance company based in the Cayman Islands, has been launched by Hildene Capital Management, LLC, a diversified institutional asset manager. According to the announcement, Ludlow Re will offer reinsurance to the gl...
Posted: Nov 21, 2022
After a slow start to the year as the industry focused on integrating the record number of transactions which closed at year-end 2021, M&A activity has rebounded, with deal volume up 3% on a year-to-date basis, says the Sica | Fletcher Ag...
Posted: Nov 21, 2022
Zurich Insurance has indicated that it plans to move its European Economic Area holding company from Ireland to Germany. 110 jobs will be affected in the move, said Alison Martin, EMEA chief executive for the firm, in an interview given to Reuters...
Posted: Nov 21, 2022