Reinsurance News
Jones Lang LaSalle Incorporated (JLL), a professional services firm specialising in real estate and investment management, has announced that Moses Ojeisekhoba has been elected as an independent, non-executive member of its Board of Directors effe...
Posted: Nov 15, 2022
Midwest Holding Inc. has posted a $7.4 million GAAP net income for the third quarter of 2022 against a $3.1 million loss from the third quarter of 2021. Net investment income in 2022’s third quarter was $12.9 million compared with $6.2 milli...
Posted: Nov 15, 2022
Antares Global Management (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write Lloyd’s business on behalf of Antares Syndicate 1274 from Bermuda, in addition to the...
Posted: Nov 15, 2022
With the COP27 conference underway, Jonathan Larsen, Chief Innovation Officer at Chinese insurer Ping An, says he sees significant opportunities for the insurance and reinsurance industries to finance the transition to a low carbon economy. “...
Posted: Nov 15, 2022
New York-based MGA Elpha Secure has partnered with CyberCube to utilise two of its cyber risk analytics tools as the business grows to create a compelling case to attract capacity from providers operating within the ILS space. Elpha has licensed C...
Posted: Nov 15, 2022
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Craig Taylor to the expanded role of Regional Head of Property, Australia & New Zealand. Based in Sydney, Taylor brings over 25 years of property underwriting experie...
Posted: Nov 15, 2022
International insurance group Ageas, has announced the retirement of Christophe Boizard as Chief Financial Officer (CFO) after a tenure of more than 11 years. Subject to the necessary regulatory approvals, Wim Guilliams, the current CFO of Ageas’s...
Posted: Nov 15, 2022
Leading insurance broker and risk advisor, Marsh, has announced the appointment of Christos Adamantiadis as CEO, Continental Europe, effective from the 1st of January 2023. Adamantiadis joined Marsh back in 2018 and is currently CEO of Marsh’s Mid...
Posted: Nov 15, 2022
A new note from CoreLogic says that it estimates that privately insured gross modelled losses from Hurricane Nicole will be less than $750m. The firm said on its website that these losses include those from hurricane winds and storm surge and do n...
Posted: Nov 15, 2022
Global reinsurer SCOR has appointed Emma Bartolo as the Global Segment Leader for its Environmental Impairment Liability (EIL) insurance portfolio. Bartolo, who is based in London, will join SCOR in February 2023. She will report to Marie Biggas,...
Posted: Nov 15, 2022
The Vienna Insurance Group (VIG) has reported premium growth across all lines of business and segments in Q3, with a total increase of 13.6% to €9.5 billion. The group notes that this includes the first-time consolidation of the most recently acqu...
Posted: Nov 15, 2022
Oxbridge Re Holdings Ltd. has reported a net loss of $2.2 million for the third quarter of 2022 compared to a net income of $6.5 million from the third quarter of 2021. The company’s net loss year-to-date total currently sits at $2.5 million compa...
Posted: Nov 15, 2022
Veronica Scotti, Chairperson for Public Sector Solutions at Swiss Re, has called for re/insurers to fund “transformative” climate adaptation projects to improve resilience, and says that the ongoing COP27 conference represents the “perfect opportu...
Posted: Nov 15, 2022
Hub International Limited (HUB), a global insurance brokerage and financial services firm, has announced the launching of its Professional & Executive Risk (ProEx) Specialty Practice. According to the announcement, this new practice formalises...
Posted: Nov 15, 2022
A group of over 85 insurers in Africa have pledged to create a financing facility to provide $14 billion of cover to help protect 1.4 billion people within the continent against floods, droughts, and tropical cyclones. The commitment to create the...
Posted: Nov 15, 2022
Germany’s state secretary in the federal ministry for economic cooperation and development has highlighted the role that private finance can play in the fight against climate change. Speaking at the COP27 conference in Sharm El Sheikh, Jochen Flas...
Posted: Nov 15, 2022
Aholotu Palu, CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), has said that his firm has been in discussion with stakeholders regarding a parametric drought insurance product with early payout triggers. Speaking in Egypt during the...
Posted: Nov 15, 2022
Real estate technology firm Rhino has signed a series of agreements with a host of re/insurance firms that includes Ally Insurance, ReAlign, and Clear Blue Insurance Group. These agreements, the details of which have not been released, follow seve...
Posted: Nov 15, 2022
The African Risk Capacity (ARC) has received a grant funding of €9 million from the European Union Commision at a special COP 27 event as part of marking the 10th anniversary of the specialised agency of the African Union. The ARC was established...
Posted: Nov 15, 2022
The 2022 combined ratio for the P&C insurance industry is set to worsen compared to 2021, driven by Hurricane Ian and significant deterioration in the personal auto line, making it the worst year for the P&C industry since 2011, according...
Posted: Nov 14, 2022
QBE North America has appointed Laura Coppola as Chief Underwriting Officer. Coppola is based in New York and will serve on North America’s Executive Management Board. As Chief Underwriting Officer, she will be responsible for portfolio opti...
Posted: Nov 14, 2022
Parametric flood insurance company FloodFlash has announced plans to expand into the US market, led by Mark Hara as Chief Executive Officer (CEO) for its North America operations. As CEO of North America, Hara will be charged with developing and e...
Posted: Nov 14, 2022
Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has filed a registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The firm submitte...
Posted: Nov 14, 2022
Brokerslink, a global broking business, has added Sammy Free, an insurance and reinsurance brokerage specialising in surety insurance, to its international network. From its headquarters in Spain, Sammy Free has been dedicated to enabling clients...
Posted: Nov 14, 2022
Stonybrook Capital & Risk Management has announced the appointment of Kevin Miller Jr. as Senior Vice President (SVP). He joins Stonybrook from Goldman Sachs, where he served as SVP for over two years. Before that, Miller spent over five years...
Posted: Nov 14, 2022