Reinsurance News
Platinum Specialty Underwriters has announced gross written premiums of $200m, with a 50% growth rate driven by the success of five new product offerings to accompany the existing successful transportation program portfolio. Jeff Heath, President...
Posted: Oct 24, 2022
Executives and leaders from across the insurance and reinsurance sectors are seeing strong demand for protection and have called on the industry to work to leverage its strengths in such a demanding marketplace. At the 2022 meeting of the reinsura...
Posted: Oct 24, 2022
Independent specialty MGA, Nexus Underwriting, has appointed Christof Bentele as President of their new Specialty Casualty business. A global market leader, Bentele has previously run specialty casualty teams at Aon, JLT group and, most recently,...
Posted: Oct 24, 2022
MS Amlin has appointed Paul Evans as senior underwriter of marine insurance. Evans, the firm said in a statement, will begin his new role at the beginning of November and will report into Malcolm Barnes, head of marine insurance. He joins from Tok...
Posted: Oct 24, 2022
Howden RE, the reinsurance arm of international insurance intermediary, Howden Group, has announced the establishment of a new Disability, Life & Health Reinsurance division. Richard Vuurman, Theo Lutgendorff and Thomas Trompert have been appo...
Posted: Oct 24, 2022
WTW has appointed Robert Lasovski as Head of property & casualty (P&C) for its Corporate Risk & Broking (CRB) business in Australasia. Based in Sydney, Lasovski joins WTW from Marsh McLennan in Australia where he was the National Corpo...
Posted: Oct 24, 2022
Property and casualty insurer Global Indemnity Group (GBLI) has named Joseph W. Brown as its new CEO after announcing that David S. Charlton, former CEO, and Reiner R. Mauer, former COO, are no longer officers or directors of GBLI, including its s...
Posted: Oct 24, 2022
Around twenty people from the groups Extinction Rebellion and Debt4Climate occupied this morning the Kongresshaus in Baden-Baden, where the reinsurance industry is currently holding its annual get-together. It is understood that the early morning...
Posted: Oct 24, 2022
Kemper Corporation has reported it anticipates its Q3 2022 results will include pre-tax catastrophe losses ranging from $25m to $30m, primarily related to Hurricane Ian. The company notes that it does not expect to recover any of these losses unde...
Posted: Oct 24, 2022
Hannover Re subsidiary E+S Rück has said it expects significant improvements in risk-adjusted prices and conditions in property and casualty reinsurance on the back of continued heavy claims expenditure and soaring inflation. Dr. Michael Pickel, c...
Posted: Oct 24, 2022
Insurance and risk management consultancy Invictus Risk Solutions has been engaged by green energy company Sun Pacific to assess the opportunity for providing an insurance wrap for a $50 million funding of the company’s US-based solar manufacturin...
Posted: Oct 24, 2022
The African Development Bank, the government of the United Kingdom, and global insurers, AXA XL, Axis Specialty, and HDI Global Specialty, have closed on a new and innovative risk sharing transaction. The Room to Run Sovereign transaction was stru...
Posted: Oct 24, 2022
Allianz Trade has announced that Aylin Somersan Coqui, currently Group Chief Risk Officer of Allianz SE, will become CEO and Chairperson of the Board of Management of Allianz Trade following the departure of Clarisse Kopff, who has decided to purs...
Posted: Oct 24, 2022
Australian insurer IAG has explained that higher reinsurance costs are a factor in its decision to increase premium rates for its customers across several lines of business. Speaking at the company’s annual general meeting, Chairman David Armstron...
Posted: Oct 24, 2022
Insurtech provider Zywave has appointed Rob Stavrou as group vice president for carrier sales. The firm said in a statement that Stavrou had moved to his new position at the beginning of the month and will be based in the US. Most recently, Stavro...
Posted: Oct 24, 2022
A new report from Peak Re claims that the emerging Asian middle class shows clear signs of optimism despite economic headwinds with future economic prosperity increasing the demand for more risk mitigation and protection solutions that will create...
Posted: Oct 24, 2022
According to a new data report from the Insure Our Future campaign, insurance company restrictions on oil and gas are finally starting to catch up with those on coal, with 62% of reinsurers having coal exit policies and 38% now having oil and gas...
Posted: Oct 21, 2022
The American Property Casualty Insurance Association (APCIA) has approved new officers to its Board of Directors, with Alan Schnitzer, chairman and CEO of Travelers elected chair, and Dino E. Robusto, chairman and CEO of CNA Financial Corporation...
Posted: Oct 21, 2022
Kin Insurance, a US insurtech and primary carrier focused on home insurance for catastrophe-exposed areas, has reported that its gross loss from Hurricane Ian will remain “well below” the top of its $800 million overall reinsurance tower. To date,...
Posted: Oct 21, 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Michael Machin as Head of Broking for FINEX North America, Corporate Risk & Broking (CRB). Machin will also join the FINEX NA leadership team and partner wit...
Posted: Oct 21, 2022
QBE has announced the appointment of Troy Wiebe as Casualty Underwriter and Jasper Hageman as Property Underwriter, as well as the promotion of Fiona Bui to Underwriting Support Team Lead. According to QBE with these new hires it expands its Vanco...
Posted: Oct 21, 2022
The Governor of Florida, Ron DeSantis, has announced that he is planning to call a Special Session in December to address solutions to stabilise the state’s property insurance market following Hurricane Ian. DeSantis says he is working with the Le...
Posted: Oct 21, 2022
According to a new report released by GCube, the financial impacts of natural catastrophe events are outpacing the development of mitigation strategies in the North American renewables market. In its North American Nat Cat Update, GCube stated tha...
Posted: Oct 21, 2022
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the appointment of veteran Paul Gatutha as Director in its Hamilton office. In his new role, Gatutha will be responsible for a broad portfoli...
Posted: Oct 21, 2022
The Bank of England has published a letter sharing insights from its recent thematic review across the general insurance sector focusing on the effect of claims inflation on general insurance claims. The review found that the impact of a persisten...
Posted: Oct 21, 2022