Reinsurance News
A new report from Fitch Ratings says that the Dutch insurance sector showed resilience in 1H22 despite mounting macroeconomic pressures. The firm wrote in the Dutch Insurance Dashboard: 1H22 Interim Results that large Dutch insurers maintained rob...
Posted: Oct 10, 2022
HDI Global Specialty UK has introduced a new structure within Underwriting to align its business with clients and brokers. HDI has identified six divisions or ‘pillars’ within its single risk business. The six new business divisions and leaders ar...
Posted: Oct 10, 2022
Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa, namely in Kenya, Uganda, Tanzania, Burundi and Mauritius. The two companies had origin...
Posted: Oct 10, 2022
AM Best has maintained its stable market segment outlook on the Japan non-life insurance segment given recent profitable underwriting performance and the likelihood carriers will maintain positive results in the face of expected economic headwinds...
Posted: Oct 10, 2022
Re/insurance broker Protecdiv has launched a tool designed to measure and report the “social” component of ESG on the liability side of a balance sheet. Protecdiv states that SERV-S, the Social Equity Risk Vector Score, provides a score for commer...
Posted: Oct 10, 2022
Northcourt, the Optio Group subsidiary and underwriter of international nuclear risk, has appointed Ed Butler as a senior adviser. Within this role, Butler will help raise Northcourt’s profile within government and the nuclear sector as a leading...
Posted: Oct 10, 2022
COVID-19 is still accounting for half of all excess deaths through H1 2022, according to the Actuaries Institute of Australia, reflecting the continued risk for insurance and reinsurance firms with exposure in this market. Actuaries Institute data...
Posted: Oct 09, 2022
Specialty insurance firm, Skyward Specialty, has announced its partnership with Gradient AI, an artificial intelligence (AI) solutions provider for the insurance industry. According to the announcement, through this collaboration, the insurer aims...
Posted: Oct 09, 2022
Analysts at reinsurer Swiss Re have warned that over $270 trillion in climate investments will be required across the energy, transport, buildings and industry sectors globally to meet the Paris Agreement and 2050 net-zero targets. A new Swiss Re...
Posted: Oct 07, 2022
Catastrophe risk modeller and Moody’s analytics company, RMS, has estimated that insurance and reinsurance industry losses from Hurricane Ian will be between $53 billion and $74 billion. Analysts said the best estimate would likely fall somewhere...
Posted: Oct 07, 2022
Catastrophe risk modeller and Moody’s Analytics company, RMS, has estimated that insurance and reinsurance industry losses from Hurricane Ian will be between $53 billion and $74 billion. Analysts said the best estimate would likely fall somewhere...
Posted: Oct 07, 2022
AXA XL Re, the reinsurance arm of AXA’s property & casualty and specialty risk division, has today announced the appointment of a range of new global product leaders. This includes a new role for Tristan Abend, formerly Head of Internati...
Posted: Oct 07, 2022
The global macroeconomic picture continues to “exude turmoil” with negative impacts to homeowners insurers, Aon has said as part of its new Homeowners Return on Equity report. Analysts noted that the inflationary environment has had significant im...
Posted: Oct 07, 2022
Texas surplus lines premium has been recorded at $7.81 billion year-to-date as at the end of August, according to figures from the Surplus Lines Stamping Office of Texas (SLTX), representing an increase of 26.3% over last year’s total for the same...
Posted: Oct 07, 2022
Aon has announced the appointment of Morena Dell’Aglio as global technology sales leader within its expanding Strategy and Technology Group. The firm states that Dell’Aglio will be responsible for driving client awareness and innovation across a r...
Posted: Oct 07, 2022
Analysts at MarketScout, a Managing General Agent, Lloyd’s Coverholder and wholesale broker, have suggested that losses from Hurricane Ian will “dramatically” impact insurance pricing across both commercial and personal lines. MarketScout da...
Posted: Oct 07, 2022
Relay Platform, a technology solutions provider enabling the digital transformation of commercial insurance placements, has partnered with CyberCube, a cyber risks analytics provider, on the cyber quoting experience. This new partnership aims to e...
Posted: Oct 07, 2022
Commercial insurance and reinsurance broker, Oneglobal Broking has announced the appointment of veteran insurance practitioner, Huichih Ko as Executive Director. Based in Taiwan, he will be working closely with the Asia Leadership team in growing...
Posted: Oct 07, 2022
Following Hannover Re’s recent investor day in London, analysts have reported that they remain confident the reinsurer is “well positioned” to benefit from an increasingly hard pricing environment next year. JP Morgan said it remains positive on H...
Posted: Oct 07, 2022
Pensions and financial services consultancy Hymans Roberson has announced the addition of Lara Desay as a Partner and Risk Transfer Specialist. Desay joins from Scottish Widows where she was Head of Origination and Operations for its bulk annuity...
Posted: Oct 07, 2022
Peak Re’s Baa1 insurance financial strength rating (IFSR) has been placed on review for downgrade by Moody’s. The rating agency has also placed on review for downgrade the Baa3(hyb) backed subordinated debt rating on the subordinated perpetual sec...
Posted: Oct 07, 2022
Initial data from the Florida Office of Insurance Regulation (FLOIR) reveals that more than 375,000 claims have been filed after hurricane Ian, mostly related to residential property, as the entity reports total estimated insured losses of close t...
Posted: Oct 07, 2022
American International Group (AIG) has appointed Emma Woolley as Global Head of Marine. Woolley brings over two decades of experience in the London marketplace, following a number of senior roles across the capital. She joins AIG from Lancashire S...
Posted: Oct 07, 2022
Specialty insurer, Mosaic Insurance has launched a global environmental liability division. The division is the company’s seventh underwriting unit, and it is set to be led by seasoned 30-year executive Jim Finnamore. Finnamore joins Mosaic as Sen...
Posted: Oct 07, 2022
Fortitude Re has announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company. Fortitude Re executed this transaction through its Bermuda-based subsidiary, Fortitude International Reinsurance Limited. Sidl...
Posted: Oct 07, 2022