Reinsurance News
Dale Partners Limited (DPL) has received approval from the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and Lloyd’s to establish the Dale Managing Agency. As part of the establishment, the firm said it had appoint...
Posted: Sep 23, 2022
Legal & General Group’s (L&G) global Pension Risk Transfer (PRT) business has announced a number of changes to its Legal & General Retirement Institutional (LGRI) Division leadership team. Chris DeMarco has been appointed Strategic Acc...
Posted: Sep 23, 2022
Sompo International has appointed Stefano Chiurlo as head of accident and health for Europe. Chiurlo will be based in Milan and comes to the firm with more than 15 years of insurance experience, most recently as group head of health & accident...
Posted: Sep 23, 2022
A new note from DBRS Morningstar highlights that even though there has been a number of record-breaking extreme weather events that have occurred across the world in H1 2022, the impact on the profitability of the global P&C insurance industry...
Posted: Sep 23, 2022
The firm WNS and Actuarial Risk Management (ARM) are to team up in an effort to offer end-to-end actuarial services. The two companies said that as part of this partnership, ARM will offer its clients WNS’ offshore-centric actuarial services and e...
Posted: Sep 23, 2022
Chedid Direct Limited, a company of Chedid Capital, has announced it has become the majority shareholder of MMR Holding Limited, which is based in the Abu Dhabi Global Market and is the owner of the online insurance platform, BuyAnyInsurance. The...
Posted: Sep 23, 2022
MLTPLY has announced the launch of Proxima, an insurtech startup that offers insurance companies software to develop and support its staff and expand IT, customer service, sales, underwriting and claims capabilities. Proxima currently operates in...
Posted: Sep 22, 2022
Swiss reinsurer and Munich Re subsidiary NewRe is “open to giving up business” at the January renewals depending on how pricing and structural negotiations play out over the next few months, according to CEO Thomas Braune. Speaking to Reinsurance...
Posted: Sep 22, 2022
Charles Taylor, an independent global provider of claims solutions, has announced that it has formally rebranded Underwriters Safety & Claims, which will now operate as Charles Taylor TPA. The rebranding follows Charles Taylor’s 2021 acquisiti...
Posted: Sep 22, 2022
Essent Group subsidiary Essent Guaranty has obtained $237.9 million of fully collateralized excess of loss mortgage reinsurance coverage from the capital markets. The reinsurance applies to policies written in October 2021 through July 2022 from R...
Posted: Sep 22, 2022
After an extensive months-long search, the Texas Windstorm Insurance Association (TWIA) has selected its chief legal and legislative officer, David Durden, as the association’s next General Manager, effective October 1st. Durden began working at T...
Posted: Sep 22, 2022
Hurricane Fiona has damaged infrastructure and interrupted business operations in Puerto Rico and the Dominican Republic, though a report from AM Best suggests insured losses are expected to be manageable as companies have taken significant action...
Posted: Sep 22, 2022
Google Cloud and Travelers’ are to work together on a ‘connected data ecosystem’ that the two say will enhance the commercial insurance underwriting process. The partnership between the firms will, they said in a statement, will quickly synt...
Posted: Sep 22, 2022
According to a recent report by ratings agency AM Best, reinsurer losses related to Florida specialists continue to climb despite the fact there have been no significant storms in the region. Florida’s personal property specialists show a signific...
Posted: Sep 22, 2022
Global professional services firm Aon, has appointed Luise O’Gorman as global head of ESG Transaction Advisory Services, further expanding its M&A and Transaction Solutions practice. In her new role, O’Gorman will lead the creation and develop...
Posted: Sep 22, 2022
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has elected Natasha Scotland Courcy as Chair and John Hele as Vice-Chair. Natasha, who currently serves as Senior Vice-President, Chief Operating Officer and General Counsel at Athen...
Posted: Sep 22, 2022
Global business advisory firm FTI Consulting has announced the appointment of Vince Bodnar as Senior Managing Director, Kevin Waterman as Senior Director and Marc Zimmerman as Senior Advisor in a move to strengthen the firm’s Global Insurance Serv...
Posted: Sep 22, 2022
Following its launch in the UK cyber insurance market earlier this month, cyber insurance provider Coalition has shared details about onboarding some of its first UK policyholders with positive feedback from British brokers. Coalition commenced tr...
Posted: Sep 22, 2022
Fidelis has said that it is to extend its underwriting guidelines as part of its commitment to sustainability. The firm said that its new guidelines will cover both environmental and social topics under four ‘umbrella’ guidelines covering Environm...
Posted: Sep 22, 2022
Markel Corporation has announced that Sarah Maxwell has been promoted to Managing Director, Commercial Excess Wholesale, for the Markel Specialty division. Within this new role, she will be responsible for leading the commercial excess wholesale p...
Posted: Sep 22, 2022
Consultancy, assurance, tax, transaction and advisory specialist EY, has announced the appointment of Fergal Spencer as a UK Partner in its technology consulting practice. Bringing over 25 years’ experience in financial and professional services,...
Posted: Sep 22, 2022
The reinsurance market has materially shifted and requires close attention ahead of the January 1st, 2023, renewals, leading Patrick Tiernan of Lloyd’s to warn that the marketplace can’t go around with its head in the sand. Tiernan, Ch...
Posted: Sep 22, 2022
According to a recent report from JP Morgan, there may be positive implications ahead of changes in Government for UK life insurers. The report suggests that Liz Truss is pursuing a policy of fiscal easing, and may announce a further reduction or...
Posted: Sep 22, 2022
Global specialty re/insurer SiriusPoint and Insurate Inc, a newly launched Managing General Agent (MGA), have announced a partnership aimed to improve workers’ compensation insurance, Insurate’s specialisation. According to the announcement, Siriu...
Posted: Sep 22, 2022
Berkshire Hathaway Specialty Insurance (BHSI) has announced the introduction of new Property Damage, General Liability, D&O, Professional Indemnity and Marine Cargo Insurance policies in Spain. Eduardo Guinea, Head of Customer and Broker Engag...
Posted: Sep 22, 2022