Reinsurance News
WTW and software company CodeEast are to collaborate on enabling MGAs and carriers to rapidly implement a digital platform for workers’ compensation insurance. The collaboration will be centred around CodeEast’s ONEview platform, which now i...
Posted: Sep 22, 2022
A recent Moody’s Investors Service’s survey to rated insurers in four markets in Asia-Pacific (APAC), shows that insurers will remain disciplined in asset and liability management as rates continue to rise. In a recent report published...
Posted: Sep 22, 2022
Investment firm Franklin Templeton has appointed Heneg Parthenay to be its new head of insurance for the EMEA region. The role, a new one that begin early in the month, will see Parthenay report to both Matthew Williams, head of sales in the EMEA...
Posted: Sep 22, 2022
Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, has raised a $315 million Series D round of funding. The round was led by Centerbridge Partners and Allianz X, the digital investments arm of Al...
Posted: Sep 22, 2022
According to a report from analysts at Peel Hunt, a potential capacity crunch in the reinsurance sector could be one of the key catalysts for further property catastrophe rate rises at the January 2023 renewals. The report suggests that despite th...
Posted: Sep 21, 2022
Law firm McDermott Will & Emery has appointed John F. Finston to be executive deputy superintendent of the insurance division at the New York State Department of Financial Services. The firm said that Finston will begin in his role at the begi...
Posted: Sep 21, 2022
Everest Re’s offshoot Everest Insurance has said it is expanding into the group personal accident and health insurance market with the launch of a new suite of group personal accident insurance products. The products include K-12 Student Accident,...
Posted: Sep 21, 2022
Specialist re/insurance broker Miller has announced the expansion of its delegated Authority offering with the appointment of five new hires to form a Canadian team. The team will be formed of Steve Maslen, Matt Dear, Mike Biddle, Saif Sulaiman an...
Posted: Sep 21, 2022
SURE has announced its expansion into commercial insurance in Louisiana, with small and mid-sized Louisiana business owners now able to bundle general liability and commercial property coverage with SURE’s business owners policy (BOP), which is un...
Posted: Sep 21, 2022
Ryan Specialty Holdings has appointed Waleed K. Husain as its first Chief Risk Officer. As an industry enterprise risk management veteran, Waleed has expertise in identifying, analysing and mitigating internal and external risks for financial serv...
Posted: Sep 21, 2022
According to analysts at RBC, primary insurer differentiation is more prominent than ever, as reinsurers are seeking clear articulation around underlying inflation assumptions and overall risk management frameworks. RBC’s analysts question w...
Posted: Sep 21, 2022
Richmond National Group – the holding company for Richmond National Insurance Company, a specialty excess and surplus (E&S) lines insurance company – has appointed Ashlee Randall as Chief Underwriting Officer. Randall joins the fir...
Posted: Sep 21, 2022
Global insurance broker and fintech platform, Acrisure, has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes. According to the announcement, this acquisition strengthen...
Posted: Sep 21, 2022
Alternative investment manager Elementum Advisors, which specialises in collateralised natural catastrophe event reinsurance investments, has announced that Douglas Duncan has joined its senior team in the firm’s Chicago headquarters as Chie...
Posted: Sep 21, 2022
Reinsurance pricing and placing platform provider Tremor Technologies has announced the launch of a fully featured Sandbox version of its marketplace where mock transactions can be conducted as a buyer or seller of reinsurance protection. Tremor S...
Posted: Sep 21, 2022
The Pension Insurance Corporation (PIC) has concluded a full-scheme buy-in with the trustee of the Yell Pension Plan, covering £370m in remaining liabilities. This buy-in, the second between PIC and Yell, follows an initial buy-in in 2014 that ins...
Posted: Sep 21, 2022
Insurance broker Gallagher has announced the appointment of Tim Wright as a Consultant within its global aerospace practice. In his new role Wright will be responsible for supporting international space clients with risk management and specialist...
Posted: Sep 21, 2022
International re/insurance broker UIB has promoted Mathieu Sahhar to Head of Downstream Energy, where he will report to Marc Perrin, Executive Director, Energy & Construction Division. Sahhar joined UIB in 2012, where he gained experience in t...
Posted: Sep 21, 2022
Roman Hohl has announced that he is to begin a new role as senior nat cat solutions manager at Swiss Re. The announcement, made on LinkedIn, has the Zurich-based Hohl returning to Swiss Re. He had previously worked for the firm between 2007 and 20...
Posted: Sep 21, 2022
The board of directors at CCR has passed a set of resolutions to drive growth at its reinsurance subsidiary CCR Re. The firm said in a statement that these resolutions are in line with the company’s strategic plan that it introduced last year. It...
Posted: Sep 21, 2022
UK regulator the Prudential Regulation Authority (PRA) is “paying close attention” to the potential for concentration risk due to insurers’ reliance on reinsurance as a risk management tool, analysts at the Bank of England have warned. Speaking at...
Posted: Sep 21, 2022
International insurance broker, Howden, has agreed to acquire Théorème, a family-owned corporate insurance broker headquartered in Paris. Upon completion, Xavier de Font-Réaulx will serve as General Manager of Théorème, and will report to Nicolas...
Posted: Sep 21, 2022
According to a report by Fitch Ratings, European life consolidation activity picked up following a slow start to 2022 with four acquisitions announced within less than two months. Of the deals announced, two were in Germany, with one each in the U...
Posted: Sep 21, 2022
dClimate has announced it has acquired Oasis Hub, a leading global data platform and aggregator for catastrophe, extreme weather, climate change and environmental risk data. dClimate states that the acquisition of Oasis Hub enables it to bring tho...
Posted: Sep 21, 2022
Crum & Forster (C&F) has announced the promotion of Nick Economidis to Senior Vice President of eRisk. Economidis joined C&F as Vice President of eRisk in 2018, aiding with business line growth and the expansion of its tech and cyber u...
Posted: Sep 21, 2022