Reinsurance News
Magnolia Grove has announced the appointment of Rumen Valkanov as assistant vice president following the MGA’s launch in August of this year. Magnolia Grove state that Valkanov brings more than 11 years of insurance experience to the company, 8 of...
Posted: Sep 21, 2022
Federato, a portfolio strategy and underwriting platform for the insurance industry, has raised $15 million in Series A funding, led by Emergence Capital, with participation from Caffeinated Capital and Pear. Other backers include Niranjan Sabharw...
Posted: Sep 21, 2022
PIB Group has announced it is bolstering its top team in preparation for ‘Chapter Three’ of its evolution. The executive team is set to expand through the appointment of Matthew Crane as CEO for Underwriting and Onno Janssen in a newly created rol...
Posted: Sep 21, 2022
Senior executives are “certain” that cyber will become a prominent line of business for Swiss Re in the long term, even as the reinsurer opts to stay underweight in this class for the present moment, until more data becomes available. Speaking at...
Posted: Sep 20, 2022
Strategic Risk Solutions (SRS) has announced that Brad Meindersma has joined as the President of SRS Managers, Canada. Meindersma has held positions such as Senior Vice President for Marsh Bermuda, and Executive Vice President at JLT Insurance Man...
Posted: Sep 20, 2022
Two Sigma Insurance Quantified (TSIQ), a leading underwriting technology company for the commercial P&C industry and an affiliated company of Two Sigma, has appointed David W. Michelson and Edward A. Sweeney, Jr. as strategic advisors. The two...
Posted: Sep 20, 2022
Reask, a leading science and technology company that focuses on natural hazard modelling, has appointed Louise Braybrooke as its new Chief Client Officer. As a well-known specialist in Technical Sales, Account Management, and Customer Success in t...
Posted: Sep 20, 2022
Computer giant IBM has transferred a portion of its US-qualified defined benefit (DB) pension plan obligation to Prudential and MetLife. The firm said in an article on its website that the move was the ‘logical next step’ after several years looki...
Posted: Sep 20, 2022
Investment manager BlueOrchard has released its InsuResilience Investment Fund Private Equity II (IIF PE II). The firm said that it will invest in Asian, African, and Latin American companies that are ‘active in the climate insurance value chain’....
Posted: Sep 20, 2022
Essent Group has appointed Dr. Anu (Henna) A. Karna to its board of directors. Dr. Karna currently served as the global general manager of industry solutions for insurance, reinsurance, and risk management at Google cloud (Alphabet Inc.) since 202...
Posted: Sep 20, 2022
Verisk has continued the expansion of its property estimating ecosystem with the integration of Yembo’s 3-D models and AI-Driven insights. Yembo’s AI-powered technology now integrates with Xactimate, says Verisk, enabling desk adjusters to view ph...
Posted: Sep 20, 2022
Enact Holdings has announced that its flagship entity, Enact Mortgage Insurance Corporation has secured $201 million of additional excess of loss (XOL) reinsurance coverage. This credit risk transfer (CRT) transaction covers a portfolio of existin...
Posted: Sep 20, 2022
Compre, the Bermuda headquartered international legacy group, has appointed claims veteran, Bill Bouvier as Claims Director, North America, effective immediately. He will be based in Compre’s Connecticut office and will report to David Presley, C...
Posted: Sep 20, 2022
A new report from GlobalData states that the fallout from Russia’s invasion of Ukraine in February will cause a slowing in the growth of the country’s life insurance industry over the next few years. The data and analytics firm says in its Russia...
Posted: Sep 20, 2022
ABI has announced that Swiss Re’s CEO UK & Ireland, Jason Richards, will be joining the Board, effective immediately. Richards holds almost three decades of insurance and reinsurance industry experience, having joined Swiss Re in 2006 as part...
Posted: Sep 20, 2022
Reinsurance broker Guy Carpenter has appointed AXIS Re’s Les Loh as deputy chief executive of Southeast Asia and Korea. Loh will join Guy Carpenter in October and will continue to be based in Singapore. He will also report to Bengt Johnsen –...
Posted: Sep 20, 2022
Advisory firm WTW has appointed Alessandro Pesci as EMEA reserving practice director in its Insurance Consulting and Technology business. Pesci is returning to the company and will be based in the firm’s Rome office where he will work to support a...
Posted: Sep 20, 2022
Dennis B. Funa has stepped down from his role as chairman at Asian Re. Funa had been expected to serve in his role until next year after being re-elected into his position last year. Prior to this, Funa had been serving his first term of office as...
Posted: Sep 20, 2022
Blink by Chubb has announced the launch of Blink Paycheck – a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work. The new product is currently available in 37 state...
Posted: Sep 20, 2022
Data firm Planck has raised $71m in funding following its latest $23m round. The firm said that the latest round was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Ca...
Posted: Sep 20, 2022
Chedid Re has appointed Chandan Thakur to the role of associate director in its facultative division – financial lines. The Dubai-based Thakur posted on the social media site to say that the firm had promoted him from deputy manager for fina...
Posted: Sep 20, 2022
Global M&A insurance specialist, Fusion Specialty, has announced the appointment of Oliver Berridge as director of Fusion Specialty UK. Additionally, Yinan Guo is joining the division as associate. Arriving shortly after the launch of the UK d...
Posted: Sep 20, 2022
Life reinsurance and insurance holding company, Monument Re, has agreed the novation of a retrocession agreement from Enhanzed Re, a subsidiary of Enstar Group Limited, to Monument Re. The retrocession agreement was originally written in 2020, and...
Posted: Sep 20, 2022
Berkshire Hathaway Specialty Insurance (BHSI) has named the people forming the senior level of management at its soon-to-be-opened new office in Brussels. The firm said that it was naming Louis du Ché to the role of country manager; Frederic de Bl...
Posted: Sep 20, 2022
A new note from Twelve Capital says that Typhoon Nanmadol, which is battering Japan, is likely to causes losses high enough to attach at least some higher-risk reinsurance programs. The typhoon, which hit the Japanese island of Kyushu on September...
Posted: Sep 20, 2022