Reinsurance News
Financial giant Morgan Stanley has reflected on the Monte Carlo Rendezvous, saying that participants had predicted pricing to ‘remain upbeat’. Morgan Stanley wrote in a new note: “The recent benign hurricane season and rising interest rates do not...
Posted: Sep 15, 2022
The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has announced a couple of promotions within its international division. Harald Jacobsen has been named as Senior Vice President, Head of Continental Eur...
Posted: Sep 15, 2022
According to a report from JP Morgan, Europe’s big four reinsurers had mixed natural catastrophe experiences during the first half of 2022. It notes Munich Re is the only company to see losses below expectations at ~60% of the H1 budget, wit...
Posted: Sep 15, 2022
Broker Gallagher Re has appointed Alexander Choniski in the newly created role of Head of Embedded Insurance, in North America, within its Alternative Distribution vertical. Within this role, he will be responsible for creating an embedded insuran...
Posted: Sep 15, 2022
Reinsurer TransRe, which is wholly owned by Alleghany Corporation, has appointed Jim Crutchley to the newly created role of Global Facultative Leader, reporting to Paul McKeon, President, Regional Business Units. Crutchley first joined the firm in...
Posted: Sep 15, 2022
The Reinsurance Group of America has announced the appointment of Stephen T. O’Hearn as Chair of the Board of Directors after J. Cliff Eason’s retirement from the position. Eason is set to retire on December 31st, 2022, with O’Hearn assuming...
Posted: Sep 15, 2022
Berenberg has said that it is confident that reinsurance rate rises will be at least in line with inflation. The firm released a note called Monte Carlo: Reinsurers Hitting a Home Run, in which it said that not only would rates go up by at least t...
Posted: Sep 15, 2022
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions with a new geospatial risk solution. The Industry Risk Analytics are the latest...
Posted: Sep 15, 2022
Gallagher has announced the full integration of its Turkish subsidiary Brokers’ House, bringing it under the company’s name from next Monday. The firm had bought a majority stake in Brokers’ House in August last year. It is headquartered in Istanb...
Posted: Sep 15, 2022
Senior executives at Munich Re have warned that the re/insurance industry “might lose relevance” if it doesn’t find ways to meet the growing demand for cyber cover with new products and services. Speaking at the reinsurer’s 2022 RVS briefing in Mo...
Posted: Sep 15, 2022
Munich Re Automation Solutions, a leading underwriting automation Insurtech solutions provider, has appointed Grant Andrew as Vice President of Customer Success. He will be based in Chicago and will report to Munich Re Automation Solutions’ Chief...
Posted: Sep 15, 2022
Insurtech firm Yokahu has been selected for inclusion in the ninth cohort of the Lloyd’s Lab to develop a new parametric loan default protection product. A statement from the firm said the product had been selected after a competitive pitching pro...
Posted: Sep 15, 2022
Howden M&A, the international M&A and structured solutions insurance broker, has appointed Charles-Henri Gridel as Associate Director, Business Development Europe. Within this role he will lead the Business Development function across Cont...
Posted: Sep 15, 2022
A new paper from Triple-I says that risk-based pricing allows insurers to offer the lowest premiums to policyholders with the most-favourable risk factors. The paper, Trends and Insights: Risk-Based Pricing of Insurance, states that risk-based pri...
Posted: Sep 15, 2022
AIG has priced the IPO of Corebridge, previously SAFG Retirement Services, at $21 per share with trading expecting to begin Thursday. The firm said in a statement that it was offering 80m shares of common stock out of 645m million total common sha...
Posted: Sep 15, 2022
Despite industry headwinds, the insurance-linked securities (ILS) market continues to succeed, according to Aon’s Alternative Capital: Growing Markets report, which analyses trends in the sector during the 12-month period through June 30, 2022 The...
Posted: Sep 15, 2022
Allianz Global Corporate & Specialty (AGCS) has named Darren Tasker as the new regional head of energy and construction for North America, effective from 6 September. Tasker will also join the AGCS North America Executive Management Team (EMT)...
Posted: Sep 15, 2022
A recent report by Moody’s affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation. Premium growth will also...
Posted: Sep 15, 2022
The eyes and brains of the re/insurance industry are assessing the state of the landscape, trying to make sense of not only where the industry is, but in which direction it is heading. To talk about this, Kathleen Reardon, CEO of Hiscox Re & I...
Posted: Sep 14, 2022
AXA XL has announced that Claire Ighodaro CBE will be retiring from her position as Chair of the Boards of AXA XL Underwriting Agencies Ltd and AXA XL Insurance Company UK Ltd . Her retirement is effective as of December 31, 2022. AXA XL has also...
Posted: Sep 14, 2022
As the year turns the corner towards its end, it is time not only to take stock of everything that has happened in 2022, but also of what may – or probably will – come to pass in 2023. Reinsurance News recently took the time to sit wit...
Posted: Sep 14, 2022
Inver Re, the reinsurance broking of The Ardonagh Group, has hired Guy Bowker, formerly of Enstar, to lead its entry into the legacy sector. Bowker has been appointed to launch the reinsurance broker’s new Legacy Solutions proposition, which...
Posted: Sep 14, 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service pr...
Posted: Sep 14, 2022
Insurtech platform Accelerant has appointed Pete Horst as its new Chief Technology Officer (CTO). Within this role, he will lead functions spanning Accelerant’s proprietary data and technology platform that helps Members better understand risk, be...
Posted: Sep 14, 2022
A widening of the protection gap, says Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong domiciled reinsurer Peak Re, is “perhaps one of the most imminent threats” to the reinsurance business. Speaking to Reinsurance News, H...
Posted: Sep 14, 2022