Reinsurance News
The global non-life run-off market continues to grow, says PwC, with estimated liabilities rising 11% to $960bn since the beginning of 2021, according to its latest Global Insurance Run-off Survey. PwC estimates that since the last survey, over 50...
Posted: Sep 12, 2022
CyberCube, a cyber risks analytics provider, has announced its partnership with AkinovA, an electronic marketplace for the transfer and trading of insurance risk, to enable AkinovA’s clients to benefit from CyberCube’s modelling and analytics. Thr...
Posted: Sep 12, 2022
Insurance and reinsurance broker WTW has added Christian Ryan to its North America Corporate Risk & Broking division as Industry Specialties Leader. WTW states that Ryan, whose career has focused solely on industry specialisation and expertise...
Posted: Sep 12, 2022
Reinsurance giant Swiss Re has reported that it intends to “further grow and diversify” its natural catastrophe portfolio as it capitalizes on opportunities to hedge the current volatile environment with insurance solutions. Ahead of the company’s...
Posted: Sep 12, 2022
MS Reinsurance is a new brand in the market after MS Amlin AG, the global reinsurance arm of MS&AD that is domiciled in Switzerland announced a rebranding today. The change will occur this month, with the company set to be known as MS Reinsura...
Posted: Sep 12, 2022
Brace Underwriting has announced the appointment of Tom Sambrook as head of underwriting. According to the company, Sambrook will play an integral role in overseeing the underwriting strategy, market engagement and capacity partnerships. He will b...
Posted: Sep 12, 2022
Zurich-based catastrophe loss aggregator PERILS has expanded its market coverage to include exposure and event loss data for European floods. The new service, which comes in the wake of devastating floods across Europe in 2021, will enhance the fi...
Posted: Sep 12, 2022
In the face of challenging macroeconomic headwinds, SCOR is sticking to its governing principles and keeping hold of the risks that it chooses to underwrite, says Chief Executive Officer (CEO) Laurent Rousseau. Speaking during a press briefing at...
Posted: Sep 11, 2022
Kathleen Reardon, Chief Executive Officer (CEO) at Hiscox Re & ILS, has said that she sees “interesting opportunities” for her company at the upcoming January 1st renewals, as signs point to continued reinsurance price increases. Speaking in a...
Posted: Sep 11, 2022
Munich Re has no ambition to shrink its capacity on offer at the upcoming January 2022 renewals, according to Torsten Jeworrek, CEO of Reinsurance and a member of the Board of Management at the German reinsurance giant. Speaking during a press bri...
Posted: Sep 11, 2022
Reflecting on several years of large global catastrophe losses and unprecedented systemic shocks, Swiss Re Group Chief Underwriter (CUO) Thierry Léger says that the reinsurance industry has “proven its role as shock-absorber.” Speaking to Reinsura...
Posted: Sep 11, 2022
Stefan Holzberger, Chief Rating Officer at AM Best, has revealed that his company currently has three newco dedicated cyber insurers in the pipeline for initial rating. The rating agency executive disclosed the imminent entrance of three new cyber...
Posted: Sep 11, 2022
According to AM Best market segment report, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends; however, these reinsurers have remained well capital...
Posted: Sep 11, 2022
The full extent of insurance and reinsurance losses stemming from the conflict between Russia and Ukraine remains a murky subject with many unknown factors, but analysts at Fitch Ratings are confident that the war will prove to be a “contained ris...
Posted: Sep 11, 2022
Lockton Re, the global reinsurance broking arm of the independent intermediary company, has this morning announced the launch of Lockton Re Capital Markets (LRCM), a dedicated specialist arm for capital markets and ILS activities. Zachary Breslin...
Posted: Sep 11, 2022
IQUW, the property, commercial and speciality re/insurer, has hired Dan Warburg as its new Head of Reinsurance, London. The company has also promoted Rene Lamer to Head of Reinsurance, Bermuda. Warburg was most recently at Lancashire’s Syndicate 2...
Posted: Sep 11, 2022
The US cyber market saw continued and increasing demand for its products in 2021, according to a new report from re/insurance broker Aon. The report, US Cyber Market Update: 2021 Cyber Insurance Profits and Performance, said the number of insurers...
Posted: Sep 10, 2022
New Paradigm Underwriters, a specialist managing general underwriter and insurtech platform focused on parametric risk transfer, has announced the departure of co-founder and member Evan Glassman. The company confirmed that, going forward, Glassma...
Posted: Sep 10, 2022
A positive pricing momentum for reinsurance will help alternative capital – capital from investors in the form of collateralized reinsurance, catastrophe bonds and reinsurance sidecars – to restart growth after five years of poor returns, accordin...
Posted: Sep 09, 2022
Hugh Barbanell has joined Aon as Senior Managing Director for the Caribbean Region. In this new role, he will be based in Miami, Florida. The announcement was made via LinkedIn, with Barbanell joining the firm after sixteen years with SCOR, where...
Posted: Sep 09, 2022
The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has appointed Catherine Rudow to the newly created role of Global Head of Cyber Reinsurance. Rudow assumes responsibility for strategically expanding th...
Posted: Sep 09, 2022
Ageas Group has selected eBaoTech’s InsureMO platform for its digital transformation as part of its strategy to explore and invest in new growth engines. Ageas plans to leverage InsureMO – a PaaS platform designed to accelerate insuran...
Posted: Sep 09, 2022
Analysts at S&P have assured that no immediate impact to ratings will be felt following Argo Group International Holdings’ sale of its Lloyd’s Syndicate 1200 and Argo Underwriting Agency Ltd. to Westfield Specialty. However, the rating a...
Posted: Sep 09, 2022
Lions Gate Underwriting, an independent underwriting agency and Lloyd’s coverholder, has appointed Mario Andrade to the Lions Gate Latin America underwriting team as managing director of its financial lines division. Based in Mexico, Andrade will...
Posted: Sep 09, 2022
Premium renewal rates for major commercial lines of business remain up year-over-year, according to the latest edition of the IVANS Index, despite fluctuations on a monthly basis. All lines of business expect Workers’ Compensation were up YoY, the...
Posted: Sep 09, 2022