Reinsurance News
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses, said Moody’s analysts in a recent report. Analysts highlighted that the reinsurers’ earnings...
Posted: Sep 05, 2022
QIC Global, the international specialty re/insurance subsidiary of Qatar Insurance Group, has announced the appointment of Stewart Smith as business development officer, effective immediately. Smith is set to work across all QIC Global entities to...
Posted: Sep 05, 2022
Bermuda based insurer R&Q Insurance Holdings Ltd has reported an overall loss of $136.7 million from operations before income taxes across its business segments during the first six months of 2022, following large investment losses caused by v...
Posted: Sep 05, 2022
The Jensten Group, provider of tailored insurance solutions, has unveiled its new underwriting business, Jensten Underwriting, which brings together three well known MGA’s under a single brand. According to the Group, its newly launched underwriti...
Posted: Sep 05, 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Steinberg & Associates, Inc., an independent agency based in Spartanburg, South Carolina. Steinberg & Associate...
Posted: Sep 05, 2022
Probitas 1492, an underwriting Syndicate at Lloyd’s of London, has announced that its managing agent, Probitas Managing Agency Limited, has signed an agreement with Enstar to undertake a split reinsurance-to-close (RITC) transaction to cover previ...
Posted: Sep 05, 2022
In Asia, persistent inflation is a threat to the profitability of the reinsurance market and is happening at a time of elevated weather-related losses for carriers, a trend Fitch warns could accelerate as a result of the changing climate. Analysts...
Posted: Sep 05, 2022
Eversheds Sutherland has announced the hire of Mark Everiss as a partner in its Insurance Group. Everiss holds over two and half decades of experience in the re/insurance sector across both contentious and non-contentious matters. He is also regul...
Posted: Sep 05, 2022
With lithium-ion (Li-ion) batteries having an increasing impact on shipping safety, prevention measures are crucial to tackle the risk of battery fires in vessels, according to a new risk bulletin from marine insurer Allianz Global Corporate &...
Posted: Sep 05, 2022
Intermap Technologies has announced Generali Romania is expanding its risk assessment capabilities by incorporating Intermap’s Aquarius RMA (Aquarius) cloud-based flood risk solution into its core insurance processes. The Aquarius software s...
Posted: Sep 05, 2022
Analysts at S&P Global Ratings have warned that investment market volatility will constrain China Reinsurance (Group) Corp.’s earnings, potentially eating into its capital buffer and potentially eclipsing the progress it has made in over...
Posted: Sep 05, 2022
AccuRisk Holdings, a leader in health solutions innovation has announced an investment in insurtech firm, MyHealthMath. MyHealthMath combines the power of big data and mathematical modeling with personalised live engagement to give employees, empl...
Posted: Sep 05, 2022
Paragon Insurance Holdings LLC, a Galway Holdings company writing all commercial lines of insurance, has acquired Reel Media, LLC, a insurance solutions provider for the broader entertainment and sports industries. This acquisition, Paragon noted,...
Posted: Sep 05, 2022
With the back-in-person Monte Carlo Rendez-vous reinsurance industry event happening in just a week’s time, PwC is highlighting the important role of re/insurers and underwriters in supporting the transition to net zero, as well as in enabli...
Posted: Sep 03, 2022
In a recent report, French reinsurance firm SCOR has addressed the potential challenges for the market amidst the growing concern of cyber-attacks on digital supply chains. SCOR states that cyber-attacks have been a growing anxiety over the last 1...
Posted: Sep 02, 2022
Compre, the Bermuda headquartered international legacy group has appointed Jonathan Zisaruk to the newly created role of Executive Director – Capital, Planning and Projects, effective 5 September, 2022. Zisaruk will be based in London and will rep...
Posted: Sep 02, 2022
Specialist insurer Beazley, has announced a new, efficient and effective online portal solution for its leading Weather Guard product. The new online portal, created in partnership with Paragon, will provide a faster service with no changes being...
Posted: Sep 02, 2022
Cowbell Cyber has hired Matthew Jones as its new chief strategy officer, while simultaneously appointing Sean Park to its board of directors. The firm said that Jones is joining the firm from Anthemis, where he was managing director after a stint...
Posted: Sep 02, 2022
Nick Pritchard has joined Aon as managing director for property retrocession in Bermuda. The move was announced on LinkedIn, with Pritchard joining the firm after two years with Vantage Risk Companies as its SVP and head of property catastrophe. P...
Posted: Sep 02, 2022
HIVE Underwriters, a London-based managing general agent (MGA), has announced the appointment of Jay Wigmore as Class Underwriter, as part of the company’s expansion into the General Aviation (GA) class. According to the announcement, in his new r...
Posted: Sep 02, 2022
S&P Global Ratings has said that global reinsurers are parting ways on natural catastrophe risk, with half growing their exposure in this area over the course of the year. Meanwhile, the S&P said that the remainder are taking a more cautio...
Posted: Sep 02, 2022
Domestic Turkish reinsurer VHV Reasürans had made two appointments to its senior management level. The firm said that Gürer Baykal will become assistant general manager of technical and claims, while Ali Arisoy will become treaty and business deve...
Posted: Sep 02, 2022
The UN Capital Development Fund (UNCDF) has announced the introduction of two new parametric micro-insurance products to cushion the impact of climate change in Fiji. The products, backed by customer-facing research and evidence, have been develop...
Posted: Sep 02, 2022
Following its latest Series A funding round, insurtech company Fairmatic has raised a total of $42M from Aquiline Technology Growth, Foundation Capital, and other insurtech, fintech and technology angel investors. The funding comes at a time of de...
Posted: Sep 02, 2022
Credit insurer Coface has hired David Schuerch as a reinsurance underwriter. The Zurich-based Schuerch is moving to the firm after over five-and-a-half years at Sompo International, where he was most recently an underwriter for trade credit, suret...
Posted: Sep 02, 2022