Reinsurance News
Gallagher Re has reported that underwriting results were “exceptionally strong” for global re/insurers across the board in H1 2022 with an average combined ratio of 94.1%, and all but three re/insurers posting a sub-100% combined ratio...
Posted: Aug 23, 2022
AXA XL, the property and casualty and specialty risk unit of AXA, has announced the appointment of Katy Bradica as Chief Pricing Actuary for AXA XL Reinsurance. In her new role, Bradica will lead the Reinsurance Pricing & Analytics function an...
Posted: Aug 23, 2022
The global reinsurance arm of Legal & General Group, L&G Re, has announced that Karan Martin has taken on the role of Chief Operating Officer (COO). Martin joins the company from Maryland where she was Chief Operating Officer at Legal &...
Posted: Aug 23, 2022
CoreLogic has announced an extended relationship with Google Cloud to support the launch of its new CoreLogic Discovery Platform. Built on Google Cloud’s infrastructure, Discovery Platform provides a comprehensive property analytics environment an...
Posted: Aug 23, 2022
Analysts at Goldman Sachs believe that London Market (LM) names can benefit from the current tailwind of cat reinsurance lines as price increases earn through to the P&L. LM names have focused on growing profitable business lines with attracti...
Posted: Aug 23, 2022
Flood risk modeller Fathom has partnered with Reask, a climate risk analytics firm specialised in atmospheric hazard models, to create combined wind and flood risk models. This “strategic” partnership aims to provide insurers, banks and ESG-focuse...
Posted: Aug 23, 2022
Global law firm Clyde & Co has welcomed the new autonomous vehicles report from the UK government as a positive step forward, highlighting a few points regarding liability and insurance. These include its support for the need of a clear bright...
Posted: Aug 23, 2022
Marsh has collaborated with Liberty Specialty Markets and AIG to launch a new re/insurance facility that provides capacity to green and blue hydrogen energy projects. The facility will provide up to $300m of cover per risk for the construction and...
Posted: Aug 23, 2022
According to GlobalData, rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers over the next two years. Premium growth is expected to be slower as rising in...
Posted: Aug 23, 2022
Lloyd’s managing agent Argenta has broken down the forecast results for the 2020 and 2021 years of account released by Lloyd’s for all syndicates supported by third party capital, together with an aggregate position for those syndicates with...
Posted: Aug 23, 2022
Facultative reinsurer Chedid Re has announced the appointment of Uptal Dutt as Portfolio Manager – Casualty & Financial lines, based in Dubai. Dutt brings over nine years of experience in the industry. Prior to joining Chedid Re he was a...
Posted: Aug 23, 2022
Ping An Insurance Company of China, Ltd. has launched PingAn-3 – also known as Taijing-1 01 – the company’s first earth observation optical remote sensing satellite. PingAn-3, launched at the Jiuquan Satellite Launch Center, will join Intern...
Posted: Aug 22, 2022
R&Q has won the support of another key investor as it fights to prevent the removal of its Executive Chairman, William Spiegel, following its failed acquisition by Brickell PC Insurance Holdings and a percieved downturn in fortunes since then....
Posted: Aug 22, 2022
The American Property Casualty Insurance Association (APCIA) has submitted comments to the International Association of Insurance Supervisors (IAIS), opposing its draft criteria for determining whether the U.S.-backed Aggregation Method (AM) for a...
Posted: Aug 22, 2022
Insurance and analytics provider Verisk has appointed Olumide Soroye as independent director of the company’s Board of Directors, effective immediately. Soroye brings 30 years of leadership experience across multiple industries towards the role. M...
Posted: Aug 22, 2022
Reinsurance firm TehranRe has been established with capital of around $20m. The firm said it will offer capacity for the local Reinsurance Market by providing risk assessment tools, ILS, and innovative solutions, according to customer needs. Esmai...
Posted: Aug 22, 2022
Vesttoo has entered a partnership with Clear Blue Insurance Group to deploy $1bn in reinsurance capacity to Clear Blue’s P&C lines over the next year. A statement from the two firms said that the partnership is part of Vesttoo’s vision to brid...
Posted: Aug 22, 2022
As European insurers report their 2022 mid-year results, it is becoming apparent that large unrealised losses have been incurred on their investment portfolios due to the deteriorating economic environment, according to a new report by rating agen...
Posted: Aug 22, 2022
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2020 and 2021 years of account, based on second quarter 2022 estimates. T...
Posted: Aug 22, 2022
At-Bay has acquired Relay, a technology solutions provider enabling the digital transformation of commercial insurance placements. Relay will continue to serve a growing list of brokers and partners as an independent entity, under its own manageme...
Posted: Aug 22, 2022
Broking firm WTW has announced the appointment of Sean Deehan as Leader for Hong Kong and Macau, effective from the 1st of September 2022. Deehan holds 25 years of life insurance, health insurance and pensions experience, including more than 10 ye...
Posted: Aug 22, 2022
HDI Global SE has appointed Colin Lavey to the role of Director of Liability for its UK and Irish branches, effective immediately. Lavey joined HDI in 2017 as a Senior Underwriter and takes over the role from Owen Digman, who left the business in...
Posted: Aug 22, 2022
According to a new AM Best report, the recent spike in dedicated reinsurance capital growth may prove short-lived, given expectations for depressed investment markets, continued geopolitical turmoil and a potential decline in global gross domestic...
Posted: Aug 22, 2022
Saudi Re saw a dip in gross written premiums (GWP) in H1 2022, compared to the same period in the year before. The reinsurer said that GWP over the period was SR 920m riyals. The same period in 2021 saw GWPs of SR 955m. According to the firm, the...
Posted: Aug 22, 2022
R&Q Insurance Holdings Ltd has appointed Robert Legget as Senior Independent Director. He will join the Board as of 26 August, 2022. Alastair Campbell, current Senior Independent Director, will remain an Independent Director. He will retire as...
Posted: Aug 22, 2022