Reinsurance News

Latin Re, a Brazilian reinsurance broker, has acquired a license for the advanced risk management software RiskExplorer, developed by Ultimate Risk Solutions (URS). This marks a milestone in the sector, establishing Latin Re as the first Brazilian...

Posted: Apr 24, 2024

Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has announced the appointment of Stephen Lee to the position of Managing Director, Banking Solutions. With Lee’s extensive experience in banking, this strateg...

Posted: Apr 24, 2024

Global climate risk coverage platform, Arbol, has announced the appointment of Deanne Nixon, a reinsurance consultant and former President and Chief Executive Officer (CEO), as Senior Advisor for Reinsurance. Nixon brings more than three decades o...

Posted: Apr 24, 2024

Pension Insurance Corporation plc (PIC) has launched a streamlined service called Mosaic, for small pension schemes looking to complete a buyout. According to the announcement, Mosaic will offer price monitoring as well as standard processes and c...

Posted: Apr 24, 2024

Lockton Re, the global reinsurance arm of the privately held independent insurance broker, has highlighted how a large cyber catastrophe event could have its benefits by pushing the market to work collaboratively and drive innovation and product d...

Posted: Apr 24, 2024

Alexander Roth has joined Howden Re International from legacy acquirer DARAG as Managing Director, Head of Capital and Operational Solutions Europe, effective May 1st, 2024. In his new role with the reinsurance broker, Roth will focus on retroacti...

Posted: Apr 24, 2024

Geo-coding and property intelligence expert, Addresscloud, has partnered with flood specialist JBA Risk Management to map the flood risk of over 280 million buildings across mainland Europe. With this new service, insurers, reinsurers, and brokers...

Posted: Apr 24, 2024

In its latest US Life & Health Insurance update, Moody’s analysts have highlighted improving capital risks transparency as regulators top priority as well as their concern regarding the increase in the use of offshore reinsurance by life insur...

Posted: Apr 24, 2024

DeNexus, a provider of cyber risk modelling solutions, has recently appointed industry veteran Isabelle Dumont as its new Chief Marketing Officer. In her new role, Dumont will lead the company’s global marketing initiatives, focusing on enha...

Posted: Apr 24, 2024

The insurance industry must use structured data and automation to address the issues derived from increasing incidents like extreme weather, economic or geopolitical events and cybercrime, M-Files highlights. In recent times, the world has witness...

Posted: Apr 24, 2024

Aspida, a life insurance and annuity company, has announced the appointment of two new hires, Jason Pedone as Chief Technology Officer and Derek Clinton as Director of Digital Product Management. These “strategic” new hires will play a pivotal rol...

Posted: Apr 24, 2024

Global commercial insurance rates climbed 1% in the first quarter of 2024, down from the 2% increase that was seen in the fourth quarter of 2023, according to the Global Insurance Market Index released by insurance broker and risk advisor and a bu...

Posted: Apr 24, 2024

Global broker BMS Group’s reinsurance division, BMS Re, has hired John Canavan as its new Chief Operating Officer (COO) in the US, reporting to Chris Brook, Group COO, and Andrew Wheeler, President of BMS Re. Canavan is a senior reinsurance...

Posted: Apr 24, 2024

Julie Briggs has been promoted to the role of vice president of Strategic Innovation and Emerging Markets and Asset Management Group Actuary, at Standard Insurance Company (The Standard). In her new role, she is expected to be responsible for the...

Posted: Apr 24, 2024

IQUW, the property and specialty re/insurer has launched FortiFI, the company’s new Financial Institutions (FI) wording featuring integrated cyber coverage, specifically tailored for US clients. According to the announcement, FortiFI will fo...

Posted: Apr 24, 2024

Specialist insurer Inigo Limited has surpassed $1 billion in gross written premium (GWP) in its third year of operation, as the company announces a significant, more than 400% rise in profit after tax of $144.5 million for the full year 2023. All...

Posted: Apr 24, 2024

Global insurer Chubb has reported a net income increase of 13.3% to $2.14 billion for the first quarter of 2024, supported by a stronger performance in both its property and casualty (P&C) and Life insurance businesses in the period. As well a...

Posted: Apr 24, 2024

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has unveiled Prime Tech with Cowbell Co-Pilot, a generative AI solution built into the underwriting process of Prime Tech. Prime Tech is Cowbell’s adaptive...

Posted: Apr 24, 2024

Supercede, a reinsurance tech firm, has announced the promotion of Tom Spier to the role of Chief Commercial Officer (CCO) following a year of growth. In his new capacity, Spier will spearhead the expansion of Supercede’s go-to-market teams and op...

Posted: Apr 24, 2024

Ping An has announced a rise in operating profit for Q1 2024 to RMB38,709 million (USD 5.34bn) on the back of a solid performance and growth in both its Property & Casualty (P&C) and Life & Health (L&H) insurance businesses. The Ch...

Posted: Apr 24, 2024

Zurich North America, the commercial property and casualty insurer, has appointed Kara Higginbotham as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will report to Brian Zink, the Head of Financial Lines, U....

Posted: Apr 24, 2024

Global insurer Chubb has announced its acquisition of Healthy Paws, a managing general agent (MGA) specialising in pet insurance, from insurance and reinsurance broker Aon. Chubb has been the exclusive underwriter of the Healthy Paws pet insurance...

Posted: Apr 24, 2024

The April storms that struck the United Arab Emirates, Oman, Saudi Arabia and other Gulf Cooperation Council (GCC) countries are expected to “push up” local insurers’ claims and reinsurance costs, say’s Moody’s. Analysts no...

Posted: Apr 23, 2024

With natural disasters being on the rise across developing states in Asia, the implementation of parametric insurance and reinsurance appears to be a natural fit for the region, according to Tom Johansmeyer, Global Head of Index Classes, Inver Re....

Posted: Apr 23, 2024

Hymans Robertson has revealed that the total value of buy-in and buy-out deals completed in the second half of 2023 was just under £28 billion, which means that the total for the year to 31 December 2023 was £49.1 billion, setting an all-time high...

Posted: Apr 23, 2024