Reinsurance News
Brokerslink launches new Risk Management Practice
3rd May 2023
Global broking business Brokerslink has announced the launch of a dedicated Risk Management Practice (RMP) to provide its partners and affiliates with access to single-access specialist consultancy service. Led by Jorge Luzzi, the CEO of Brokerslink partner RCG Global, brings together the risk management skills, knowledge and expertise of network specialists. Working ... Read the full article
Generali shareholders approve board additions & dividend
3rd May 2023
Generali shareholders have voted to approve the company’s 2022 financial statements and distribution of its dividend, as well as to approve the appointment of Stefano Marsaglia as a member of the Board of Directors. Marsaglia will hold office for the financial years ending on 31 December 2023 and 2024, and will ... Read the full article
Robbin Botnick appointed Lions Gate MD & head of corporate development
3rd May 2023
Lions Gate Underwriting (LGU), an independent underwriting agency and Lloyd’s coverholder, has announced the appointment of Robbin Botnick as managing director and head of corporate development. A highly respected insurance executive, Botnick brings more than 25 years of experience to the role. Based in Toronto, she will report to Brian Gomes, ... Read the full article
Risk Strategies acquires large volume bond producer in the US
3rd May 2023
Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has acquired JW Surety Bonds, a large volume bond producer in the US, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bond Associates, Inc. Terms of the deal were not announced. Based in Pennsylvania, JW Surety ... Read the full article
Obsidian names Schroder as Reinsurance Placement Executive
3rd May 2023
Obsidian Insurance Holdings appointed Theresa Schroder as Reinsurance Placement Executive. Prior to joining Obsidian, she served as Director of Captive Underwriting & Reinsurance at Risk Services, LLC. She worked at Risk Services, LLC for over 18 years in various underwriting roles. Before Risk Services, LLC, she worked at Erie Insurance Group for about ... Read the full article
Munich Re warns of increasing cyber risk accelerated by AI, IoT, geopolitical conflict
2nd May 2023
Munich Re has warned that future cyberattacks will be accelerated by key technology trends such as artificial intelligence (AI), the "metaverse," and expanding IT, Internet of Things (IoT), and operational technology (OT) worlds. While these technologies offer great opportunities for society, businesses, and governments, they also create new attack surfaces, vulnerabilities, ... Read the full article
Vesttoo hires Jon Ewing as Chief Marketplace Officer
2nd May 2023
Vesttoo, an insurance risk transfer and investment platform, has appointed Jon Ewing as Chief Marketplace Officer. Towards his new role, Ewing brings over two decades of extensive experience in financial services, as well as possessing expertise in launching trading platforms. As Chief Marketplace Officer, Ewing will spearhead the development of Vesttoo's digital ... Read the full article
Swiss Re hands Patrick Roder Head Casualty Underwriting role for EMEA
2nd May 2023
Global reinsurer Swiss Re has announced the appointment of Patrick Roder as Head of Casualty Underwriting for Regional Markets in Europe, the Middle East and Africa (EMEA). Roder has served as Head of Casualty Research and Development (R&D) since re-joining Swiss Re in July 2021, having previously worked at the reinsurer ... Read the full article
PPL launches API project with Morning Data partnership
2nd May 2023
Placing Platform Limited (PPL) and Morning Data have announced that they are working together to explore how to utilise EOS Contract (CDR) Checker to accelerate PPL’s Next Gen platform’s ability to create CDRs through the placement process. The service, a headless RESTful API, uses an easy-to-implement process to consume, test and ... Read the full article
VIG Re reports improved combined ratio of 91.9% for 2022
2nd May 2023
VIG Re has published its annual report showcasing a combined ratio improvement of approximately 4.2 ppt to 91.9% in 2022, compared from the 2021 combined ratio of 96.1%. The company’s profit before taxes stands at EUR 30.7 million for 2022, which is a 14.6% increase from the previous year which was ... Read the full article
Coalition launches next generation Cyber Risk Management Platform
2nd May 2023
Cyber insurance provider Coalition has launched the next generation of its cyber risk management platform, Coalition Control. The platform combines cyber risk monitoring, assessment, and quantification tools with third-party risk management and AI-powered assistance to provide unparalleled risk management capabilities to organizations of all sizes. "Releasing the next generation of Coalition Control ... Read the full article
Arbol and The Institutes RiskStream Collaborative announce partnership
2nd May 2023
Global climate risk coverage platform Arbol, and The Institutes RiskStream Collaborative, the insurance industry's largest blockchain consortium, have announced a strategic partnership to transform parametric insurance. According to the announcement, the collaboration aims to leverage blockchain technology to streamline data flow, increase transparency, and enable rapid payouts in parametric insurance and ... Read the full article
Pacific Life Re & Zurich enter £1.6bn longevity hedge with YCB
2nd May 2023
The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has announced a longevity swap transaction with Pacific Life Re International and Zurich Assurance to manage longevity risk in relation to £1.6 billion of pensioner liabilities. The arrangement will provide long term protection to the scheme against costs resulting from pensioners or their ... Read the full article
WTW launches next-generation trading solution to connect underwriters and brokers at speed
2nd May 2023
Re/insurance broker WTW has announced the global launch of Neuron, a digital insurance platform that uses cutting-edge technology to help underwriters and brokers connect and trade more easily. The platform also helps improve both the speed and cost of doing business through digitisation, automation and better use of data. WTW stated that ... Read the full article
Ageas Re strengthens team with new hires
2nd May 2023
Ageas Group's reinsurance brand, Ageas Re has announced it is growing its team as it welcomes a number of new hires all over the world. Joining the company from Axis Re, Wolfgang Amiras has been named Senior Underwriting Manager, a Zurich-based role. Amiras will cover Germany, Austria, Switzerland, the Nordics and CEE ... Read the full article
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