Reinsurance News
Embedded insurance enhances product offerings in developed markets: AM Best
26th April 2023
According to ratings agency, AM Best, the growing use of embedded insurance in developed markets has provided a way to enhance product offerings and integrate risk protection directly into purchases. According to a new commentary by the ratings agency, there are still significant challenges to overcome in the consumer-facing channel of ... Read the full article
Swiss P&C insurers expected to maintain strong profitability in 2023/24: Fitch
26th April 2023
A new report from Fitch Ratings has highlighted how Swiss property & casualty (P&C) insurers will maintain their strong profitability throughout 2023 and 2024, due to disciplined pricing strategies that mitigate the effects of higher claims inflation. According to analysts, the non-life market - which includes health - average combined ratio ... Read the full article
EPIC launches dedicated private equity employee benefits group
26th April 2023
EPIC Insurance Brokers & Consultants, a retail P&C insurance brokerage and employee benefits consultant, has launched Private Equity Employee Benefits, a specialised group dedicated to serving Private Equity and Alternative Asset Management firms and their portfolio companies. The group is led by industry veterans Larry Kirshner and Ryan Dwyer. At the ... Read the full article
Alessandro Bonazzi named GC&C Head of Technical Excellence
26th April 2023
Generali Global Corporate & Commercial (GC&C) has announced the appointment of Alessandro Bonazzi as Head of Technical Excellence. “With his expertise and set of technical skills, Alessandro will focus on advancing Technical Analysis, Portfolio Management, and enhancing GC&C's sustainability commitments, to help us keep up our lifetime partner ambitions towards corporate ... Read the full article
Swiss Re partners with insurtech Benekiva on digital claims management
25th April 2023
Swiss Re Reinsurance Solutions has formed a strategic partnership with Des Moines-based insurtech Benekiva to develop an integrated claims management platform. The partnership will aim to combine Benekiva's claims administration system with Swiss Re's Claims Automated Rules Engine and expertise in risk management. The Integrated Claims Management Platform will support digital claims ... Read the full article
Economic & cyber hailed as biggest risks surrounding D&O: WTW & Clyde & Co
25th April 2023
According to a new survey from brokerage WTW and global law firm Clyde & Co, economic and cyber risks, particularly those associated with data loss and ransomware, are causing increasing concern for Directors and Officers (D&O). The Director’s and Officers’ Liability survey identifies the key risks that surround Directors across the ... Read the full article
Howden names Karl-Heinz Holz new CEO for Germany
25th April 2023
International insurance broker Howden has appointed Karl-Heinz Holz as new CEO of Howden Deutschland AG, taking over from Luigi Sturani, CEO of Europe, who has served as interim CEO of Germany in recent months. In the new role, Holz will focus on further strengthening customer satisfaction and integrating the comprehensive service ... Read the full article
BMS Re names Conduit Re’s Soria head of business solutions, co-head of casualty broking
25th April 2023
Specialty reinsurance broker BMS Re has appointed Erik Soria as head of new business solutions and co-head of casualty broking. Soria joins from Bermuda-based reinsurer Conduit Re, where he served as the head of US casualty since 2021. Before joining Conduit Re, Soria worked as the senior vice president of treaty casualty ... Read the full article
Chubb appoints Vaughan to lead its European PRS division
25th April 2023
Chubb, a global property and casualty insurer, has appointed Stephen Vaughan as Head of its European Personal Risk Services (PRS), division, effective June 1, subject to regulatory approval. In this new role, Vaughan will be responsible for the performance and development of Chubb’s high net worth personal lines business in the UK ... Read the full article
ZestyAI rolls out analytics solution for convective storms
25th April 2023
Climate and property risk analytics provider ZestyAI has announced that severe convective storms have joined the list of perils addressed by the its risk analytics platform. The company claims that Z-HAIL and Z-WIND are the first AI models to give carriers hail and wind risk assessment that can be used in ... Read the full article
Alliant launches new reinsurance brokerage division
25th April 2023
P&C commercial insurance broker, Alliant Insurance Services has announced the launch of its reinsurance brokerage division, Alliant Re. According to the announcement, Alliant Re leverages proprietary data and analytics, extensive industry relationships and insurance expertise to navigate complex market conditions and provide customised risk transfer solutions to protect insurers from large ... Read the full article
Berkshire (BHSI) hires three people in Germany in claims leadership positions
25th April 2023
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of three executives to claims leadership roles in Germany. Sandra Leyendecker has been promoted to Head of Casualty Claims. She joined BHSI in 2022 as Senior Casualty Claims Examiner. Leyendecker is a market veteran with more than ... Read the full article
Aon warns BESS operators to boost resilience against emerging cyber threats
25th April 2023
Aon, a global professional services firm, has urged asset owners and operators in the battery energy storage system (BESS) market to enhance their cyber resilience against emerging cyber threats, identifying operational technologies used in BESS control systems as an 'invisible' point of vulnerability. As the energy grid digitalises, cyber attacks are ... Read the full article
Trean Insurance Group acquisition by Altaris Capital Partners completed
25th April 2023
Trean Insurance Group, a provider of products and services to the specialty insurance market, has been acquired by Altaris, collectively with its affiliates, for $6.15 per share in cash. The transaction was completed five months after the companies announced they had entered into a merger agreement in December 2023. At ... Read the full article
SRG launches Specialist Risk Europe
25th April 2023
Specialist Risk Group (SRG) has launched Specialist Risk Europe, a new platform for its European operations, headquartered in Dublin, Ireland. SRG states that this announcement reinforces its commitment to its growth strategy and will build upon the success of the firm's existing specialisms. Lee Anderson, SRG Group Deputy CEO, commented, "We are ... Read the full article
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