Reinsurance News
CRC Group partners with AMRISC on new Insurisk property products
11th March 2019
U.S wholesale broker CRC Group has partnered with sister company AMRISC, LLC to build, develop and underwrite property programs for CRC producers to distribute. The partnership will build products under the Insurisk name, which CRC announced as the new brand name for its exclusive products. The first new product, called Insurisk CAT+, ... Read the full article
Swiss Re partners with Falls Lake & Arrowhead on parametric quake solution
11th March 2019
Global reinsurance giant Swiss Re has partnered with primary insurer Falls Lake and managing general agent Arrowhead for the launch of Quake Assist, a parametric insurance solution providing Business Interruption (BI) cover within California, even if no damage occurs to the insured’s building. “What makes this product unique is the fact ... Read the full article
China Re launches renewable energy consortium at Lloyd’s
11th March 2019
China Re Corporation has announced the launch of a renewable energy consortium at Lloyd’s, focused on reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium alongside Canopius Syndicate 4444 and Travelers Syndicate 5000. It is also supported Chaucer Syndicate ... Read the full article
Voce puts forward Argo Director nominees, Board responds
11th March 2019
Voce Capital Management, owner of approximately 5.8% of Argo Group’s shares, has put forward five independent candidates for its Board of Directors two weeks after claiming Chief Executive Officer Mark E. Watson III has been perpetuating “shockingly high and shockingly inappropriate” expenses for the past decade. The nominations have ... Read the full article
Solvency II proposals show “lack of progress” on key issues: Insurance Europe
11th March 2019
The adoption of the European Commission’s final acts amending the Solvency II delegated regulation show a “lack of progress” on a number of key issues, according to Insurance Europe. Olav Jones, deputy director general of Insurance Europe, explained that the proposals introduce some basic improvements but fail to address major industry ... Read the full article
Argo Group joins GBN Worldwide re/insurance network
11th March 2019
Specialty re/insurer Argo Group International Holdings has announced that it has become a member and network partner of GBN Worldwide, a global network of re/insurers, independent brokers, and specialty suppliers. Operating in more than 140 countries, brokers and local insurance companies in the GBN network grant partners mutual market access across ... Read the full article
Businesses need clarity to justify cyber investment: Brisson, Swiss Re
8th March 2019
Whilst the introduction of regulatory frameworks surrounding personal data continually heightens the legal and financial repercussions for a company seen to have mishandled it, obtaining sufficient cyber cover is becoming an increasingly higher-stakes game. In a recent discussion with Reinsurance News, Swiss Re Corporate Solutions’ Head Cyber Technology EMEA APAC LATAM, François ... Read the full article
Beazley expands environmental liability coverage
8th March 2019
Specialty re/insurer Beazley has expanded the coverage provided by its environmental liability insurance policy, ECLIPSE, to offer new risk transfer solutions for businesses, landowners, and real estate investors. ECLIPSE provides environmental liability and pollution clean-up insurance, alongside risk management services that help control pollution risks associated with transactional and operational hazards, ... Read the full article
Insurtech firm Hippo Insurance integrates Verisk solutions
8th March 2019
Hippo Insurance, a California-based insurtech company focused on home insurance, has announced that it has integrated Verisk solutions into its full range of products. By using data from Verisk, Hippo says it can automatically fill in the information needed to quote and bind a home insurance policy and supply customers with ... Read the full article
Experts cautiously optimistic on April & mid-year renewals: AIFA
8th March 2019
Experts are generally expressing cautious optimism about the prospects for reinsurance rate increases at the upcoming April and mid-year renewals, according to analysts attending the Association of Insurance and Financial Analyst (AIFA) Conference this week. The Buckingham Research Group noted that there was meaningful optimism on the upcoming renewals despite some ... Read the full article
Everest adds Ayesha West from Navigators as Cyber VP
8th March 2019
Everest Insurance, a division of global insurer and reinsurer Everest Re Group, has appointed Ayesha West as Vice President of its cyber insurance group. West will be tasked with the management and development of the company’s national cyber insurance underwriting team and will be based in New York, reporting to Head ... Read the full article
Munich Re develops insurance for long-term battery performance
8th March 2019
Global reinsurance giant Munich Re is the first re/insurer to provide a solution that protects battery performance, enabling manufacturers in the battery market to offer long-term performance guarantees. Munich Re's latest development in the energy sector sees it become the first in the world to offer long-term insurance for battery performance, ... Read the full article
Emerging Asia’s expanding ecosystem is substantial, self-sufficient: Peak Re’s Kershaw
8th March 2019
There’s an expanding ecosystem in emerging Asia which is now substantial and self sufficient for the majority of its business, according to Peak Re’s Managing Director of Global Markets, Chris Kershaw. Addressing an audience yesterday in the Old Library at the Lloyd’s of London headquarters, Kershaw said it is no longer ... Read the full article
Munich Re’s ERGO to sell four more European units to EIG
8th March 2019
ERGO International AG, a division of global reinsurer Munich Re, has announced that it plans to sell four more of its European insurance subsidiaries to Euroins Insurance Group (EIG). Representatives of both parties have signed a purchase agreement relating to the sale of ERGO’s life and non-life subsidiaries in Romania and ... Read the full article
Lockton forms reinsurance business, names leadership
8th March 2019
Re/insurance broker Lockton has moved to form a new global reinsurance business, Lockton Global Re. Lockton has stated that reinsurance is a critical pillar of its aggressive growth plan and this new business will, under the leadership of the firm’s Chief Executive Officer Ron Lockton, look to build out its current ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
