Reinsurance News
Verisk enhances claims management with EagleView assess integration
10th February 2025
EagleView, a provider of aerial imagery and insights, and Verisk, a provider of data analytics and technology solutions, have announced the integration of EagleView Assess into Verisk’s well-known Xactimate and XactAnalysis platforms, which are commonly used in property claims management. EagleView Assess utilises autonomous drones that are simple to operate to ... Read the full article
Public-private reinsurance scheme could benefit EU markets as climate change intensifies: Fitch
7th February 2025
Global ratings agency Fitch Ratings believes that insurance markets across the European Union (EU) could benefit if recent proposals to establish a bloc-wide public-private reinsurance scheme for climate-related losses moves forward. For background, the proposals were published in a joint paper by the ECB and the European Insurance and Occupational Pensions ... Read the full article
Helvetia and Breeze partner to revolutionise cargo insurance with advanced technology
7th February 2025
Helvetia Global Solutions Ltd (HGS), the global division of Helvetia Group that specialises in B2B2C and transport insurance solutions, has joined forces with Breeze, an insurtech company focused on cargo insurance within the logistics industry. This partnership combines Breeze’s technology with Helvetia’s expertise in international transport insurance, with the goal of ... Read the full article
CFC welcomes Wrana to its European corporate cyber team
7th February 2025
Specialist insurance provider CFC has announced the appointment of Dennis Wrana as Corporate Tech & Cyber Underwriting Manager - EMEA Wrana, who has close to a decade of industry experience, will be based in Barcelona and working alongside EMEA team leader, Ilaria Salvato. Prior to joining CFC, the executive spent almost four ... Read the full article
Ark reports 83% CoR in 2024 despite high nat cat losses
7th February 2025
White Mountains has released full-year results for its property and casualty re/insurance subsidiary, Ark Insurance Holdings Limited, reporting a combined ratio of 83% for the year ended December 31, 2024, compared to 82% in 2023. According to the firm, Ark's combined ratio included 13 points of catastrophe losses in 2024, primarily ... Read the full article
Brokerslink grows specialist global network with Wannet Sports addition
7th February 2025
Global broking business, Brokerslink, has added the independent broker and Dutch sports specialist, Wannet Sports Insurance to its network as a new affiliate in The Netherlands. Founded in Arnhem in 1995, the underwriting agency specialises in insuring sports clubs and athletes. Authorized by the Dutch Authority for the Financial Markets (AFM), Wannet ... Read the full article
Willis appoints Marsh’s Paul Graziano as Growth Leader for North America
7th February 2025
Brokerage Willis, a WTW business, has appointed Paul Graziano as the Growth Leader for North America, to drive the development of a consistent framework to unify its revenue growth efforts across Willis in the region. Graziano brings over thirty years of industry experience and has a strong background in working with ... Read the full article
Tearfund, Global Parametrics, and Humanity Insured launch drought insurance payout in Malawi
7th February 2025
Tearfund, a global Christian charity focused on ending poverty and injustice, has partnered with Global Parametrics, a provider of parametric risk transfer solutions, and Humanity Insured, a UK charity offering insurance to vulnerable communities, to announce the first-ever drought insurance payout for smallholder farmers in Malawi. The £80,000 payout is made ... Read the full article
Descartes adds Blanca Berruguete as Head of EMEA Distribution and Client Management
7th February 2025
Descartes, the corporate parametric insurance solutions for climate, cyber, and emerging risks, has appointed Blanca Berruguete as Head of Europe, the Middle East and Africa (EMEA) Distribution and Client Management, with a special focus on Europe. She will report to Descartes’ Co-founder and Chief Insurance Officer, Sébastien Piguet, and will be ... Read the full article
IAG Firemark Ventures invests in flood data platform 7Analytics
7th February 2025
IAG Firemark Ventures, the corporate venture capital arm of general insurer IAG, has invested in 7Analytics, a flood data platform. Based in Bergen, Norway, with a U.S. headquarters in Boston, MA, 7Analytics uses advanced geoscience and machine learning to develop predictive models for floods and landslides, helping residential and commercial property ... Read the full article
Poll suggests re/insurers to prioritise AI and machine learning in 2025
7th February 2025
As the re/insurance market progresses into 2025, the industry is prioritising innovation to stay ahead, with a high percentage (55%) focusing on AI and machine, a recent Reinsurance News poll has revealed. This emphasis on AI and machine learning reflects the growing recognition of its transformative potential in areas such ... Read the full article
AXA XL announces several promotions within UK & Lloyd’s Marine team
7th February 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced several promotions on its UK & Lloyd's Marine team, including Matthew Gysbers’ as Underwriting Manager. In his new role, Gysbers will manage the Marine Hull and War portfolio, UK & Lloyd’s, whilst maintaining a ... Read the full article
Talanx increases net income to €2bn in 2024
7th February 2025
Talanx Group, a European insurance provider and the parent of large reinsurer Hannover Re, reported a 25% increase in net income, reaching €1.977 billion for the 2024 financial year, based on preliminary figures. The company saw strong growth in insurance revenue, which rose 11% to €48.1 billion compared to €43.2 billion ... Read the full article
Sompo appoints Lily Claydon as Chief Risk Officer APAC
7th February 2025
Sompo, a global provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Lily Claydon as Chief Risk Officer for Asia Pacific (APAC), effective March 3, 2025. In this role, Claydon will lead risk management, governance, and analytics for APAC while also developing talent and capabilities across the region. She ... Read the full article
L&G to sell US insurance entity to Meiji Yasuda for $2.3bn
7th February 2025
Legal & General has agreed to sell its US insurance entity, comprising its US protection and US Pension Risk Transfer businesses, to Meiji Yasuda Life Insurance Company, a Japanese mutual life insurance company, for an equity value of $2.3 billion. Following completion, Meiji Yasuda will reportedly own L&G’s US protection business ... Read the full article
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