Reinsurance News
Shib Shankar Saha to lead newly launched Generali GC&C India
27th January 2025
Italian insurance giant Generali has announced the establishment of Global Corporate & Commercial (GC&C) India within Future Generali India Insurance, on January 1st, 2025, which will be led by Shib Shankar Saha as Head of GC&C India. The move marks the insurer’s entry into the regional market and aims to strengthen ... Read the full article
CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment
27th January 2025
CyberCube, a provider of cyber risk analytics, has partnered with Singapore-based Acclaim Insurance Brokers to enhance its cyber risk assessment capabilities. Founded in 1983, Acclaim is an independent risk and insurance brokerage firm committed to efficiently addressing the needs of enterprises. With a strong local presence, an extensive international network, and ... Read the full article
Sean Ryan to lead strategic business development at Ryan Re
27th January 2025
Insurer Ryan Specialty has appointed Sean Ryan to Ryan Re Underwriting Managers, a managing general underwriter in property and casualty treaty reinsurance, as Executive Vice President. Building upon the reinsurance business that Ryan Re has built since its founding in 2019, Ryan joins to lead the firm’s strategic business development. He has ... Read the full article
LA wildfires to cause minimal principal cat bond losses, issuance unaffected
27th January 2025
Fitch Ratings has noted that the Los Angeles wildfires will cause certain catastrophe bonds to experience partial principal losses, though these are not anticipated to impede issuance. According to a new report from the rating agency, while roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, ... Read the full article
Allianz Commercial names Chris Terry as Global Head of Underwriting for ART
27th January 2025
Allianz Commercial, part of global insurer Allianz, has appointed Chris Terry as the Global Head of Underwriting for Alternative Risk Transfer (ART) business. In the role, Terry will be responsible for driving the continued success of ART insurance products, which have become an important component of the overall insurance marketplace. In ... Read the full article
ZestyAI’s Severe Convective Storm suite receives approval in Minnesota
27th January 2025
Climate and property risk analytics provider ZestyAI has announced that its Severe Convective Storm suite, which includes Z-HAIL, Z-WIND, and Z-STORM, has received regulatory approval from the Minnesota Department of Commerce. This approval enables Minnesota insurers to better assess storm risks, enhance underwriting accuracy, and implement proactive risk management strategies. Minnesota has ... Read the full article
Arta Nasradini appointed Head of Aviation at SCOR P&C
27th January 2025
French reinsurer SCOR has announced the addition of Arta Nasradini to its Reinsurance Specialty Lines management team as Head of Aviation at SCOR P&C, with effect from February 1st, 2025. Nasradini brings a wealth of experience in underwriting aviation risks, having most recently led the DACH Aerospace portfolio team at global ... Read the full article
CoreLogic and Vexcel Imaging collaborate to provide enhanced visualisation
27th January 2025
Catastrophe risk modeller CoreLogic has entered a strategic alliance with Vexcel Imaging, a global leader in aerial imagery to get access to aerial imagery from the US, Canada, Western Europe and Australia, including post-disaster (Gray Sky) imagery captured after wildfires, hurricanes and tornadoes. This imagery is part of CoreLogic’s broader roadmap ... Read the full article
Envelop Risk bolsters leadership team with two senior promotions
27th January 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced the promotion of Graeme Bell to group chief operating officer and Simon Welton to the role of EVP – underwriting performance and strategic partnerships. Bell has been with Envelop since 2020, when he joined as a non-executive director, he was ... Read the full article
MS Amlin creates new Partnerships team, appoints Sam Geddes to lead
27th January 2025
Lloyd’s global re/insurer MS Amlin has launched a new team and business class, Partnerships, to refine its distribution strategy and explore growth opportunities across established and emerging markets. According to MS Amlin, the Partnerships team, which will complement its existing Insurance and Reinsurance divisions, will operate as an arm of the ... Read the full article
Reconstruction costs surge over 10 years, with stabilisation expected in 2025: Verisk
27th January 2025
Verisk, a company specialising in data analytics and risk assessment, has published a detailed report examining trends in reconstruction costs for residential and commercial properties across the United States. This comprehensive analysis, covering October 2014 to October 2024, draws on Verisk’s extensive building cost research and provides insights into the factors ... Read the full article
Steve Hutchinson joins Howden Hong Kong as Chief Broking Officer
27th January 2025
Global insurance and reinsurance broking group Howden has appointed Steve Hutchinson as Chief Broking Officer of Howden Hong Kong, reporting to Alfred Sham, Chief Executive Officer (CEO), Howden Hong Kong, effective immediately. Hutchinson will play a critical role in shaping the strategic direction of Howden Hong Kong. This is a part ... Read the full article
NFP appoints Lauren Kim as Regional MD, Northeast P&C
27th January 2025
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Lauren Kim to lead its property & casualty (P&C) business in the Northeast region. As Regional Managing Director, Kim will report to Kate Henry, President of NFP’s Northeast region. She will collaborate closely with her colleagues in ... Read the full article
Gallagher Bassett expands legal capabilities with acquisition of Caytons
27th January 2025
Gallagher Bassett (GB), a provider of claims and risk management solutions, has strengthened its legal capabilities with the acquisition of Caytons Law LLP (Caytons). This acquisition enhances GB's litigation offerings and complements the existing expertise of its in-house law firm, Strata Solicitors. The combined experience of Caytons and Strata Solicitors brings decades ... Read the full article
Lockton hires Ritu Sakuja as SVP, Product Management
27th January 2025
Insurance brokerage firm Lockton has announced the appointment of Ritu Sakuja as Senior Vice President, Product Management. Sakuja, who has over two decades of experience in product strategy and management, will be responsible for accelerating the delivery of innovative digital products for Lockton's People Solutions business. Lockton will benefit from the executive’s ... Read the full article
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