Reinsurance News
Delphi hires Jeffrey Lebovitz as Executive VP and CFO
20th November 2024
Insurance holding company Delphi has announced the appointment of Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer. In his new role, Lebovits will leverage his over 20 years of experience with major investment firms and global investment banks to oversee the financial operations of Delphi and be responsible for ... Read the full article
Embroker report reveals 93% of startups now use cyber insurance
20th November 2024
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its "2024 Cyber Risk Index: Startup Edition," revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilience, and investor appeal in a shifting cyber risk landscape. Nearly all startups now carry cyber insurance, with ... Read the full article
Aon’s NFP acquires certain assets of AnchorGroup
20th November 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of certain assets of EBA Services LLC dba AnchorGroup. Kiehl Hutchings from AnchorGroup will join NFP as Vice President of Benefits and will report to Kelly Smith, Senior Vice President of Benefits. Kate Henry, President of ... Read the full article
Technosylva acquires global cat modelling software firm KatRisk
20th November 2024
Technosylva, a provider of wildfire simulation modeller, risk analysis, and operational response software solutions, has acquired global catastrophe modelling software company, KatRisk. The pair will now offer an integrated approach for risk assessment, prediction, and response solutions across wildfires, floods, severe convective storms, and other extreme weather threats. This move aims to ... Read the full article
WTW, Kayna, and Vibrant partner for vendor cybersecurity insurance
20th November 2024
Global broker WTW has announced a partnership with Kayna, an embedded insurance infrastructure platform, and Vibrant to support third-party vendor cybersecurity insurance compliance. US-based vertical SaaS platform Vibrant manages third-party vendor cybersecurity oversight by tracking vendor insurance coverage directly with coverage information from carriers. Its innovative platform enables organisations with extensive vendor ... Read the full article
MS Transverse appoints Tanya Korobeinikova as SVP Ceded Reinsurance
20th November 2024
Specialty insurer MS Transverse Insurance Group has announced the appointment of Tanya Korobeinikova as Senior Vice President (SVP), Ceded Reinsurance. Korobeinikova brings more than 20 years of industry experience, specialising in underwriting, portfolio management, retro purchasing, global strategy, ILS, and analytics. She joins MS Transverse Insurance Group from NormanMax Insurance Solutions, where ... Read the full article
DWF to recruit Hall & Wilcox’s London market team
20th November 2024
DWF, a provider of combined legal and business services, has announced an agreement to recruit the London market team from Australian law firm Hall & Wilcox, with the move set to take effect by May 2025 at the latest. The team, led by Matt Curll and Rachael Arnold, is one of ... Read the full article
UIB Group expands presence in Asia with new office in Nepal
20th November 2024
United Insurance Brokers (UIB) Group has announced the official opening of a new representative office in Kathmandu, Nepal, as part of its ongoing expansion in Asia. With regulatory approvals from the Monetary Authority of Singapore and the Nepal Regulatory Authority, UIB is poised to strengthen its presence in the Nepalese market. The ... Read the full article
Achim Bosch named CEO of Deutsche Rück’s Supervisory Board
20th November 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since February 2018 and is set to retire at the end of June 2025. Prof. ... Read the full article
Sustainable infrastructure remains ‘super attractive’ as an asset class for insurers: Swiss Re’s Haegeli
20th November 2024
Reinsurance giant Swiss Re still positions sustainable infrastructure as being "super attractive" as an asset class, despite it still not being deemed as being an official asset class, according to Jérôme Jean Haegeli, Swiss Re’s Group Chief Economist. Speaking at Swiss Re's global economic and insurance market outlook event for 2025/26 ... Read the full article
Changes to reinsurance reforms may impact Australian insurers’ credit profiles, says Fitch
20th November 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium term if they improve access to reinsurance protection. But, the agency notes, that catastrophe reinsurance pricing and the frequency, severity ... Read the full article
BMS Group appoints Ryan Phillips as Director & African Practice Leader
20th November 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director, and his role will cover the entire African continent. He will collaborate with the broader BMS ... Read the full article
Lockton Re leverages Verisk models for U.S. agricultural insurance innovation
20th November 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will leverage Verisk's agricultural risk modelling tools, specifically the Multiple Peril Crop Insurance (MPCI) model and Crop ... Read the full article
Tokio Marine’s international segment sees Q2’24 profit of $1.62bn as NPW surge 15%
20th November 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97 billion). As per Tokio Marine, the primary driver of the profit increase ... Read the full article
Rokstone introduces parametric insurance with Lloyd’s Syndicate 3939
20th November 2024
Rokstone, a global specialty re/insurance MGA under the Aventum Group, has announced the launch of Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. The initiative begins with a global facility of USD 10 million, offering coverage for earthquakes, hurricanes, tropical cyclones, and typhoons. Robin Ungless, Deputy Chief Underwriting Officer at Rokstone ... Read the full article
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