Reinsurance News
Distinguished Programs hires new VP, National Agency Sales for Fine Art & Collectibles program
20th November 2024
Distinguished Programs, the national insurance program manager, has appointed Darryl Proniuk as Vice President, National Agency Sales for the firm's Fine Art and Collectibles program. In the role, Proniuk will be expected to cultivate relationships with key brokers and consumers, ultimately driving the growth of Distinguished's Fine Art and Collectibles program ... Read the full article
Chaucer’s Nicola Stacey elected President of CII
20th November 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in the UK and internationally. Stacey, who is currently the Deputy President of the CII, will succeed Ian Callaghan ... Read the full article
AnchorWatch now a Lloyd’s of London Coverholder
20th November 2024
AnchorWatch, an insurer specialising in bitcoin custody, has received a Lloyd’s of London Coverholder position. This milestone solidifies AnchorWatch’s position in the emerging market of insured bitcoin custody solutions. The firm will officially open for business in December 2024, with binding authority of up to $100 million per customer, aiming to safeguard ... Read the full article
Thomas Coyne named Head of Insurance at VOOM
20th November 2024
VOOM Insurance, a company specialising in InsurTech and developing usage-based insurance solutions for the evolving mobility landscape, has appointed Thomas Coyne as Head of Insurance. With more than 30 years of experience in the property and casualty insurance sector, Coyne brings extensive expertise in product management, pricing, underwriting, and general management, ... Read the full article
One80 expands reinsurance offering with MGU Waypoint acquisition
19th November 2024
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason Denechaud, Managing Partner, Waypoint, commented: “One80’s values are closely aligned with our focus on teamwork, transparency, accountability, and respect. ... Read the full article
Hokodo to use Munich Re’s Talaria to expand its geographical footprint
19th November 2024
Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets. By leveraging Talaria’s credit underwriting algorithms and financing capabilities, Hokodo will broaden its solutions across Europe, enabling B2B merchants and marketplaces to ... Read the full article
Insurers call on Canada’s federal government to move forward with national flood insurance program: IBC
19th November 2024
October storms in Southern British Columbia, Canada, resulted in over $110 million in insured damages, as per initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). In response to these escalating costs, insurers urge the federal government to move forward with the implementation of a National Flood Insurance Program to better ... Read the full article
InsuranceDekho bolsters its leadership team with senior appointments
19th November 2024
India-domiciled insurtech InsuranceDekho has bolstered its senior leadership team with the appointments of Navneet Bhatt as Chief Business Officer, Vivek Aggarwal as Head of Finance (Vice President), and the promotion of Aman Batra to Chief Strategy Officer. These appointments align with the insurtech's growth strategy after a recent hiring expansion, reinforcing ... Read the full article
Delos appoints Gloria Hendrickson as Head of Reinsurance
19th November 2024
Delos Insurance Solutions, a property insurance MGA, has announced the appointment of Gloria Hendrickson as its new Head of Reinsurance. In her new role, Hendrickson will focus on securing reinsurance capacity for new programs and strengthening relationships with reinsurance partners. Kevin Stein, CEO of Delos Insurance Solutions, expressed enthusiasm for Hendrickson’s appointment, ... Read the full article
MS Amlin reports HY’24 profit of £87m as CoR improves to 84.5%
19th November 2024
In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through effective asset-liability matching. At the same time, MS Amlin's insurance service profits ... Read the full article
Bermuda plays key role in reinsurance innovation and collaboration: PwC’s Wightman
19th November 2024
The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change. Arthur Wightman, PwC Territory Leader, opened the summit by emphasising that it was not just an opportunity to reflect on the growth and resilience ... Read the full article
Davies continues North American expansion with Barker Claim acquisition
19th November 2024
Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provides professional claims handling and loss adjusting expertise predominantly across property, casualty and motor claims to insurers, municipalities and self-insured corporates ... Read the full article
PPL launches new underwriter dashboard to enhance workflows
19th November 2024
Placing Platform Limited (PPL) has introduced its new underwriter dashboard to help users manage high volumes of business activity on the platform. Functioning like a worklist, the updated dashboard structure and user interface will help underwriters to locate work items easily and highlight outstanding tasks. The new underwriter dashboard enables users to ... Read the full article
Carrow Insurance launches to serve European mid-market sector
19th November 2024
Carrow Insurance, a newly launched Managing General Agent (MGA), has entered the European mid-market insurance sector under the leadership of Ronan Conboy, former CEO of AmTrust International. The company specialises in Warranty, Accident & Health, and Income & Payment Protection products, delivered through a network of brokers and distribution partners. Supported by ... Read the full article
Acrisure London Wholesale promotes Tom Quy to Managing Director
19th November 2024
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has promoted Tom Quy to Managing Director, effective January 1, 2025. He succeeds John Sutton, who will transition into a new role as a consultant, providing strategic guidance to the ALW management team. Quy will report to Simon Hedley, Global Chief ... Read the full article
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