Reinsurance News

Rokstone Agriculture acquires specialist team to launch new Farm & Ranch Division

30th November 2022

Rokstone Agriculture Risk Underwriters, the US Agriculture division of the international speciality re/insurance MGA, Rokstone, has acquired senior underwriters Joshua Lauth and Michael Theibert to launch a new specialist Farm and Ranch division based in Ohio. Joshua Lauth, who has been appointed President, was previously Agribusiness Region Leader at Westfield. During ... Read the full article

Commercial lines premiums up YoY through Q3: Applied

30th November 2022

Applied Systems, a global provider of cloud-based software that powers insurance businesses, has released the third quarter results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The index shows that average premium rates increased year-over-year in Q3, while quarterly rate change experienced variability across the most commonly ... Read the full article

Christine DeBiase joins Allstate as Chief Legal Officer

30th November 2022

US primary insurer Allstate has announced that Christine DeBiase will join the company as Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, effective January 3rd, 2023. In this role, DeBiase will lead Law and Regulation and Allstate’s sustainability strategy. DeBiase brings more than 25 years of insurance industry and ... Read the full article

Acrisure appoints Boyd as active underwriter for Flux Syndicate at Lloyd’s

30th November 2022

Global insurance broker and fintech platform, Acrisure, has appointed Richard Boyd as active underwriter for Flux Syndicate at Lloyd's. Boyd joins Acrisure from Allianz Risk Transfer (ART), having begun his career there in London in 2005, and moving to ART Bermuda in 2008. Boyd subsequently became head of insurance-linked markets at the ... Read the full article

Core Specialty launching Habitational Excess Liability Program with PRF

30th November 2022

Core Specialty Insurance Holdings, Inc. and its subsidiaries have announced the launch of an excess liability program covering habitational risks with Professional Risk Facilities (PRF). The program will be marketed publicly under the name Habitational Risk Facilities (HRF) and is the second PRF program to receive Core Specialty capacity support. A press ... Read the full article

Global reinsurers driving premium growth so far in 2022: Gallagher Re

30th November 2022

Premium growth in the first nine months of 2022 has been driven by global reinsurers, says reinsurance broker Gallagher Re in a new analysis. The firm said that the (re)insurers it tracked reported YOY premium growth of 13% by Q3, but the strongest increases came from global reinsurers and reached 18.2%. It ... Read the full article

Löger named CEO amid VIG Board change-up

30th November 2022

Hartwig Löger has been named as Chief Executive Officer and Chairman of the Managing Board of Vienna Insurance Group (VIG), following a vote on the future composition of the Board. Löger will take over from 1st July 2023, with Peter Höfinger to serve as his deputy. Also comprising the new Board are ... Read the full article

MGU Navitas Assurance Partners announces its launch

30th November 2022

Navitas Assurance Partners has announced its launch as a managing general underwriter to provide alternative energy assurance solutions through investment-grade trade credit and commercial surety providers. Founder and Managing Director of Navitas Assurance Partners, Jay Rose, commented, “We are working to change the paradigm for alternative assurance. "Our team is here to ... Read the full article

Zschech named AGCS Global Head of Industry Solutions & Client Management

30th November 2022

The corporate insurance carrier of Allianz Group, Allianz Global Corporate & Specialty (AGCS), has appointed Martin Zschech to the newly created role of Global Head of Industry Solutions & Client Management. Additionally, he will also take the role of Global Industry Solutions Director for Financial Services from Paul Schiavone who, according ... Read the full article

Insurance bill for Australian storms & floods reaches $12.3bn: ICA

30th November 2022

New data from the Insurance Council of Australia (ICA) suggests the insurance bill for storms and floods since January 2020 has reached $12.3 billion. According to the ICA, every eastern state has been impacted by flooding over the last three years, while South Australia and Western Australia have been hit by ... Read the full article

AM Best says outlook for global reinsurance stable despite uncertainty

30th November 2022

Rating agency AM Best has announced it is maintaining its stable outlook on the global reinsurance segment, despite market conditions being highly uncertain. AM Best analysts noted that despite most drivers not being seen as stable in isolation, overall a number of positive factors are counterbalanced by negative ones. According to the ... Read the full article

Marsh names Paul Knowles Global Head of PEMA

30th November 2022

Global insurance broker and risk advisor, Marsh has appointed Paul Knowles as Global Head of its Private Equity and M&A (PEMA) Practice, Marsh Specialty. Knowles is currently the Head of Marsh Specialty, Continental Europe. He will start his new role in January and will relocate from London to New York in ... Read the full article

WTW launches new geopolitical risk research programme

30th November 2022

WTW, the global advisory, broking, and solutions company, has announced the launch of a new geopolitical risk research programme to bring together world experts and build resilience against escalating threats. According to the announcement, this three-year programme will apply war-gaming and scenario planning to test the vulnerability of organisations to changing ... Read the full article

SCOR completes £1.7bn longevity transaction with Balfour Beatty Pension Trust

30th November 2022

Global reinsurer SCOR has participated in a £1.7bn longevity swap transaction with Balfour Beatty Pension Pension Trust, with Zurich UK acting as an intermediary insurer, leveraging a “pass-through” structure that facilitates the risk transfer to SCOR as the reinsurance provider. This longevity swap and reinsurance deal, said the firm, will cover the ... Read the full article

Mosaic Insurance opening new office in Frankfurt

30th November 2022

Mosaic Insurance has announced the opening of an office in Frankfurt, Germany, to help drive the high demand for cyber and transitional liability coverage through Continental Europe. The office marks the sixth for Mosaic since its launch last year, following those in Bermuda, London, New York, Chicago, and Read the full article