Reinsurance News
Hannover Re names James Ng CEO of Malaysian Branch
12th February 2025
Global reinsurer Hannover Re has announced the appointment of James Ng as Chief Executive Officer of its Malaysian Branch in Kuala Lumpur. Ng brings over two decades of experience in the re/insurance industry, having held various roles in management, underwriting, and sales & distribution. He joined Hannover Re just over a year ... Read the full article
Sylvain Coutu to lead ASR Innovation and Sustainability
12th February 2025
Reinsurance Group, Africa Specialty Risks (ASR), has announced the appointment of Sylvain Coutu as Head of Innovation and Sustainability. In his new role, Coutu will lead ASR’s Parametric offering, responsible for underwriting, business development and management of the current portfolio. He will also be involved in product development and facilitating market expansion ... Read the full article
California FAIR Plan gains approval for $1bn assessment from member firms
12th February 2025
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has received approval for an additional $1 billion in funds from its member companies from Insurance Commissioner, Ricardo Lara, enabling the Plan to continue paying claims after the Los Angeles wildfires. In a ... Read the full article
AIG reports Q4’24 net income of $898m as GI net premiums climb 6%
12th February 2025
AIG has reported net income attributable to common shareholders of $898 million for Q4 2024, a significant increase from $86 million in the same period of 2023, while General Insurance net premiums written (NPW) rose to $6.1 billion. It is worth noting that in Q4 2024, AIG realigned its organisational ... Read the full article
Willis appoints Marsh’s Komorizono as Head of Risk & Analytics for CRB, Japan
12th February 2025
Brokerage Willis, a WTW business, has appointed Marsh’s Kohsuke Komorizono as Head of Risk & Analytics for Corporate Risk & Broking (CRB) in Japan. Komorizono will be based in Tokyo and report to Roy Nakazawa, Head of Japan and Head of Corporate Risk & Broking in Japan. He will also be part ... Read the full article
Aon Securities arranges $500m surplus note for California-based CSAA
12th February 2025
Insurance and reinsurance broker Aon's investment banking and capital markets division, Aon Securities, has structured and placed $500 million surplus notes issued by Northern California insurer CSAA Insurance Exchange, Reinsurance News understands. The $500 million, 8.125% surplus notes, due February 2045, have been assigned a Long-Term Issue Credit Rating of “a-” ... Read the full article
Lockton appoints Paul Rodriguez as National Surety Practice Leader
12th February 2025
Independent insurance broker Lockton has announced the appointment of Paul Rodriguez as National Surety Practice Leader, succeeding Patrick Pribyl, who will transition to Chairman of the National Surety Practice. Pribyl, who has been with Lockton since 1991, served as National Surety Practice Leader since 2020. In his new role, he will ... Read the full article
Cyber business interruption demands equal attention as other cyber risks: IUA
12th February 2025
Cyber business interruption (BI) risks should be given the same priority as information technology (IT) security controls and ransomware threats, according to a new report released by the International Underwriting Association (IUA). The report, produced in partnership with Baker Tilly, examines claims data from recent years and finds that while understanding ... Read the full article
Andrew Tongue to lead IQUW’s Credit and Political Risks offering
12th February 2025
Specialty and property re/insurer IQUW has strengthened its Credit and Political Risk team with the appointment of Andrew Tongue as Lead Underwriter, reporting to Chris Wilkinson, Head of Specialty. Tongue will head the established team and play a pivotal role in shaping IQUW’s enhanced product offering in this space. The team's ... Read the full article
ICEYE and SATIM partner to develop AI-powered SAR imagery analysis products
12th February 2025
ICEYE, a provider of satellite-based disaster management solutions, has partnered with AI technology company, SATIM, to develop new AI-powered Synthetic-aperture radar (SAR) imagery analysis products. By combining ICEYE's high-quality SAR satellite imagery with SATIM's advanced AI capabilities, the partnership aims to create products that enable rapid and reliable detection and classification ... Read the full article
DUAL UK strengthens senior leadership team
12th February 2025
DUAL UK, part of the specialist underwriting arm of Howden Group, has made three senior appointments, with Steve Kelly now Managing Director of Construction, James Ramira now Managing Director of Regional P&C and Social Care, and Georgie Petrou as Head of Strategic Accounts. Kelly joined the business at the start of ... Read the full article
Demotech assigns Financial Stability Rating of A to Mangrove
11th February 2025
Demotech, Inc., a rating agency and financial analysis firm, has assigned Mangrove Property Insurance Company (Mangrove) a Financial Stability Rating of A, Exceptional. Mangrove, a newly established Florida insurer led by Stephen Weinstein, was approved by the Florida Office of Insurance Regulation in January 2025 to provide property and casualty ... Read the full article
MultiStrat appoints Maryam Abdullah as Head of Pricing
11th February 2025
MultiStrat, a specialty reinsurance and capital advisory business, has announced the appointment of Maryam Abdullah as Head of pricing, based in Bermuda. Abdullah brings over 20 years of actuarial experience and more than a decade of brokerage experience in the capital markets and re/insurance sectors. She joined MultiStrat in 2022 as an ... Read the full article
McGill and Partners launch Auton Green to increase onshore renewables capacity
11th February 2025
Specialty insurance and reinsurance broker McGill and Partners has expanded its fully digital, auto-follow facility, Auton with the launch of Auton Green to include additional capacity for onshore renewable energy risks. This launch will enable clients globally to access up to 40% capacity on onshore renewable energy lines, a 20% increase ... Read the full article
Munich Re Specialty names Coleman Head of Public Entity Risk Solutions
11th February 2025
Munich Re Specialty-North America (MRS-NA) has announced the appointment of Tyler Coleman as Head of Public Entity Risk Solutions. He is to succeed Lauren Tredinnick, who transitioned to the role of Chief Risk Officer for Munich Re America Services in late 2024. Prior to this appointment, Coleman, who has over two decades ... Read the full article
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