Reinsurance News
Gerald M. Dolina to lead WTW’s Philippines and its CRB business
4th October 2024
Global insurance broker WTW has appointed Gerald M. Dolina as Head of Philippines, and Head of Corporate Risk & Broking (CRB) Philippines, effective January 2nd, 2025. Dolina brings extensive experience in people, client, and market leadership to his new role, having spent nearly three decades working in the large and complex ... Read the full article
Prime Insurance introduces TRU Solution for reliable crisis coverage
4th October 2024
Prime Insurance Company, an excess and surplus lines carrier, has introduced the TRU Solution, offering clear and reliable coverage during times of crisis. The TRU Solution was developed in response to policyholders' need for a trustworthy insurance partner that provides comprehensive, straightforward coverage, particularly in the wake of recent storms and ... Read the full article
HDI Global names Philipp Glanz as new MD of HDI Risk Consulting
4th October 2024
HDI Global, the commercial and specialty lines insurer, has appointed Philipp Glanz as the new Managing Director (MD) of HDI Risk Consulting (HRC), effective as of October 1, 2024, where together with the current MD, Dr Jörg Ohlsen, he will focus going forward on strategic growth and improved services for ... Read the full article
Howden acquires UK and Ireland’s largest beauty membership providers ABT & AIT
4th October 2024
Howden has acquired Associated Beauty Therapists Ltd (ABT) and Associated Irish Therapists Ltd (AIT), two beauty membership providers that offer insurance broking services to members operating in the heath, wellbeing and beauty sectors in the UK and Ireland. ABT and AIT specialise in arranging the full range of covers, including medical ... Read the full article
Re/insurance is about confidence giving and public-private partnerships: Lloyd’s CEO
3rd October 2024
The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace. Neal's comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also ... Read the full article
Aon appoints Schultz Vice Chair of Reinsurance Solutions, Pennay named CEO of Aon Securities
3rd October 2024
Global insurance and reinsurance broking group Aon has appointed Paul Schultz as Vice Chair of its Reinsurance Solutions arm, with Richard Pennay taking over as Chief Executive Officer (CEO) of Aon Securities, the firm's capital markets and insurance-linked securities (ILS) specialist division. Over the past two decades, Schultz led the Aon ... Read the full article
Optio Group acquires Luxembourg-based MGA, Circles
3rd October 2024
Optio Group, a specialty managing general agent (MGA) has acquired the Luxembourg-based MGA, Circles Group (Circles) for an undisclosed sum, subject to regulatory approval. According to the announcement, the acquisition of Circles marks Optio's largest in Europe to date. At the same time, the acquisition also represents a critical development in Optio's ... Read the full article
AIG’s Simonsen joins Coalition as European Head of Insurance
3rd October 2024
Coalition, an active insurer focused on preventing digital risks, has appointed Tine Simonsen as its Head of Insurance for Continental Europe. Simonsen has nearly 14 years of experience as a specialist within the Financial Lines & Cyber Insurance segments, focusing on products such as Cyber Insurance, D&O Insurance, and Professional Indemnity. In ... Read the full article
AI-powered climate risk platform launched by Adaptive Insurance
3rd October 2024
A new parametric insurance platform, Adaptive Insurance, powered by artificial intelligence (AI) has launched with a mission to change how businesses safeguard against climate risks. The company’s flagship product GridProtect will offer immediate, technology-driven financial relief businesses impacted by power outages responsible for $150 billion in annual losses. Power outages are a ... Read the full article
Hub International Limited’s corporate family assigned B2 rating by Moody’s
3rd October 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, with a stable outlook, as well as its probability of default rating to B2-PD from B3-PD. According to the agency, this upgrade was based on the company’s steady credit metrics and Moody’s expectation that Hub will maintain ... Read the full article
Aon restructures senior leadership team for US Financial Services Group
3rd October 2024
Global insurance and reinsurance broker Aon has restructured its senior leadership team for US Financial Services Group (FSG), appointing Anna Digel as Chief Broking Officer. Collin Breeney and Joe Reynolds have also been promoted to co-leaders for the greater New York region, also for Aon’s US FSG. These promotions follow Kary Trocchia's ... Read the full article
AM Specialty backs new pet insurance solution
3rd October 2024
AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, and Swain & Baldwin Insurance & Risk Management, an independent agency with over 65 years of experience, are excited to announce the launch of the PawPro Pet Insurance Program—a comprehensive solution tailored for renters with pets. Initially available in Texas, ... Read the full article
Ryan Specialty completes acquisition of MGA Geo Underwriting Europe
3rd October 2024
Ryan Specialty, an international specialty insurance firm, has completed the acquisition of certain assets of Geo Underwriting Europe BV (Geo Europe), a European managing general agent (MGA) and part of The Ardonagh Group. This follows the initial announcement of the acquisition on September 3, 2024. Based in Rotterdam, Netherlands, with operations ... Read the full article
Hurricane Helene unlikely to impact FHCF or Citizens ratings, but may trigger NFIP reinsurance: Fitch
3rd October 2024
Hurricane Helene is not likely to affect credit ratings for property & casualty re/insurers, Citizens Property Insurance or the Florida Hurricane Catastrophe Fund (FHCF), but could trigger the National Flood Insurance Program's (NFIP) catastrophe reinsurance, according to Fitch Ratings. The global rating agency has based its assessment on an initial estimate ... Read the full article
The Fidelis Partnership’s Pine Walk launches reinsurance MGA Silverflame Re
3rd October 2024
The Fidelis Partnership's wholly-owned subsidiary, Pine Walk Capital Limited, has launched Silverflame Re, a new specialty reinsurance managing general agent (MGA). Silverflame Re aims to complement The Fidelis Partnership’s existing specialty reinsurance book, writing a treaty portfolio initially focusing on two core lines, Marine, Energy & Composite and Credit & Surety. Silverflame ... Read the full article
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