Reinsurance News
Microinsurance Network & AIO collaborate to advance the development of inclusive insurance in Africa
3rd October 2024
The Microinsurance Network (MiN), a Luxembourg-based non-profit association, has announced a strategic partnership with the African Insurance Organisation (AIO), marking a significant milestone in advancing the development of inclusive insurance markets across Africa. MiN and AIO, along with additional support from the International Labour Organisation (ILO)’s Impact Insurance Facility are aiming ... Read the full article
Arthur J. Gallagher’s Artex acquires Ohio-based Risk International
3rd October 2024
Insurance and reinsurance broker Arthur J. Gallagher & Co. has announced that Artex, its alternative risk and capital solutions subsidiary, has acquired RIBV Holdings, LLC, which operates as Risk International. Based in Ohio, Risk International specialises in outsourced risk management and employee benefits advisory services for private equity and corporate clients ... Read the full article
CRC Group’s Starwind Specialty Insurance Services names Kirk Conrad CUO
3rd October 2024
CRC Group’s Starwind Specialty Insurance Services has appointed Kirk Conrad as its Chief Underwriting Officer (CUO). As CUO, Conrad will help shape the firm’s underwriting strategies, monitor and manage risks, and help to stay on top of emerging trends in the marketplace. The executive's deep expertise in data and analytics will play ... Read the full article
JP Morgan expects the reinsurance market to stabilise heading into 2025
3rd October 2024
A new note from JP Morgan on the European reinsurance market following RVS 2024, says that with the industry now producing strong returns, analysts are expecting that 2025 will lead to a stabilisation of the reinsurance market. Analysts noted that they heard a relatively consistent message on pricing from market participants, ranging ... Read the full article
McGriff acquires Amity Benefits to enhance employee benefits practice
3rd October 2024
McGriff, a US-based retail insurance broker, has announced its acquisition of Amity Benefits, a full-service retail employee benefits brokerage located in Tampa, Florida. Mike Breedlove, National Sales and Growth Leader at McGriff, expressed enthusiasm about the acquisition, stating, “We’re thrilled to welcome Brian and the talented team at Amity to McGriff. “Their ... Read the full article
OdysseyRe hires Munich Re’s Daniel Boisvert as SVP, Property Treaty
3rd October 2024
After almost nine years with Munich Re America, part of the global re/insurance group, Daniel Boisvert has joined Odyssey Reinsurance Company as Senior Vice President (SVP) for its Property Treaty division. Based in Stamford, Connecticut, Boisvert reports to Executive Vice President, Joseph Guardo, and brings more than 20 years of experience ... Read the full article
KCC pegs privately insured loss from hurricane Helene at close to $6.4bn
3rd October 2024
According to catastrophe risk modelling specialist, Karen Clark & Company (KCC), privately insured losses from hurricane Helene will near $6.4 billion, driven by wind, storm surge, and inland flooding across nine states. A Category 4 storm with 140 mph winds, Helene made landfall near the city of Perry in the Big ... Read the full article
Mahindra Insurance Brokers establishes reinsurance arm in Dubai (DIFC)
3rd October 2024
The insurance broking arm of India's Mahindra Finance, Mahindra Insurance Brokers Ltd (MIBL), is looking to enhance its reinsurance services across the Middle East and Africa with the launch of its reinsurance division in Dubai's International Finance Centre (DIFC). Mahindra Finance is a large Indian non-banking finance company, and MIBL is ... Read the full article
Skyward Specialty expands renewable energy insurance solutions
3rd October 2024
Skyward Specialty, a property and casualty (P&C) insurer, has announced the expansion of its renewable energy solutions. As the renewable energy sector rapidly grows, the demand for specialised risk management is increasing, yet many risks remain underserved by traditional insurance options. Rob Roberts, president of Energy at Skyward Specialty, stated, "The rising ... Read the full article
Chaucer hires Lloyd’s Iryna Chekanava as Senior Innovation Underwriter
3rd October 2024
Global specialty re/insurance group Chaucer has hired Iryna Chekanava as a Senior Innovation Underwriter, who joins from Lloyd’s, where she was the senior manager for innovation growth and partnership at the Lloyd’s Lab. In her new role, Chekanava is expected to play a critical role in further developing Chaucer’s work in ... Read the full article
OneDegree Group reaches first operating profit in Q3 2024
3rd October 2024
OneDegree Group, a provider of cybersecurity and insurance solutions, has reached its first operating profit in the third quarter of 2024, marking a significant milestone for both the group and its insurance division. The company’s success can be attributed to the scale and profitability of its two flagship products: digital asset ... Read the full article
Lucy Clarke elected President of the Insurance Institute of London for 2024-25
3rd October 2024
The Insurance Institute of London, a professional organisation for insurance and risk management professionals, has announced Lucy Clarke as its President for 2024-25. Clarke joined WTW in 2024, bringing with her more than 25 years of industry expertise, with a strong emphasis on delivering top-tier client service, specialising in complex insurance ... Read the full article
Vaibhavi Mehta becomes CCR Re’s Director of Underwriting, Life
2nd October 2024
Vaibhavi Mehta has joined CCR Re as Director of Underwriting (Life), a Paris-based role, following her year tenure at Reinsurance Group of America (RGA). Mehta brings to her new role 17 years’ experience within the field of reinsurance and consultancy, during which time she held management positions within large international companies. Her ... Read the full article
Barbara Miller appointed Head of Broker Engagement at Broker Insights
2nd October 2024
Broker Insights, a data and distribution platform linking UK insurance brokers with insurance companies, has named Barbara Miller as the Head of Broker Engagement, a newly established role. Miller brings two decades of experience in financial services and IT, having also led her own sales and marketing business for insurance brokers. Most ... Read the full article
LM Re & Safehub sensor-triggered parametric coverage to protect UC campuses from earthquake damages
2nd October 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual, and Safehub, a technology provider in seismic sensor and risk management solutions, have entered into a partnership with the University of California (UC) to protect their campuses from the risk of earthquake damage. The UC coverage is reportedly the first sensor-triggered ... Read the full article
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