Reinsurance News
HDI partners with Flight Safety Foundation to strengthen pro-active risk management
11th October 2024
To enhance the operational safety of its aviation clients, global insurance provider HDI has established a collaborative partnership with the Flight Safety Foundation's Basic Aviation Risk Standard (BARS) Program. As a BARS Member Organization (BMO) HDI will have access to comprehensive de-identified audit and accident analysis data which will facilitate its ... Read the full article
As industry losses from Milton rise, more will flow to reinsurers: Moody’s
11th October 2024
A new report from Moody's has suggested that insured losses from Hurricane Milton will affect both primary insurers and the reinsurance sector, with the proportion of losses ceded to reinsurers increasing as losses increase. Milton made landfall on the 9th of October in Florida’s Sarasota County as a Category 3 hurricane, ... Read the full article
Cybersecurity and regulation identified as top risks for the TMT sector: WTW
11th October 2024
Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The report highlights growing concerns about the impact of regulations and trade tensions ... Read the full article
Tim Nagle promotes as the Head of Miller Europe
11th October 2024
Independent specialist insurance and reinsurance broker Miller has promoted Tim Nagle as Head of Miller Europe. Nagle joined the broker in 2020, his additional responsibilities will include building on his relationships with Miller’s European partners and experience working across the broker's five European locations. He takes on this new role in addition ... Read the full article
Resilience in Florida’s property insurance market amid hurricane challenges
11th October 2024
After Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky shared encouraging updates regarding the state’s property insurance market. Recent announcements from Progressive, State Farm, and the approval of several new property insurers highlight the positive impact of Florida’s major 2023 reforms. Despite scaling back operations in other ... Read the full article
CRC Group continues expansion plans with three new hires
11th October 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointments of three new professionals to its team. Sam Sigmon has been appointed as an underwriter in CRC Group’s Dallas, TX (Walnut Hill) office. He joins from Velocity Risk, where he served as an underwriter for over three ... Read the full article
Distinguished and Berkley Program Specialists expand partnership
11th October 2024
Distinguished Programs, a national insurance program manager, announced an expanded partnership with Berkley Program Specialists, to underwrite its Community Associations Crime and D&O products. Starting January 1, 2025, Distinguished will initiate the consolidation of their Crime, Directors and Officers, and Package coverage under a singular carrier. Barbara Bartson, President of Distinguished’s Community ... Read the full article
AXIS Capital introduces new leadership for its Irish legal entities
10th October 2024
AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the Central Bank of Ireland. Offering a wide range of products to help businesses ... Read the full article
Howden Re enhances international broking and advisory capabilities with two new hires
10th October 2024
Howden Re, the reinsurance arm of Howden, has announced the hire of Grange Turner and Tom Finch who will be joining its Motor Reinsurance and Prospective Capital Solutions, respectively. Sebastian Cook, Deputy CEO, Howden Re International, commented: “Tom and Grange joining Howden Re is further evidence of our continued commitment to ... Read the full article
Aon appoints Emma Crookes as Global Head of the insurance vertical
10th October 2024
Global insurance and reinsurance broker Aon has announced the appointment of Emma Crookes as Global Head of the insurance vertical. The insurance vertical delivers Aon’s full range of capabilities to re/insurance clients, offering relevant insights and solutions to help them achieve their strategic goals and make better business decisions. In her new ... Read the full article
Hurricane Milton may drive up property cat reinsurance prices: KBW
10th October 2024
Hurricane Milton can still drive property catastrophe reinsurance prices higher at January 1 renewals, but perhaps only at a low pace, analysts at Keefe, Bruyette & Woods (KBW) suggest. Late last night Hurricane Milton made landfall as a Category 3 hurricane in Siesta Key near Sarasota, about 70 miles south of ... Read the full article
Zurich NA appoints AIG’s Nora Hattauer as Head of Financial Lines
10th October 2024
Zurich North America, a commercial property and casualty insurer, has appointed Nora Hattauer as Head of Financial Lines for its U.S. National Accounts and Middle Market businesses. Based in Atlanta, Hattauer will oversee the direction, management, and performance of Zurich's Financial Lines strategic business unit, which provides insurance solutions for Directors ... Read the full article
Munich Re Specialty enters Spanish insurance market, to begin underwriting in 2025
10th October 2024
Munich Re Specialty, part of the Munich Re Group insurance operations, has established a Spanish branch of Munich Re Risk Solutions Ireland Limited, making its first steps into commercial market for primary specialty insurance in the country. The firm intends to begin underwriting in 2025, as Munich Re Risk Solutions Ireland ... Read the full article
PGIM Multi-Asset Solutions appoints Mao Dong as Co-Head of Portfolio Management
10th October 2024
PGIM Multi-Asset Solutions (PMA), the solutions specialist of PGIM, has announced the appointment of Mao Dong as Co-Head of Portfolio Management. PGIM was recently selected as the asset manager for an $11 billion reinsurance transaction by Prudential Financial to Wilton Re. This marks PGIM’s second reinsurance mandate, following its appointment ... Read the full article
Workforce dynamics & tech advancements supporting the growth of middle market businesses, Aon
10th October 2024
A new study conducted by insurance and reinsurance broking group Aon and the National Center for the Middle Market (NCMM), has revealed two key trends that are supporting the growth of middle market businesses: workforce dynamics and technology advancements. It's important to note that research was conducted through online surveys of ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
