Reinsurance News
DIFC and Lloyd’s partner to develop future talent in the insurance sector
22nd January 2025
DIFC Academy, the educational platform of the Dubai International Financial Centre (DIFC), has signed a Memorandum of Understanding (MoU) with the specialist Lloyd’s re/insurance marketplace to support the development of future talent in the insurance sector. This partnership will expand the reach of Lloyd’s Academy, an educational platform for risk professionals ... Read the full article
Munich Re execs confident on €6bn profit target despite LA wildfire impact: Reports
22nd January 2025
Executives at Munich Re, one of the world's largest reinsurance companies, confirmed recently that although the Los Angeles wildfires will be a major loss for the firm, it will remain below its provision for natural catastrophe events, with the reinsurer confident of achieving its net profit target of €6 billion ... Read the full article
Ascot appoints Everest’s Herman as Group Head of Underwriting Performance Management
22nd January 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Eric Herman to the newly created role of Group Head of Underwriting Performance Management, based in the company’s Iselin, New Jersey office. In this role, Herman reports to Elizabeth Johnson, the Group's Chief Operating Officer and Mark Pepper, the Group's Chief Underwriting Officer. His ... Read the full article
Seed Group and Phinsys partner to enhance financial & regulatory compliance in UAE insurance sector
22nd January 2025
Phinsys, a finance automation software provider for the re/insurance industry, has partnered with Dubai-based multinational conglomerate, the Seed Group, to accelerate financial and regulatory compliance operations in the UAE, and broader MENA region’s, insurance sector. Phinsys, a UK-based firm, brings to this collaboration its expertise in advancing the insurance sector by ... Read the full article
Arch Insurance Intl. names Thompson as Offshore Energy Underwriting Manager & Brown as Senior Energy Advisor
22nd January 2025
Arch Insurance International, a division of Bermuda-domiciled re/insurer Arch Capital Group, has promoted Elizabeth Thompson to Offshore Energy Underwriting Manager and appointed James Brown as a Senior Energy Advisor, effective immediately. The pair will be based in London and report to Jake Gibbs, Head of Marine and Energy. In the new role, ... Read the full article
Shruti Saxena to lead WTW’s P&C Canadian ICT team
22nd January 2025
WTW has announced the appointment of Shruti Saxena as Director within the Property and Casualty (P&C) Canadian Insurance Consulting & Technology (ICT) team. In her new role, based in Toronto, Saxena will be responsible for expanding WTW’s presence in the Canadian market, taking on Appointed Actuary responsibilities, and supporting the corporate ... Read the full article
MiKargo247 collaborates with Falvey Insurance to expand global cargo insurance solutions
22nd January 2025
MiKargo247, an all-mode Insurtech platform for one-way, spot cargo insurance, has partnered with Falvey Insurance Group, a specialist in marine and cargo insurance, to enhance its global offerings. This collaboration extends MiKargo247’s coverage beyond trucking to include air, ocean, and cross-border transit options, offering greater flexibility and protection for businesses worldwide. Through ... Read the full article
Resilience reveals key leadership promotions amidst accelerated global growth
22nd January 2025
Resilience, a cyber risk company specialising in insurance and cyber risk management solutions, has announced several key promotions as it continues its rapid global expansion. The company has consolidated its core insurance operations under George Kotsiopoulos, who has been named President, Insurance. Kotsiopoulos, an insurance executive, will oversee Resilience’s global underwriting strategy, ... Read the full article
Vermont’s captive insurance industry sets new records
22nd January 2025
The Vermont Department of Economic Development (DED) has recently revealed that 2024 marked a record-breaking year for growth, positioning it among the top ten highest growth years since the introduction of captive insurance legislation in 1981. In 2024, Vermont welcomed 41 new captive insurance companies, bringing the total number of licensed ... Read the full article
Marsh Asia promotes Martin Beck and Robert Jones
22nd January 2025
Insurance broker and risk advisor Marsh has appointed Martin Beck as the Energy Transition Leader and Robert Jones as the Renewable Energy Leader for Marsh Asia, based in Singapore. Beck has spent over five years at Marsh Asia, most recently serving as the Renewable Energy Practice Leader since September 2019. Previously, Beck ... Read the full article
Renewal rate increases for all commercial lines except workers’ comp: Ivans
21st January 2025
Ivans, a division of Applied Systems, has released its Q4 2024 and year-end results for the Ivans Index, showing year-over-year premium renewal rate increases across all major commercial lines of business, except Workers’ Compensation. Compared to Q3 2024, Commercial Auto, Business Owner’s Policy (BOP), and Umbrella saw higher average premium renewal ... Read the full article
Vantage expands distribution team with key appointments
21st January 2025
Vantage Group Holdings Ltd. (Vantage), a provider of insurance solutions, has appointed Chelsea B. Law as the Northeast Region Distribution Leader, effective immediately. Based in New York, Law will report directly to Leanne Berry, Chief Distribution Officer. Law will be a key member of Vantage's Insurance Distribution team, responsible for driving ... Read the full article
Flood Re launches Flo to promote property flood resilience across Scotland
21st January 2025
Flood Re is launching a new Flood Bus, named Flo, as part of a nationwide initiative in Scotland to promote property-level flood resilience and help communities prepare for future flooding events. The vehicle will be launched at the annual Scottish Flood Resilience conference on January 28-29, hosted by Sniffer, the Scotland ... Read the full article
Price Forbes Singapore appoints Davies Director of new specialism Power, Downstream, and Renewables
21st January 2025
Price Forbes Singapore has launched a new specialism, Power, Downstream and Renewables, to be led by Alex Davies as Director. Davies brings a wealth of experience with over 22 years in the engineering and insurance industries. His expertise covers construction, operations, and the development and financing of projects in the power, ... Read the full article
Zurich names Burford as Global Head of Financial Lines, Cyber, & Credit Lines Claims
21st January 2025
Zurich Insurance has announced the appointment of Debra Burford as Global Head of Financial Lines, Cyber, and Credit Lines Claims. In her new role, Burford will join the Global Large & Complex Claims team, focusing on driving excellence in Financial Lines Claims worldwide. She will collaborate with Claims and Underwriting teams ... Read the full article
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