Reinsurance News
CCR Re rebrands as Arundo Re
17th January 2025
French reinsurer CCR Re, which operates in the traditional segments of property and casualty, life and health, and certain specialty lines, has rebranded as Arundo Re. The name change was announced on the 19th of September 2024. Roughly 18 months prior a consortium comprised of SMABTP and MACSF completed ... Read the full article
LA wildfire insured losses estimated between $20–$30bn: Gallagher Re
17th January 2025
Gallagher Re has revised its insured loss estimates for the Southern California wildfires to a range of $20 billion to $30 billion, with the portion anticipated to be ceded to reinsurance potentially reaching the mid-to-high single-digit billions. Although the Palisades and Eaton wildfires in Los Angeles are now expected to rank ... Read the full article
Geneva Association explores impact of ‘slowbalisation’ on re/insurers
17th January 2025
A new report by the Geneva Association explores the impact of 'slowbalisation' on insurers and reinsurers, highlighting challenges such as weakened global cooperation and limited risk diversification, while offering strategies to adapt to emerging risks and opportunities. The report notes that the global economy is shifting from integration to fragmentation as ... Read the full article
Charles Taylor promotes Cesar Augusto de Aragao Alves to Head of Brazil
17th January 2025
Charles Taylor, an independent global provider of claims solutions, has promoted Cesar Augusto de Aragao Alves to Head of Brazil soon after the opening of its new office in Rio de Janeiro. Alves’ appointment, along with the new office in Brazil, showcases Charles Taylor’s commitment to serving the growing demand ... Read the full article
WDF launches insured high-integrity carbon credits backed by AXA’s parametric insurance program
17th January 2025
AXA has provided custom parametric insurance solutions to support the insurance of the nonprofit Well Done Foundation’s (WDF) high-integrity carbon credits created by methane sequestration. This offering, described as the first in the industry, guarantees the authenticity and reliability of carbon credits with its "Insured Carbon" program. It aims to provide buyers ... Read the full article
QBE names Ashley Irwin SVP, Underwriting Leader, E&S Property in NA
17th January 2025
Australian insurer QBE has appointed Ashley Irwin as a Senior Vice President (SVP) and Underwriting Leader for excess and surplus (E&S) Property in North America. This appointment follows the recent hire of Claire Lill as Portfolio Manager to lead and strengthen the firm’s US Casualty offering. Irwin brings a wealth of ... Read the full article
Relm launches new insurance solutions for AI liability
17th January 2025
Insurance solutions provider Relm has launched three Artificial Intelligence (AI) liability solutions to address emerging risks in the AI ecosystem. These solutions aim to provide comprehensive coverage for businesses creating and adopting AI technology, as well as for those utilising AI in more peripheral capacities. "The rapid advancement and widespread adoption of ... Read the full article
Markel names Scott Jordan as Casualty Claims Manager in Australia
17th January 2025
Markel, the insurance arm of global re/insurer Markel Group Inc., has appointed Scott Jordan as Claims Manager, Casualty – Australia, based in Sydney reporting to Lisa Mitchell, Head of Claims for Australia. In his new role, Jordan will focus on providing customer service while aiming to achieve the best claims outcomes ... Read the full article
CoreLogic pegs LA wildfire insured loss at $35bn to $45bn
16th January 2025
Catastrophe risk modeller CoreLogic has estimated that residential and commercial insurance industry losses for the ongoing Eaton and Palisades Fires in Los Angeles, California, will fall between $35 billion and $45 billion. With the fires in Eaton and Palisades still burning as of Thursday afternoon, CoreLogic's estimated insured loss range is ... Read the full article
Juniper Re enters London market, appoints Nick Hawke Head of Office
16th January 2025
Juniper Re, the specialist reinsurance broking arm of The Baldwin Group, has announced its entry into the London market and the appointment of industry veteran Nick Hawke as Head of Office. Leveraging his extensive four decades of reinsurance expertise in the London market, Hawke has been hired to lead Juniper Re's ... Read the full article
Atrium starts extended trial of Novee’s Gen AI underwriting tool for PV&T submissions
16th January 2025
Atrium Underwriters Limited, the Lloyd’s specialty insurer, is conducting an extended pilot of Novee's Gen AI underwriting tool, which is built on a promising proof of concept to automate the pre-underwriting of Political Violence & Terrorism (PV&T) submissions. The initiative aims to underscore Atrium's commitment to leveraging advanced technologies to enhance ... Read the full article
Zurich NA establishes new Specialties business unit led by Kelly Kinzer
16th January 2025
Zurich North America has created a Specialties business unit encompassing its Construction, Surety and Financial Lines businesses, placing Kelly Kinzer, previously Head of Construction, to lead it. Kinzer started her career at Zurich in the Construction Underwriting Training Program and later worked in various roles at Allianz Global Corporate & Specialty ... Read the full article
Philipp Kusche named Chairman of Howden Capital Markets & Advisory Europe in expanded role
16th January 2025
Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) arm of the re/insurance broker, has announced that Philipp Kusche will expand his role as Global Head of ILS to include Chairman of HCMA Europe. In this expanded role, Kusche will further support both global and local expertise ... Read the full article
Cat bond demand extremely strong, collateralised reinsurance returning: Gallagher Securities
16th January 2025
For various buyers of protection, the insurance-linked securities (ILS) market remains an integral part of their overall reinsurance purchasing decision, and demand for the catastrophe bond product was extremely strong in 2024, while demand for collateralised reinsurance is also returning, according to Gallagher Securities, the insurance-linked securities (ILS) and capital ... Read the full article
SRS Altitude expands into North America with Milan Pavlik appointment
16th January 2025
SRS Altitude, a Managing General Underwriter (MGU) specialising in Alternative Risk Transfer (ART) solutions and part of Strategic Risk Solutions group, has expanded into North America with the appointment of Milan Pavlik as Head of Business Development, North America. This move highlights SRS Altitude's long-term commitment to providing ART insurance solutions ... Read the full article
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