Reinsurance News
Swiss Re CorSo announces new leadership roles for Hassan Karim & Devpriya Misra
23rd September 2024
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has expanded Hassan Karim’s role to Head of Customer & Distribution Management for Asia Pacific (APAC) and appointed Devpriya Misra as Client Solutions Lead. Before this expansion, Karim was the Head of Distribution Management & Partnerships for APAC, overseeing ... Read the full article
Yubeom Kim Joins WISE Insurance Services as Director of its reinsurance team
23rd September 2024
WISE Insurance Services recently announced that Yubeom Kim has joined its reinsurance team as Director. In a recent LinkedIn post, Won Lee, Head of Reinsurance at WISE, expressed enthusiasm for Kim’s appointment, stating, “We are excited about the great work we will achieve together, and confident his expertise will bring tremendous ... Read the full article
Africa Specialty Risks secures BBB+ credit rating with positive outlook from Fitch
23rd September 2024
Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings reflect its very strong capitalisation and low leverage. Additionally, the reinsurer’s expanding business volumes ... Read the full article
Howden launches Microsoft-backed Resilience Laboratory to evaluate climate risks better
23rd September 2024
Howden, the insurance intermediary group, has launched the Howden Resilience Laboratory, a digital innovation hub designed to transform how clients evaluate and manage climate risks. Developed by Howden and powered by Microsoft’s cloud services–Azure, Microsoft 365 and Dynamics 365, the Resilience Laboratory enables clients to model climate scenarios and assess financial ... Read the full article
Aon names Jon Pipe as Head of Commercial Risk, Asia
23rd September 2024
Broking group Aon has selected Jon Pipe as Head of Commercial Risk, Asia with effect from November 2024. Pipe has 18+ years of experience with Aon, and has worked within the London, Hong Kong and Indonesia markets. In April 2019, he relocated to India to lead the growth agenda for a company ... Read the full article
The Fidelis Partnership completes $2bn refinancing transaction led by Blackstone
23rd September 2024
The Fidelis Partnership has completed a "landmark" $2 billion refinancing transaction from Blackstone Credit & Insurance, Oak Hill Advisors, Barings, PNC and Barclays. According to the firm, the transaction will support its growth strategy and enhance value creation for its shareholders. Richard Brindle, Chairman and Group CEO of The Fidelis Partnership, commented, ... Read the full article
Emma Snowdon appointed Head of Capital Management and Investments, MS Amlin
23rd September 2024
Lloyd's global re/insurer MS Amlin has hired Direct Line Group's Emma Snowdon as Head of Capital Management and Investments, where she will be based in London, reporting to Chief Finance Officer, Jessie Burrows. As Head of Capital Management and Investments, she will be expected to hold responsibility for the firm's capital ... Read the full article
PERILS & CyberAcuView expand US Cyber Loss Index to report unintentional events
23rd September 2024
Zurich-based catastrophe insurance data provider PERILS AG and CyberAcuView have announced the expansion of the US Cyber Industry Loss Index with unintentional (‘accidental’) loss events commencing 1 October 2024. Since launching in September 2023, the index has reported on affirmative US primary cyber market losses resulting from intentional (malicious) systemic cyber ... Read the full article
Debbie Goldstine joins Lockton Re as Chief Growth Officer, Global Partners
23rd September 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Debbie Goldstine as Chief Growth Officer, Global Partners, based in Chicago, working with clients, markets and colleagues globally. Goldstine joins Lockton Re from Lockton, where she was Executive Vice President and US Practice Leader: Casualty, Technical Intelligence & Emerging ... Read the full article
Tower completes FY25 reinsurance renewal, lifts catastrophe upper limit by NZ$50m
23rd September 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to NZ$800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at competitive rates for its home, motor, boat and commercial portfolios across New Zealand ... Read the full article
AXA XL welcomes Bardot-Girard and Klimczak to its Risk Consulting Leadership Team
23rd September 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Rébiah Bardot-Girard and Jarek Klimczak to its Risk Consulting Leadership Team. Bardot-Girard, who has been part of AXA since 2009, has been appointed Chief Risk Consulting Officer, Cyber. Prior to her new ... Read the full article
Ebix completes Chapter 11 restructuring and consolidates with Eraaya
23rd September 2024
Ebix Inc., a provider of on-demand software and e-commerce solutions for industries including insurance, finance, healthcare, and e-learning, has announced that it has successfully completed its Chapter 11 restructuring. The company has emerged with improved financial and operational strength, now operating with over 12,000 employees and free of debt worldwide. On August ... Read the full article
Homeowners & renters insurance costs surpass inflation, leads to record shopping rates: J.D. Power
23rd September 2024
Homeowners and renters insurance costs have now surpassed both the rate of inflation and the average rate increases experienced by auto insurance customers, according to the J.D. Power 2024 US Home Insurance Study. Data from the report shows that the rising rates has led to a significant increase in the percentage ... Read the full article
MSIG launches new health policy with coverage for Parkinson’s and other critical illnesses
23rd September 2024
MSIG Insurance, a provider of general insurance solutions in Asia and part of the MS&AD Insurance Group, has introduced CriticalCare Plus, a new health policy covering five major critical illnesses: cancer, heart attack, stroke, Parkinson’s disease, and Alzheimer’s disease. Aimed at individuals aged 18 to 60, CriticalCare Plus offers financial protection ... Read the full article
Workforce protection strategies against rising wildfire risks: Aon
20th September 2024
As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one billion-dollar wildfire event in eight of the past 10 years. In contrast, such significant losses ... Read the full article
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