Reinsurance News
INSTANDA integrates life offering with Swiss Re’s underwriting platform, Magnum
19th September 2024
INSTANDA, a no-code, digital platform for insurance carriers and managing general agents, has integrated its Life offering with reinsurance giant, Swiss Re's automated underwriting platform, Magnum, enabling the creation of one ecosystem designed to create an all-in-one (online) customer journey. Through extensive expertise and experience within the Life and Health sector, the ... Read the full article
Re/insurers are implementing improving tech tools to identify emerging future casualty cat perils: KBW
19th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, KBW has reported that re/insurers are increasingly implementing steadily improving technological tools to identify emerging or future casualty catastrophe perils. Analysts noted that associated insured loss estimates remain very high. As an example, Praedicat, the casualty ... Read the full article
Growth could be challenged when current pricing momentum starts to moderate: Thompson, Gallagher Re
19th September 2024
Growth was a key topic for re/insurers at RVS 2024, Will Thompson, Global Head of Clients of Gallagher Re, commented, but this could be challenged when the current strong pricing momentum begins to moderate. Speaking with Reinsurance News at the annual meeting of the reinsurance industry in Monte Carlo, Thompson said: ... Read the full article
Broker Insights’ Vision platform set to reach £6bn in GPW by end of 2024
19th September 2024
Broker Insights has announced that six years after its launch, brokers have uploaded £5.5 billion of Gross Written Premium (GWP) to its Vision platform, with a target of reaching £6 billion by the end of the year. Vision will now provide insights and data analytics covering over one-third of the UK ... Read the full article
New non-profit Humanity Insured aims to insure 3.6 billion people against climate disasters
19th September 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a global insurance intermediary, spearheaded the creation of Humanity Insured, bringing together key players from ... Read the full article
Rokstone appoints Baker Deputy Head of US Casualty, Fitzpatrick becomes Senior Underwriter
19th September 2024
Rokstone, part of the Aventum Group, has made two key appointments within its recently announced US Casualty division, with Ben Baker joining the team as Deputy Head of US Casualty and Alex Fitzpatrick as a Senior Underwriter. Both appointees are well known figures across the market, and will join along with ... Read the full article
AIG names Keith Walsh as Executive Vice President and Chief Financial Officer
19th September 2024
Global insurer American International Group, Inc. (AIG) has named Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21st, 2024. Walsh will be based out of New York and reports to AIG Chairman & Chief Executive Officer, Peter Zaffino. He joins the Executive Leadership Team as a member ... Read the full article
Supercede unveils major platform upgrade to empower reinsurance professionals
19th September 2024
Reinsurance trading platform Supercede has revealed a significant upgrade of its platform to provide easy access to risk data and mirror the internal workflow of insurers. According to the firm, this platform update marks a significant milestone in its mission to empower reinsurance professionals with cutting-edge technology. The enhancement reportedly introduces an ... Read the full article
French reinsurer CCR Re to become Arundo Re from January
19th September 2024
French reinsurer CCR Re has announced that on January 16th, 2025, its name will officially change to Arundo Re, roughly 18 months after a consortium comprised of SMABTP and MACSF completed the acquisition of a majority shareholding in the firm. Founded in 2016, CCR Re was established to take over the ... Read the full article
SCOR Live Sessions – The (re)insurer of tomorrow
19th September 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company's Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to face the future. Registration is open for SCOR Live Sessions ... Read the full article
Zywave appoints Martin Simoncic as CEO and Christian Kasper as EVP & CFO
19th September 2024
Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group and Aurora Capital Partners. Prashant Mehrotra, Partner and Managing Director, and Erik Hansen, Vice President, at Clearlake, ... Read the full article
Concirrus expands ESG presence through partnership with 90 North Foundation
19th September 2024
Concirrus, a provider of AI-powered maritime insurance solutions, has entered into a partnership with the 90 North Foundation, in a move that reinforces the company's dedication to environmental, social, and governance (ESG) principles. As Reinsurance News understands, this collaboration represents a major step towards the protection and sustainable management of the ... Read the full article
Carrick Group to acquire Bristol-Myers Squibb’s Irish captive insurers
19th September 2024
Carrick Group Limited, a Bermuda-based international non-life legacy insurer specialising in reinsurance and run-off solutions, announced that its subsidiary, Carrick UK Holdings Company Limited, has reached an agreement with Bristol-Myers Squibb Company. Under this agreement, Carrick will acquire Bristol-Myers Squibb's two Irish captive insurers, BMS International Insurance DAC and Seamair Insurance ... Read the full article
Majesco launches AI ecosystem to enhance insurance solutions with key models
19th September 2024
Majesco, a provider of cloud-based insurance software, has introduced a new AI ecosystem powered by Majesco Copilot, enabling a seamless integration of various industry AI models into Majesco’s solution workflows, starting with a select group of partners. “This new AI ecosystem introduces a rapid approach to integrate via Majesco Copilot with some ... Read the full article
Moody’s upgrades Zurich Insurance’s rating with stable outlook
18th September 2024
Moody’s Ratings has upgraded the insurance financial strength rating (IFSR) of Zurich Insurance Company (ZIC), the main insurance arm of Zurich Group, from Aa3 to Aa2. Additionally, Moody’s has raised Zurich Group’s long-term debt ratings by one notch. The outlook for all issuers has been revised to stable from positive. The upgrade ... Read the full article
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