Reinsurance News
RiverStone appoints Nicola Gaisford as Head of M&A, UK & Europe
5th November 2024
RiverStone International, a provider of legacy solutions, has announced the appointment of Nicola Gaisford as Head of M&A - UK & Europe. Gaisford has been with RiverStone since July 2023, joining as Associate Director of M&A Strategy and Business Development. Before that, she spent six years at Randall & Quilter Investment Holdings, ... Read the full article
IQUW expands FortiFI coverage to the Australian market with new territory-specific wording
5th November 2024
Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, FortiFI is among the few comprehensive FI solutions available that includes integrated Cyber coverage. This new ... Read the full article
We expect a stable 1.4 renewal as demand for re/insurance continues to rise in Japan: Swiss Re’s Dodo
5th November 2024
Global reinsurance giant Swiss Re continues to see increased demand for property insurance and reinsurance protection in Japan amid elevated large natural catastrophe threats and the impact of inflation, and with little sign of a significant influx of capital heading into 2025, the expectation is for a stable April 1st ... Read the full article
Price Forbes appoints Jennifer Gray as Director of Professional Risks and Healthcare
5th November 2024
Price Forbes Singapore has announced the appointment of Jennifer Gray as Director of Professional Risks and Healthcare. In her new role, Gray will focus on managing and growing Price Forbes' professional lines and healthcare portfolio, driving expansion across domestic and international markets. She will be based in Singapore and will report to ... Read the full article
Pacific Life Re partners with Kakao Pay to provide life insurance in South Korea
5th November 2024
Pacific Life Re and Kakao Pay Insurance, a South Korean fintech-led digital non-life insurer, have signed a Memorandum of Understanding (MoU) to provide life insurance solutions in South Korea. According to Pacific Life Re, this partnership combines its global expertise with Kakao Pay Insurance’s digital capabilities to create new opportunities in ... Read the full article
Singapore aims to reinforce position as leading Asian reinsurance hub: Deputy PM Gan Kim Yong
4th November 2024
In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan to reinforce Singapore as Asia’s leading reinsurance hub. While Gan's keynote touched on numerous ... Read the full article
ICEYE estimates 2.6k buildings impacted by Spain flooding
4th November 2024
Using its synthetic aperture radar (SAR) satellite constellation to track the recent severe flooding in southeastern Spain, ICEYE estimates that over 2,600 buildings have been affected. For those unaware, flash floods in Spain have killed over 200 people, triggered by a destructive weather system where cold and warm air meet to ... Read the full article
Insurance broker INTERprotección opens office in São Paulo, Brazil
4th November 2024
INTERprotección, the largest insurance broker in Latin America, has opened its new office in São Paulo, Brazil, reinforcing the company's commitment to offer a close and personalised service across the Brazilian market, as well as continuing its growth alongside its clients. The company's new headquarters are located in the Faria Lima ... Read the full article
Antares restructures business unit alongside UK insurer launch
4th November 2024
Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes, driven by two years of reorganisation and investment, have delivered impressive financial results, Antares highlights. With separate underwriting ... Read the full article
US election outcome has potential direct & indirect implications for European, US insurers: Deutsche Bank
4th November 2024
Analysts at Deutsche Bank expect fairly limited direct impacts to European insurers from tomorrow's US election but sees some potential implications for carriers in the US, including a possible post-election M&A rebound. The polls suggest it's going to be a tight race between Vice President Harris and former President Trump, with ... Read the full article
CNA Financial P&C CoR impacted by cat losses in Q3’24
4th November 2024
Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $283 million for the third quarter of 2024 compared to the $258 million seen in the comparative prior year quarter. The insurer also reported its P&C segment saw its core income increase to $346 million in the quarter, compared to ... Read the full article
Aspen names Paul Bradbrook as UK CFO
4th November 2024
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Paul Bradbrook as UK Chief Financial Officer. Bradbrook brings nearly three decades of industry experience to his new role, particularly in senior finance positions. He joins Aspen from R&Q Insurance Holdings, where he served as Chief Accounting Officer. Prior ... Read the full article
Ebix Europe unveils new data-first features for PlacingHub
4th November 2024
Ebix Europe, a London-based technology specialist, has introduced a new suite of data-first features for its digital placing platform, PlacingHub, to support market modernisation. Launched earlier this year, PlacingHub is Ebix Europe’s electronic placing platform, allowing brokers and insurers to quote, negotiate, bind, and endorse business digitally. The new DataFirst suite ... Read the full article
HDI Global appoints Melanie Windirsch Head of International Programmes
4th November 2024
Melanie Windirsch has been appointed the new Head of International Programmes (IP) at HDI Global SE. She succeeds Dr Dirk Höring, who held the position before being promoted to the HDI Global SE Executive Board in April. Dr Kuhnt, COO and CIO of HDI Global commented, "I am delighted to welcome Melanie ... Read the full article
Steadfast to expand London office due to increasing demand for placing business into Lloyd’s
4th November 2024
Steadfast Group, the parent company to a range of broking and underwriting operations, including reinsurance broker Steadfast Re, has announced plans to expand its London office as the company is seeing increasing demand for placing business into the specialist Lloyd's market. At the same time, the organisation has also got off ... 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.
