Reinsurance News
Private equity plays a significant role in current M&A landscape: Howden’s Madea
10th September 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them. Madea stated that the hard market conditions ... Read the full article
Envelop Risk launches Envelop Risk Solutions to enhance cyber re/insurance capabilities
10th September 2024
Envelop Risk, a firm specialising in cyber reinsurance and analytics, has unveiled its new services division, Envelop Risk Solutions. This new arm is designed to provide comprehensive support to insurers and reinsurers aiming to enhance their cyber capabilities. Envelop Risk Solutions will utilise Envelop's Augmented Underwriting approach, which merges advanced data enrichment ... Read the full article
BMS welcomes Richard Dudley as Group Chief Broking Officer
10th September 2024
BMS Group (BMS), the independent specialist re/insurance broker, has appointed market veteran, Richard Dudley as Group Chief Broking Officer, based in London, effective December 2024. Dudley will have a reporting line to Nick Cook, BMS Group’s Chief Executive Officer, his remit focuses on supporting the continued build-out of the London and ... Read the full article
Phil Taylor to lead Tokio Marine Kiln’s Specialty Reinsurance division
10th September 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has established a new Specialty Reinsurance division to support its continued focus on growth and diversification. The new division will be led by Phil Taylor, who has been appointed as Head of Specialty Reinsurance, aligning with the firm's growth ambitions ... Read the full article
Rachel Cohn to lead Lockton Re’s Intl. Casualty Fac unit
10th September 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Rachel Cohn as a Senior Broker to lead its International Casualty Facultative Practice. The practice will be part of the company's existing International Property & Casualty division in London. Cohn has extensive expertise in the market having most recently served ... Read the full article
Increase in hail storms can lead to “very underinsured” solar infrastructure in Europe: Chaucer
10th September 2024
The number of hailstorms in Europe has more than doubled in the past year, increasing the costs for solar infrastructure and underinsured, according to a recent report by specialty re/insurance group Chaucer. Hailstorms are the largest natural hazard to solar farms. Last year (year-ending June 30, 2024) the number of hailstorms ... Read the full article
Businesses’ preparedness against cyber threats beginning to shrink: Beazley
10th September 2024
Beazley, a specialist insurer, has released its Risk & Resilience report, Spotlight on Cyber & Technology Risk 2024, which explores global business views on cybercrime, tech obsolescence, disruptions, and intellectual property risks amid rapid technological change. Over the past year, the cyber threat landscape has grown more challenging due to the ... Read the full article
P&C insurers to play key role around ethical use of AI: Triple-I
10th September 2024
Artificial Intelligence (AI) is anticipated to transfigure how property & casualty (P&C) insurers conduct business, therefore making them positioned to advance the conversation around ethical AI, for businesses worldwide, according to a new study by the Insurance Information Institute (Triple-I), an affiliate of The Institutes, and data and AI firm SAS. According ... Read the full article
AM Best updates credit ratings and outlook for Arab Re to stable
10th September 2024
Global credit ratings agency AM Best has updated the outlook of Lebanon-domiciled Arab Reinsurance Company SAL (Arab Re) to stable reflecting the firm’s strong balance sheet strength, adequate operating performance, limited business profile, and marginal enterprise risk management. The ratings agency has also upgraded the Financial Strength Rating to B (Fair) ... Read the full article
Rokstone welcomes Ludo Araujo to D&F Property team
10th September 2024
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of Aventum Group, has appointed Ludo Araujo as Senior Underwriter for its Property D&F Division. Araujo will join Rokstone from Chaucer Syndicates, where he served as Class Underwriter for International Property D&F for the past 15 years. Based in London and ... Read the full article
Robin Cooper-Driver & Edward Rayfield join Zurich’s APAC Commercial Insurance unit
9th September 2024
Zurich Insurance Company has announced two key appointments to its Asia Pacific (APAC) Commercial Insurance business, with Robin Cooper-Driver as new Head of Financial Lines, Asia Pacific, and Edward Rayfield as Head of Casualty, Asia Pacific. Both will be based in Singapore and will report to Liam Burrell, CEO Singapore & ... Read the full article
Akur8 enhances its actuarial capabilities through Arius acquisition
9th September 2024
Akur8, the AI-driven insurance pricing solution, has acquired Arius, the property & casualty (P&C) reserving software for insurers and reinsurers, owned by Milliman. The Arius software helps insurers manage risk and improve financial performance through it's range of tools and methodologies. Arius reportedly has a strong presence in the United States and ... Read the full article
Aon launches Growth Decision Framework to enhance insurer performance
9th September 2024
Global insurance and reinsurance group Aon has introduced the Growth Decision Framework, a consulting service designed to help insurers enhance decision-making for optimal performance and market cycle resilience. As insurers approach the January 2025 renewal, the Growth Decision Framework from Aon’s Strategy and Technology Group aims to align capital and portfolio ... Read the full article
Multi-tool approach to enhance cyber risk assessment, says Lockton Re
9th September 2024
In its latest cyber report, reinsurance broker Lockton Re evaluates vulnerability scanning tools and highlights the need for multiple methods to assess and manage cyber risk amid growing digital complexity. As digital networks become more complex, companies face increasing exposure to cyber threats. By 2025, it’s expected that half of the ... Read the full article
Elementum appoints Andreas von Reitzenstein as SVP, Underwriting
9th September 2024
Elementum, an alternative investment manager, has announced the appointment of Andreas von Reitzenstein as the new Senior Vice President (SVP), Underwriting at its Hamilton office. In his new role, von Reitzenstein will be a key member of the investment team, focusing on underwriting, portfolio management, and origination for Elementum's CRI-inclusive funds. ... Read the full article
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