Reinsurance News
Aon sells intellectual property platform assets to Moat Metrics
20th June 2024
Global re/insurance broker Aon has sold technology and intellectual property (IP) assets to Moat Metrics Inc., a Washington-based company that delivers AI driven business and research intelligence. Lee, founder and CEO of Moat Metrics, said: “We are grateful for our time at Aon as IP Solutions became a leading provider of ... Read the full article
Chubb hires AIG’s Roos as Technology & Climate Tech Industry Practice Leader for NE region
20th June 2024
Chubb, the property and casualty (P&C) insurer, has appointed American International Group's (AIG) Robin Roos as Technology and Climate Tech Industry Practice Leader for the firm's Northern Europe Region. In the role, he is expected to lead Chubb's multi-line proposition for Technology clients. In addition, he will also lead the company's proposition ... Read the full article
A young cyber market has matured, but enhancing preparedness and resilience is key: Kreuzer, Munich Re
20th June 2024
In a recent interview with Reinsurance News, Martin Kreuzer, Senior Risk Manager Cyber Risks at Munich Re, discussed how the firm stays ahead of the evolving cyber threat landscape and how companies can enhance their preparedness against these threats. Kreuzer offers his perspective on the current state of the cyber re/insurance ... Read the full article
ZestyAI partners with Duck Creek for property and climate risk analytics
20th June 2024
ZestyAI, a provider of AI-driven climate and property risk analytics solutions, has announced a strategic partnership with Duck Creek Technologies, a provider of core systems for property and casualty (P&C) insurance. This collaboration positions ZestyAI as a Solution partner within Duck Creek’s ecosystem, enabling property and casualty insurers to utilise advanced ... Read the full article
Arch names Roberto Tous AIEU Director of Strategy & Distribution for Europe
20th June 2024
Roberto Tous is joining Arch Insurance (EU) dac (AIEU), part of Arch Insurance International, as Director of Strategy & Distribution for Europe, to help expand the company's distribution strategy in the region. In this new role with AIEU, which provides specialist property and casualty insurance solutions within the European Union, Tous ... Read the full article
Fusion Specialty and HDI Global Specialty SE expand partnership into the Americas
20th June 2024
Fusion Specialty, a provider of specialty insurance solutions, has announced the expansion of its global collaboration with HDI Global Specialty SE, a specialty insurer, which is now extending into the Americas. This partnership will offer increased capacity for representations and warranties (R&W), tax, and contingent insurance lines. David Rogers, Fusion’s Executive Chairman, ... Read the full article
Aon names Tracy-Lee Kus Head of its London-based Global Broking Centre
20th June 2024
Global professional services firm Aon has appointed Tracy-Lee Kus as Head of its London-based Global Broking Centre (GBC), effective from the 1st of September 2024. Kus holds more than 30 years of experience in the insurance industry, having previously worked in South Africa, Singapore and the United Kingdom. After time elsewhere, Kus ... Read the full article
New Swiss Re CEO to drive reliable earnings and capital returns: JP Morgan
20th June 2024
With Andreas Berger taking over as Swiss Re CEO in July, analysts at JP Morgan have suggested his track record of delivery should be a catalyst for the firm to become a more reliable source of earnings and ultimately capital returns. Berger has run the primary insurance operations of Swiss Re's ... Read the full article
Cytora teams with ChAI to help insurers navigate market volatility
20th June 2024
Cytora, a digital risk processing platform, has entered into a partnership with ChAI, an AI-powered raw material market intelligence and commodity pricing forecaster, in a move that is anticipated to help insurers navigate market volatility. According to the announcement, the partnership will reportedly enable insurers to use ChAI’s commodity price forecasts ... Read the full article
Everest Insurance Intl. hires LSM’s Sylvain Chegaray as Head of Marine, France
20th June 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has hired Liberty Special Market's (LSM) Sylvain Chegaray as Head of Marine, France. An experienced veteran across the sector, Chegaray spent five years at LSM, where he most recently served as Marine Practice Leader. Prior to LSM, he worked ... Read the full article
Servca launches new office in Northern Ireland
20th June 2024
Servca, an independent, owner-managed Lloyd’s specialty broker, has announced the launch of a new office in Northern Ireland, strategically positioned to leverage the region's pivotal role as a trading hub for both UK and European business. This expansion aims to enhance proximity to clients and partners, reinforcing Servca's commitment to high-touch ... Read the full article
Trium Cyber partners with AttackIQ for enhanced cybersecurity
20th June 2024
Trium Cyber, the Lloyd's of London cyber insurance specialist, has partnered with AttackIQ to provide its policyholders with AttackIQ Flex, aiming to enhance cybersecurity and reduce risk. AttackIQ Flex is an on-demand testing service that allows organisations to quickly simulate cyberattacks through a user-friendly interface. It utilises AttackIQ’s advanced emulation software ... Read the full article
US lighting-related claims on the rise as insurers pay over $1.2bn to homeowners in 2023: Triple-I
20th June 2024
In 2023, over $1.2bn were paid out resulting from lightning-caused US homeowners insurance claims to more than 70,000 policyholders according to the Insurance Information Institute (Triple-I). After compiling national insurance claims data, Triple-I estimated that the total value of lightning-caused US homeowners insurance claims was up more than 30% in 2023, ... Read the full article
AM Best upgrades Issuer Credit Rating for The Hartford Financial Services Group
20th June 2024
Global credit ratings agency AM Best has upgraded the Issuer Credit Ratings (Long-Term ICR) of The Hartford Financial Services Group, Inc. (The Hartford) and its subsidiaries. To break it down, AM Best has revised the outlook to positive from stable for the Long-Term ICRs and affirmed the Long-Term ICR of “a-” ... Read the full article
Strong solvency levels to boost UK risk settlement market in H2 2024: Aon
19th June 2024
Strong solvency levels will boost the UK pension scheme risk settlement market in the second half of 2024, according to global insurance and reinsurance broker Aon. According to analysts, the publication of insurers’ latest annual returns confirmed that solvency levels remain strong and with ample headroom to support significant new business ... 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.
