Reinsurance News
Cyber threats top the 2024 Travelers Risk Index, fourth time in six years
24th September 2024
The 2024 Travelers Risk Index released by property and casualty insurer, The Travelers Companies, Inc. has disclosed cyber threats as the top concern amongst businesses, for the fourth time in six years. Established in 2014, the annual survey asks business insurance decision-makers of US-domiciled companies of various sizes and industries about ... Read the full article
SEADRIF Insurance makes US$750k payout to support Lao PDR’s recovery efforts following Typhoon Yagi
24th September 2024
SEADRIF Insurance Company has made a payout of US$750,000 to support the eight provinces in Lao PDR devastated by the passage of Typhoon Yagi, which has been called Asia’s most powerful storm this year. According to the announcement, the funds will aid Lao PDR’s recovery efforts and help the government reach ... Read the full article
MacAulay joins Mayer Brown as partner within Corporate & Securities & Global Insurance
24th September 2024
International law firm Mayer Brown has announced that Legal & General's Tom MacAulay has joined the firm as a partner within its Corporate & Securities practice and Global Insurance Group in London. During his tenure at Legal & General, MacAulay served in a number of different roles. Most recently, he held the ... Read the full article
Max Tetlow rejoins Appleby’s Bermuda office as Partner
24th September 2024
Global law firm Appleby has announced that Max Tetlow will join its insurance team and corporate practice as Partner, effective 1 November 2024. Brad Adderley, Bermuda Managing Partner, expressed enthusiasm for Tetlow’s return, stating, “We are excited to welcome Max back to our dynamic and growing group. "Our insurance practice remains the ... Read the full article
Ledger Investing funds and launches new $100m casualty sidecar
24th September 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has successfully funded and launched a new casualty sidecar facility, designed to provide up to $100 million of capital to finance the casualty reinsurance business of a global reinsurance firm over three underwriting years, and on a quota share ... Read the full article
Private P&C grew at 9.2%, higher than commercial for first time in years: Insuramore
24th September 2024
According to Insuramore analysis, the value of the global market for property and casualty (P&C) insurance rose by 8.6% in 2023, before adjusting for inflation with private P&C lines at 9.2% outgrowing commercial P&C lines with 8.0% for the first time in several years Insuramore's global rankings disclosed that the top ... Read the full article
West Bend enhances underwriting with ZestyAI’s AI-powered risk analytics
24th September 2024
West Bend Insurance Company has expanded its partnership with ZestyAI to incorporate more AI-powered risk analytics into its underwriting process. West Bend will now utilise ZestyAI’s property risk platform, Z-PROPERTY, to improve the accuracy of its underwriting and renewal processes for personal lines insurance. Z-PROPERTY uses AI and computer vision to analyse ... Read the full article
Ruth Farrugia named Chief Investment Officer at Resolution Life
24th September 2024
Global life insurance group Resolution Life has announced the appointment of Ruth Farrugia as Chief Investment Officer, who will succeed Karl Happe as part of a planned transition. Farrugia, a senior finance executive with over 20 years’ experience in the asset management sector, is joining the company from MetLife Investment Management ... Read the full article
E&S lines see growth amid admitted market exit or pullback: Triple-I
24th September 2024
Excess and Surplus lines (E&S) have experienced remarkable growth for five straight years by double-digit percentage rates, mainly due to admitted markets pulling back or exiting markets, according to a recent Triple-I report. Analysts noted that solid underwriting results continue to drive operating profitability due to emerging new risks and declining ... Read the full article
Global Parametrics names Harry Titherley Business Development Director
24th September 2024
Global Parametrics, a CelsiusPro Group company, has announced the appointment of Harry Titherley as Business Development Director, a London-based role. Titherley brings extensive experience in parametric re/insurance to his new role. He has a strong track record in originating, designing, and placing parametric schemes for various lines of business, as well ... Read the full article
Ageas unveils three-year strategic plan for growth
24th September 2024
International insurance group Ageas has unveiled Elevate27, a new strategic plan for 2025-2027 aimed at enhancing the company’s performance by focusing on profitable growth, technical insurance leadership, operational excellence, and improving customer experience. The company also noted that it aims to grow its earnings per share by 6% to 8% on ... Read the full article
Price Forbes Re appoints Oliver Waterhouse as Head of Property Fac
24th September 2024
Price Forbes Re has announced the appointment of Oliver Waterhouse as Head of Property Facultative (Fac). Waterhouse will be based in the firm’s London office and will report directly to Nikki Melbourne, Head of Facultative at Price Forbes Re. In his new role, he will lead the Property Fac division, a key ... Read the full article
WTW adds Kaur as Global Leader of Operations, Strategy Execution & Data, Neuron
24th September 2024
Global insurance broker WTW has appointed Parveen Kaur in the newly created role of Global Leader of Operations, Strategy Execution and Data to Neuron, its commercial digital trading solution. This follows WTW's commitment to advance the scope and scale of Neuron’s next-generation capabilities, aimed at improving the speed and cost of ... Read the full article
McGill and Partners to expand into Nordics with new office in Sweden
24th September 2024
Global specialty insurance and reinsurance broker McGill and Partners has revealed it will be expanding into the Nordics with the opening of a new branch office in Sweden. According to the firm, the new branch will be part of its European entity, strengthening broking expertise across its key specialties and further ... Read the full article
Aon launches new US severe convective storm catastrophe model
24th September 2024
Global insurance and reinsurance broker Aon has launched a new catastrophe model to analyse the impact of increasingly costly Severe Convective Storms (SCS) in the US, which the firm says reflects re/insurers "true exposures" to the peril. SCS have accounted for over 60% of global natural catastrophe losses in H124, and ... Read the full article
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