Reinsurance News
Juniper Re appoints Russ Wagner to spearhead launch into facultative reinsurance
10th September 2024
Juniper Re, LLC, the reinsurance broking arm of The Baldwin Group, has named Russ Wagner as Head of Facultative as it is set to enhance its ability to meet clients' needs in the evolving market. In the role, Wagner will spearhead Juniper Re's strategic entry into the facultative reinsurance space, marking ... Read the full article
HDI Global Insurance launches new Life Sciences Solution with $10M Capacity
10th September 2024
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the introduction of its new excess Life Sciences Liability policy. With coverage options of up to $10 million, this enhanced solution provides tailored protection for risks unique to the industry. It is designed for various ... Read the full article
WTW CLIPS reveals US rates are down in Q2’24, increasing to only 5.9%
10th September 2024
According to a new WTW Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates grew at a rate of 5.9% throughout the second quarter of 2024, down from 6.1% in Q2 2023. The rates for the same segment were reported at 6.3 % in Q1 2024, the survey suggests the ... Read the full article
Hiscox introduces new Personnel Security Plus product
10th September 2024
Hiscox, a provider of specialist insurance solutions, has introduced a new offering called Personnel Security Plus. This product is designed to enhance the coverage provided by Hiscox's existing Kidnap and Ransom insurance policy, offering businesses added protection for their employees who face a growing range of risks. The policy covers 22 distinct ... Read the full article
Mosaic Insurance adds 13 US environmental risk specialists to its team
10th September 2024
Specialty insurer Mosaic Insurance, has announced that it has added 13 US environmental risk specialists to its team as the organisation continues to buildout business across the Americas. According to Mosaic, this expansion marks the next stage of growth for the company's Environmental Liability division, which was launched as Mosaic' seventh line ... Read the full article
Colin Dutkiewicz appointed Senior Director of WTW’s ICT business
10th September 2024
WTW, the global advisory, broking, and solutions firm has appointed Colin Dutkiewicz as Senior Director to its Insurance Consulting and Technology (ICT) business. Based in London, Dutkiewicz is a renowned veteran across the life re/insurance industry, having spent over three decades working within the sector. He joins WTW from Aon, where he previously ... Read the full article
Insurers and asset managers continue to invest in longer term cybersecurity planning: Moody’s
10th September 2024
A vast majority of insurers and asset managers are continuing to invest in longer term cybersecurity planning and have put in place advanced cybersecurity protection, a new report from Moody's Ratings reveals. According to Moody's, these efforts reflect the growing frequency and sophistication of cyberattacks, as well as increased regulatory expectations ... Read the full article
IUA reports 25% increase in London company treaty business premiums
10th September 2024
Recent figures from the International Underwriting Association (IUA) reveal a substantial increase in treaty reinsurance within the London company market for 2023, premiums surged to £10.889 billion, compared to £8.248 billion in 2022, marking nearly a 33% growth. The upcoming London Company Market Statistics Report, due later this month, will offer ... Read the full article
Human expertise is vital for the success of any electronic placement platform: Ebix Europe
10th September 2024
At the beginning of the year, Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, which has attracted interest from major re/insurance brokers and carriers across the market. During an interview with Reinsurance News, James Pring, Sales Director, Ebix Europe, explained what steps the company are planning to ... Read the full article
Bermuda emerges as key theme for RVS’24 at PwC’s events
10th September 2024
PwC hosted over 400 reinsurance executives across three events at the annual Rendez-Vous de Septembre (RVS) in Monte Carlo. The main takeaway from these meets was the pivotal role played by Bermuda in driving the future of reinsurance as the region sees an increased level of activity and interest in ILS ... Read the full article
WTW partners with Kayna to expand affinity insurance offering for UK & US SMEs
10th September 2024
Global insurance broker WTW has established a strategic partnership between its Affinity Insurance business and Kayna, the insurance infrastructure platform, expanding its insurance solutions to SME clients domiciled in the US and UK through Vertical Software-as-a-Service (vSaaS) platforms. The partnership will enable WTW to distribute property, general liability, workers’ compensation, commercial ... Read the full article
Carbon Underwriting expands team with Julie Gallagher as Head of Syndicate Management
10th September 2024
Carbon Underwriting Limited, an independent managing general underwriter and manager of Lloyd’s syndicates CBN 4747 and CBN 5757, has announced the appointment of Julie Gallagher as Head of Syndicate Management, effective immediately. Gallagher has joined Carbon from Asta Capital Limited, where she was the Head of Client Management. With her extensive background ... Read the full article
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
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