Reinsurance News
Fintech industry shifts focus to profitability during growth challenges: BCG
12th July 2024
The fintech industry is poised for significant growth despite recent challenges, according to a recent report by Boston Consulting Group (BCG), a management consulting firm, and QED Investors, a venture capital firm specialising in fintech, titled Global Fintech 2024: Prudence, Profits, and Growth. Drawing insights from interviews with over 60 global ... Read the full article
Hagerty adds ex-Munich Re US CEO Anthony Kuczinski to its Board
12th July 2024
Specialty automotive insurer Hagerty, Inc. has appointed former Munich Reinsurance US Holdings (Munich Re US) Chief Executive Officer (CEO), Anthony J. Kuczinski, to its Board of Directors, effective immediately. Kuczinski is an industry veteran with a career spanning over 34 years at Munich Re, where he held various leadership positions, including ... Read the full article
AdvantageGo and FortifyData partner to enhance cyber risk analysis for underwriters
12th July 2024
AdvantageGo, a commercial re/insurance software provider and part of Coforge, has formed a strategic partnership with FortifyData, a cyber risk management solutions provider, aiming to enhance underwriters’ ability to analyse cyber risks. FortifyData’s platform identifies and evaluates cyber risks by directly assessing organisations. It provides a risk-based view of vulnerabilities and ... Read the full article
Tara Hill hires Richard Edsall as SVP
12th July 2024
Tara Hill Insurance Services, the newly launched Excess and Surplus (E&S) program administrator, has appointed renowned industry veteran, Richard Edsall as Senior Vice President. Most recently, Edsall served as SVP of commercial management liability at Argo Pro. In his new role, he is expected to be responsible for developing an E&S ... Read the full article
Global Parametrics and One Acre Fund deliver parametric solution for Zambia and Malawi farmers
12th July 2024
One Acre Fund and Global Parametrics, a CelsiusPro Group company, have partnered to provide financial protection for smallholder farmers in Zambia and Malawi against the financial strain of losing their crop due to drought. Using data collected and verified by One Acre Fund from individual farmers, the companies developed a water-balance ... Read the full article
Global M&A activity gains momentum in 2024 amid regional challenges: WTW
11th July 2024
Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter's completed deals surpassing those of the same period last year, WTW's Quarterly Deal Performance Monitor (QDPM) reports. In collaboration with the M&A Research Centre at Bayes Business School, ... Read the full article
Chedid Re hires industry veteran Vandendael as Independent Non-Exec Director
11th July 2024
Chedid Re has hired industry veteran, Vincent Vandendael, as an Independent Non-Executive Director. If you recall, Vandendael recently joined MJM Holdings' Supervisory Board. Overall, Vandendael brings over 30 years of industry expertise towards Chedid Re. He previously served as CEO of Everest Global Markets and its Lloyd’s Syndicate 2786, as well as ... Read the full article
Aspen Data Labs launches to enhance digital and AI capabilities
11th July 2024
Aspen Insurance Holdings Limited, a provider of insurance and reinsurance solutions, has launched Aspen Data Labs, a new platform designed to advance its digital capabilities and enhance its focus on data and artificial intelligence (AI). Aspen Data Labs will facilitate collaboration among employees and partners on data science and AI projects ... Read the full article
Vantage names Leanne Berry Chief Distribution Officer
11th July 2024
Vantage Group Holdings has appointed Leanne Berry as Chief Distribution Officer, effective immediately. In the new role, Berry will reportedly oversee all aspects of Vantage's specialty insurance distribution strategy to support its sustained growth trajectory. She will additionally be responsible for building greater market awareness, strengthening key partner and client relationships, and ... Read the full article
Pool Re to streamline finance and investment processes with Clearwater partnership
11th July 2024
Clearwater, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has partnered with Pool Re, Britain's government-backed terrorism reinsurer, to support its investment accounting and reporting process. With this partnership, the UK reinsurer aims to transition from using a custodian-based model to Clearwater's single instance, multi-tenant platform to streamline ... Read the full article
Pacific Life Re strengthens savings & retirement team with key promotions
11th July 2024
Pacific Life Re, a company in the life and health reinsurance sector, is growing its client solutions team in the savings and retirement business. This expansion will enhance their ability to support clients as the business grows in both current and new markets. Philip Edbrooke is now Vice President, Client Solutions (UK ... Read the full article
Marsh McLennan still top, but Gallagher now world’s third largest insurance broker
11th July 2024
Ranked by 2023 total revenues, Marsh McLennan retains the top position for the 14th consecutive year in AM Best's rankings of the top global insurance brokers, with its total revenue rising nearly 9.7% to reach $22.7 billion in the year. Our directory of the Top 20 Global ... Read the full article
Everest names Nicole Robertson as Head of NA Insurance Sales & Distribution
11th July 2024
Everest Group, Ltd., the global underwriter for property, casualty, and specialty re/insurance has appointed Nicole Robertson as Vice President, Head of North America Insurance Sales and Distribution Strategy. The re/insurer stated that "Robertson has been instrumental in managing the North America Insurance strategy." In her expanded role, she will oversee the consistency ... Read the full article
DUAL Europe announces partnership with VHV Allgemeine Versicherung AG
11th July 2024
DUAL Europe has partnered with VHV Allgemeine Versicherung AG, part of the VHV Group (VHV), a strategic move that aims to strengthen its position in the Construction market. Backed by VHV’s capacity, DUAL Europe’s Engineering & Construction Hub offers C.A.R. (Construction All Risks), E.A.R. (Erection All Risks), Machinery Breakdown, Completed Engineering ... Read the full article
Amynta to acquire Unum Group’s Medical Stop Loss business
11th July 2024
Amynta Group, the insurance services company, has entered into a definitive agreement with Unum Group, which will see Amynta acquire the Group’s Medical Stop Loss business. According to the announcement, the business will operate as a full-service managing general underwriter (MGU) under Amynta Risk Solutions. For those who are not aware, the ... Read the full article
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