Reinsurance News
SCOR announces further enhancements to Group’s sustainability strategy
21st May 2024
French reinsurer SCOR aims to achieve a reduction of 23% in the intensity of its greenhouse gases (GHG) emissions by 2030 versus the end of 2022, CEO Thierry Léger announced during the Group’s General Meeting. This is the reinsurer’s first interim target relating to companies having their headquarters in Europe for ... Read the full article
Zurich Insurance and insurtech BOXX launch personal cyber product
21st May 2024
Zurich Insurance in Switzerland and cyber insurtech BOXX have partnered to introduce a breakthrough personal cyber product designed to help individuals and families better predict and prevent potential scams and digital threats. This collaboration was born in response to the critical need for comprehensive protection against digital threats, BOXX explains. The new ... Read the full article
Florida market stabilisation continues following “historic” reforms: OIR
21st May 2024
The Florida Office of Insurance Regulation (OIR) has noted that it continues to see overall market stabilisation following the "historic" legislative reforms of 2022/2023 that have reportedly enhanced consumer protections, strengthened Citizens Property Insurance Corporation, and encouraged investment by re/insurers. This news follows the signing of House Bill 1611 by Governor ... Read the full article
Carnevale joins Munich Re Specialty NA as Head of US Programs
21st May 2024
Munich Re Specialty - North America, part of the Munich Re Group, has hired industry veteran Claudia Carnevale as Head of US Programs. Based in New York, Carnevale brings over 25 years of industry expertise towards her new role. She joins the organisation from Homesite Underwriting Managers, where she previously held the ... Read the full article
SRG acquired by Warburg Pincus and Temasek to fuel growth
21st May 2024
Insurance industry intermediary Specialist Risk Group (SRG) has announced its acquisition by Warburg Pincus and Temasek. This partnership with these investors aims to support SRG’s growth plans and strategy, with SRG’s management team retaining a significant stake in the company. SRG was founded in January 2020 under the leadership of Group CEO ... Read the full article
Howden launches SME cyber insurance platform to widen access to protection
21st May 2024
Howden, the global insurance intermediary group, has launched a unique cyber insurance platform for SMEs that enables easier access cyber insurance by simplifying the process of purchasing cover. The platform is designed for businesses with revenues of up to $250 million, and allows cyber insurance to be purchased in four simple ... Read the full article
Former Everest exec John Doucette named CEO of Amynta Risk Solutions
21st May 2024
John Doucette, the former President and Chief Executive Officer (CEO) of Reinsurance at Bermuda-based Everest Group, has been appointed as the new CEO of Amynta Risk Solutions, effective May 2024. Amynta is an insurance services company that specialises in Property, Casualty and Specialty insurance as well as Warranty and Protection. Based in ... Read the full article
Atlantic structures first tax insurance policy for section 45Q carbon credits
21st May 2024
Atlantic Global Risk announces the placement of the first tax liability insurance policy for a significant transaction in the carbon capture and sequestration (CCS) sector. Following the enactment of the Inflation Reduction Act, the owner of a large Midwest facility saw an opportunity to leverage the financial incentives in Section 45Q ... Read the full article
Generali sees Q1 GWP grow to €26.4bn as operating result improves
21st May 2024
Generali has revealed that in Q1 of 2024, its gross written premiums (GWP) increased 21.4% from the previous year to €26.4 billion, driven by strong performances in both the Life and P&C segments. Broken down, GWP in the Life segment in Q1 of 2024 were €16.9 billion, up 28.4% from the ... Read the full article
Wright and McLaughlin join WTW’s Strategic Client Engagement Leadership team
21st May 2024
Global broker WTW, has appointed two new members to the Strategic Client Engagement Leadership (SCEL) team, Chad Wright and Conor McLaughlin. Wright will serve as a Strategic Client Engagement Leader while McLaughlin will take over the role of Global Client Advocate, both within Corporate Risk and Broking in North America (CRB ... Read the full article
IUA supports ICAEW’s professional indemnity insurance reforms for UK accountants
21st May 2024
The International Underwriting Association (IUA) welcomes the professional indemnity insurance reforms for accountants in the UK proposed by The Institute of Chartered Accountants in England and Wales (ICAEW) Regulatory Board, the organisation recently announced. These reforms include plans to increase minimum limits of cover to £2 million and give smaller firms ... Read the full article
Dubai’s DIFC continues to strengthen its re/insurance capabilities: Arif Amiri
21st May 2024
Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority, provides insights into the reinsurance industry. From the expanding opportunities in the MEASA region to the emergence of Managing General Agents (MGAs), Amiri explores key developments influencing the industry. “Players within the insurance value chain are experiencing a surge in ... Read the full article
Bindu Crandall named CMO for Duck Creek Technologies
21st May 2024
Duck Creek Technologies, a provider of SaaS-delivered software to the property and casualty (P&C) arena, has announced the appointment of Bindu Crandall as Chief Marketing Officer (CMO). In her new role, Crandall will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts driving the company’s global expansion and leadership ... Read the full article
Optimism amongst risk managers led to deprioritisation of core risk management: Origami Risk
21st May 2024
Origami Risk, the risk, safety, and insurance Software as a Service (SaaS) technology firm, in its third annual State of Risk report, has disclosed the trend in deprioritisation of core risk management activities due to the increased optimism among risk managers. The firm polled 240 risk professionals across the United States ... Read the full article
“Highly active” 2024 hurricane season on the horizon, says Munich Re
20th May 2024
Global reinsurance giant Munich Re has indicated that the 2024 hurricane season in the North Atlantic is expected to be highly active, as current forecasts are suggesting that the number of tropical cyclones could be "significantly higher than the long-term average." In a recent report released by the firm, it explains ... 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.
