Reinsurance News
AnaCap enters exclusive talks to acquire Cleva from Inetum
3rd July 2024
AnaCap, a private equity investor specialising in collaborations with founders and entrepreneurial management teams across services, technology, and software in the European financial sector, has entered into exclusive negotiations to acquire the insurance software provider Cleva from Inetum Group. This will be AnaCap’s second major investment in 2024, following the acquisition ... Read the full article
Everest Insurance expands European presence with key leadership appointments
3rd July 2024
Everest Insurance has announced the appointments of François-Xavier d'Huart as Head of France and Europe Strategic Projects and Anne Charon as Head of Client Engagement, Europe for Everest Insurance International, in a move that expands the firm's European footprint. Véronique Brionne, Head of Continental Europe at Everest, expressed enthusiasm for the ... Read the full article
Munich Re’s Risk Management Partners & CGI to help insurers reduce claims through climate risk mitigation
3rd July 2024
Munich Re's Risk Management Partners is teaming with CGI, the business and IT consulting services firm, in a move that is set to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This partnership between the two firms will combine Munich Re's Location Risk Intelligence Platform ... Read the full article
Dickinson named Non-Exec Director of Hiscox Insurance Company (Bermuda)
3rd July 2024
Specialist global insurer, Hiscox, has announced the appointment of Curtis L. Dickinson as a Non Executive Director for its subsidiary Hiscox Insurance Company (Bermuda) Limited (HIB) board, subject to regulatory approval. Dickinson, who has over 25 years of experience in investment and commercial banking across the USA, UK and Bermuda, will ... Read the full article
Mid-year renewals reveal $5bn additional capacity for US reinsurance buyers: Aon
3rd July 2024
The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance and reinsurance broker Aon. Aon's mid-year 2024 report highlights that this extra capacity brought the total ... Read the full article
Gen AI to be transformative for the industry, lot of foundational work to be done: Oxbow
3rd July 2024
As generative AI (Gen AI) continues to be adopted across the re/insurance sector, it is becoming more clear that the technology will be truly transformative for the industry. However, it appears that there is still a lot of foundational work that needs to be done, according to advisory firm, Oxbow ... Read the full article
Sompo appoints Christoph Müller as Country Manager for Insurance in Switzerland
3rd July 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ralph Brand, President of Continental Europe Insurance at Sompo. Brand expressed enthusiasm for Müller’s appointment, stating, “Christoph ... Read the full article
Rates down 10%+ for some upper layers of property placements at mid-year renewals: GC
3rd July 2024
Reinsurance broker Guy Carpenter's mid-year reinsurance renewal report reveals that some upper layers of property placements saw risk-adjusted decreases of 10% or more for accounts without loss impacts. However, the broker finds that mid-year 2024 global property catastrophe reinsurance risk-adjusted rates were generally flat to mid-to high-single digits. The report noted that ... Read the full article
WTW announces new leadership to support ongoing growth in Australia and New Zealand
3rd July 2024
WTW, an advisory, broking, and solutions firm, has named Aon's James Baum as the Head of Australia and New Zealand and the Head of Corporate Risk & Broking (CRB) for these regions, starting on July 15. Simon Weaver will continue his duties as WTW Head of Asia Pacific and Head of ... Read the full article
Lexasure and OneDegree launch cyber insurance for South/Southeast Asia
3rd July 2024
Lexasure Financial Group Limited (Lexasure), specialising in reinsurance, insurance, and insurtech solutions across South and Southeast Asia, joins forces with OneDegree Global (ODG), the technology division of OneDegree Group renowned for its IXT insurtech solutions and Cymetrics cybersecurity services. They revealed a joint cyber insurance solution at the ITC Asia conference ... Read the full article
Miller makes trio of hires for Solicitors PI team
3rd July 2024
Independent specialist re/insurance broker Miller has made three new hires in its Solicitors’ Professional Indemnity (PI) team, namely Calum MacLean, Chris Jones and Tom Davies. All will report to Zarina Lawley, Head of Legal Services. Calum MacLean joins as a Risk Manager, bringing over 20 years of experience in the legal and ... Read the full article
Marsh McLennan acquires employee benefits broker Hudson Shore Group
3rd July 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a public and private sector employee benefits broker based in Red Bank, New Jersey, US, in an undisclosed transaction. Founded in 2010, Hudson Shore Group specialises in public sector clients, providing employee benefits, consulting, and administrative services with a ... Read the full article
PIC completes second buy-in with TotalEnergies UK Pension Plan, covering £2.8bn
3rd July 2024
Pension Insurance Corporation plc (PIC) has completed a £1.2 billion buy-in with the Trustee of the TotalEnergies UK Pension Plan, sponsored by TotalEnergies, an energy company involved in oil, biofuels, natural gas, green gases, renewables, and electricity. This transaction is the largest buy-in announced so far this year. It follows the ... Read the full article
Aon strengthens analytics leadership with key appointments
3rd July 2024
Global insurance and reinsurance broker Aon has announced the appointments of Luis Acevedo as Head of Analytics for Commercial Risk in Latin America and Peter Cheesman as Head of Analytics for Risk Capital in Asia Pacific (APAC), in addition to his current role. Paul Shedden, Global Head of Advanced Risk Analytics ... Read the full article
WTW reveals enhanced investment management insurance solution, IMI Plus
3rd July 2024
Global advisory, broking, and solutions company WTW has revealed the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies. As per WTW, IMI Plus ensures "thorough and ... Read the full article
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