Reinsurance News
Demand for parametric solutions to increase in 2024: Aon
9th February 2024
Demand for parametric covers from corporates and public entities will continue to increase to provide quick liquidity after a disruptive event, address gaps in traditional insurance coverage, and cover non-traditional risks, according to Aon's Q4 2023 Global Insurance Market Insights Report. Aon suggested that parametric solutions have now been tested in ... Read the full article
ATL RE names Marcelo Podawacz as Director and Head of Property
9th February 2024
ATL RE, a recently launched reinsurance broker aimed at serving the Latin America and Caribbean markets, has appointed Marcelo Podawacz as Director and Head of Property. Podawacz brings over three decades of extensive experience in the global insurance and reinsurance domains, with a significant focus on the Latin American sector. His most ... Read the full article
Matthew Madsen named as Accenture’s Global Insurance Operations Transformation Lead
9th February 2024
Professional services firm Accenture has hired Matthew Madsen as a Managing Director within its Insurance practice. In the role, he will help deliver high-impact solutions for insurers, reinsurers and brokers to help them adopt transformative technologies, as well as help improve the customer experience and develop new ways to enhance business performance. Based ... Read the full article
Shipping disruptions drive quadruple increase in prices, risking global supply chains: Swiss Re
9th February 2024
Recent attacks on ships in the Red Sea and a drought plaguing the Panama Canal area have wreaked havoc on global shipping, leading to a more than quadruple increase in prices since late 2023, according to a report by Swiss Re. The report highlights that these disruptions have severely impacted supply ... Read the full article
Ascend appoints Saima Shaukat to its Advisory Board
9th February 2024
Ascend, a financial operations automation platform, has named insurance and technology expert, Saima Shaukat, as the newest member of its Advisory Board. Shaukat joins with over two decades of experience in sales leadership and marketing strategy for the software as a service (SaaS) industry. She started her career with Salesforce and has ... Read the full article
Fidelis MGU promotes Kevin Adams and Jason Shrubb
9th February 2024
Bermuda-based Managing General Underwriter, Fidelis MGU, has promoted Kevin Adams to Head of US Treaty Production and Jason Shrubb to Head of US Reinsurance. Adams has been with the firm since January 2017, joining as a Senior Underwriter from reinsurance broker Guy Carpenter, where he spent almost three years as a ... Read the full article
AnaCap announces MRHT’s completion of four bolt-on acquisitions
9th February 2024
AnaCap Financial Partners has announced that portfolio company MRH Trowe (MRHT), a German independent P&C commercial broker, has completed four bolt-on acquisitions in January. Acquired with effect from January 1, 2024, the companies involved in the transaction include Bavaria AG, Vertoura Versicherungsmakler GmbH & Co. KG, Frank Rauch & Kollegen Finanz-und ... Read the full article
Nascent launches new collateral management feature for improved ILS transparency
9th February 2024
Insurance management and reinsurance transform organisation, Nascent Group, has unveiled a new collateral monitoring feature to facilitate smoother and more transparent insurance-linked-securities (ILS) transactions to the benefit of fund managers and investors in the space. The company explained that the implementation of this new feature is aimed at "supporting the health ... Read the full article
Asta secures approval for innovative SIAB to revolutionise biotech insurance
9th February 2024
Asta, in collaboration with its third-party managing agency at Lloyd’s, has announced the receipt of "in-principle" approval for an innovative syndicate-in-a-box (SIAB) aimed at revolutionising the insurance landscape for the biotech sector. This initiative, spearheaded by MCI Syndicate 1966 supplemented by Lloyd’s consortia, is set to introduce a pioneering insurance product ... Read the full article
AXA XL appoints Anne Marie Elder to newly created role Global CUO, Specialty
9th February 2024
AXA XL has appointed Anne Marie Elder to the newly created role of Global Chief Underwriting Officer, Specialty, effective April 1. Elder currently serves as AXA XL's Global Chief Underwriting Officer, Marine, having joined the business in 2011. Before this, she held positions with The Hartford, Allianz and CNA Insurance. According to AXA ... Read the full article
Mitsui Sumitomo (EU) appoints Martyn Rodden as Interim CEO, confirms new trading name
9th February 2024
Japanese insurer Mitsui Sumitomo Insurance’s UK subsidiary, Mitsui Sumitomo Insurance Company (Europe), Limited (MSI EU), has appointed Martyn Rodden as Interim Chief Executive Officer (CEO), effective immediately. The appointment is subject to regulatory approval, with Rodden reporting to Hironori Morimoto, MSI’s Managing Executive Officer in the UK. Simultaneously, MSI EU has confirmed ... Read the full article
‘Resilience’ emerges as key theme in global insurance landscape in 2023: Aon
8th February 2024
In a comprehensive analysis of the global insurance landscape, Aon's latest report for Q4 2023, led by Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, highlights resilience as the defining theme of the year. Despite economic volatility, geopolitical instability, and mounting climate concerns, communities and businesses have demonstrated remarkable resilience. The ... Read the full article
Fairfax responds to Muddy Waters accusations over its valuation
8th February 2024
Canadian financial holding company, Fairfax Financial Holdings Limited, has refuted claims in a recent report from Muddy Waters that the firm has "consistently manipulated asset values and income" by engaging in certain transactions, including those with insurance entities. Short-seller Muddy Waters released a report earlier today confirming it is short on ... Read the full article
McGill and Partners name Josef Heiler as Partner in the Fac Reinsurance, Germany
8th February 2024
Specialty re/insurance broker, McGill and Partners, has named Josef Heiler as a Partner in the Facultative Reinsurance team in Hannover, Germany, as it looks to strengthen its European presence. In his new role, Heiler will work with the McGill and Partners facultative colleagues globally, as well as the firm’s partners and ... Read the full article
Boost Insurance secures $130m in reinsurance capacity for expansion
8th February 2024
Boost Insurance, an insurance infrastructure platform, has announced a significant milestone with the securing of over $130 million in new reinsurance capacity. This capital injection will fortify Boost's position in supporting Managing General Agents (MGAs), insurtech firms, and embedded insurance programs. The expansion includes renewing treaties with existing reinsurers and welcoming new ... 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.
