Reinsurance News
Earnix announces collaboration with Verisk ERC solution
14th June 2024
Earnix, a provider of AI-based SaaS solutions for financial services, has announced a strategic partnership with Verisk, a data analytics and technology provider. This collaboration will allow Earnix to incorporate Verisk's ISO Electronic Rating Content (ERC) into its pricing and rating platform. The integration aims to enhance accuracy, speed up delivery ... Read the full article
CRC Group strengthens team with three new appointments
14th June 2024
CRC Group, a North American wholesale specialty insurance distributor, has announced the appointments of Yoni Armstead, Dylan Kamen, and Lindsay Holmes. These appointments are part of CRC Group's strategic effort to enhance support for retail agency clients across the nation. Yoni Armstead joins CRC as an Underwriting Team Leader. He previously worked ... Read the full article
AXA XL and water management specialist WINT extend partnership
14th June 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, and WINT Water, a provider of cutting-edge water management and leak-prevention solutions, Intelligence have announced the extension of their partnership to mitigate water damage in real estate. The AXA XL-WINT partnership looks to offer an innovative, ... Read the full article
BILTIR report analyses Bermuda’s long-term insurance market status
14th June 2024
The Bermuda International Long Term Insurers and Reinsurers (BILTIR), a trade association with over 70 member (re)insurance companies and service providers, has published a report examining the history and present condition of Bermuda's long-term insurance sector. The report, "Building for the Long Term: Examining the History, Future, and Importance of Bermuda’s ... Read the full article
Strong outlook for Lloyd’s market in 2024: Howden
13th June 2024
A recent report by Howden highlights that the conditions and prospects for the Lloyd’s market remain strong in 2024, characterised by strong rate adequacy across nearly all business classes, and minimal indications of new capital entering the market that could disrupt this stability. Howden notes that Lloyd’s has achieved excellent underwriting ... Read the full article
Swiss Re & Appian expand partnership for underwriting workbench in EMEA & Asia
13th June 2024
In partnership with reinsurer Swiss Re, Appian, a technology company known for its software solutions, is expanding its Connected Underwriting Life Workbench solution into select countries across Asia Pacific, Europe, the Middle East, and Africa (EMEA). Integrated with Swiss Re's automated life insurance underwriting solution, Magnum, the Appian Connected Underwriting Life ... Read the full article
Everest Insurance Intl. hires AXIS Capital’s Hamblin as Head of D&F Property
13th June 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed Laura-Jayne Hamblin as Head of D&F Property. Based in London, Hamblin joins the firm with 20 years of industry expertise. She joins Everest from AXIS Capital, where she most recently held the role of senior underwriter - ... Read the full article
Kita expands carbon credit insurance to EU and EEA markets
13th June 2024
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has announced it will now offer carbon credit delivery risk insurance to EU & EEA insureds, complementing existing coverage for buyers and investors in the UK, USA, Canada, Singapore, and Switzerland. To access this key market, Kita has partnered with Pro ... Read the full article
McGrath to head Markel’s Fine Art North America team
13th June 2024
Markel, the insurance operations within Markel Group Inc., today announced the appointment of Kyle McGrath as Head of Fine Art – North America, with immediate effect. Based in New York, McGrath will be responsible for leading Markel’s Fine Art business in North America, and driving the strategic, profitable expansion of this ... Read the full article
Jensten acquires Chris Knott Insurance Consultants
13th June 2024
UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the deal will reportedly introduce a dedicated team of 19 professionals, as well as an office ... Read the full article
CFC launches Carbon Cancellation Insurance
13th June 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks if purchased carbon credits are cancelled or invalidated due to political risks such as regulatory changes or ... Read the full article
RSA names Alex Wright as Senior Partnership Manager: MGA and Schemes
13th June 2024
RSA Insurance has appointed Alex Wright as Senior Partnership Manager: MGA and Schemes in its delegated business, part of its Commercial Lines segment. Wright has over 17 years of finance and insurance industry experience, having worked at several firms, including Towergate and Geo Personal Lines. She joins RSA from Arc Legal Group, ... Read the full article
AM Specialty Insurance Group acquires Pinpoint Insurance Solutions
13th June 2024
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has announced the acquisition of Pinpoint Insurance Solutions, a national programme administrator, managing general agency (MGA), and surplus lines brokerage. Brad J. Sickinger, President of Pinpoint US, said: "We are thrilled to join AM Specialty ... Read the full article
McGill and Partners names Cartmell Partner in Treaty Reinsurance team
13th June 2024
Insurance and reinsurance broker McGill and Partners has announced Victoria Cartmell has been appointed to Partner in the Treaty Reinsurance team. Cartmell has been part of McGill and Partners since 2029 when she joined as an Associate specialising in programmes and helping place North American property and terrorism open market programmes. Prior ... Read the full article
Regulatory, supply chain & geopolitical risks deemed top business concerns: BDO
13th June 2024
Organisations need to change the way they respond to global risks if they want to stay competitive, according to findings from a new report from BDO, the accountancy and business advisory firm. BDO's annual risk report found that business leaders are facing almost permanent disruption, with 84% of respondents to its ... 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.
