Reinsurance News
Ross Reynolds appointed CEO of Hamilton Insurance DAC
12th June 2024
Hamilton Insurance DAC, the designated activity company of Bermudian re/insurer Hamilton Insurance Group, has appointed Ross Reynolds as Chief Executive Officer, subject to regulatory approval. Reynolds, who is also joining the Hamilton Insurance DAC Board, will be replacing Fiona Marry who will be departing from the company. The new Hamilton Insurance DAC ... Read the full article
Aon, US DFC launch re/insurance program to unlock and accelerate investment in Ukraine
12th June 2024
Global insurance and reinsurance broker Aon has collaborated with the U.S. International Development Finance Corporation (US DFC) on a new $350 million insurance program designed to accelerate new capital investments and economic recovery in Ukraine. As the war in Ukraine persists more than two years after Russia's invasion, this first-of-its kind ... Read the full article
hyperexponential and Send partner to transform insurance pricing ecosystem
12th June 2024
hyperexponential, a company specialising in pricing decision intelligence solutions, and Send, a provider of underwriting workbench capabilities, have joined forces in a partnership which integrates their technologies to create a comprehensive pricing ecosystem tailored for insurers. This collaboration enables users of hyperexponential’s hx Renew platform to seamlessly connect with Send’s underwriting ... Read the full article
Invictus Capital Partners launches Insurance Solutions Business
12th June 2024
Invictus Capital Partners, an alternative credit asset manager, recently announced the launch of its new Insurance Solutions Business, which will be led by Senior Managing Director, Carl D. Bell. The launch of the Insurance Solutions Business addresses the growing interest and inquiries from Invictus's insurance company partners and prospects, demonstrating the ... Read the full article
Argenta Holdings hires EY’s Niranjan Nathan as group chief risk officer
12th June 2024
Argenta Holdings Ltd, a subsidiary of Hannover Re, has hired Niranjan Nathan as group chief risk officer, subject to regulatory approvals. He assumes the role from Carol-Ann Burton, who will continue to serve as group general counsel and compliance director. In his new role, Nathan will be based in London, where he will ... Read the full article
AM Best downgrades Louisiana Farm Bureau with negative outlook
12th June 2024
AM Best has downgraded Louisiana Farm Bureau Mutual Insurance Company credit ratings and assigned them a negative outlook, a move that reflects the company’s deterioration of its key balance sheet strength. Louisiana Farm Bureau Financial Strength Rating has been downgraded to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit ... Read the full article
CFC enhances fintech insurance coverage
12th June 2024
CFC, an insurance provider known for emerging risks in the cyber insurance market, has announced a significant update to its fintech insurance coverage. This revamped offering, available in the UK, Canada, and Australia, provides a streamlined, comprehensive solution that addresses both professional service and technology risks faced by today's fintech sector. “It’s ... Read the full article
Ryan Specialty promotes Derek Pouliot to Chief Reserving Officer of RSUM
12th June 2024
International specialty insurance firm Ryan Specialty has announced the appointment of Derek Pouliot to Chief Reserving Officer of Ryan Specialty Underwriting Managers (RSUM). RSUM is Ryan Specialty’s suite of managing general underwriters and national programs, providing tailored insurance solutions for specific industries. In his new role, Pouliot will oversee the valuation of ... Read the full article
AM Best upgrades Issuer Credit Ratings of Coface SA’s subsidiaries
12th June 2024
AM Best has upgraded Issuer Credit Ratings of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re, and assigned a stable outlook. All the companies above are subsidiaries of Coface SA, the non-operating holding company of the Coface group. The credit rating agency ... Read the full article
Vessel Protect appoints James Kent as Senior Business Development Underwriter
12th June 2024
Vessel Protect, a specialist war risk underwriter and part of Pen Underwriting, is enhancing its marine capabilities with the appointment of industry veteran James Kent as Senior Business Development Underwriter. Chris Goddard, Co-Managing Director of Marine at Pen Underwriting and CEO of Vessel Protect, expresses his enthusiasm for Kent’s appointment, stating, ... Read the full article
Vantage launches U.S. primary cyber insurance
11th June 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced that its U.S. subsidiaries will now offer primary cyber insurance, providing up to $10 million in coverage. This new cyber insurance offering supports the company's continued portfolio growth and enhances its insurance capabilities in the U.S. and Bermuda for brokers and ... Read the full article
Lee Equity’s investment in Axis Insurance to accelerate growth
11th June 2024
Axis Insurance, an independent specialty insurance brokerage, has announced it has received a significant growth investment from funds managed by investment firm, Lee Equity. According to the announcement, the partnership with Lee Equity, a specialist in investments in the financial services and healthcare industries, strategically positions Axis Insurance for long-term success ... Read the full article
Andrzej Klesyk and Vincent Vandendael join MJM Holdings Supervisory Board
11th June 2024
MJM Holdings has announced the appointments of Andrzej Klesyk and Vincent Vandendael to the Supervisory Board of the Company, a decision approved by the Extraordinary General Meeting of Shareholders of MJM Holdings SA. Marcin Slotala, CEO of MJM Holdings, expresses his enthusiasm for these appointments, noting, "The experience of Andrzej and ... Read the full article
NSM Insurance acquires Strategic Underwriters International
11th June 2024
NSM Insurance Group, a global specialty insurance provider, has completed the acquisition of Pennsylvania-domiciled, Strategic Underwriters International (SUI), a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SUI offers facultative casualty reinsurance for several lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability and Workers' Compensation. NSM stated that ... Read the full article
AXIS names Paul Boulos and Rob Ryan as Heads of Ocean Marine
11th June 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has made senior leadership appointments with the addition of Paul Boulos and Rob Ryan as Heads of Ocean Marine, effective immediately. The duo will report to Michael McKenna, Head of North America. McKenna, commented on the appointments, "Paul and Rob join ... Read the full article
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