Reinsurance News
Arthur J. Gallagher acquires Forest Insurance Facilities
30th January 2024
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA). The company serves clients ... Read the full article
Lockton Denmark’s Asmussen and Ludvigsen complete move to Söderberg & Partners
30th January 2024
Independent insurance broker Lockton has announced that Sten Asmussen and Erik Ludvigsen will move from Lockton Denmark to Söderberg & Partners, a member of the Lockton Global Partnership Network. The transfer takes place with immediate effect and will see Söderberg & Partners acquire all pension-related activities from Lockton Denmark. Lockton explained that ... Read the full article
Phoenix hires Julia Henderson, announces financing non-cat P&C reinsurer Gryphon
30th January 2024
Phoenix Merchant Partners, LP, an independent investment firm, has announced a number of new hires, including Julia Henderson’s as Managing Director, Insurance Solutions; as well as the closing of its first transaction, which finances non-catastrophe P&C reinsurance company Gryphon Holdings. The financing closed on January 10 and marks the official launch ... Read the full article
Brace Underwriting launches Brace USA, names Glenn Dorr President
30th January 2024
Beat Capital-backed Brace Underwriting Limited has announced the launch of Brace USA, naming Glenn Dorr as President and Head of Marketing, North America. Headquartered in North Carolina, Brace USA is set to "mirror the appetite" of its London counterpart, focusing exclusively on binder business, excluding natural catastrophe, cyber and long-tail liability ... Read the full article
Reinsurance broker platform Jireh Connect announces first ILW placement
30th January 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS) veteran Salvatore Tucci in Bermuda, Jireh Connect soft launched at the start of 2024. Since ... Read the full article
Generali’s position strengthened by recent acquisitions: CEO Donnet
30th January 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm's recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, the acquisition of Liberty Seguros, announced in June 2023, will enhance the firm's competitiveness and will contribute ... Read the full article
Canopius Group strengthens Credit & Political Risk team with key appointments
30th January 2024
Canopius Group, a leading global specialty (re)insurer, has announced strategic appointments to bolster its Credit & Political Risk team in London and the Asia-Pacific (APAC) region. Angelos Deftereos joins as the Head of Structured Credit, bringing over two decades of experience to Canopius. His previous role as Managing Director – Structured Finance ... Read the full article
Resilience expands Cyber Risk Solution to companies with revenues of up to $10bn
30th January 2024
Cyber risk management provider Resilience has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. Resilience explained that the expanded authorities come after a strong year of growth while achieving an "industry-leading loss ratio reflecting the success in defending clients from costly cyber ... Read the full article
Diversification & tech key positives for investing in Indian re/insurance market: Kshema
30th January 2024
In a recent interview, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, explained to Reinsurance News how the company is taking advantage of a capacity shortfall and leveraging advanced technology to bring vital insurance solutions to those in need. “There is a lot of reinsurance supporting India ... Read the full article
Standardisation of ESG metrics key for re/insurance industry to drive change: Chaucer
30th January 2024
The standardisation of environmental, social, and corporate governance (ESG) metrics across the re/insurance industry is key, as it would help insurers to make more informed decisions, according to Chaucer analysts. An industry-wide standard would further improve the quality of ESG disclosures by insured, experts also highlighted at the re/insurer’s Sustainability Forum ... Read the full article
Zurich NA reshuffles Direct Markets and Crop leadership as Santivasi departs
30th January 2024
Zurich North America has appointed Jason Meador, currently Head of Zurich's crop insurance business, Rural Community Insurance Services (RCIS), to lead the Direct Markets business. The appointment is effective February 1st, 2024, and he will continue to report to Kristof Terryn, Chief Executive Officer, Zurich North America as a member ... Read the full article
The market is gradually progressing towards adequacy and normalising: CEO, AXA XL Re
29th January 2024
Reflecting on the 1/1 2024 renewals, AXA XL Reinsurance's Chief Executive Officer (CEO), Renaud Guidée says that the market is "gradually progressing towards adequacy and normalising." In a report posted by the organisation, he explained that it is extremely important that the industry is getting back to a clearer and more ... Read the full article
Insurers urge European Commission to introduce EU legislation on vehicle data
29th January 2024
Insurance Europe has reported that the region's insurance industry, along with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula von der Leyen, to urgently deliver vital EU legislation on access to vehicle data. The group emphasised that after seven years ... Read the full article
SRS agrees to acquire Robus Group from The Ardonagh Group
29th January 2024
Independent insurance company manager Strategic Risk Solutions (SRS), has announced the acquisition of Robus Group from The Ardonagh Group, subject to regulatory approval. Robus operates from Guernsey and Gibraltar and provides professional management services to captive insurers, open market insurers and reinsurers, insurance intermediaries, MGAs, ILS fund managers, and other corporate ... Read the full article
HCI Group targets increased operational and capital flexibility
29th January 2024
Florida-domiciled insurtech, HCI Group, Inc., along with its majority-owned subsidiary, TypTap Insurance Group, Inc., will be modifying its relationship with Centerbridge Partners L.P. as it eyes greater operational and capital flexibility to better position the company for future growth opportunities. One of the strategic steps taken by the company includes the ... Read the full article
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