Reinsurance News
Sentry expands into marine cargo with Falvey Insurance Group partnership
3rd June 2024
Sentry Insurance, one of the largest mutual insurance groups in the United States, has partnered with Falvey Insurance Group to offer admitted and non-admitted cargo capacity to Falvey’s broker partners. Falvey is a niche leading managing general agent (MGA) offering several property and casualty solutions focused on the supply chain and ... Read the full article
Inari to launch advanced underwriting workbench product
3rd June 2024
Inari, a technology solution provider for global insurance and reinsurance companies, has announced the upcoming launch of its new underwriting workbench product. This workbench is tailored to assist underwriters in handling the entire lifecycle of insurance submissions, both before and after binding. Key features of this product include assistance with negotiation, quoting, ... Read the full article
Erickson joins Duck Creek as General Manager of APAC
3rd June 2024
Duck Creek Technologies, a provider of SaaS-delivered software to the property and casualty (P&C) arena, has announced the appointment of Christian Erickson as General Manager of APAC (Asia-Pacific). In his new role, Erickson will oversee a new phase of investment in the region and further strengthen the deep relationships with existing ... Read the full article
AM Best upgrades MS Transverse Insurance Group’s ratings
3rd June 2024
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company, collectively referred to as MS Transverse Insurance Group (MS Transverse). According to AM Best, the ... Read the full article
Orderly June Florida reinsurance renewal leads to price declines: JMP
3rd June 2024
JMP Securities, an investment bank and brokerage firm, reports that the June 1 Florida reinsurance renewal proceeded smoothly, with increased supply largely matching the higher demand, leading to an overall expectation of single-digit price declines. In contrast to the Florida-focused June 1 renewal last year, this year's process unfolded earlier and ... Read the full article
John Symms joins White Bear MGA and Blenheim Underwriting
3rd June 2024
White Bear Group, a re/insurance company that owns Blenheim Underwriting, a syndicate at Lloyd’s of London, and White Bear Managers, an managing general agent (MGA) offering tailored insurance solutions, has appointed John Symms as Group Head of Capital Solutions. In this new position, Symms will be responsible for securing and enhancing ... Read the full article
At-Bay expands Cyber & Tech E&O coverage to businesses with up to $5bn in revenue
3rd June 2024
Cyber insurance provider At-Bay has expanded its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5 billion in revenue, with aggregate limits up to $10 million, in addition to other coverage enhancements. The firm is enhancing its Cyber and Tech E&O surplus capabilities in order to ... Read the full article
Jensten completes acquisitions of Melville Burbage and Henry Seymour & Co
3rd June 2024
UK broker and underwriter Jensten has announced the completion of two acquisitions: Melville Burbage and Henry Seymour & Co, with the latter initially announced in April. Melville Burbage, an independent insurance broker, serves various sectors such as construction, non-profit, and professional services. With expertise in engineering and printing, this acquisition ... Read the full article
Payden & Rygel strengthens insurance-investment team with Niall Clifford as SVP
3rd June 2024
Niall Clifford has been appointed Senior Vice President (SVP) at Payden & Rygel, one of the largest privately-owned global investment advisers, as part of the company’s London-based insurance-investment team expansion. As SVP, Clifford will be working with institutional investors to create bespoke solutions designed to enhance investment results by leveraging Payden’s ... Read the full article
Concirrus introduces new general aviation insurance market offering
3rd June 2024
Concirrus has launched Quest Aviation, an offering for the general aviation insurance market that reportedly increases efficiency for underwriters while addressing heightened regulatory demands and complexity. According to Concirrus, up to 40% of an aviation underwriter's time is consumed by non-value-adding tasks, such as manual data entry and paperwork. "Freeing up this ... Read the full article
WTW launches SaaS tool Climate Quantified to better assess nat cat risks
3rd June 2024
WTW, a global advisory, broking, and solutions company, has unveiled Climate Quantified, a new technology set to help quantify the financial impact of climate change with "unprecedented precision". By analysing the interactions between climate risk factors and their impact on business models, including physical risks, supply chain vulnerabilities and regulatory changes, ... Read the full article
Broadstone unveils Insurance, Regulatory & Risk Advisory division
3rd June 2024
Broadstone, the independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone Insurance, Regulatory & Risk Advisory division. According to the announcement, this proposition will service the life and non-life insurance sector including Lloyds and the London market, in addition to redress solutions and credit risk, financial modelling and ... Read the full article
Casper Specialty UK appoints Jacob Blomfield as Head of Operations
3rd June 2024
Casper Specialty UK Limited (Casper), a specialist casualty-focused managing general agent (MGA), has announced the appointment of Jacob Blomfield as Head of Operations. In his new role, Blomfield will be responsible for enhancing Casper’s operational infrastructure, with a focus on improving how the company captures, stores, and uses data. Simon Sykes, Chief ... Read the full article
Apollo launches first captive syndicate under revised model at Lloyd’s
3rd June 2024
Apollo Syndicate Management has reportedly launched the "first captive syndicate of the modern era" at Lloyd’s in partnership with a major global client. As per Apollo, this is the latest development in its mission to grow its extensive market offering and leading managing agency services. "The launch signals the start of Lloyd’s ... Read the full article
Hamilton appoints Bradley E. Cooper to its Board as Shareholder Director
3rd June 2024
Bermuda-domiciled specialty re/insurer Hamilton Insurance Group, Ltd. has appointed Bradley E. Cooper to its Board of Directors as a Shareholder Director by Hopkins Holdings, LLC., effective June 1st, 2024. Cooper, who replaces Antonio Ursano in the role, is a Managing Partner of Capital Z Partners, a private equity fund focused on ... Read the full article
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