Reinsurance News
Sompo appoints Swiss Re’s Tewes as Head of Risk Control CE Commercial P&C Insurance
31st May 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has appointed Malwine Tewes to the newly established role of Head of Risk Control for its Continental Europe (CE) Commercial Property and Casualty (P&C) insurance business. In her new role, Tewes will report directly to Ralph Brand, President ... Read the full article
Universal secures combined $2.4bn reinsurance tower for 2024-2025
31st May 2024
Universal Insurance Holdings, Inc. has announced the completion of its combined 2024-2025 reinsurance program, effective June 1, 2024, for its subsidiaries Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company, which provides $2.4 billion of coverage. The duo have set the top of their combined ... Read the full article
Automated EHR Summarizer, an effective & efficient tool for life insurance underwriting: Munich Re
31st May 2024
In a recent interview with Reinsurance News, June Quah, Vice President, Integrated Analytics, Munich Re North America Life, discussed the reinsurance giant's newest digital solution, Automated EHR Summarizer which is set to ensure efficient and accurate use of Electronic Health Record (EHR) data for automated and programmatic life insurance underwriting. Read the full article
Core Specialty adds ex-Goldman Sachs veteran Sally Pope Davis to its Board
31st May 2024
Core Specialty Insurance Holdings, and subsidiaries, have announced the addition of Sally Pope Davis to its Board of Directors, effective immediately. Jeff Consolino, Core Specialty’s Founder, President, and Chief Executive Officer, said, "We have come to know Sally during her time at Goldman Sachs Asset Management where, during her tenure, she ... Read the full article
AIG is selling an additional 30 million of Corebridge shares
31st May 2024
Global insurer, American International Group (AIG) has launched a secondary offering of Corebridge Financial common stock, priced at $29.20 per share. The insurer has offered 30 million existing shares of common stock, out of approximately 608 million total shares of common stock outstanding of Corebridge Financial. These correspond to approximately $876 million ... Read the full article
QBE NA partners with DUAL’s Catalytic Risk Managers on Builders Risk Program
31st May 2024
QBE North America, part of the global insurer, has announced a new program partnership with Catalytic Risk Managers & Insurance Agency, LLC, a division of DUAL North America, Inc. Both organisations will work together on the Builders Risk program, which has been established to offer builders risk coverage on a non-admitted ... Read the full article
Moody’s enhances risk management with TomTom’s precise location data
31st May 2024
Moody’s has selected TomTom’s global location data to enhance the accuracy and relevance of geocoding analyses across various workflows in its risk management solutions. This data will be integrated into Moody’s Insurance Geocoder, combining TomTom’s highly accurate location data with Moody’s modelling capabilities. This integration will provide organisations in the insurance, ... Read the full article
McGill and Partners adds Cabot Lyman to US Property team
31st May 2024
Insurance and reinsurance broker McGill and Partners has announced the appointment of Cabot Lyman as Partner in its US Property team. “The addition of Cabot to the team strengthens our highly differentiated value proposition that enables us to deliver market-leading global placement expertise and capabilities for both our clients and distribution ... Read the full article
Everest expands global presence by launching Mexican operations
31st May 2024
Bermuda domiciled insurer and reinsurer Everest, has received regulatory approval to begin operating in Mexico. Trading as Compañía de Seguros Generales Everest México S.A. de C.V., the entity will be headquartered in Mexico City, and it will be led by Jaime Chaves López, Head of Mexico, leading operations. If you recall, ... Read the full article
MS Amlin predicts highly active 2024 Atlantic hurricane season
31st May 2024
MS Amlin, Lloyd's global insurer and reinsurer, predicts that the upcoming 2024 Atlantic hurricane season will be significantly above average, potentially one of the most active on record. Climate scientists at MS Amlin analysed forecasts from 24 research groups, private companies, universities, and government agencies. The consensus indicates an average of ... Read the full article
SCOR secures $175m of retro with latest cat bond
31st May 2024
French reinsurer SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2024-1, providing it with a multi-year risk transfer capacity of $175 million against named storms in the US and earthquakes in the US and Canada. Atlas Capital DAC Series 2024-1 is an aggregate, index-based trigger cat bond ... Read the full article
Former Verra CEO David Antonioli joins Oka’s advisory board
31st May 2024
US carbon-credit insurance carrier Oka, has added former Verra CEO, David Antonioli, to its advisory board as the company sets its sights on international carbon markets. During his 15-year tenure at Verra, Antonioli oversaw the Verified Carbon Standard (VCS) Program and corresponding registry. Prior to working at Verra, he served as a ... Read the full article
Bondaval launches new reinsurance vehicle to enable future growth
31st May 2024
Bondaval is establishing a reinsurance vehicle, Bondaval Re, marking a new chapter for the business, which has so far been operating exclusively as a managing general agent. According to the firm, Bondaval Re will allow it to partner directly with reinsurers as well as insurers, including those within their existing global ... Read the full article
HCI expands reinsurance coverage across subsidiaries at June renewal
31st May 2024
Florida-based insurtech HCI Group has increased its reinsurance coverage across both its reinsurance towers, securing over $2.7 billion in aggregate limit at the June 1 renewal. Similar to the previous year, HCI established two reinsurance towers for its insurance subsidiaries, Homeowners Choice and TypTap. Reinsurance Tower 1 covers all Homeowners Choice ... Read the full article
Howden Re names David Hearn as Chairman, Global Clients Strategy
31st May 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has appointed reinsurance industry veteran, David Hearn, as Chairman of Global Clients Strategy. In his new role, Hearn’s remit will include supporting the leadership and client service teams across the spectrum of risk and strategic advisory. This will ... 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.
