Reinsurance News
Atain Insurance appoints Cara Delestienne as VP & Head of Binding Authority
13th December 2023
Atain Insurance Companies, an insurer and member of H.W. Kaufman Group, has appointed Cara Delestienne as Vice President (VP) and Head of Binding Authority, based in Pittsburgh and reporting to Linc Trimble, Chief Underwriting Officer. In this new role, Delestienne’s remit will include leading the company’s binding authority business and be ... Read the full article
WTW launches CyProtect Bermuda to fortify enterprises against evolving cyber threats
13th December 2023
Global advisory, broking, and solutions company, WTW has announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks. WTW’s new tool is targeted towards large enterprises operating in the Bermuda market, and it aims to set ... Read the full article
The Standard announces two key leadership promotions
12th December 2023
The Standard Insurance Company has promoted Tony Fung to second vice president of IDI Underwriting and GSI. In his new role, Fung is expected to lead the fully underwritten and Guaranteed Standard Issue Individual Disability Insurance underwriting teams in addition to also leading GSI operations. Fung joined the company in 2016, taking ... Read the full article
Hannover Re targets “industry-leading performance” in new strategy cycle 2026
12th December 2023
In its new strategy cycle through to 2026, reinsurance giant Hannover Re has asserted it aims to showcase "industry-leading performance" in terms of profitability and earnings growth, alongside maintaining its "lasting stability and resilience." As per Hannover Re, this new strategy is guided by three main beacons; Focus, Grow and Accelerate. The ... Read the full article
SiriusPoint and Nirvana Insurance announce new partnership
12th December 2023
Nirvana Insurance, an AI and Technology-powered insurance provider specialising in US commercial auto insurance, has entered into a new strategic partnership with specialty re/insurer SiriusPoint to expand its offering with a new non-fleet program. Patrick Charles, Head of North America Insurance at SiriusPoint, commented: “We have been providing capacity to Nirvana ... Read the full article
Howden Tiger names Wolfram Schultz as Head of Casualty Reinsurance, Continental Europe
12th December 2023
Howden Tiger has appointed Wolfram Schultz as the new Head of Casualty Reinsurance, Continental Europe. Schultz is scheduled to commence his role on February 1st, with his base of operations situated in Cologne, Germany. Reporting directly to Massimo Reina, CEO of Howden Tiger International, Schultz is poised to contribute his extensive industry ... Read the full article
Spagnoli to lead Consumer Lines for Chubb’s International General Insurance Operations
12th December 2023
Property and casualty insurer Chubb has announced the appointment of Federico Spagnoli as Division President, Consumer Lines for Overseas General Insurance, the company's international general insurance operations. In this newly created role, which is effective January 15, 2024, Spagnoli will have responsibility for Chubb's consumer lines in 51 countries and territories. Chubb's ... Read the full article
Insurance industry set to undergo digital transformation in 2024: Fadata
12th December 2023
Fadata, a provider of software solutions for the insurance industry, highlighted the pivotal role of digitalisation in shaping the future of insurance in 2024. The company identifies three major trends, predicting that the adoption of Cloud services, the integration of AI and analytics applications, and the rise of digital ecosystems will ... Read the full article
Mulberri announces $6.75m Series A led by Eos Venture Partners
12th December 2023
Mulberri, the AI-driven embedded business insurance platform, has announced its $6.75 million Series A funding round led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio). Zach Powell, the General Partner of Eos Venture Partners, will ... Read the full article
W. R. Berkley names Khan president of Preferred Employers Insurance
12th December 2023
W. R. Berkley Corporation has appointed S. Akbar Khan as president of Preferred Employers Insurance, a specialty provider of workers’ compensation insurance exclusively for California employers. Berkley describes Khan as an accomplished property and casualty insurance executive with more than two decades of industry experience. His extensive leadership knowledge reportedly spans ... Read the full article
Seismic events in Grindavík, Iceland may cause damages of $71.4m
12th December 2023
Following seismic activity and a magma dike opening crevasses in Grindavík, Iceland, Hulda Ragnheiður Árnadóttir, director of the Natural Catastrophe Insurance of Iceland, has said the damage to homes and infrastructure could amount to ISK 10 billion ($71.4 million). As per the Iceland Review (IR), the seismic events in Grindavík began ... Read the full article
Florida insurers navigate 2023 successes amidst 2024 uncertainty: KBRA
12th December 2023
Florida's homeowner insurers have experienced a positive turn of events in 2023, benefiting from a milder hurricane season and groundbreaking legislative reforms, according to KBRA. The state's insurance landscape, marred by years of significant catastrophe losses and a litigious environment, saw a welcome respite. The 2023 hurricane season, despite above-average storm activity, ... Read the full article
Hiscox & Google Cloud create first AI-enhanced lead underwriting model for the London Market
12th December 2023
Specialist global insurer Hiscox has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London Market insurance industry. According to the announcement, the collaboration combines Hiscox London Market’s recently built technology platform - Hiscox AI Laboratories (Hailo), with Google Cloud’s generative AI technology to ... Read the full article
Ryan Transactional Risk appoints new Co-Heads of Continental Europe
12th December 2023
Ryan Specialty's transactional risk managing general underwriter, Ryan Transactional Risk (RTR), has appointed Marta Batalla and Luc Joordens as Co-Heads of Continental Europe. Batalla and Joordens first joined Ryan Transactional Risk in 2019, helping to set up and establish its Continental European underwriting platform. RTR noted that in their new formalised roles, ... Read the full article
McKenzie Intelligence Services secures strategic investment from Maven
12th December 2023
McKenzie Intelligence Services (MIS), a provider of geospatial data and analysis to the insurance industry, has secured a strategic investment from Maven Capital Partners (Maven), a private equity firm focused on investing in fast growth businesses in the UK. MIS) provides immediate post event, multi-sourced data to help accelerate industry response ... 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.
