Reinsurance News
DUAL strengthens European marine capability with acquisition of Swiss Re team
16th April 2024
DUAL, the specialist underwriting arm of Howden Group Holdings, has significantly strengthened its European marine capability by acquiring Swiss Re's Genoa-based Marine team, and has authority to write marine business for the global reinsurer going forward. The transaction is in line with DUAL’s ambitions of becoming a leading player in the ... Read the full article
Coalition reveals new integrations with Microsoft 365, Google Workspace, & Amazon Web Services
16th April 2024
Coalition, an active cyber insurance provider, has revealed new integrations between Coalition Control, its cyber risk management platform, and cloud services providers, which includes Microsoft 365, Google Workspace, and Amazon Web Services. It has been confirmed that Coalition policyholders and Control customers can now connect Coalition Control with cloud services, in ... Read the full article
CRC Group and INSUREtrust form new Cyber Practice Group
16th April 2024
INSUREtrust, formerly housed in Starwind, has integrated into the Wholesale Brokerage Division of CRC Group, a wholesale specialty insurance distributor in North America, to form a cyber practice group. This strategic combination broadens INSUREtrust’s network and enhances CRC Group's cyber capabilities and expertise reinforcing its commitment to providing innovative solutions in ... Read the full article
SageSure and SURE close $130m second and subsequent event cat bond
16th April 2024
SageSure, an MGU focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (SURE) have closed the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million. The issuance marks SURE’s second successful visit to the global insurance-linked securities (ILS) market this year, following the recently closed $250 million ... Read the full article
Raphael Borrel named Chief Risk Officer of PoloWorks
16th April 2024
PoloWorks, a Lloyd’s and London Market insurance services business, has announced the appointment of Raphael Borrel to the role of Chief Risk Officer (CRO). In his new position, Borrel will be responsible for leading the risk and compliance functions, providing oversight across Polo Management Agency and PoloWorks’ business advisory and outsourced ... Read the full article
Brokerslink adds McAfee to global network for cybersecurity expertise
16th April 2024
Brokerslink has announced that cyber security business McAfee has joined its broking network as a ‘B.Tech affiliate’. By integrating McAfee's industry-leading consumer cybersecurity expertise into its network, Brokerslink aims to support the way businesses approach cyber risk mitigation. McAfee offers a range of consumer cyber security services that include antivirus, mobile security, ... Read the full article
BHSI expands US marine business, hires new Head of Marine & Head of Marine Claims
16th April 2024
Berkshire Hathaway Specialty Insurance (BHSI), the property & casualty insurer, is expanding its global marine capabilities in the US by launching Ocean Marine Insurance. The firm has also appointed Ben Wyatt as Head of Marine, and Chris Frick as Head of Marine Claims, in the US. As well as this, BHSI has ... Read the full article
Strong returns to persist for reinsurers amid T&C changes: JMP
16th April 2024
Analysts at JMP Securities report that while the property catastrophe reinsurance market is attracting more capital, recent significant changes in terms and conditions are expected to sustain strong returns despite anticipated minor price reductions. The firm highlights that the 2023 property reinsurance renewal experienced the most substantial shifts in pricing and ... Read the full article
Adrian Saunders joins iprism board as Non-Exec Director
16th April 2024
MGA iprism, a specialist in Construction, Property, Commercial and High Net Worth, has announced the appointment of Adrian Saunders to its board as Non-Executive Director. Saunders brings a wealth of experience to iprism, boasting over 24 years of expertise across various roles. He was most recently Commercial Director at Ecclesiastical Insurance ... Read the full article
Italian life insurance sector sees negative inflows in 2023: Fitch
16th April 2024
Fitch Ratings' analysis of the 2023 Italian Insurance Dashboard reveals a significant downturn in net inflows for the Italian life insurance sector for both traditional savings and unit-linked products. According to analysts at Fitch, this decline occurred due to “the rise in interest rates, making alternative investments, such as Italian government ... Read the full article
Patricia Puerta appointed Head of GC&C Mediterranean & Latin America
16th April 2024
Generali Global Corporate & Commercial (GC&C), subsidiary of the Italian insurance giant, has hired Patricia Puerta as the firm's new GC&C Head of Mediterranean & Latin America, effective May 2, 2024. She joins the company with over 20 years of experience from working across the insurance sector. Puerta began her career by ... Read the full article
Beat to launch new credit insurance business with Stephen Pike as CEO
16th April 2024
Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced its plans to launch a specialty and tech enabled credit non-payment insurance underwriter, Convergence. With an initial focus on Europe and North America, the business is expected to underwrite through a Lloyd’s consortium, led by Beat Syndicate ... Read the full article
Chaucer names Wright CFO, Joubert becomes CRO
16th April 2024
Chaucer, the global specialty re/insurance firm has bolstered it's leadership team, with the appointments of James Wright, the company's current Chief Risk Officer (CRO), who has been named the firm's new Chief Financial Officer (CFO), and Werner Joubert, who has been promoted to the role of CRO. Both these appointments follow ... Read the full article
Howden acquires Irish broker Curran Connolly & Company
16th April 2024
Howden, the global insurance intermediary group, has announced the acquisition of Curran Connolly & Company (Drogheda) Ltd, a commercial and personal lines insurance broker based in County Louth, Ireland. With this acquisition, Howden builds its position in the North-East and the wider Irish insurance market. It follows the broker’s recent ... Read the full article
Andy Hottinger joins MS Reinsurance as Head of EMEA P&C
16th April 2024
MS Reinsurance has named Andy Hottinger to lead the growth of its European, Middle East and Africa (EMEA) property and casualty (P&C) business. Hottinger holds 20 years of experience in reinsurance underwriting, having previously held leadership positions responsible for both EMEA and Latin American business, as well as senior underwriting roles ... Read the full article
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