Reinsurance News
Aspen and PIMCO launch casualty-focused reinsurer Pando Re
16th April 2024
Aspen Insurance Holdings and PIMCO Investment Management Company have formed Pando Re, a Bermuda-domiciled collateralized (re)insurer focused on casualty business. Aspen will reportedly be the sole cedant to Pando Re and PIMCO will be its exclusive investment manager. The new reinsurer will participate in Aspen’s Casualty Insurance, Global Professional Lines Insurance, ... Read the full article
Craig Buck appointed CEO of Converge US
16th April 2024
Lightstone and Converge RE II have announced the appointment of Craig Buck as Chief Executive Officer (CEO) of Converge US, effective May 1, 2024. A renowned figure across the industry, Buck has held a number of different roles throughout his career. He previously served as the Managing Principal of the ... Read the full article
Alliant acquires Property Owners Protection Insurance
16th April 2024
U.S. insurance brokerage Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager serving owners and managers of multifamily and single-family residential portfolios. This acquisition aims to provide additional products and underwriting capabilities within the real estate sector to the broker's Alliant Underwriting Solutions ... Read the full article
Latin Re becomes first Brazilian reinsurance broker to license RiskExplorer Software from URS
16th April 2024
Latin Re has become the first Brazilian reinsurance broker to license RiskExplorer™, the advanced risk management software developed by Ultimate Risk Solutions (URS). RiskExplorer is well known for its sophisticated modeling capabilities. It offers users an unparalleled tool for analysing and managing risk. Its adoption by Latin Re clearly demonstrates the businesses ... Read the full article
Integra licenses CyberCube software to bolster cyber growth in Turkey
16th April 2024
Integra Insurance and Reinsurance Broking Services is the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. It will license Broking Manager to bolster its growth plans for cyber and look to gain a competitive edge in this market. Integra holds a prominent ... Read the full article
Exceptional Lloyd’s 2023 results demonstrate resilience of the market: ICMR, LMA
15th April 2024
Lloyd's exceptional 2023 results demonstrate the resilience of the market as we heads into uncertain times, according to a joint report from the Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR). If you recall, in late March, the global insurance and reinsurance marketplace posted a solid set of ... Read the full article
HDI Global aims for mid-market segment with dedicated services and strategy
15th April 2024
HDI Global, an industrial insurance provider known for its focus on large industrial clients, is now expanding its services to offer tailored solutions to mid-market clients. Through a focused strategy in underwriting, claims management, and product refinement, HDI Global now provides both domestic and international solutions to mid-market clients. It emphasises ... Read the full article
CG Re (Africa) to manage new Reinsurance Facility in the Democratic Republic of Congo
15th April 2024
CG Re (Africa) has obtained a mandate by the Minister of Finance of the Democratic Republic of Congo (DRC) to assist with the setup and management of a new specialty lines Reinsurance Facility. Administered by the Autorité de Régulation et de Contrôle des Assurances (ARCA), this new Facility for the Oil, ... Read the full article
WTW appoints Neil Harrison as new Global Head of Claims
15th April 2024
WTW, a global insurance and reinsurance broker, has announced the appointment of Neil Harrison as the new Global Head of Claims. In his new role, Harrison will report directly to Adam Garrard, WTW's Global Head of Risk & Broking. He will oversee all aspects of WTW’s claims operations, including aligning claims ... Read the full article
Miller strengthens APAC Cargo offering with Alberto Ferriolo appointment
15th April 2024
Independent specialist re/insurance broker Miller has announced the appointment of Alberto Ferriolo to its Asia Pacific Cargo team, based in Singapore. Ferriolo will be supporting Miller’s clients and partners across the APAC region while working closely with Jamie Kearney, Miller’s Global Head of Cargo, and the team in London. Matthew Hooker, Head ... Read the full article
Canopius bolsters cyber offering through partnership with Group-IB
15th April 2024
Global specialty re/insurer, Canopius Group, has entered into a partnership with Group-IB, a creator of cybersecurity technologies, which is set to strengthen Canopius’ cyber insurance offering with further advanced threat intelligence capabilities. With this being Group-IB’s first full-service partnership with a Lloyd’s of London syndicate, this collaboration between the two firms ... Read the full article
MRSI launches FAIR Plan Commercial Wrap product in California
15th April 2024
Commercial insureds in California will now be able to benefit from Munich Re Specialty Insurance (MRSI) newly launched FAIR Plan Commercial Wrap, a new solution available to those insureds who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s new product will enable insureds to further enhance the protection ... Read the full article
Milne & Lyman join McGill and Partners’ US Property Team
15th April 2024
Global specialty re/insurance broker, McGill and Partners, has expanded its global presence by hiring Duncan Milne and Cabot Lyman as Partners to its US Property Team. Milne joins the firm as Partner, Head of US Property, bringing more than 16 years of expertise. In his most recent role, he served as Greater ... Read the full article
MGA Rokstone acquires box at Lloyd’s
15th April 2024
Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has acquired a box at Lloyd’s in a three-year deal. Rokstone has reportedly taken box 335, located on gallery 3, and will be trading live from the 15th of April 2024, operated by underwriting teams across its property, marine, aviation, ... Read the full article
FloodFlash launches advanced BI coverage pre-hurricane season
15th April 2024
FloodFlash, a parametric flood insurer, is introducing Flood BI, a new product designed to support business interruption (BI) coverage in the United States. Key features of Flood BI include unrestricted spending of claim payments, rapid payment within weeks of flooding, expert support throughout the process, limits of up to $5 million ... Read the full article
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