Reinsurance News
Aon names Uri Dallal as New York City market leader
5th April 2024
Aon, the global insurance and reinsurance broker, has appointed Uri Dallal as the firm’s New York City market leader, effective immediately. He will report to Christine Williams, Northeast region leader at Aon. In the new role, Dallal will oversee all strategic and tactical operations of the firm’s New York office. Additionally, ... Read the full article
Japan property cat demand marginally down at April 1 reinsurance renewals: Gallagher Re
5th April 2024
Japan property catastrophe demand was marginally down year-on-year at the April 1st, 2024, reinsurance renewals, while some increases in retentions were offset by a small amount of additional capacity purchased, reports Gallagher Re. In the reinsurance broker's 1st View Report, the firm highlights how there was a "significant uptick in ... Read the full article
Berkshire (BHSI) promotes Ingo Lorber to Head of Claims, DACH
5th April 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Ingo Lorber to Head of Claims for Germany, Austria, and Switzerland (DACH). Andreas Krause, Head of DACH at BHSI, emphasises the company's dedication to providing outstanding service, stating, “BHSI’s commitment to consistently excellent service and doing the right thing for our ... Read the full article
Acrisure creates L&H segment within Wholesure unit
5th April 2024
Acrisure, a global fintech, has created a newly dedicated Life and Health (L&H) business segment falling under the company’s previously announced Wholesure division. Wholesure comprises Acrisure’s Property & Casualty wholesale lines of business and now expands to include L&H. Establishing the L&H segment will bring together numerous Acrisure Partners specializing in ... Read the full article
American Integrity offers affordable property insurance for Florida residents
5th April 2024
American Integrity, a Florida-based property insurer, has launched a new product called ValueGuard Property Insurance, aiming to provide essential home protection for Florida residents at a more affordable price. Tailored specifically for the needs of Florida homeowners, ValueGuard offers affordable coverage against core perils such as fire and windstorm, ensuring that ... Read the full article
Farmers Insurance appoints John Griek as new CFO
5th April 2024
Farmers Insurance has recently announced the appointment of John Griek to the position of Chief Financial Officer (CFO). In his new role, Griek will directly report to Raul Vargas, President of Distribution, Life, and Financial Services, and will oversee all financial matters for the organisation. Vargas underscores Griek's extensive experience, stating, "John ... Read the full article
Brera Partners acquires 70% of GBSAPRI Group shares
5th April 2024
In an undisclosed transaction, private equity firm Brera Partners has acquired 70% of the shares in Italian insurance broker GBSAPRI Group. According to the announcement, the firm has made this acquisition with the strategy to drive consolidation in Italy’s fragmented insurance broking sector. Established in 1951 with headquarters in Rome and nine ... Read the full article
RGA appoints Alison Rand to its Board
5th April 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, recently announced the appointment of Alison Rand to its Board of Directors. Tony Cheng, President and CEO of RGA, praises Rand's leadership, stating, “Throughout Alison’s tenure as an executive leader, she has been a driving force behind achieving financial excellence ... Read the full article
Hadron names Sam Reeder as CEO
4th April 2024
Hadron, a specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, has appointed Sam Reeder as Chief Executive Officer (CEO). AS CEO Reeder is to build on Hadron’s momentum, having launched in November 2023 with over $250M in capital support ... Read the full article
Farmers Mutual Hail to acquire Global Ag from AXA XL
4th April 2024
Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL. Western U.S.-headquartered Global Ag is a crop insurance provider offering solutions through the USDA multi-peril crop insurance program as well as specialty private and named peril ... Read the full article
Cowbell promotes Sabouni to Chief People Officer, & Palardy to Chief Actuary
4th April 2024
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has made two executive promotions, as Sahar Sabouni, Head of Employee Success becomes Chief People Officer, and Dan Palardy, Lead Actuary, becomes Chief Actuary. Sabouni joined the organisation in May 2021 and played a key role in building out ... Read the full article
Guidewire’s Jasper will enhance P&C commercial lines agility
4th April 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-based platform tailored specifically to the needs of commercial lines, facilitating quicker policy issuance and processing. Moreover, Jasper enhances risk ... Read the full article
BI coverage could drive a significant amount of Taiwan quake losses: AM Best
4th April 2024
As per Christie Lee, senior director – head of analytics, AM Best, a significant amount of losses from the 7.2 magnitude earthquake that recently struck Taiwan could come from business interruption (BI) coverage. The earthquake, which hit near the eastern county of Hualien on the 3rd of April, was the ... Read the full article
MGA Striior partners with Green Shield to improve underwriting risk selection
4th April 2024
Striior Insurance Solutions, a managing general agent (MGA) specialising in builder’s risk, has partnered with Green Shield, a US-based catastrophe risk mitigation specialist, to improve performance and support strategic growth through “unmatched wildfire analytics”. This collaboration will focus on Striior's builders' risk program and deliver critical, property level insights to improve ... Read the full article
Global M&A performance rises modestly in Q124, large transactions begin to stabilise: WTW
4th April 2024
Global mergers and acquisitions (M&A) activity saw a modest rise in completed deals during the first quarter of 2024 compared to the same period last year, according to research from WTW’s Quarterly Deal Performance Monitor (QDPM). Data has revealed that 166 deals valued over $100 million were completed globally during Q124, ... Read the full article
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