Reinsurance News
Conifer reveals commercial lines capacity partnership with Accelerant
5th April 2024
Conifer Holdings, Inc. has announced the commencement of a capacity relationship with data-driven risk exchange Accelerant. Conifer explained that by leveraging Accelerant's Risk Exchange, it aims to improve risk assessment and thus enhance its underwriting process to deliver tailored specialty insurance products to its niche commercial clients. Nick Petcoff, CEO of Conifer, ... Read the full article
Applied Surety acquires majority of Argo’s oil, gas, mining, & coal surety businesses
5th April 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters' United Risk division, is set to acquire the majority of Argo Surety group's in-force coal, oil, gas, and mining business. According to ASU, it will immediately assume the management and administration of the exposures acquired, while Argo Surety continues some processing, renewing, ... Read the full article
Fortitude Re appoints Jamie Schmerer as SVP, Enterprise Risk
5th April 2024
Fortitude Re has appointed Jamie Schmerer as SVP, Enterprise Risk, where he will lead the firm's regulatory relations efforts in Bermuda and oversee its enterprise risk management framework, including risk governance, risk appetite, and risk reporting. Schmerer is additionally tasked with running Fortitude Re's Operational Risk function to "ensure seamless integration ... Read the full article
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
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