Reinsurance News
Aegon reports net loss for FY23, CEO up for re-election
5th March 2024
Life insurer and asset manager Aegon has announced its second half 2023 financial results, reporting a net result of €0 million, and a net loss of €199 million for the full-year. At the same time, the Netherlands-headquartered insurer revealed it is planning to re-elect CEO Lard Friese for a further four ... Read the full article
Aon hires Suzanne Hughes as Head of Credit Solutions, Ireland
5th March 2024
Re/insurance broker Aon has announced that Suzanne Hughes has joined the company as Head of Credit Solutions, Ireland. In the role, she will hold responsibility for leading Aon's Credit Solutions business and client strategy in Ireland, in close cooperation with the firm's central and international teams. She joins the broker with over ... Read the full article
Helios appoints Adhiraj Maitra as COO
5th March 2024
Helios, the investment vehicle which provides shareholders with a spread participation at Lloyd’s, has appointed Adhiraj Maitra to the newly created role of Chief Operating Officer (COO). Maitra joins Helios from Canopius where he served as Group Head of Sustainability. He reportedly holds 17 years of experience across a breadth of technical ... Read the full article
Allianz completes acquisition of Tua Assicurazioni from Generali
5th March 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, and the transaction was completed at a consideration of €280 million. The transaction is in alignement with ... Read the full article
ARC payouts exceed $170m as parametric insurer celebrates 10th anniversary
4th March 2024
African Risk Capacity Limited (ARC Ltd.), the parametric insurer and financial affiliate of the ARC Group, has paid out over $170 million in claims to support vulnerable communities since its inception. Founded in 2014, ARC Ltd. celebrates its 10th year of establishment with the intent to help governments better respond to ... Read the full article
Aon names Roman Romeo as CEO of Bermuda Reinsurance
4th March 2024
Aon, a global professional services firm, has named Roman Romeo as Chief Executive Officer (CEO) of its Reinsurance Solutions Bermuda unit, effective April 1, 2024. The company has also confirmed that Tony Fox, CEO and Chairman of Reinsurance Solutions Bermuda, will remain serving as Chairman. In his new role, Romeo will be ... Read the full article
500+ structures destroyed by Smokehouse Creek fire
4th March 2024
Having already burned more than a million acres, the record-breaking Texas Smokehouse Creek fire is set for further expansion, with officials noting more than 500 structures have been destroyed. Hot and windy conditions have facilitated and accelerated wildfire growth in the southern United States since February 26, leading to several destructive ... Read the full article
AXIS’ Energy Transition Syndicate 2050 to start underwriting in April
4th March 2024
Provider of re/insurance solutions, AXIS Capital Holdings Limited, has announced the Energy Resilience Syndicate 2050 has now received full approval from Lloyd’s and will begin underwriting from April 1, 2024. Created to provide capacity for new energy projects, Syndicate 2050 was launched last December and had received in-principle approval from ... Read the full article
SiriusPoint hires Christopher Larson as Global Head of Casualty
4th March 2024
SiriusPoint Ltd., the global specialty re/insurer, has announced a series of key leadership appointments within global underwriting, including Christopher Larson joining the firm as Global Head of Casualty, based in New York, At the same time, the company has also hired David Godlis as Underwriting Strategy and Analytics Lead, based in ... Read the full article
ABI launches guide to help firms in the insurance industry use AI responsibly
4th March 2024
The Association of British Insurers (ABI) has launched a new guide to help insurance firms use artificial intelligence (AI) responsibly. The guide, which focuses on the best interests of consumers, sets out how those working in the insurance and long-term savings industry can put into practice the UK government’s five principles ... Read the full article
SCOR confirms departure of reinsurance CEO Stuart McMurdo
4th March 2024
SCOR, one of Europe's big four reinsurers, has confirmed that Stuart McMurdo, Chief Executive Officer (CEO) of its reinsurance segment, is to leave the company. McMurdo joined SCOR in 2018 as CEO of SCOR UK and the SCOR Syndicate, later becoming Regional CEO for EMEA. In 2022, it was announced that ... Read the full article
WTW expands Global Specialty team with addition of Julien Bosc as Director
4th March 2024
WTW, a global advisory, broking and solutions company has appointed Julien Bosc to a newly created role as the Global Specialty Director within the company’s Insurance Consulting and Technology (ICT) business. Bosc will be based in London and report to Richard Clarkson, Global Market Leader of WTW Global Speciality. He will be ... Read the full article
Julien Horn joins McGill and Partners’ ports and terminals team
4th March 2024
Specialist re/insurance broker McGill and Partners has appointed Julien Horn as Partner within its ports and terminals team, headed up by Julien Hubbard, adding expertise in logistics and transportation. Horn joins McGill and Partners from TT Club, an independent provider of mutual insurance to the international transport and logistics industry. He worked ... Read the full article
Aviva & Howden team up to insure solar subscription service start-up
4th March 2024
Aviva, an insurance and financial services company, has partnered up with Howden to provide bespoke insurance to Sunsave, a start-up which offers homeowners solar panels on a subscription service. From what we understand, the insurer and broker worked together with Sunsave to create a bespoke construction and operation cover policy for ... Read the full article
Inigo, Samsara launch data-driven product to revolutionise fleet insurance
4th March 2024
Inigo Limited (Inigo), a specialist insurance company, has recently announced its partnership with Samsara, an Industrial Internet of Things (IoT) firm. Together, they aim to revolutionise insurance solutions for US companies with large automotive fleets. Inigo plans to utilise Samsara's telematics data to develop a new type of insurance product tailored ... Read the full article
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