Reinsurance News
Toa Re Europe licenses CyberCube’s Portfolio Manager platform
1st November 2023
Toa Re Europe has licensed CyberCube's Portfolio Manager platform, in a move that is set to support its cyber book, and play a pivotal role towards achieving best practice risk management solutions. According to the announcement, Toa Re Europe will utilize CyberCube’s Portfolio Manager to enable data-driven risk transfer solutions. The software from ... Read the full article
Trust in insurers is growing in a world in polycrisis: AXA
1st November 2023
Risks associated with artificial intelligence (AI), cybersecurity and global warming are among the main concerns for the general population; however, trust in various players, like insurers and scientists, to limit the consequences of new global crises is growing, according to a recent AXA report. The tenth edition of its Future Risks ... Read the full article
Ryan Specialty to acquire MGU AccuRisk Holdings
1st November 2023
Chicago-domiciled medical stop loss managing general underwriter (MGU), AccuRisk Holdings LLC, has signed a definitive agreement to be acquired by Ryan Specialty, an international specialty insurance firm. AccuRisk, founded in 2017, generated approximately $25 million of revenue for the 12 months ended July 31st, 2023. Terms of the transaction, which is expected ... Read the full article
AXA XL launches WISE tool to evaluate and manage water risks
1st November 2023
AXA XL Risk Consulting, part of insurer AXA's property & casualty and specialty risk division, has launched its Water Impact and Sustainability Evaluation (WISE) tool to help risk managers understand, evaluate, and act on water risks. WISE, a remote, customisable solution, considers process efficiency and business continuity to provide ... Read the full article
Trium Cyber appoints John Jankowski as CIO
1st November 2023
Lloyd's cyber insurance specialist, Trium Cyber, has appointed Aspen Insurance's John Jankowski as its Chief Information Officer (CIO). Jankowski has spent much of his career with Aspen, most recently as Head of IT Strategy and IT Change. During his time with the firm, Jankowski has held multiple roles in IT, Program Operations, ... Read the full article
Tricia Koh appointed Commercial Director for Allianz Trade Hong Kong Hub
31st October 2023
Allianz Trade in Asia Pacific has appointed Tricia Koh as Commercial Director for Hong Kong, Taiwan and South Korea (collectively Hong Kong Hub), effective November 1, 2023. Based in Hong Kong, she is replacing Hassan Omaish who has taken up the role of Global Head of Brokers and Partnerships stationed in ... Read the full article
NFP names Meg McSherry to lead P&C business in Atlantic region
31st October 2023
NFP, a property and casualty (P&C) broker, has announced the appointment of Meg McSherry to head the P&C business in its Atlantic region. In her new role, McSherry will collaborate with Atlantic region leaders, industry groups, and risk practices to expand the commercial P&C business, the broker noted. She will report directly ... Read the full article
Kemper reports net loss of $146.3m in Q3’23
31st October 2023
Kemper Corporation has reported a net loss of $146.3 million for the third quarter of 2023, compared to a net loss of $74.8 million for the third quarter of 2022. Net loss for Q3'23 included a $55.5 million after-tax non-cash charge related to the termination of Kemper’s remaining pension plan obligations, ... Read the full article
Alliant announces trio of acquisitions in Oklahoma
31st October 2023
Alliant Insurance Services has announced three new acquisitions in Oklahoma, further expanding its presence in the state and the surrounding areas. First among these, though in no particular order, is Commercial Risk Group (CRG), a retail P&C insurance agency based in Broken Arrow, OK. Tom Corbett, Chairman and CEO of Alliant, commented, ... Read the full article
Steve Postlewhite joins McGill and Partners’ Reinsurance team
31st October 2023
Specialist re/insurance broker, McGill and Partners has announced the appointment of Steve Postlewhite as a Partner in its Reinsurance team. In his new London-based role, he will be responsible for developing the portfolio solutions specialty, whilst also leveraging his extensive knowledge and network to help grow the broker’s Reinsurance business on ... Read the full article
Hemphill to replace von Bomhard as Chair of Athora
31st October 2023
Athora Holding Ltd., an European savings and retirement services group, has appointed financial services veteran Bruce Hemphill as Chair. Effective January 1, 2024. Hemphill will replace Dr. Nikolaus von Bomhard, who will retire after serving six years as Chair since Athora’s inception. “It is an honour to take on the role of ... Read the full article
AI presents opportunities and challenges to the cyber insurance space: Cowbell’s Cooksley
31st October 2023
As AI technology continues to make headwinds across the re/insurance sector, Trent Cooksley, co-founder and Chief Operating Officer of Cowbell Cyber, explains that the technology brings both opportunities and challenges to the cyber insurance space. During a recent interview with Reinsurance News, Cooksley stated that challenge-wise, threat actors are increasingly using ... Read the full article
Ardonagh to expand European presence through acquisition of broker, ASSEPRO
31st October 2023
The Ardonagh Group has agreed to acquire ASSEPRO, a large independent commercial broker for small and medium-sized enterprises (SMEs) based in Switzerland, with further operations in both Austria and Liechtenstein. The company offers a wide range of general insurance, accidental & health, and life and pensions products, and is the largest ... Read the full article
Floodbase partners with Ag Guard to develop parametric flood insurance programs for ANZ
31st October 2023
Insurtech Floodbase has entered into a partnership with Ag Guard to develop and distribute parametric flood insurance programs across both Australia and New Zealand. Both companies are teaming up together to help close the ANZ flood insurance gap through jointly-developed parametric flood insurance programs that are designed to cover ag risk. The ... Read the full article
Donagh Regan promoted to Head of Casualty, Ireland, BHSI
31st October 2023
Specialty insurer Berkshire Hathaway Specialty Insurance (BHSI) has promoted Donagh Regan to the role of Head of Casualty in Ireland. In his new role, Regan will continue to be based in Dublin. He joined BHSI in 2021, and previously served as a senior casualty underwriter. Overall, Regan brings more than two decades of ... Read the full article
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