Reinsurance News
ARA gets approval of hurricane model by Florida Commission
13th July 2023
Applied Research Associate, Inc.’s latest version of HurLoss has once again been accepted by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for insurance rate making in Florida. According to the ARA, this latest version is also the first time the firm has submitted a model with a current, or ... Read the full article
US investors show growing interest in reinsurers and UK Market amid stabilising macro risks: Berenberg
13th July 2023
In a series of meetings held during a recent marketing trip, Berenberg found that US investors, predominantly from New York and Chicago, are increasingly drawn to reinsurers, with a growing interest in the UK market as macro risks stabilise. The discussions shed light on investor preferences, highlighting companies such as Zurich, ... Read the full article
WTW names Punil Chaubal as Insurance Investment Advisory Proposition Leader
13th July 2023
WTW has announced the appointment of Punil Chaubal as the Insurance Investment Advisory Proposition Leader in the UK. As part of WTW's Insurance Consulting and Technology (ICT) business, Chaubal will be based in London and report to Marcus Bowser, the Managing Director for UK and Ireland Life. “Over the past three years ... Read the full article
Fortegra & Rockwood Programs partner to provide tailored solutions for financial institutions
13th July 2023
Fortegra Specialty Insurance Company (FSIC), a subsidiary of The Fortegra Group, Inc. (Fortegra), and Rockwood Programs, Inc. have partnered to develop specialised insurance products tailored to the unique liability exposures faced by financial institutions. Under the brand name Bankers Defender, the comprehensive solution is designed to address the needs of mortgage ... Read the full article
Sompo Intl. names Barcellos Head of Risk Control Services, Global Markets Insurance
13th July 2023
Sompo International has announced the appointment of Renata Barcellos as Head of Risk Control Services, Global Markets Insurance business. Barcellos holds almost two and a half decades of risk control insurance experience spanning various products and geographies. Before accepting this position, she served as Sompo International’s Head of Risk Control Services, Latin ... Read the full article
Risk Strategies unveils new cyber risk management service offering
13th July 2023
Insurance brokerage and risk management firm, Risk Strategies, has unveiled its Cyber Risk Management Platform (RMP), a new cyber risk management service offering that "goes beyond" providing clients with external vulnerability scans to recommend practical ways to shore up cyber defences. According to the announcement, the new solution is powered in ... Read the full article
SiriusPoint names Thomas Leonardo as Global Head of Accident & Health
13th July 2023
Specialty insurer and reinsurer SiriusPoint has appointed Thomas Leonardo as Global Head of Accident & Health (A&H), effective immediately. According to SiriusPoint, Leonardo has worked in the group life and health industry since 1994, specialising in underwriting, pricing, and management of all aspects of accident and health insurance and reinsurance. He began ... Read the full article
AXA acquires Groupe Assurances du Crédit Mutuel España
13th July 2023
Global insurer AXA has announced the completion of the acquisition of Groupe Assurances du Crédit Mutuel España (GACM España). GACM España is a predominantly P&C and health insurance subsidiary in Spain. Under the terms of the transaction, AXA has acquired GACM España for a total cash consideration of €310 million, in line ... Read the full article
Beckmann joins Munich Re as CUO Casualty for Lloyd’s & Bermuda Markets and Global Clients
13th July 2023
Lucas Beckmann has joined global reinsurance giant Munich Re in a new position as Chief Underwriting Officer (CUO) Casualty for Lloyd's & Bermuda Markets and Global Clients. Beckmann has over fifteen years of experience working with Munich Re in various roles. He most recently served as the CUO for Munich Re Facultative ... Read the full article
CFC launches new innovation facility
13th July 2023
Specialist insurance provider CFC has launched an innovation facility to develop and underwrite products under the Lloyd’s “ICX” innovation risk code. Led by the CFC 1988 syndicate, CFC suggests that the new innovation facility will pursue opportunities using its "unique innovation approach", which is built to deliver decisive exploratory underwriting while ... Read the full article
Allianz names Christian Sandric Commercial leader for Asia
13th July 2023
Christian Sandric will join Allianz Commercial as Commercial Managing Director Asia in Singapore with effect from 1 September, subject to regulatory approval. Sandric will join the company from AIG Singapore where he currently serves as President & CEO. He is also Regional Manager for Indonesia, the Philippines and Vietnam with overall ... Read the full article
Canopius names Isabel Finn as Senior Cyber Threat Intelligence Analyst
13th July 2023
Canopius, a leading global specialty (re)insurer, has announced the appointment of Isabel Finn as a Senior Cyber Threat Intelligence Analyst, effective immediately. Finn, who joins from FTI Consulting, brings a wealth of experience in the field of cybersecurity and will play a pivotal role in launching Canopius' in-house cyber threat consultancy ... Read the full article
Slide secures additional $100m named storm reinsurance protection with second cat bond
13th July 2023
Slide Insurance, a full-stack insurtech focused on providing affordable, effective homeowners coverage, has announced it has finalized pricing for its latest catastrophe bond, closing the $100 million Purple Re Ltd. (Series 2023-2) transaction. This is the second cat bond sponsored by Slide this year, following the initial $100 million ... Read the full article
Facultative reinsurance demand is growing, says Aon
12th July 2023
Demand for facultative reinsurance is growing, however, supply remains static, and market dynamics differ greatly between accounts, lines of business and markets, according to Aon’s mid-year Reinsurance Market Dynamics report. With the resetting of the property catastrophe market at January 1, insurers are turning to facultative reinsurance to build additional catastrophe ... Read the full article
Claims inflation to remain noticeable for the rest of 2023: Bloomberg Intelligence
12th July 2023
Claims inflation is expected to remain a highly noticeable feature for the rest of 2023, according to Bloomberg Intelligence’s new Europe P&C Insurance 2023 Outlook, with analysts believing that insurers will not be able to increase rates enough to fully offset rising expenses. According to analysts this situation has been building ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
