Reinsurance News
DUAL Europe launches new Marine Hub in Rotterdam
4th October 2023
DUAL Europe has continued its expansion in key sectors with a new Marine team in Rotterdam led by experienced underwriters Aram Stoop and Pim de Pooter. DUAL Europe’s new Marine Hub will initially offer Ocean and Inland Hull, Builders Risks, Cargo and Land Equipment cover. DUAL said it will also provide the ... Read the full article
Resilience expands cyber insurance coverage to £10 million
4th October 2023
Resilience, a leading cyber risk solution provider, has announced a significant expansion of its underwriting capacity to offer up to £10 million in cyber insurance coverage for clients across the United Kingdom and European Union. This capacity boost is the result of a strategic partnership with RSA Insurance and R&Q Accredited, ... Read the full article
Middle market companies thriving amidst economic challenges: Chubb and NCMM
4th October 2023
The 2023 Mid-Year Middle Market Indicator, conducted by Chubb and the National Center for the Middle Market (NCMM), shows middle market companies thriving, with a record-high three-quarters reporting improved performance despite economic challenges. This positive trajectory is further substantiated by top-line growth over the past 12 months, overall employment expansion, and ... Read the full article
reThought Flood promotes Catherine Myers to COO
4th October 2023
Technology-centric underwriting agency, reThought Flood, has promoted Catherine Myers, who joined the company late last year, to Chief Operating Officer (COO). In her new role, Myers’ remit will include overseeing reThought’s technology development team, while taking on additional responsibilities including high-level management of operational areas such as sales, marketing, and HR. Her ... Read the full article
Scenario planning essential for re/insurers amid economic uncertainty: Swiss Re Institute
4th October 2023
Economic uncertainty is high, with recession and inflation risks still elevated, which highlights the value of scenario planning for re/insurers, according to a recent report by the Swiss Re Institute. The world economy is expected to continue to slow gradually, growing only 2.2% in real terms next year, down from 2.5% ... Read the full article
Skyward Specialty & eMaxx expand captives partnership
4th October 2023
Skyward Specialty Insurance Group, Inc., a leader in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have announced the expansion of their captives partnership. According to the announcement, Skyward Specialty is set to provide strategic support and additional capacity for eMaxx’s ... Read the full article
Berkshire (BHSI) promotes Angela Meyer to Head of Product Liability NA
4th October 2023
Specialty insurer Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Angela Meyer to Head of Product Liability in North America (NA). Meyer previously served as the Head of Life Sciences in North America at BHSI. Meyer is a market veteran with more than two decades of insurance industry experience. She joined ... Read the full article
AdvantageGo announces partnership with Beat Capital Partners
4th October 2023
AdvantageGo, a commercial re/insurance software provider, has announced a partnership to provide its Exact exposure management platform to Beat Capital Partners, a venture capital investor focused on the insurance industry. As an incubator of insurance talent for ambitious and entrepreneurial underwriters and underwriting teams, Beat provides them with start-up funding, infrastructure, ... Read the full article
Munich Re completes final certification of photovoltaic warranty insurance with Sunova Solar
4th October 2023
Munich Re Green Tech Solutions has completed its final certification of photovoltaic warranty insurance with Sunova Solar, a Tier 1 global energy solutions business that designs and manufactures clean renewable energy components. During a recent signing ceremony at the company’s global Sunova headquarters, William Sheng, CEO of both Thornova and Sunova ... Read the full article
AssuredPartners names Joe Braunstein as Aerospace Managing Director
4th October 2023
Orlando domiciled insurance brokerage AssuredPartners has announced the appointment of Joe Braunstein as its Aerospace Managing Director effective September 18th, 2023, reporting to Eric Barfield, President of the division. Braunstein will be tasked with include leading the Aerospace client and carrier relationship strategy, helping direct and coordinate business opportunities, and assisting ... Read the full article
Verisk makes two new hires to drive growth in the UK insurance market
3rd October 2023
Global data analytics and technology provider, Verisk, has made two new hires within UK sales and business development, as part of the firm's international insurance market growth strategy. The company has appointed Robert Stewart as Director of Business Development at Verisk Underwriting Solutions, and Neil Garrett as Sales Director. In his new role ... Read the full article
Tryg to undergo a number of strategic and structural changes
3rd October 2023
Scandinavian insurance company Tryg has announced strategic and structural changes - including the merging of two lines and the redundancy of hundreds of employees - aimed to enhance the company’s competitiveness and resilience both short and long-term. This move follows the recent growth Tryg has experienced as it has undergone a ... Read the full article
Lloyd’s emphasises need to regularly check validity of LOCs as marketplace adjusts guidance
3rd October 2023
London-based specialist insurance and reinsurance marketplace, Lloyds, has issued a new market bulletin for members which outlines some changes to the use of letters of credit (LOCs) within Tier 2 capital limits, and underlines the need for frequent confirmation of the validity of each LOC issued. It appears as though this ... Read the full article
Boost Insurance enters strategic partnership with Canopius US Insurance Holdings
3rd October 2023
Boost Insurance, a leading insurance infrastructure platform, has announced a strategic partnership with Canopius US Insurance Holdings, Inc., a subsidiary of the Canopius Group. This partnership aims to provide long-term risk capacity for insurance programs powered by Boost's digital MGA (Managing General Agent) platform. Boost's full-stack platform offers compliance, capital, and technology ... Read the full article
WTW names Hannah Fearn Director, Financial Solutions
3rd October 2023
Insurance broker WTW, has announced the appointment of Hannah Fearn as Director of the Financial Solutions team. Fearn brings over 15 years of trade finance and insurance experience to her new role. She joins WTW from the law firm Sullivan & Worcester, where she served as a managing associate, specialising in ... Read the full article
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