Reinsurance News
OxCarbon and Kita collaborate to drive financial investment in climate impact projects
22nd June 2023
OxCarbon, a not-for-profit spin-out from the University of Oxford, and Kita, the carbon insurance specialist, have signed a Memorandum of Understanding (MOU) aimed at facilitating increased financial investment in climate impact projects. The partnership focuses on employing scientific and data-driven approaches to scale up investments and develop viable insurance products for ... Read the full article
Sedgwick launches power & energy division in the UK
22nd June 2023
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has launched a new power and energy division in the UK, which will be led by industry veteran David Ward. Sedgwick states that the division will focus on claims affecting the energy and power sectors, with the capabilities to ... Read the full article
Alliant Insurance Services appoints Eric Edwards as its SVP for Americas
22nd June 2023
Eric Edwards has joined Alliant Insurance Services within its Alliant Americas division as Senior Vice President. Edwards will be based in New Orleans and will focus on developing comprehensive and cost-effective risk management solutions for a wide range of businesses and organizations across the Southeast. For more than two decades, Edwards has ... Read the full article
Hymans Robertson promotes Church to Head of Core Transactions
22nd June 2023
Leading pensions and financial services consultancy, Hymans Robertson has promoted Iain Church to Head of Core Transactions, as part of an enhanced and expanded risk transfer team. The company stated that in this newly created role, Church will be leading the firm’s drive to support smaller schemes as they reach buy-out ... Read the full article
Insurance Quantified acquires P&C data provider Groundspeed Analytics
22nd June 2023
Insurance Quantified, a commercial P&C underwriting technology provider, has acquired the ingestion and data solutions firm, Groundspeed Analytics. According to Insurance Quantified, the acquisition will strengthen its market leadership in underwriting technology and further its mission to maximise the value of data for commercial P&C insurers. The deal was completed on June ... Read the full article
Crop resilience shows significant progress, but more efforts required: Swiss Re Institute
22nd June 2023
Swiss Re Institute's recent Sigma Report recognises substantial global progress in crop resilience but emphasises the urgent need for additional efforts to address the significant $113 billion crop protection gap. Crops, which account for 65% of global agricultural output, serve as a crucial indicator of the overall resilience of the agriculture ... Read the full article
Lockton names Mark Drummond-Brady as Advisor to Senior International Leadership Team
22nd June 2023
Global insurance broker Lockton has announced the appointment of Mark Drummond-Brady as Advisor to the Senior International Leadership Team, effective July 1, 2023. Drummond-Brady, a highly experienced insurance industry veteran with over 40 years of expertise, will provide valuable advice and counsel to support Lockton's ongoing growth plans. Drummond-Brady's career in the ... Read the full article
NACD and Marsh McLennan urge greater board risk oversight
22nd June 2023
The National Association of Corporate Directors, the authority on boardroom practices representing more than 23,000 directors, in partnership with Marsh McLennan, have published their Risk Committee Blueprint as part of the NACD Future of the American Board initiative. The Risk Committee Working Group is a panel of corporate board leaders from ... Read the full article
HDI TH!NX launches Leak360 for early detection and prevention of water leaks
22nd June 2023
HDI TH!NX, a subsidiary of the HDI Group and a renowned leader in IIoT-based solutions and risk management, has unveiled Leak360, an innovative system designed to identify and prevent water leaks in buildings. Recognising that water leaks pose a significant financial burden, HDI TH!NX aims to provide round-the-clock protection and minimise ... Read the full article
NZ insurers face estimated $3.18bn loss from Auckland floods & Cyclone Gabrielle
22nd June 2023
Data from the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) reveals that insurers face an estimated loss of $3.18 billion from claims arising from the impacts of the Auckland Anniversary Weekend floods and Cyclone Gabrielle in February. So far, $1.08 billion of the total insured loss ... Read the full article
Atain Insurance Companies appoints Linc Trimble as CUO
22nd June 2023
Atain Insurance Companies, HW Kaufman Group's A rated admitted and non-admitted property casualty carrier, has announced the appointment of Linc Trimble as its Chief Underwriting Officer (CUO). Trimble officially transitioned into his new role on June 1, after having been working in a consulting capacity with Atain leadership ... Read the full article
IAG Firemark Ventures, JVP & MSC partner on ClimateTech insurance collaboration
22nd June 2023
IAG Firemark Ventures, the corporate venture capital arm of Australia and New Zealand's largest general insurer IAG, together with Jerusalem Venture Partners (JVP), and Margalit Startup City (MSC) New York have announced a new ClimateTech Insurance joint-collaboration. According to the announcement, the partnership is aimed at discovering, nurturing, and developing emerging cutting-edge technologies and ... Read the full article
GC&C strengthens parametrics insurance structure
21st June 2023
Generali Global Corporate & Commercial (GC&C) has announced it is strengthening its Parametrics structure to expand its operational platform and enhance its market presence. Within GC&C’s Insurance Function, the structure known as Property, Engineering & Construction, led by Sander Van Voorden, will now be renamed as Property, Engineering, Construction & Parametrics, ... Read the full article
Personnel moves one of the driving changes within cargo insurance: Gallagher Specialty
21st June 2023
Talent is driving change within the global cargo insurance market, as well as its potential use as an alternative capital provider to a possible hardening further P&C market, Gallagher Specialty highlighted in its recent cargo Insurance Market Update. According to the report, analysts have seen a significant number of personnel market ... Read the full article
SageSure surpasses $1 billion in inforce premium and unveils new brand
21st June 2023
SageSure, a provider of catastrophe-exposed property insurance, has surpassed $1 billion in inforce premium and unveiled a new corporate brand to reflect its future ambitions. Since its establishment in 2009, SageSure has steadily expanded its operations, now serving 14 states and partnering with 11 highly rated carriers. With a robust distribution network ... Read the full article
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