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Coalition reveals new integrations with Microsoft 365, Google Workspace, & Amazon Web Services

16th April 2024

Coalition, an active cyber insurance provider, has revealed new integrations between Coalition Control, its cyber risk management platform, and cloud services providers, which includes Microsoft 365, Google Workspace, and Amazon Web Services. It has been confirmed that Coalition policyholders and Control customers can now connect Coalition Control with cloud services, in ... Read the full article

Aspen and PIMCO launch casualty-focused reinsurer Pando Re

16th April 2024

Aspen Insurance Holdings and PIMCO Investment Management Company have formed Pando Re, a Bermuda-domiciled collateralized (re)insurer focused on casualty business. Aspen will reportedly be the sole cedant to Pando Re and PIMCO will be its exclusive investment manager. The new reinsurer will participate in Aspen’s Casualty Insurance, Global Professional Lines Insurance, ... Read the full article

HDI Global aims for mid-market segment with dedicated services and strategy

15th April 2024

HDI Global, an industrial insurance provider known for its focus on large industrial clients, is now expanding its services to offer tailored solutions to mid-market clients. Through a focused strategy in underwriting, claims management, and product refinement, HDI Global now provides both domestic and international solutions to mid-market clients. It emphasises ... Read the full article

Parametrix Analytics launches for cloud risk modeling

15th April 2024

Parametrix, a provider of cloud monitoring, modeling, and insurance services has launched Parametrix Analytics, a brand new service that will allow re/insurers to quantify, effectively manage, and efficiently transfer cloud risks with unprecedented accuracy. According to the announcement, Parametrix Analytics’ proprietary modeling approach is based on "discovery and analysis of the ... Read the full article

Hannover Re & Parametrix launch world’s first cloud outage catastrophe bond

15th April 2024

Large European reinsurer Hannover Re has, in collaboration with Parametrix, issued the world's first cloud outage catastrophe bond, a $13.75 million privately placed transaction called Cumulus Re. Issued via Hannover Re's wholly owned Bermuda domiciled subsidiary, Kaith Re Ltd., the parametric cat bonds provide the reinsurer with incremental retrocession coverage against ... Read the full article

Risk Theory launches surplus lines insurer Amherst Specialty

11th April 2024

Risk Theory, a privately held specialty lines insurance manager, has launched Amherst Specialty Insurance Company. Amherst is a Texas domiciled and a wholly-owned affiliate within the Risk Theory group of companies, and is an authorized surplus lines insurer with an A.M. Best rating of A- VIII. This strategic affiliation aims to enable ... Read the full article

Howden’s Sarah Hughes added to Board of London Market Group

10th April 2024

The London Market Group has announced that Sarah Hughes, CEO of Howden Specialty, has been added to its board as a representative of London & International Insurance Brokers Association (LIIBA). An experienced veteran across the sector, Hughes was appointed CEO of Howden Specialty in October, after joining as the firm's ... Read the full article

Qubit completes Pre-Series A fundraising to bolster growth and research

10th April 2024

Qubit Underwriting, a Managing General Agent (MGA) recently launched in Hong Kong specialising in digital asset insurance, has successfully completed its Pre-Series A fundraising. The raised funds will help to fuel Qubit’s expansion efforts to reach global markets and bolster research and development initiatives, particularly in harnessing artificial intelligence for underwriting. Having ... Read the full article

Upfort names former At-Bay & Hiscox exec Brett Sadoff as Advisor

10th April 2024

Upfort, a cutting-edge cyber security and insurance platform, has expanded its leadership team with the appointment of cyber security and insurance expert Brett Sadoff to its advisory board. In this role, Sadoff is responsible for helping to steer the company’s strategic vision and advancing its mission to accelerate the world’s journey ... Read the full article

Latin Re appoints Diogo Costa as Head of Oil & Gas and Construction

9th April 2024

Latin Re, the Brazilian independent reinsurance brokerage, has appointed Diogo Costa as the Head of Oil & Gas and Construction. This appointment aims to strengthen the broker’s market position in the Latin American market, consolidating its relevance in countries such as Mexico, Guatemala, and Ecuador. Marjorye Hoejenbos, Managing Director, Infrastructure & ... Read the full article

Some reinsurers pulled back, others more positive on Japan casualty business at 1/4: Gallagher Re

5th April 2024

The outcome of the Japan casualty reinsurance renewals at April 1st were predominantly stable or favourable, with some sellers pulling back from certain lines as others adopted a more positive approach, according to Gallagher Re. In Gallagher Re’s latest report, the reinsurance broker emphasises that the focus during the April renewals ... Read the full article

Cowbell promotes Sabouni to Chief People Officer, & Palardy to Chief Actuary

4th April 2024

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has made two executive promotions, as Sahar Sabouni, Head of Employee Success becomes Chief People Officer, and Dan Palardy, Lead Actuary, becomes Chief Actuary. Sabouni joined the organisation in May 2021 and played a key role in building out ... Read the full article

Amwins launches digital platform for streamlined carrier quote access

4th April 2024

Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace providing rapid access to firm, bindable quotes from multiple carriers, aiming to combine the convenience of online quoting with the scale of the nation's largest P&C wholesaler. With Amwins IQ, users can instantly obtain quotes, easily compare multiple markets, and promptly ... Read the full article

Stage set for more comprehensible reinsurance market at mid-year and beyond: Aon’s Attard

4th April 2024

Aon, the global insurance and reinsurance broker, has released its latest Reinsurance Market Dynamics report, revealing that the 1/1 and April 1 2024 renewals set the stage for a more comprehensible market for reinsurance buyers throughout mid-year and into 2025. According to Aon, market conditions have improved further following the ... Read the full article

Tokio Marine HCC – CPLG strengthens leadership team with key appointments

4th April 2024

Tokio Marine HCC – Cyber & Professional Lines Group (CPLG) has announced three key appointments to its leadership team, aimed at strengthening its position in the dynamic cyber and professional lines insurance market. Patrick Gallic has been named Head of Emerging Markets. In this role, he will focus on exploring new ... Read the full article