Reinsurance News
Insurance news
Insurance news of relevance to the reinsurance market.
Our focus is on insurance and reinsurance news for large account, commercial and specialty lines, as well as pure reinsurance and retrocession news, analysis, insight and interviews.
Insurers to benefit from Genasys latest core platform release
28th March 2024
Genasys, a provider of insurance administration software, has launched Genasys Unify, a major update to its core platform. The latest release provides an overhaul of the previous Genasys user interface as well as a host of new features. With this, the software provider aims to make insurance easier and more rewarding ... Read the full article
Public-private partnerships play a key role in climate adaptation: Swiss Re’s Menzinger
26th March 2024
Climate mitigation and adaptation is essential to continue reducing emissions to counter hazard intensification, and public-private partnerships play a key role in funding and enabling this, according to Ivo Menzinger, Head EMEA, Public Sector Solutions at Swiss Re. A recent report by the Swiss Re Institute revealed that global insured ... Read the full article
Sertis secures $3.2mn in funding to support growth in multifamily insurance market
26th March 2024
Managing general agency (MGA) Sertis has completed an oversubscribed seed funding round, raising $3.2 million for further growth in the multifamily insurance sector. The seed funding round, the MGA highlighted, demonstrates recognition from the industry for its innovative software solutions and strategic business model, as well as Sertis' ability to attract ... Read the full article
Paul Plunkett to lead Acrisure’s New England Region
26th March 2024
Global Fintech company Acrisure has announced the formation of its New England Region, to be led by Paul Plunkett as Managing Partner. The new region will encompass its businesses in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Acrisure’s New England presence includes 27 office locations, with nearly 400 employees serving ... Read the full article
Coastal insurer SURE to offer surplus lines homeowners in California
22nd March 2024
Demotech-rated SureChoice Underwriters (SURE), a policyholder-owned coastal insurer, has launched its surplus lines homeowners insurance products in California, in partnership with managing general underwriters SageSure. With this new insurance solution, SURE is the first Demotech-rated carrier to offer surplus lines homeowners insurance in the California market. Demotech became the financial analysis firm ... Read the full article
Mass shooting insurance product launched by Gabriel in partnership with Chaucer
21st March 2024
Gabriel, a technology company tackling mass shootings and workplace violence threats, has partnered with specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to offer a mass shooting insurance product. Designed to prevent and mitigate against mass shootings, the Active Assailant product uses artificial intelligence (AI) technology to alert insureds ... Read the full article
Leaders dissatisfied with efforts to get updated insurance programs launched digitally: Sure
21st March 2024
Sure revealed that 71% of insurance industry decision-makers are dissatisfied with the level of effort to get updated insurance programs off the ground and launched digitally, despite the widespread use of legacy rate service organisations (RSOs) and their services. The 2024 State of Digital Insurance Report surveyed hundreds of insurance industry ... Read the full article
Duck Creek launches new payment processes solution for North America
20th March 2024
P&C insurance software provider Duck Creek Technologies, has announced the launch of Duck Creek Payments in the North American market, a cloud-based Software as a Service (SaaS) solution. This cutting edge product, Duck Creek stated, is to transform the insurance industry by offering unparalleled access to any global payment provider or ... Read the full article
High business confidence builds on optimistic outlook for Q2 2024: KPMG UK
19th March 2024
Business leaders in the financial services sector feel optimistic about business growth for the second quarter of 2024 (April-June), with 79% of insurance executives citing confidence about the coming quarter. Research from KPMG UK revealed that 88% of senior executives are confident when it comes to overall business growth in Q2, ... Read the full article
Lockton and Campden BRI to help food and drink industry mitigate current and emerging risks
18th March 2024
Independent insurance broker Lockton has announced a global collaboration initiative with food science company Campden BRI to provide the food and drink industry with key risk mitigation support and build resilience in an evolving risk landscape. A number of threats have been affecting the food and drink industry in recent years, ... Read the full article
Re/insurance sector to benefit from ICEYE’s sharpened imaging mode
13th March 2024
ICEYE, a provider of natural catastrophe solutions and insights, has increased its capabilities with the introduction of its Dwell Fine imaging mode, which builds on the release of Spot Fine, launched last year. Dwell Fine is unique in commercial SAR satellite imagery; using its 50-centimetre resolution it helps to deepen the ... Read the full article
Guidewire to help Encova Insurance optimise business operations
13th March 2024
As part of its digital transformation journey, property and casualty insurer Encova Insurance has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business and simplify its IT operations. Encova, a Guidewire customer since 2014, aims to migrate its InsuranceSuite from a self-managed environment onto Guidewire Cloud simultaneously for all ... Read the full article
Generali and UNDP launch various initiatives to boost resilience in Asia
8th March 2024
In efforts to help boost small and medium-sized enterprises (SMEs) resilience against climate change and other risks in Asia, Generali and United Nations Development Programme (UNDP) have launched a joint report detailing key risks and alternative approaches to insurance. The report titled “Building MSME Resilience in Southeast Asia” found that SME ... Read the full article
Resilience US clients to benefit from new Tech E&O coverage
7th March 2024
Cyber risk management firm Resilience has announced it has added Technology Errors & Omissions (E&O) coverage to its existing cyber insurance and cyber risk management solutions. US organisations with $300M-$10B in revenue will benefit from this new coverage, which has $10M in limits available for both primary and excess placements. Resilience's new ... Read the full article
Sapiens to expand presence in Canada to accelerate growth for insurers
6th March 2024
Sapiens International Corporation, has announced its strategic expansion in the Canadian market, bolstering its workforce and expertise to foster continued growth and innovation for regional customers. Sapiens has been successfully serving leading Canadian insurers for more than 15 years, providing SaaS solutions and services across life, property and casualty, and workers' ... Read the full article
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