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.
Westfield Specialty secures Lloyd’s approval for £774m 2025 syndicate business forecast
7th November 2024
Westfield Specialty International, a global insurance provider, has received approval from Lloyd’s for its 2025 Syndicate Business Forecast, setting it at £774 million—a rise of £56 million, or 8%, over the 2024 forecast. Since acquiring the Syndicate in February 2023, Westfield has overseen steady growth, with expectations for further expansion as ... Read the full article
CFC expands corporate cyber offering in Europe with new team and key appointment
7th November 2024
CFC, an insurance provider with expertise in cyber risk, has announced that it is expanding its corporate cyber offering by launching a team dedicated to supporting brokers across Europe. With established offices in Brussels and Madrid and plans to open more locations by year-end, has appointed Ilaria Silvato as Corporate Cyber ... Read the full article
Hood Group completes buyout of silent shareholders with support from Connection Capital
7th November 2024
Hood Group Limited, a provider of insurance solutions, is pleased to announce the successful buyout of the Group’s silent shareholders, with support from Connection Capital LLP, a private equity and alternative investment firm. The company’s senior leadership team—CEO Simon Hood, Commercial Director Bruce Reid, Chief Operating Officer James Wallis, Travel Director ... Read the full article
Trump 2.0: How a potential 15% corporate tax and trade policies could reshape the re/insurance sector
6th November 2024
With Donald Trump's imminent return to the White House, re/insurers are now reconsidering the policies that shaped his first presidency and preparing for the potential impacts on the sector. Trump’s “America First” agenda is expected to re-emerge in full force, potentially influencing areas such as trade policy, tax reforms, climate regulations, ... Read the full article
Buyer friendly conditions continue as insurers focus on growth: Aon
6th November 2024
Buyer friendly conditions for insurance buyers in North America continued through the third quarter of 2024, accelerating in key areas as insurers seek to achieve year-end growth, Aon has revealed in its recent North America Market Overview for Q3. In its remarks, the broker noted that the Casualty insurance environment presents ... Read the full article
Brace Underwriting appoints Richard Wheeler as Senior Underwriter
6th November 2024
Brace Underwriting Limited, a multi-line alternative risk underwriter backed by Beat Capital, has appointed Richard Wheeler as Senior Underwriter, effective immediately. Based in London, Wheeler will report to Tom Sambrook, Head of Underwriting. Wheeler will leverage his deep expertise in the international property sector and his experience in managing multi-line placements to ... Read the full article
IQUW expands FortiFI coverage to the Australian market with new territory-specific wording
5th November 2024
Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, FortiFI is among the few comprehensive FI solutions available that includes integrated Cyber coverage. This new ... Read the full article
Antares restructures business unit alongside UK insurer launch
4th November 2024
Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes, driven by two years of reorganisation and investment, have delivered impressive financial results, Antares highlights. With separate underwriting ... Read the full article
Potential end of low protest activity in Latin America, says Chaucer
4th November 2024
According to Chaucer, a specialty re/insurance group, the current period of significantly low political protests and demonstrations in Latin America may be coming to an end. Data indicates that the number of protests in the region decreased by 26.3% over the past year, dropping from 28,000 to 20,690 between April 30, ... Read the full article
Enstar finalises $376m loss portfolio transfer agreement with QBE
1st November 2024
Enstar Group Limited, a company specialising in managing runoff insurance and reinsurance portfolios, recently confirmed that one of its wholly-owned subsidiaries has finalised a previously announced loss portfolio transfer agreement with subsidiaries of QBE Insurance Group Limited. Through this agreement, Enstar reinsures a portfolio of US commercial liability and workers’ compensation ... Read the full article
Property MGA Delos raises $9M to expand wildfire insurance for homeowners
1st November 2024
Delos Insurance Solutions, a property insurance MGA, has raised $9 million in a Series A funding round to address homeowners' challenges in securing wildfire insurance. This funding round was led by HSBC Asset Management, with contributions from IA Capital Group, Blue Bear Capital, Generation Space, and several angel investors. Using wildfire science ... Read the full article
Insurers to benefit from Accelerant’s risk management platform as it launches to the public
1st November 2024
Accelerant, a services & data platform for the specialty insurance market, has announced the public launch of app.accelerant.ai, a revolutionary digital platform with enhanced artificial intelligence (AI) capabilities. Insurers and risk capital partners can now harness the same powerful tools to optimise risk management and drive superior underwriting results that Accelerant’s ... Read the full article
Insurance premiums for CMBS properties rise 16% in 2023, says Moody’s Ratings
1st November 2024
According to Moody's Ratings, a financial services firm specialising in credit ratings, research, and risk analysis, insurance premiums for commercial mortgage-backed securities (CMBS) properties rose by 16.4% in 2023, far outpacing the 3.4% US consumer price inflation. Rising insurance costs, driven by extreme weather events, are becoming a major financial strain ... Read the full article
Optio Group expands leadership with appointment of Joanna Eilts as Head of Legal
31st October 2024
Specialty MGA Optio Group has appointed Joanna Eilts as Head of Legal, a newly established London-based role in which she will report to CFO Mark Mugge, effective immediately. This appointment adds to Optio's leadership team as it continues expanding internationally through strategic acquisitions. Eilts brings extensive experience across corporate and commercial matters, ... Read the full article
Alexandros Ampatzis named Head of Marine for Asia-Pacific at Tokio Marine Kiln
31st October 2024
Tokio Marine Kiln (TMK), an international insurer specialising in niche insurance and reinsurance, recently announced the appointment of Alexandros Ampatzis as Head of Marine for the Asia-Pacific (APAC) region, effective November 1, 2024. Ampatzis will report to Jamie Tang, TMK’s Regional Underwriting Director for APAC. He is a seasoned expert in marine ... Read the full article
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