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.
Ryan Specialty announces key leadership appointments in international underwriting segment
24th October 2024
Ryan Specialty, an international specialty insurance firm, has announced key leadership appointments within its international underwriting segment, Ryan Specialty Underwriting Managers International (RSUMI). Ben Purkiss has joined as Head of Business Development for RSUMI, where he will focus on identifying new opportunities for the company’s international operations. He brings over a decade ... Read the full article
Guidewire enhances PartnerConnect Program with new updates and technology innovations
23rd October 2024
Guidewire, a provider of software for property and casualty insurers, has rolled out major enhancements to its PartnerConnect program, alongside new technology innovations. These updates are designed to help insurers modernise their systems, improve customer experiences, and accelerate growth. In addition to revealing new partnerships and updates to the Guidewire Marketplace, the ... Read the full article
AIG’s new Atlanta innovation hub to drive growth and create 600+ jobs
23rd October 2024
American International Group, Inc. (AIG) has announced its plans to consolidate and expand its Atlanta-area footprint with the relocation of its Alpharetta and Buckhead operations to a new innovation hub To be located at 2002 Summit Boulevard Northeast in Brookhaven, Georgia, AIG’s new hub has been designed as a collaborative workspace ... Read the full article
Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks
23rd October 2024
Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion's TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored ... Read the full article
Kroll welcomes Katherine Keefe as MD and Global Cyber Insurance Industry Lead
22nd October 2024
Kroll, an independent provider of global risk and financial advisory services, announced that Katherine Keefe will join as Managing Director and Global Cyber Insurance Industry Lead, overseeing the firm's worldwide cyber insurance capabilities. "We are proud to welcome Katherine to Kroll. Her deep understanding of the cyber insurance and regulatory landscape, ... Read the full article
Insurance industry on alert as 91% of executives see climate change as a major threat: Conning
22nd October 2024
A new report by Conning, a provider of investment management and insurance research, titled "Climate Risk: An Imminent Threat to Business," highlights the growing importance of assessing and managing both physical and transitional climate change risks within the insurance industry. The report, based on a survey of insurance executives, reflects Conning's ... Read the full article
INSHUR secures $19m to scale operations with MS&AD backing
22nd October 2024
INSHUR, a global embedded insurance provider, has raised $19 million in its latest funding round to continue to strengthen market position across the US and Europe, bringing total funding to $78.5 million since 2019. The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. The funding ... Read the full article
FERMA Forum 2024 calls for a transformative approach to risk management
21st October 2024
FERMA, the Federation of European Risk Management Associations, represents the interests of risk managers across Europe, and in her opening speech at the FERMA Forum in Madrid, President Charlotte Hedemark urged them to adapt, improve, and innovate to tackle the fast-changing risk environment. In her address at the FERMA Forum 2024, ... Read the full article
Thomas McShane named Head of Technology and Media E&O at Tokio Marine Kiln
21st October 2024
Tokio Marine Kiln (TMK), an international insurer, has appointed Thomas McShane as Head of Technology and Media E&O, a newly created position. McShane will officially join the company in January and will report to Laila Khudairi, Head of Cyber & Enterprise Risk. In this role, McShane will focus on expanding TMK's global ... Read the full article
China approves new insurance ventures from BNP Paribas and Prudential
21st October 2024
China is further opening its massive insurance market by approving the establishment of separate insurance units for BNP Paribas and Prudential Financial. The National Financial Regulatory Administration (NFRA) greenlit a BNP Paribas joint venture with Volkswagen Financial Services, according to NFRA head Li Yunze. US-based Prudential Financial has also received approval for ... Read the full article
Lloyd’s Market Association welcomes John Levett as Head of Regulatory Affairs
21st October 2024
The Lloyd's Market Association (LMA) has announced the appointment of John Levett as Head of Regulatory Affairs, effective immediately, where he will report to Arabella Ramage, the Legal Director at the LMA. Levett became part of the LMA in October 2023 as Senior Executive for Regulatory Affairs. Since then, he has worked ... Read the full article
Miller appoints Satoshi Watanabe as Business Development Manager for Lead Japan
21st October 2024
Miller, an independent specialist in re/insurance broking, has announced the appointment of Satoshi Watanabe to its Japanese subsidiary, Lead Insurance Services Limited (Lead), as part of its ongoing efforts to expand and diversify in Japan. Satoshi takes on the role of Business Development Manager, with a focus on growing the broker’s ... Read the full article
T. Rowe Price names Ben Riley as Head of Insurance
21st October 2024
T. Rowe Price, a global investment management company, has appointed Ben Riley, CFA®, to the newly established position of Head of Insurance, effective January 1, 2025. In this role, Riley will lead a team focused on serving insurance clients in North America and will also manage the firm's global insurance initiatives. He ... Read the full article
BlackFin Capital Partners successfully closes Fund IV at €1.8bn
18th October 2024
BlackFin Capital Partners, a specialist in Europe’s financial services sector, is excited to announce the successful closing of the BlackFin Financial Services Fund IV at a total of €1.8 billion. This new fund exceeds its initial target of €1.5 billion, driven by strong interest from institutional investors, with 45% from Europe, ... Read the full article
BHSI announces key leadership promotions in DACH region
18th October 2024
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, has announced two key leadership promotions. Lars Messutat has been appointed as the Head of General Property for the DACH region, while Juliane Klein-Walbeck has been named the Head of Energy & Construction for the same region. “BHSI’s ... Read the full article
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