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.
FullCircl partners with Howden to enhance client experience
28th August 2024
FullCircl, a software company that assists insurance brokers in accelerating growth and integrating compliance smoothly, has announced a multi-year agreement with Howden, an insurance intermediary group. This partnership aims to help Howden's clients maintain proper coverage while lowering compliance costs and reducing administrative burdens. The deployment of FullCircl SmartBroker includes a suite ... Read the full article
Goosehead & Root Insurance collaborate to simplify insurance sales for independent agents
28th August 2024
Root, Inc., a technology firm specialising in insurance solutions and the parent company of Root Insurance Company, and Goosehead Insurance, Inc., an expanding independent personal lines insurance agency, have announced a new technology integration partnership that is transforming the agent experience. This collaboration represents a significant advance toward their shared goal ... Read the full article
Edward Bousa appointed to Corebridge Financial Board of Directors
27th August 2024
Corebridge Financial, Inc., a provider of retirement, life, and asset management solutions, announced the immediate appointment of Edward Bousa as an independent director to its Board of Directors. Bousa is a distinguished portfolio manager with more than 40 years of experience in the mutual fund industry. Renowned for his thorough evaluations and ... Read the full article
Written premiums top $1 billion for Millennial Specialty Insurance
22nd August 2024
Millennial Specialty Insurance, LLC, (MSI) an independent managing general agency (MGA) in the US, and a subsidiary of The Baldwin Insurance Group, Inc., an insurance distribution firm, recently announced that it has surpassed $1 billion in in-force written premiums during the second quarter of 2024. "This milestone is a reflection of ... Read the full article
Florida Peninsula Managers to be renamed Windward Risk Managers
21st August 2024
Florida Peninsula Managers, the Managing General Agency (MGA) behind Florida Peninsula Insurance and Edison Insurance, has announced it will be renamed to Windward Risk Managers to better position itself for growth and new opportunities. The MGA has had a track record of success over the past two decades and has a ... Read the full article
Miller expands Accident & Health team with the addition of Alessia Lombardi
21st August 2024
Miller, the independent specialist in (re)insurance broking, has appointed Alessia Lombardi as an Account Executive within its Accident & Health team. Lombardi will begin her role in September 2024, reporting directly to Tim Nagle, Head of Sports & Entertainment at Miller. With over 20 years of experience in the Lloyd’s and international ... Read the full article
Ardonagh Advisory to acquire R.K. Henshall
20th August 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its plan to acquire R.K. Henshall & Co. Limited, a chartered insurance broker based in Sandbach, Cheshire. Founded in 1976, R.K. Henshall & Co. employs 35 people and specialises in commercial insurance, offering premium schemes through its Air Underwriting division. Following ... Read the full article
Freddie Mac’s Single-Family CRT Program completes its 100th transaction
20th August 2024
Freddie Mac’s Single-Family Credit Risk Transfer (CRT) Program has successfully closed its 100th Agency Credit Insurance Structure (ACIS) transaction. This ACIS 2024-SPH2 transaction executed in Q3 transfers risk on an initial reference pool of fully amortising, 20-30 year fixed-rate first lien mortgages with original LTVs greater than 80% and less than ... Read the full article
Galway Holdings names Frank Mammaro as CFO
20th August 2024
Galway Holdings, a diversified broker and insurance distribution platform, has appointed Frank Mammaro as Chief Financial Officer (CFO), based in Jersey City. The appointment follows the reshuffling of the leadership team in February 2024, as Jennings and Denton took over as Chief Executive Officers and established Galway Retail Services and ... Read the full article
Previsico survey finds most businesses lack a flood action plan
19th August 2024
In the face of the escalating threat of climate change, a recent survey by Previsico, a company specialising in real-time flood forecasting and water management, reveals that 54% of organisations in both the public and private sectors do not have a plan to address the rising risk of flooding. A majority ... Read the full article
Aon forecasts 9% rise in US employer health care costs for the coming year
16th August 2024
The cost of employer-sponsored health care in the US is expected to increase by 9.0 percent in 2025, bringing the average expense per employee to over $16,000, according to Aon, a global professional services firm. This expected rise assumes that employers won't introduce additional cost-sharing or other savings measures. It marks a ... Read the full article
ATL appoints Álvaro Mier as joint COO and CFO to strengthen leadership team
16th August 2024
ATL, a broker specialising in commercial (re)insurance solutions, has strengthened its leadership team by appointing Álvaro Mier as joint Chief Operating Officer and Chief Financial Officer. Mier brings over 15 years of experience in global financial services, having most recently held the dual roles of CFO and COO at Riddle&Code, an ... Read the full article
ICA and PIA urge Australia to reform land use for natural hazard protection
16th August 2024
The Insurance Council of Australia (ICA) and the Planning Institute of Australia (PIA), representing the insurance sector and urban planning professionals respectively, are calling on governments at all levels to address growing housing challenges by reducing the risks associated with natural hazards. At the 2024 National Industry Roundtable on Land Use ... Read the full article
Insurance market remains growth-oriented, creating opportunities for buyers: Aon
15th August 2024
Many global insurers reported healthy profits in 2023, and with reinsurance market conditions improving for buyers, the insurance sector was once again growth-oriented in the second quarter of 2024, according to re/insurance broking group Aon. According to Aon's Q2 2024 overview of the global insurance marketplace, during the quarter, carriers remained ... Read the full article
Markel names Grant Smith as Head of Marine & Energy Liability for International Specialty
15th August 2024
Markel Group has announced that Grant Smith has been appointed as Director of Marine & Energy Liability for International Specialty, effective immediately. This appointment is part of Markel's ongoing efforts to strengthen its international specialty underwriting capabilities and expertise, following the establishment of its International Specialty practice last December. In his new ... Read the full article
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