Reinsurance News
Product Launch
HITRUST and Trium Cyber introduce exclusive cyber insurance
17th May 2024
Trium Cyber announces its partnership with HITRUST. This collaboration introduces an exclusive cyber insurance product available solely to HITRUST-certified customers, marking a new benchmark in aligning information risk assurances with insurance underwriting. The insurance product, initially tailored for HITRUST r2 certified entities, aims to tackle the escalating complexities and disparities within ... Read the full article
Applied Systems’ commercial lines panel welcomes Arch Insurance live
16th May 2024
Today, Applied Systems Europe announced the launch of Arch Insurance's specialised property owners’ insurance product on its commercial e-trading panel. Tony Silve, VP, National Director, Arch Online, said: “We are delighted to offer Applied brokers e-trade access to our popular Property Owner’s solution, as we continue to expand our digital solutions. ... Read the full article
Energy Raven emerges as an independent entity from American Family Insurance
4th March 2024
Energy Raven has officially launched from American Family Insurance, where it was originally incubated. According to Energy Raven it was initially conceived as an internal corporate innovation project, it has now emerged as a nationally scaled company, supported by American Family Insurance. Dan Reed, Managing Director and President of American Family Ventures, ... Read the full article
CyRisk launches Privacy Risk Insights Underwriting platform for cyber insurance industry
15th February 2024
CyRisk, an innovator in cyber risk management and data analytics, has introduced its latest solution, the Privacy Risk Insights Underwriting platform. Designed to meet the escalating demands of the cyber insurance sector amid a surge in privacy claims, this state-of-the-art tool leverages advanced artificial intelligence to provide unparalleled insights into privacy ... Read the full article
GBN Worldwide launches GBN Risk Solutions to facilitate international insurance business
13th February 2024
GBN Worldwide, a global network of re/insurers, independent brokers, and specialty suppliers, has unveiled its latest venture, GBN Risk Solutions (GBN RS), a London-based independent broker and Managing General Agent (MGA). This strategic move aims to bolster international business for the network and its members, offering a conduit for the placement ... Read the full article
Verisk launches generative AI feature in Discovery Navigator
9th February 2024
Verisk, a global data analytics and technology provider, has introduced an automated generative artificial intelligence (generative AI) record summary capability in its Discovery Navigator platform. Aimed at property and casualty claims professionals, this feature is set to revolutionise the medical record review process. Discovery Navigator has already established itself as a game-changer, ... Read the full article
Lloyd’s launches USD Enhanced Yield Liquidity Fund on investment platform
5th February 2024
Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform. The fund aims to present an investment alternative to long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II ... Read the full article
SCOR expands offshore renewable energy commitment with $180m consortium launch
1st February 2024
In a strategic move to bolster its presence in the offshore renewable energy sector, SCOR has officially launched a new consortium, instantly elevating its total deployable capacity to $180 million. The consortium, effective immediately, underscores SCOR's commitment to sustainability and its proactive role in supporting the global energy transition. With a focus ... Read the full article
Insurtech BOXX Insurance launches advanced cyber risk mitigation solution in partnership with AXA
30th January 2024
Insurtech firm BOXX Insurance, in partnership with AXA, has unveiled a cyber risk mitigation solution designed to offer vital support to small businesses. Recognising the pressing need for comprehensive protection against cyber threats for smaller enterprises, BOXX Insurance's user-friendly solution aims to assist businesses in predicting and preventing potential cyber attacks. Vishal ... Read the full article
QBE NA launches QBE Possibilities Fund to accelerate early-stage climate solutions
26th January 2024
In a strategic move towards fostering innovative climate solutions, QBE North America has launched the QBE Possibilities Fund. This initiative is dedicated to supporting collaborative early-stage climate projects aiming to contribute to a more resilient and sustainable future. David Mulligan, Chief Operating Officer of QBE North America, highlighted the critical role of ... Read the full article
Intact launches Striior Insurance Solutions, names Kaileigh Bowe as President
9th January 2024
Intact Insurance Specialty Solutions, the U.S. insurance subsidiary of Intact Financial Corporation, has launched a fresh identity for its Excess and Surplus (E&S) builders risk segment – Striior Insurance Solutions. Formerly known as Highland Insurance Solutions, the change aims to signify the robust foundation, team expertise, and ambitious objectives of the ... Read the full article
RSA and Brit launch global Project Cargo consortium ‘BUILD’ with $285m capacity
9th January 2024
RSA Insurance's UK Specialty Lines business and Brit Ltd have joined forces to unveil 'BUILD,' a Project Cargo consortium that stands as one of the largest in the global cargo market. Open for business, this consortium offers a guaranteed capacity of up to USD 285 million for Project Cargo risks on ... Read the full article
VIG and Wien Energie launch Austria’s first nationwide energy community
2nd January 2024
Vienna Insurance Group (VIG), the leading insurance group in Central and Eastern Europe, has partnered with Wien Energie to establish the country's first Austria-wide energy community. The VIG Energy Community aims to generate renewable electricity for more than half of all VIG sites across Austria, including those that do not directly ... Read the full article
Munich Re Automation Solutions launches SARA Interview Screens
19th December 2023
Munich Re Automation Solutions Ltd, a provider of automated underwriting and analytics solutions to the life insurance industry, has unveiled an addition to its arsenal with the launch of the Interview Screens module for its automated underwriting point-of-sale solution, SARA. The SARA Interview Screens module, designed to be lightweight and flexible, ... Read the full article
Lloyd’s expands investment horizon with launch of US Direct Lending Fund
15th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of ... Read the full article
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