Reinsurance News
Product Launch
Beat Capital Partners launches RedRiff in collaboration with Peter Wilkins as CEO
4th December 2023
Beat Capital Partners, a prominent long-duration investor specialising in the insurance industry, has unveiled its latest venture, RedRiff Agency Limited. RedRiff will function as a dedicated Accident & Health (A&H) underwriter, offering comprehensive coverage across a spectrum of specialised A&H insurance and reinsurance. The operations of RedRiff will be conducted through a ... Read the full article
Marsh McLennan and Oliver Wyman launch Generative AI tool, LenAI
22nd November 2023
Global professional services firm Marsh McLennan, along with its renowned management consulting business, Oliver Wyman, has unveiled a cutting-edge Generative AI tool named LenAI. Developed by Marsh McLennan’s Dublin Innovation Center in collaboration with Oliver Wyman Digital, LenAI is poised to revolutionise the work experience for the company's 85,000 colleagues worldwide, ... Read the full article
Verisk launches FairCheck to address regulatory scrutiny and ensure fair insurance pricing
20th November 2023
Global data analytics and technology provider, Verisk, has introduced FairCheck, a comprehensive solution aimed at helping insurers assess their personal lines models and variables to address regulatory changes. FairCheck offers a customisable and scalable methodology along with consultative services to evaluate and mitigate the potential for unfairly discriminatory outcomes, especially in ... Read the full article
WTW launches D&O insurance solution called A-Star
15th November 2023
Global insurance broker WTW has unveiled its latest innovation in the insurance sector with the launch of A-Star. This cutting-edge excess layer Directors' & Officers' (D&O) insurance solution is designed to provide exclusive benefits and comprehensive protection for directors and officers, addressing the evolving needs of clients in a dynamic business ... Read the full article
McGill and Partners launches self-contained coverage for corporate insolvency called SAIFElimits
6th November 2023
McGill and Partners, the global boutique specialist (re)insurance broker, has launched a ready-made and self-contained coverage solution for corporate insolvency, known as SAIFElimits. This innovative offering is designed to seamlessly integrate into primary directors' and officers' ("D&O") policies, automatically triggering coverage upon the occurrence of an insolvency event. SAIFElimits is specifically engineered ... Read the full article
Boost Insurance launches risk transfer platform Boost Re
25th October 2023
Boost Insurance has unveiled Boost Re, a risk transfer platform, further enhancing its comprehensive insurance-as-a-service stack. This development promises substantial advantages for both Boost's clientele and reinsurance partners. For Managing General Agents (MGAs), insurtech firms, and embedded insurance providers, Boost Re introduces a turnkey captive-as-a-service solution, presenting a highly cost-effective avenue for ... Read the full article
KCC unveils RiskInsight Version 4.13 with innovative features
24th October 2023
Global catastrophe risk modeller, Karen Clark & Company (KCC), has announced the launch of RiskInsight Version 4.13, the latest update to the RiskInsight open loss modeling platform, that gives insurers and reinsurers the ability to track claims and losses in real-time from live hurricanes. This latest iteration introduces major improvements ... Read the full article
USQRisk launches cyber insurance MGA called Pera
13th October 2023
USQRisk, an international managing general agent specialising in alternative risk transfer solutions, has introduced a new managing general agent (MGA) called Pera. Pera is set to provide cyber insurance and blended cyber and technology Errors & Omissions (E&O) insurance to large corporate risks domiciled in the United States. This marks the first ... Read the full article
Former Axis exec Matson to lead newly launched Altea Insurance
1st August 2023
Altea Insurance, a provider of combined insurance and risk management solutions for the medical, allied health, and care sectors, has officially launched under the leadership of former senior Axis executive Carly Matson as CEO. Headquartered in London, the company is backed by Mission Underwriters UK & Europe, and its cutting-edge approach ... Read the full article
Inver Re forms Bermuda-based re/insurer & segregated accounts company
10th July 2023
Inver Re has announced the set up of a Bermuda-based Class 3 re/insurer and segregated accounts company, Inver Re (Bermuda) SAC Ltd. According to the firm, Inver Re (Bermuda) SAC Ltd. (Inver SAC) was registered in Bermuda by the regulator the Bermuda Monetary Authority (BMA) on May 24th 2023. Inver Re told ... Read the full article
Tokio Marine introduces Global Digital Market Intelligence Platform
7th July 2023
Tokio Marine Holdings has introduced a group-wide market intelligence platform to support operations related to collaboration with external companies. According to Tokio Marine, the system allows the firm to share information, including the status of search and scouting for potential future business partners, as well as meeting minutes. "As open innovation is ... Read the full article
Sedgwick launches power & energy division in the UK
22nd June 2023
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has launched a new power and energy division in the UK, which will be led by industry veteran David Ward. Sedgwick states that the division will focus on claims affecting the energy and power sectors, with the capabilities to ... Read the full article
WTW launches new Data Science Consultancy unit
4th May 2023
WTW has announced the launch of a new Data Science Consultancy unit to "help insurers unlock huge untapped value from their data." The new consultancy, which will exist within WTW’s Insurance Consulting and Technology (ICT) business, will specialise in helping insurers extract greater value from data science to drive better business ... Read the full article
SRG launches Specialist Risk Europe
25th April 2023
Specialist Risk Group (SRG) has launched Specialist Risk Europe, a new platform for its European operations, headquartered in Dublin, Ireland. SRG states that this announcement reinforces its commitment to its growth strategy and will build upon the success of the firm's existing specialisms. Lee Anderson, SRG Group Deputy CEO, commented, "We are ... Read the full article
Bermuda-based reinsurance broker ReFlex Solutions launches
8th March 2023
Industry veteran Neville Ching has launched ReFlex Solutions Ltd, an independent reinsurance brokerage with operations in Bermuda and plans for expansion into London and the USA. Ching, CEO and Founder of ReFlex, commented, “ReFlex has been a year in the workshop, and I am delighted to be opening this new venture. "In this ... Read the full article
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