Reinsurance News
Reinsurance News
Reinsurance industry news, analysis, insight and interviews.
Reinsurance market news coverage provided everyday, on the top reinsurers and insurers, covering news topics of relevance to the reinsurance sector, as well as commercial and specialty insurance.
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
Ariel Re leverages Lockton Re’s SAGELink for enhanced placement efficiency
15th August 2024
Lockton Re, the reinsurance division of a privately-owned independent insurance broker, has announced a new partnership with global reinsurer Ariel Re. This collaboration will allow placements to be made through Lockton Re’s SAGELink, an API-driven electronic placement system. Claude Yoder, Global Head of Analytics at Lockton Re, commented: "Continuing our investment in ... Read the full article
Reinsurers could cover around 4/5th’s of losses related to Hurricane Beryl in the Caribbean
14th August 2024
Reinsurers are expected to cover around four-fifths of the loss in insured property damage caused by Hurricane Beryl in the Caribbean, which is estimated US$500-million, according to Ian Chinapo, Head of Guardian Holdings Limited (GHL), a local insurer. On July 1, Hurricane Beryl made landfall on the island of Carriacou in ... Read the full article
While reinsurance appetite increases, ILS investors appetite in wildfire-exposed transactions remains moderate: GC
14th August 2024
As the California property market experiences a dynamic and challenging time, it faces an escalating risk of wildfires, a peril that needs multiple perspectives in order to understand it, experts stated during Guy Carpenter's recent California Summit event. During the event it was also noted that while reinsurance appetite has increased ... Read the full article
Miller appoints Cedric Thevenot as Account Executive for Sports & Entertainment
13th August 2024
Miller, the independent specialist reinsurance and insurance broker, has appointed Cedric Thevenot as an Account Executive for Sports and Entertainment, effective September 2nd 2024. He is based in Paris, working closely with Didier Loiseau, Head of Miller Sport, and Miller’s wider Sports and Entertainment team. Thevenot's appointment builds on the broker's European ... Read the full article
VINARE reports 8.2% y-o-y revenue increase in H1’24
12th August 2024
Vietnam National Reinsurance Corporation (VINARE) has announced its financial results for the first half of 2024, reporting a total revenue of VND1,696 billion, around $68 million dollars, an 8.2% increase year-on-year and attaining 58.1% of the yearly target. The firm’s gross written premium amounted to VND1,607 billion, around $64 million, reflecting ... Read the full article
Bloomberg Intelligence highlights gap in reinsurers’ midyear renewals and catastrophe losses
9th August 2024
Reinsurance companies Munich Re and Swiss Re may benefit from higher reinsurance-policy retention, but a recent report from Bloomberg Intelligence (BI), the research division of Bloomberg L.P., suggests that current pricing does not fully account for the risks tied to rising sea temperatures during this hurricane season. BI notes that midyear ... Read the full article
AM Best upgrades Dunav-Re’s ratings, reflecting strong financial performance
8th August 2024
AM Best, the credit rating agency, has upgraded the ratings for Serbian reinsurance company Dunav-Re a.d.o, raising its Financial Strength Rating from B+ (Good) to B++ (Good) and its Long-Term Issuer Credit Rating from “bbb-” (Good) to “bbb” (Good), with the outlook adjusted from positive to stable. These upgraded ratings are ... Read the full article
Everest Insurance names Brian Zink Head of Specialty Underwriters and US Financial Lines
8th August 2024
Everest Group, Ltd., a provider of reinsurance and insurance solutions, has announced that its insurance division, Everest Insurance, has appointed Brian Zink as Senior Vice President, Head of Everest Specialty Underwriters (ESU) and US Financial Lines. Zink will report directly to Bill Hazelton, Executive Vice President of Everest Insurance and President ... Read the full article
Howden partners with Ultimate Risk Solutions to enhance risk management capabilities
7th August 2024
Global insurance intermediary group Howden has strategically partnered with Ultimate Risk Solutions (URS) to utilise their advanced risk-management suite, encompassing economic and regulatory capital management, asset modelling, enterprise risk management (ERM), reserving, and price optimisation. Alex Bushel, Founder and Chief Executive Officer, URS, commented: "Our partnership with Howden is further evidence ... Read the full article
Talcott Financial Group reveals its first flow reinsurance agreement in Japan
31st July 2024
Talcott Financial Group, an international life insurance company known for providing extensive risk solutions, has announced a flow reinsurance agreement involving its subsidiary, Talcott Life Re, Ltd., and The Dai-ichi Frontier Life Insurance Co., Ltd., a Japanese life insurance company. As part of the agreement, Talcott Life Re will reinsure Dai-ichi ... Read the full article
AM Best revises outlook for Palomar and subsidiaries to stable
31st July 2024
AM Best, the global credit rating agency, has revised the outlook to stable from positive and upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb-” (Good) of Palomar Holdings, Inc., the insurance holding company and its subsidiaries. The subsidiaries include Palomar Specialty Insurance Company (PSIC), Palomar Excess ... Read the full article
Arch Capital’s underwriting income up 26% in Q2’24
31st July 2024
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported strong group-wide underwriting income growth of 25.7% for Q2 2024 to $762 million, compared with $606 million in Q2 2023, driven by an improved underwriting performance in its reinsurance division. Group-wide, gross premiums written (GPW) were $5.4 billion for the quarter, ... Read the full article
Number of re/insurance companies based at the DIFC grows 14% in H1’24
30th July 2024
The number of insurance and reinsurance companies based in the Dubai International Financial Centre (DIFC) has grown to 125 companies, up from 110, the centre has reported in its results for the first half of 2024. An international financial hub in the Middle East, Africa and South Asia (MEASA), Dubai-based DIFC ... Read the full article
SiriusPoint forms new strategic partnership with Hellenic Hull
29th July 2024
SiriusPoint Ltd., a global insurer and reinsurer specialising in niche markets, and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership. HMA has been influential in the Greek and Cypriot shipping sectors for the past 30 years. It is noteworthy for ... Read the full article
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