Reinsurance News

UnipolRe

DARAG and UnipolSai form service partnership

17th June 2024

DARAG Group, a (re)insurance specialist in discontinued business and capital and operational relief, has entered into a service agreement with UnipolSai Assicurazioni S.p.A. (Unipol), an Italian insurer within the Unipol Group. Unipol is a major player in non-life insurance and motor vehicle third-party liability (TPL) in Italy. Under this agreement, DARAG Deutschland ... Read the full article

Reinsurers lose key Covid business interruption case

14th February 2024

In a landmark decision, the UK Commercial Court has ruled in favour of insurer's Covéa and Markel on a non-damage business interruption case linked to the COVID-19 pandemic. The dispute was between the two insurers and their respective reinsurers, Markel's being General Reinsurance AG, and Covéa's UnipolRe Designated Activity Company. The ruling ... Read the full article

Moody’s assesses Italian insurers after downgrading government outlook

11th August 2022

Following Moody’s change in outlook on the government of Italy (Baa3) to negative from stable, the agency has taken a number of rating actions on three Italian insurers and related subsidiaries. Generali’s A3 insurance financial strength rating (IFSR) was affirmed with a stable outlook; and a similar action was taken on ... Read the full article

UnipolRe promotes John Scully to CUO

1st July 2021

Ireland-based reinsurer UnipolRe, owned by Italian financial services group UnipolSai Assicurazioni, has appointed John Scully as its new Chief Underwriting Officer. Scully has been promoted from his role as a Senior Underwriter in the business. He joined UnipolRe in October 2019 as an Underwriter and previously worked for TransRe as an Underwriter ... Read the full article

UnipolRe automates internal systems with NIIT Technologies’ Navigator

29th November 2017

UnipolRe has adopted NIIT Technologies' Navigator portal solution - an underwriting platform which delivers full pre-bind workflows with submission and quote administration capabilities. The Navigator system allows UnipolRe to simplify its pre-bind business processes and automatically integrate with its back office post-bind system. Manuela Mangiagalli, Chief Operations Officer (COO) of UnipolRe, said the ... Read the full article