Archives for September 2024

Analysts at RBC Capital Markets (RBC) predict that insured losses from Hurricane Helene could range from mid-single-digit billions to as high as double-digit billions. Hurricane Helene made landfall in Florida’s Big Bend region on Thursday, September 26th, as a powerful Category 4 storm. This marks the third hurricane to strike the area in the past […]

Bishop Street Underwriters, the multi-boutique insurance platform owned by RedBird Capital Partners, has announced that it has made a strategic equity investment in Verve Services, a full-service auto insurance managing general agency (MGA). This partnership marks Bishop Street’s entry into the Specialty Private Passenger Auto sector. With this equity investment, Verve is well-positioned for continued […]

Amphitrite Underwriting London, a specialist in marine MGA, has announced the appointment of Fadi Faysal as Cargo Underwriter. Faysal, who will be working with Scott Sykes, Head of Cargo, brings over 15 years of extensive global experience in both cargo insurance broking and underwriting, with a particular focus on the Middle Eastern market. Sykes said: […]

The importance of working with local re/insurers in Central and Eastern Europe (CEE) countries like Poland is crucial to improve capacity, especially with big infrastructure and energy projects ahead, Tomasz Libront, CEO of Smartt Re, commented in a recent interview with Reinsurance News. The CEE region is entering a new era of growth, highlighted by […]

With the increase of extreme natural catastrophes, the importance of re/insurance in providing creative risk management solutions for climate-related disasters has become clear despite concerns that some of these risks can be uninsurable, Rupert Pleasant, Chief Executive, Guernsey Finance, highlights. “It’s no secret that natural catastrophes have become more frequent and intense in recent years, […]

Tokio Marine Kiln (TMK), an insurer in special risks underwriting, and Marsh, an insurance broker and risk management expert, have jointly announced the launch of an exclusive insurance facility for ports and terminals, providing protection against business interruptions stemming from trade disruptions. The new offering, described as the first of its kind available on the […]

Aspen Insurance Group has announced the promotion of G. Robert Walters to SVP and Head of Property Treaty at Aspen Re America, effective October 1st. Walters, who has over three decades of experience in the insurance industry, will be based at Aspen’s Rocky Hill office and will report to Scott Kreuzer, Senior Managing Director at […]

Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure community, positioning Tredder as a key player in the specialty adventure vehicle market. The new product offers comprehensive coverage for vehicle modifications, campers, […]

As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one billion-dollar wildfire event in eight of the past 10 years. In contrast, such significant losses occurred in only five […]

Lloyd’s syndicate AEGIS London has recruited Jeremy Smart as a Class Underwriter within its International Casualty team, reporting to Stephen Merrick. In his new role, Smart will be responsible for a mix of territories with an emphasis on Australia and Canada. He returns to AEGIS London following a nine-year stint heading up the international team […]