Carrier

Insurance brokerage firm, Brown & Brown has announced one of its subsidiaries has acquired the assets of The Canopy Group, a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Situated in Le Sueur, Minnesota, The Canopy Group caters to the needs of over 16,000 customers across the […]

The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace. Neal’s comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also featured the French reinsurer’s […]

Vaibhavi Mehta has joined CCR Re as Director of Underwriting (Life), a Paris-based role, following her year tenure at Reinsurance Group of America (RGA). Mehta brings to her new role 17 years’ experience within the field of reinsurance and consultancy, during which time she held management positions within large international companies. Her career has seen […]

Jefferies, a global investment banking firm, forecasts a significant rebound in the Insurance-Linked Securities (ILS) market, with CAT bond issuance expected to grow in 2023-2024 and expand into other ILS vehicles by 2025. The firm anticipates the ILS market could double from approximately $100 billion to $200 billion by 2032. This growth is expected to […]

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 […]