P&C Insurance

Howden Re, the reinsurance arm of Howden, has announced the appointments of Paul Nicholson and Dominic Riley to its Aviation and Space team within the Global Specialty Reinsurance division. These appointments are set to enhance Howden Re’s Global Specialty Reinsurance division, which has seen significant growth since its establishment two and a half years ago […]

According to AM Best, the global credit ratings agency, the US nonstandard auto insurance segment has posted a slight profit for the first half of 2024, following two years of unprofitable but improving results. A new report released by the agency states that the results of the companies that comprise AM Best’s private passenger nonstandard […]

Swiss Re’s Frederico Knapp has been appointed Chief Financial Officer (CFO) of IRB-Brasil Resseguros S.A. (IRB Re). Knapp will reportedly join the firm on December 20, 2024, replacing Marcos Pessôa de Queiroz Falcão, who will remain as Chief Executive Officer and Investor Relations Officer of the business. IRB Re confirmed that Knapp’s appointment is for […]

Specialty insurance carrier Relm Insurance has officially launched its own managing general agent (MGA) in the US, licensed in all 50 states with locations in Miami, New York and Pennsylvania.  It’s worth highlighting that Relm is the first specialist insurer of global emerging industries to launch such an initiative in the United States. With its new domestic presence […]

Specialist data analytics solutions provider Optalitix has formed a strategic partnership with PwC to enhance implementation services and support for users of Optalitix Quote, the company’s underwriting and pricing platform for insurers. This collaboration combines Optalitix’s advanced technology with PwC’s actuarial expertise and contract services in the insurance sector, focusing on insurers at Lloyd’s and […]

Moody’s Ratings has issued a stable outlook for the US life insurance sector in 2025, citing steady economic growth, and sustained high interest rates as key drivers. Moody’s forecasts that the US economy will grow at a pace of 2% in 2025 and 1.8% in 2026, while also expecting long-term interest rates to remain elevated. […]

American Integrity Insurance Group, a provider of residential property insurance in Florida, has announced the promotion of Jon Ritchie to President. Ritchie, who joined the company in 2019 as Chief Operating Officer, has reportedly been instrumental in driving American Integrity’s growth and success, thanks to his leadership and strategic vision. In his new role, the […]

A new paper from Hymans Robertson, a leading pensions and financial services consultancy, advises trustees of defined benefit (DB) pension schemes to look beyond price when selecting an insurer for buy-in or buy-out transactions. While cost remains a critical factor as schemes approach buy-out and wind-up, the report highlights the importance of considering non-price factors […]

A recent report from Bloomberg Intelligence (BI), the research division of Bloomberg, European general insurers’ debt-to-equity ratios indicate that they have the financial capacity to pursue acquisitions in 2025. These acquisitions are expected to focus on strengthening existing market positions, much like the moves made by Generali and Sampo this year. This cautious strategy likely […]

BMS, an independent insurance and reinsurance broker, has announced the appointment of three new senior energy industry experts to its fast-growing energy team in London: Charlotte Marsh, Jack Palmer, and Toby Hanington. Marsh, who has been appointed divisional director, is joining BMS Energy from Price Forbes and brings to her new role a decade of […]