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Moody’s Ratings has maintained its stable outlook for the global reinsurance sector, citing strong balance sheets, improved reserve adequacy, robust profitability and continued underwriting discipline, even as pricing conditions soften across the market. Moody’s recent report noted that reinsurers are entering the next phase of the market cycle from a position of strength. Reinsurers’ robust…
We don’t need to tell you this: tech is expensive. Keeping up to date with the latest gadgets can put a serious dent in your wallet, but the price tag doesn’t do much to quell our desires for a new phone. Especially when one as enticing as the Google Pixel 11 Pro drops. Available for…
Reinsurance capital continues to build, creating a favourable environment for insurers but placing greater pressure on reinsurers to demonstrate the value they bring to clients, according to Laurent Rousseau, CEO of Global Capital & Advisory, and Europe and IMEA at Marsh Re. Speaking ahead of the Monte Carlo Rendez-Vous, Rousseau said the continued growth in…
Hannover Life Reassurance Company of America (Hannover Re US) has appointed Sean Conrad as Vice President (VP) and Head of Traditional Life Pricing and Data Analytics, effective immediately. In his new role, Conrad’s remit within the traditional life solutions will include traditional pricing, data analytics, and accelerated underwriting. He will also support growth and the…
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced that SRS Altitude has been approved as a Lloyd’s Coverholder. SRS Altitude is an independent entity under the SRS umbrella, specialising in Alternative Risk Transfer solutions designed to address the increasingly complex risk management challenges and needs of corporate clients across industries. SRS Altitude’s…
International General Insurance Holdings Ltd. (IGI) has announced the launch of Bermuda-based Cipher Underwriting Ltd., a specialty treaty reinsurance managing general agent (MGA) that will provide dedicated cyber treaty underwriting expertise and solutions globally, led by reinsurance specialist Ari Chatterjee. IGI explained that Cipher’s launch represents an important milestone in the firm’s strategy to expand…
Victoria Ohorodnyk, Senior Director, Head of Analytics, AM Best, explains that international reinsurers are expected to absorb a significant share of the overall modest insured losses from the devastating flash floods in Nepal, driven by the fact the country’s non-life insurance market relies heavily on reinsurance capacity to underwrite catastrophe risks. In its commentary, “Nepal’s…
Hong Kong-domiciled global reinsurer Peak Re has appointed Nattakorn Wattanaumphaipong as the Global Head of Distribution and Partnerships. Wattanaumphaipong brings over two decades of industry experience, having held senior leadership roles in management, reinsurance underwriting, and business development across Asia Pacific. Most recently, he served at the Great American Insurance Group as the Head of…
Bamboo Insurance Services, Inc., an AI and technology-enabled, underwriting-first and capital-light homeowners insurance Managing General Underwriter (MGU), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A common stock. While the number of shares to be offered…
You know those days when you’re feeling lazy? Maybe you have a day of meetings, or you’re meeting a friend for a post-work drink, but the idea of putting on a full face of makeup feels like more work than your actual job. Hard relate. While I’m wedded to a winged eyeliner and mascara look…