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Travelers increases ceded percentage to cyber quota share reinsurance: CFO Frey

US primary insurer Travelers has expanded the amount of risk it cedes through its cyber quota share reinsurance treaty, a strategic move designed to manage risk exposure that will dampen top-line premium growth through 2027 while leaving bottom-line profitability largely unaffected. “Effective October 1st, we increased the percentage ceded to our cyber reinsurance quota share. That…

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DARAG complete portfolio transfer from Deutsche Bahn captive DVA Re

Legacy acquirer DARAG Group has completed the transfer of third-party liability reinsurance portfolio from DVA Reinsurance dac (DVA Re), a captive reinsurance vehicle of German mobility and rail logistics group Deutsche Bahn AG. Covering policies underwritten between 2000 to 2017, the transaction allows DVA Re to free up capital and eliminate long-term liability risk. Tom…

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NMS Capital launches specialty MGA, Ascendra

Private equity firm NMS Capital Group has launched Ascendra Specialty Inc., a technology-driven, full-service managing general agency and program manager. The new MGA reportedly specialises in bespoke insurance programmes across defined market segments, providing underwriting expertise, delegated authority and claims stewardship on behalf of its carrier partners. NMS said Ascendra’s launch builds on its insurance-sector…

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What To Do When You’re Too Tired To Workout

Everyone knows that exercise is important for maintaining good health, especially as we age. Per the NHS, adults should be doing “some type of physical activity every day”. In your average week, this might look like strength training activities on at least two days, 150 minutes of moderate intensity activity (or 75 mins of vigorous…

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Ariel Re adds Tamsin Webster as Chief People Officer

Ariel Re, a global reinsurance business, has appointed Tamsin Webster as Chief People Officer. Most recently, she served at ECI Partners as Head of People, establishing the firm’s first internal HR function and strengthening its leadership succession planning. Webster has over two decades of experience in global human resources leadership across financial services, technology and…

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Will Below Get A Season 2 On Netflix? Josh Hartnett Shares His Thoughts

The supernatural Canadian drama Below has become an unexpected hit for Netflix. Below follows a fisherman, played by Josh Hartnett, who fights to protect his family from a mysterious, sea-bound force that terrorises his tight-knit community. After debuting on the platform last month, the spooky thriller broke records, becoming the most-watched Netflix Canada project ever…

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