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Private investment firm JC Flowers & Co. (JCF) has entered into an agreement to acquire a controlling stake in Niyam Group and serve as the lead investor in Lloyd’s newly formed consortium Niyam Syndicate 2047. Launched by industry veteran Bobby Swarup earlier this year, Niyam is a GIFT City-based reinsurance platform that connects global capital…
Swiss Re, one of the world’s largest reinsurers, has developed and launched an online claims submission portal for life insurance beneficiaries in partnership with Pan American Life Insurance Group (PALIG), a provider of life, accident and health insurance across the Americas. Designed to expand digital access to the claims process, the new portal marks an…
Speaking to Reinsurance News, Amit Agarwal, Chief Executive Officer (CEO) and Managing Director (MD) of Howden India, explained that prices are expected to soften in some segments of the market ahead of April renewals due to ample capacity and increased competition; however, the reinsurer remains firmly committed to the long-term potential of the Indian market….
Willis, an insurance brokerage owned by WTW, has launched the Willis Excess Liability Lineslip (WELL) facility, an umbrella insurance solution designed to address the United States’ limited ability to cover large and complex casualty risks. The company explains that WELL facilities offer up to $50 million in combined primary umbrella and first-time deductibles, providing organizations…
Life insurance, pensions and asset management services provider Aegon has nominated Marco Keim to the ASR Supervisory Board The appointment, which will see Keim succeed Lard Friese as a non-independent member, reflects Aegon’s position as a significant shareholder with an approximately 24% interest in the Dutch insurance company. Prior to his nomination, Frith announced in…
Profitability in the property and casualty (P&C) reinsurance industry appears to have peaked as competition intensifies across all business segments, credit ratings and risk analytics provider Moody’s Ratings said. Moody’s reports that by 2025, the combined ratios of Europe’s four largest reinsurers, Hannover Re, Munich Re, SCOR and Swiss Re, will benefit from falling claims…
Conflict in the Middle East has disrupted supplies of raw materials in the Strait of Hormuz, sending commodity prices soaring. According to a recent Coface dispatch, the conflict triggered a “stalemate” that has had a significant impact on the oil and gas, fertilizers, petrochemical derivatives and aluminum markets. “The current escalation in the Middle East…
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden Group, has further strengthened its Latin America and Caribbean business with the appointment of Carlos Garcia as managing director and Karina Lopez as director. Howden Re said the appointments reflected growing demand for complex reinsurance solutions in both regions. Both executives are…
U.S.-based The Hartford Insurance Company has made multiple leadership updates across its international operations to continue to strengthen its position for long-term sustainable growth. Julian Samuel has been appointed head of first parties, responsible for leading the marine, energy and political violence and terrorism (PVT) businesses, as well as spearheading the company’s expansion into industrial…
Acrisure Re, the re/insurance arm of global fintech company Acrisure, has announced the promotion of Daniel Bruno to global head of actuarial management. In this new role, Bruno will unify Acrisure Re’s actuarial resources in New York, London, Toronto and Bermuda, further strengthening the company’s global platform and commitment to technology excellence and client partnerships….