News

  • Northern Re sees strong start to operations amid warm welcome from market
    by Kane Wells on 21/06/2024 at 3:00 PM

    Cayman Islands-based Northern Re has enjoyed a strong start to its operations, receiving a “very warm welcome” from the market in 2023, and anticipates that conditions will continue to improve into 2025, driven by the ongoing growth trajectory of the MGA and program markets. Northern Re’s comments stem from an interview with Reinsurance […]

  • Southern New Mexico wildfires bring potential for hundreds of millions in losses: Aon
    by Taylor Mixides on 21/06/2024 at 2:30 PM

    Aon, a professional services firm specialising in risk management and insurance solutions, has underscored in their weekly catastrophe report the significant economic impact of the ongoing wildfires in southern New Mexico, where potential losses could soar into the hundreds of millions of dollars. Recent wildfires have devastated southern New […]

  • CAPE to enhance AI-powered property intelligence products with Vexcel partnership
    by Kassandra Jimenez-Sanchez on 21/06/2024 at 2:00 PM

    CAPE Analytics, a provider of AI-powered property insights, has partnered with Vexcel, a provider of aerial imaging, to increase its coverage to over 99% of US households and adds access to post-disaster imagery. The new partnership provides CAPE with aerial imagery at a resolution, accuracy, coverage, and recency to boost its property insights […]

  • ISC hires Dimitri Robert as Chief Technology Officer
    by Jack Willard on 21/06/2024 at 1:30 PM

    Integrated Specialty Coverages (ISC), the multi-line program administrator, has appointed Experian’s Dimitri Robert as Chief Technology Officer (CTO). In his new role, Robert is expected to head ISC’s engineering department, as well as develop tech strategies that align with the company’s growth and financial goals. An experienced veteran […]

  • Softening pricing in US directors & officers insurance as premiums decline: AM best
    by Taylor Mixides on 21/06/2024 at 1:00 PM

    Strong underwriting performance in the US directors and officers (D&O) liability insurance market is expected to put downward pressure on rates due to reduced demand in this segment, according to a recent report by credit rating agency AM Best. Based on findings from Best’s Special Report, direct premiums in the monoline directors and […]

  • Howden places first W&I policy for Mere Plantations carbon credits sale
    by Kassandra Jimenez-Sanchez on 21/06/2024 at 12:30 PM

    Howden, a global insurance intermediary group, has announced the launch of the first Warranty & Indemnity insurance policy for the sale of carbon credits for the reafforestation project of degraded forest lands by Mere Plantations. UK-based Mere Plantations owns and operates a teak plantation in Ghana, West Africa, and has been underwritten by […]

  • MAPFRE USA promotes Olohan to Chief Operating Officer
    by Jack Willard on 21/06/2024 at 12:00 PM

    Industry veteran Daniel P. Olohan has been promoted to Chief Operating Officer (COO) of MAPFRE USA, effective August 1, 2024. Olohan has been with the firm since 2006, and has served as General Counsel and Secretary since 2008. As well as taking on this new role, Olohan will also join the Board of Directors of MAPFRE The post MAPFRE USA promotes […]

  • AXA and HK Express partnership to provide travellers hassle-free journeys
    by Kassandra Jimenez-Sanchez on 21/06/2024 at 11:30 AM

    AXA Hong Kong and Macau has entered into an exclusive partnership with HK Express Airways to offer tailored protection to enable HK Express customers enjoy hassle-free journeys. Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Macau, said: “AXA has been actively expanding its insurance ecosystem and is committed to being a true […]

  • ISC introduces New Marine Division with seasoned industry experts
    by Taylor Mixides on 21/06/2024 at 11:00 AM

    Integrated Specialty Coverages (ISC), a programme administrator based in Carlsbad, California, specialising in creating comprehensive insurance solutions using advanced artificial intelligence (AI) and data analytics, has recently introduced its new Marine Division. This division is led by experienced industry professional Kevin Wolfe, along with […]

  • S&P upgrades REVO Insurance rating to A-
    by Kassandra Jimenez-Sanchez on 21/06/2024 at 10:30 AM

    S&P Global Ratings has raised REVO Insurance, S.p.A.’s, an Italian insurer specialised in parametric policies and specialty lines, rating from BBB+ to A- with a stable outlook. According to the rating agency, the upgraded rating reflects the insurer’s “profitable growth across all the business lines maintaining its leadership in the […]

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