Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit March 26, 2024 Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re March 11, 2024 By L.S. Howard James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook January 2, 2024 AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M November 8, 2023 James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its...
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital September 29, 2023 AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone...
Tech Update: Conduit Re Uses hyperexponential’s Pricing Decision Intelligence Platform September 21, 2023 Conduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI...
Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Swiss Re Ordered to Pay Former Underwriter $1.6M for Sexism, Unfair Dismissal August 25, 2023 A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for...
Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private August 10, 2023 By L.S. Howard Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...