September 29, 2023
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly created collateralized reinsurer. The launch was accompanied by a …
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 platform, hx Renew, Conduit Re is now able to rapidly develop and iterate its pricing models and rating landscape. Conduit …
September 8, 2023
Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd. In its first deal, Prismic is taking on $10 billion of structured settlement annuity …
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 sexual discrimination and unfair dismissal. Julia Sommer joined Zurich-based Swiss Re in 2017 as a political risk underwriter in London …
August 10, 2023
Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two more years. SiriusPoint and Loeb, who has about a 9.5% shareholding in the Bermuda-based specialty insurer and reinsurer, have entered …
July 28, 2023
Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly lower than the US$47 billion reported for the …
June 26, 2023
SCOR’s Board of Directors, which met on June 25, 2023, has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect. This decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a …
June 21, 2023
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to several leadership shake-ups. First there was the merger. Third Point Re merged with Sirius International Insurance …
June 2, 2023
Volante Global, a multi-class, multi-territory international MGA and Lloyd’s syndicate, has launched Volante Singapore, according to Asta, the Lloyd’s third-party managing agent. “The launch of Volante Singapore is an early milestone in our own expansion into Asia. The region represents …
May 26, 2023
“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …