Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market March 13, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Ariel Re Raises $270M of Capital to Support Growth Opportunities March 6, 2023 Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits February 7, 2023 Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1...
Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit February 2, 2023 Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and...
Swiss Re’s CUO Léger Appointed CEO of SCOR, as Rousseau Steps Down January 26, 2023 The SCOR Board of Directors has appointed Swiss Re’s Chief Underwriting Officer Thierry Léger as chief executive officer of SCOR....
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance January 24, 2023 Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly...
Munich Re to Launch Specialty Insurance Division December 16, 2022 Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above December 5, 2022 Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a...
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to ‘A+’ November 21, 2022 S&P Global Ratings announced that the rating agency is lowering the “AA-” financial strength and long-term issuer credit ratings for...