Distinguished Programs expands into reinsurance market with new Antares Re-backed platform
National MGA and insurance program manager Distinguished Programs has expanded into the reinsurance market with the addition of Distinguished Reinsurance (DistinguishedRe), a new platform focused on property reinsurance, led by Frank DiPaola. With more than 25 years of reinsurance experience,…
Hyperscale data centres a growing but increasingly selective opportunity for re/insurers: S&P
As hyperscale data centre campuses push construction-phase total insured values into the $20 billion–$50 billion range, markets are adjusting to a step-change in asset scale, with S&P highlighting a growing but increasingly selective opportunity for re/insurers. A new report from…
Lumos Insurance adds Kenny as MD & SVP, Global Retirement and Protection
Lumos Insurance, a wholly owned subsidiary of Hoplon Capital, a financial services holding company, has appointed Tom Kenny as Managing Director (MD) and Senior Vice President (SVP) of Global Retirement and Protection to establish its global reinsurance operations. In his…
US flood landscape a strategic opportunity for incumbents and disruptors alike: Vardigans, Fathom
Harry Vardigans, Head of Insurance at Fathom, has suggested the US flood insurance market presents a “profound opportunity” to both reimagine existing and innovate new flood risk products ahead of the July 1 reinsurance renewals. Speaking with Reinsurance News in…
Pacific Life Re completes third asset-intensive block reinsurance deal with Anshin Life
Life reinsurer Pacific Life Re has announced its third asset-intensive block reinsurance deal with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. Focused on in-force whole of life policies,…
Fitch maintains neutral outlook for global insurance sector despite uncertain conditions
Resilient business conditions across most insurance markets have continued in the face of mounting pressure from the US–Iran war, weaker economic growth, higher inflation, and rising government bond yields, leading Fitch Ratings to remain ‘neutral’ on the global insurance sector…
ANV expands workers’ compensation platform with ASIA acquisition
ANV Group Holdings Ltd., a global insurance intermediary platform, has announced the completion of its acquisition of Associated Specialty Insurance Agency LLC (ASIA), a wholesale commercial insurance agency focused primarily on workers’ compensation insurance. Founded in 1994 and headquartered in…
United Insurance Brokers strengthens binder division with appointment of Kevin Webb
United Insurance Brokers (UIB), an international independent insurance and reinsurance broker, has appointed Kevin Webb as Divisional Director – Binders, reinforcing the company’s focus on expanding its transportation and US binder capabilities. Webb joins UIB with over 25 years of…
Consilium introduces Scriptus commercial binding facility for UK brokers
Consilium, a specialty re.insurance broker, has launched Scriptus, a newly established platform designed to provide brokers with access to an exclusive complex commercial binding facility. The new offering has been created to give UK brokers access to A-rated capacity, competitive…
Arch Insurance International names Kendra Felisky as Chair of the Boards of AIUK & AMAL
Arch Insurance International has named Kendra Felisky as Chair of the Boards of Arch Insurance (UK) Limited (AIUK) and Arch Managing Agency Limited (AMAL), following the retirement of Patrick Storey from the role. Felisky is a highly experienced Independent Non-Executive…