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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independent, Texas-based MGAs. In addition to broadening its presence and operational capabilities in the country, this transaction firmly positions the combined company as a pre-eminent player in the specialty-insurance market across North America, Revau...
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Italian headquartered insurer Generali has returned to the insurance-linked securities (ILS) market sponsoring a catastrophe bond issued by Lion Re DAC that comprises two classes of notes for a total of €200 million covering windstorms in Europe and earthquakes in Italy. The Series 2025-1 Notes have been placed with capital markets investors in a Rule 144A offering.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Hurricane associated risks are distorting property markets in locations previously considered stable, not due to direct storm impact, but due to escalating insurance challenges, a recent report by Cotality has revealed. The 2025 Hurricane Risk Report highlights that homeowners in these unexpected areas are dealing with a number of challenges, including diminishing property values, and difficulties selling their homes.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
International specialist insurer Hiscox has announced the appointment of Peter Clarke as the Group’s new Chair designate, subject to regulatory approval. Clarke is set to take over the Board as Chair designate on June 1, 2025, succeeding Colin Keogh as Chair from July 1, 2025. The executive brings extensive experience from FTSE-listed financial services, having spent much of his Executive career in banking and investment management.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new division, a UK-based role, and will be joining the company upon completing his notice period. Wylie brings over 15 years of specialised experience in International Casualty, joining from Convex, where he serves as Class Underwriter for five years.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Global Captive Management, Ltd. (GCM) has announced the launch of ‘Outcomes SPC’, a new solution that will offer businesses a cost-effective, streamlined way to enter the captive insurance space. This will allow younger, smaller, or more entrepreneurial companies to take control of their coverage needs, and benefit from GCM’s extensive industry experience.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Insurer and reinsurer Markel is expanding mea Platform’s generative AI (GenAI) solution to Canada, where it will be applied across Markel Canada’s underwriting operations to automate the extraction of unstructured data from submission-related documents. This move follows the successful deployment of the solution within Markel’s London Wholesale operations. The re/insurer initially partnered with mea, an AI-driven platform for insurers in July 2024.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Novel Financial Holdings, a new independent holding company that will oversee insurance carriers supporting managing general underwriters (MGUs), has launched with former PartnerRe CEO Jacques Bonneau as Chairman and Howden Re’s Rob Bredahl as CEO. The executive team also includes Chris Coleman as Chief Financial Officer and David Drury as Head of Analytics & Risk. A highly regarded leader within the global re/insurance sector, Bonneau retired as CEO and President of PartnerRe in March 2024.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
Hannover Re has announced the appointment of Gavin Maguire as Global Head of the reinsurer’s newly established division, L&H Traditional Business. Maguire offers valuable strategic insight and a collaborative approach, drawing on his deep expertise in business development, pricing, underwriting, data analytics, claims, and technical accounting, underpinned by a strong actuarial background.
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1 week ago | 
reinsurancene.ws | Kassandra Jimenez-Sanchez
AXIS, a provider of specialty insurance and reinsurance solutions, has announced a number of organisational changes to further enhance underwriting and operational performance within AXIS Global Markets. Sara Farrup, Head of Global Markets, commented: “As part of AXIS’s commitment to continual progress and leadership in specialty, we are aligning several of our Global Markets teams where we see clear pathways to work more collaboratively and effectively together.
