Reinsurance sector now “improving”, but softening expected from 2025: Fitch

[ad_1] In revising its outlook on the global reinsurance sector outlook to ‘improving’ from ‘neutral’ to reflect the sector’s strengthening financial performance into 2024, Fitch Ratings has also cautioned that with capital building again, not least in catastrophe bonds and ILS, a gradual softening of the market can be expected from 2025.So, while things are … Read more

Florida wind ILW traded on Cerchia’s direct risk transfer platform

[ad_1] Swiss-headquartered fintech Cerchia said today that the first risk transfer arrangement has now been traded on its capital markets focused direct risk transfer platform, with a buyer and seller coming together to trade a $100bn PCS trigger Florida wind industry-loss arrangement.Cerchia’s platform is a peer-to-peer digital tool that allows protection buyers to access institutional … Read more

Vesttoo collateral fraud case could drive flight to quality: Fitch

[ad_1] Commenting on some of the happenings across the global reinsurance market today, in advance of next week’s Monte Carlo Rendez-Vous, rating agency Fitch said that it believes the Vesttoo collateral fraud case could drive a flight to quality and also reduce the use of letters-of-credit (LOCs) across the reinsurance industry.Court action is ongoing, in … Read more

Howden Tiger appoints Aon’s Tim Radford as Exec Director, Capital Solutions

[ad_1] The reinsurance arm of Howden Broking Group, Howden Tiger, has hired Tim Radford from insurance and reinsurance broker Aon as Executive Director, Capital Solutions.Radford will report to Vijay Mavani, the Managing Director of the company’s Capital Solutions unit. While at Aon, Radford served as a broker within the firm’s Capital Advisory team with a … Read more

Texas Mutual announces new board member, dual reappointments

[ad_1] Texas Mutual announces new board member, dual reappointments | Insurance Business America Workers Comp Texas Mutual announces new board member, dual reappointments “Our leadership team and board share a deep commitment to serving this great state” Workers Comp By Kenneth Araullo Texas Mutual has named Gary Gibson from Houston and reappointed Kristi Koncaba from … Read more

HUB announces newly created EVP role

[ad_1] HUB announces newly created EVP role | Insurance Business America Insurance News HUB announces newly created EVP role Industry veteran also had a prior career as a naval flight officer Insurance News By Kenneth Araullo HUB International has announced the appointment of Robert Hartman (pictured above) to a newly established position as executive vice … Read more

Higginbotham expands into Ohio

[ad_1] Higginbotham expands into Ohio | Insurance Business America Insurance News Higginbotham expands into Ohio With its latest deal, the brokerage now has a presence in 16 states Insurance News By Ryan Smith Texas-based insurance firm Higginbotham has entered Ohio with the acquisition of Community Insurance Group. With the acquisition, Higginbotham – which celebrates its … Read more

SCOR targets ILS asset management and retro partnership fee expansion

[ad_1] In announcing its new three-year strategic plan this morning, called Forward 2026, global reinsurance player SCOR has highlighted an ambition to continue expanding its insurance-linked securities (ILS) asset management activities, while seeking increased fee income from retrocession partnerships in the coming years.SCOR has been both using alternative forms of reinsurance capital from the insurance-linked … Read more