Tag: reinsurance
Asset-intensive reinsurer Martello Re secures $935m in equity funding round
Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.
Front Street Re names Edison Fong as its new CEO
Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).
BMS adopts Artificial Labs’ Contract Builder as part of its digital...
BMS, an independent specialist insurance and reinsurance broker, has adopted Artificial Labs' Contract Builder as part of its digital strategy.
Guy Carpenter launches cyber reinsurance offering
Guy Carpenter & Company, LLC, a prominent global risk and reinsurance specialist, has unveiled an innovative cyber reinsurance product.
Swiss Re acquires water risk intelligence leader Fathom
Swiss Re, a leading reinsurance provider, has announced its acquisition of Fathom, to compliment its own data and risk capabilities in the field of flood perils.
Hannover Re set ambitious €2.1bn net profit target for 2024
Hannover Re, a prominent global reinsurer, has predicted a substantial surge in its net profit for 2024, aiming to secure a minimum of €2.1bn.
How hx Renew is enabling modern reinsurers to make better pricing...
A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential's hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.
Swiss Re sets lofty $3.6bn net income target for 2024
Swiss Re Group has unveiled ambitious financial targets, as it aims to improve its net income by $3.6bn in 2024.
Northern Reinsurance announces new $75M committed capital raise
Northern Reinsurance SPC, a balance sheet reinsurer based in New York and Cayman, has successfully increased its committed capital by securing an additional $50m in funding.
Why Excel no longer makes the cut in modern insurance pricing
The insurance sector is grappling with a pricing tool dilemma. A significant 81% of insurers express doubts regarding the effectiveness of their current pricing technologies. One of the main culprits? Excel.