Tag: reinsurance

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 (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

BMS, an independent specialist insurance and reinsurance broker, has adopted Artificial Labs' Contract Builder as part of its digital strategy.

Guy Carpenter & Company, LLC, a prominent global risk and reinsurance specialist, has unveiled an innovative cyber reinsurance product.

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, a prominent global reinsurer, has predicted a substantial surge in its net profit for 2024, aiming to secure a minimum of €2.1bn.  

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 Group has unveiled ambitious financial targets, as it aims to improve its net income by $3.6bn in 2024.

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.

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.