Root places property catastrophe reinsurance program with Tremor

Root Insurance, an insurtech that launched with an auto insurance focus and is now expanding into renters and homeowners cover, has placed its June property catastrophe reinsurance program renewal using Tremor Technologies programmatic risk transfer marketplace Panorama. Root placed all of its June property catastrophe reinsurance tower using Tremor Panorama, taking read the full article →

Lockton Re confirms Bob Bisset as Chairman, Global Retrocession

Independent insurance broking giant Lockton has now confirmed the senior hire and appointment of Bob Bisset as its new Chairman, Global Retrocession & Property Specialty, Bermuda and Market Capital of reinsurance broking unit Lockton Re. As we explained back in June, Lockton Re was set to appoint former Aon executive Bob read the full article →

Miller hires Erik Manning from Peak Capital as Head of ILS

Insurance and reinsurance broker Miller, the newly independent and private equity funded broking group, has announced a further expansion into the insurance-linked securities (ILS) world, with the appointment of Erik Manning as Head of ILS. Manning was most recently the Co-CEO of Peak Capital, the ILS investment fund manager operation of read the full article →

TigerRisk hires former JLT Re exec Jonathon D’Arcy as CFO

TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced a new senior appointment, as it has added a new Chief Financial Officer (CFO) with the hiring of Jonathon D’Arcy, who previously worked at broker JLT Re as CFO and COO. D’Arcy joins TigerRisk to replace Milan read the full article →

Tremor clients seek over $700m of reinsurance capacity in May alone

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has experienced strong demand in the run-up to the renewals, with more than $700 million of reinsurance capacity sought from its platform by clients in May 2021 alone. Tremor has been quietly making significant progress on signing read the full article →

BGC to sell brokers Ed and Besso to The Ardonagh Group for $500m

BGC Partners has announced that it has reached an agreement to sell its Corant Global insurance and reinsurance broking businesses, including brands Ed Broking Group Limited and Besso Insurance Group Limited, to The Ardonagh Group Limited for a $500 million cash consideration. It's an interesting move given BGC had recently launched read the full article →

Tremor integrates AM Best ratings into Panorama risk marketplace

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has now integrated AM Best ratings into Panorama, becoming the first online marketplace to integrate ratings programmatically into its offering. Tremor launched a next-generation update to its risk trading platform software, Tremor Panorama, earlier this year, bringing read the full article →

Tremor appoints former PartnerRe CEO Emmanuel Clarke to Board

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced a senior addition to its Board, with the former PartnerRe CEO Emmanuel Clarke joining. Clarke has a long and prestigious career in reinsurance, having spent more than 25 years at PartnerRe, most recently as its read the full article →

Guy Carpenter’s Capital Advisory unit expands to Asia Pacific

Reinsurance broker Guy Carpenter has launched its Capital Advisory Group in Asia Pacific, as it looks to provide clients with products and tools to help them better managing capital through risk transfer solutions across the region. Guy Carpenter announced the appointment of Michael Owen and Hussain Ahmad to lead its new read the full article →

Acrisure raises $3.4bn to pursue strategic initiatives

Expansive insurance and reinsurance broking group Acrisure has successfully raised over $3.4 billion in two transactions, with the "aligned capital" expected to help it pursue strategic initiatives, including doubling-down on its technology-led value proposition. Acrisure was formed out of retail insurance agency networks, but then in 2018 acquired Beach & Associates, read the full article →