Intelligent Insurer’s Post

As the re/insurance industry prepares for the upcoming renewals season, starting with Monte Carlo’s Rendez-Vous de Septembre, we at Intelligent Insurer want to hear from you! We're conducting our 2024 pre-renewals season survey, and this is your chance to share your insights and expectations as we approach this critical time for the industry. We'll be exploring key topics such as: Will rates rise or fall? Will terms and conditions face pressure again? How might macroeconomic and political changes shape discussions? Your responses will remain confidential, with all data aggregated to ensure anonymity. The results will be featured online and in our conference publications this September. Take the Survey Now: https://ow.ly/PAs050T0YY3 The deadline for submissions is August 30, 2024. Your input is invaluable in shaping a collective view of the industry's direction ahead of renewals. If you have any questions, feel free to reach out. Thank you for your time and insights! #Insurance #Reinsurance #IndustryInsights #RenewalsSeason #Survey

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Arch Capital Group has added Daniel Houston, CEO of Principal Financial Group, and Neal Triplett, CEO of Duke University Management Company, to its board of directors during a period of significant growth. Marc Grandisson, chief executive officer of Arch Capital Group stated: “Arch is in a transformational period of growth, with many more exciting milestones on the horizon.” Read more on the appointments here: https://ow.ly/FK4350T8w20

Lockton Re has launched a global agriculture practice, appointing former Sompo executive Kristopher Lynn as senior broker and practice leader. Nick Durant, chief executive officer North America, Lockton Re, said: “We always wanted to build capability for our clients and partners in this area but needed to find the right talent and Kris is a great fit with regard to experience and expertise as well as that all-important cultural fit.” Keith Harrison, CEO international, Lockton Re, stated: “Our one-team global structure means we can launch new practices and bring deep-seated expertise to clients and prospects in a very quick and seamless manner.” Read more on the story here: https://ow.ly/9Si050T8vYw

Hong Kong-based Peak Reinsurance Company increased its gross written premium (GWP) to $847.9 million in the first half of 2024. “Peak Reinsurance has maintained a steadfast focus on stringent risk selection and underwriting discipline to drive growth while ensuring a strong bottom line,” the company stated. Read more insights here: https://ow.ly/qi5K50T8vR7

Global broker WTW has launched a fintech and digital assets taskforce to help clients manage risks in the digital asset space. The taskforce, co-led by Anthony Rapa and Trenton McKee, integrates specialists across all insurance lines to navigate regulations and provide solutions. Jeremy Wall, global head of FINEX, commented: “WTW has consistently stayed ahead of financial innovations and the corresponding risks by addressing the evolving needs of our clients. The creation of this taskforce is a strategic move to address the unique challenges presented by the fintech and digital assets ecosystems.” Read more on the story here: https://ow.ly/CbfN50T7GTB

Reinsurance Group of America (RGA) has finalized a coinsurance agreement to reinsure approximately $3.5 billion of American National Insurance Company’s statutory reserves. Senan O’Loughlin, executive vice president of US individual life at RGA, said: “This transaction exemplifies our close collaboration with clients and comprehensive understanding of their needs, enabling us to execute solutions aligned with their strategic business objectives.” Read the full story here: https://ow.ly/LSo250T7GOW

Hong Kong-based Peak Re has appointed former Swiss Re executive Peter Hämmerli as head of business operations to lead its global expansion. Franz-Josef Hahn, chief executive officer said: “His deep expertise and dedication to excellence make him a perfect addition to our team as we work to strengthen our operations and provide exceptional value to our clients.” Read more on the Peter's appointment here: https://ow.ly/c39k50T7mqA