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Manulife enters CA$5.4bn reinsurance agreement with RGA
02 December 2024
Canada

Manulife Financial Corporation has entered into a CA$5.4 billion (US$3.85 billion) reinsurance agreement with Reinsurance Group of America (RGA)

HDI Global appoints Périquet as new Global Head of Engineering
02 December 2024
Germany

Bringing more than 20 years of experience in corporate insurance, he is currently working for Zurich in Dubai as underwriting manager for energy in the Middle East, Africa and Commonwealth of Independent States

PIB Group acquires broker and MGA platform Thoma Exploitatie
29 November 2024
Netherlands

This investment marks a strategic milestone in PIB Group’s ongoing European expansion, adding to the existing portfolio of its Dutch subsidiaries, Light Insurance and specialty insurer Risqwise

McGill and Partners unveils AI-powered trade disruption facility
28 November 2024
UK

Specialty (re)insurance broker McGill and Partners has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of US$95 million, led by TMK

Meta captive seeks DoL approval for ERISA exemption
28 November 2024
US

The exemption would allow Meta’s health and welfare benefit plan to establish an insurance contract with Prudential Life Insurance Company of America

MAXIS GBN onboards Denys as Chief Underwriting Officer
27 November 2024
UK

Nicolas Denys will lead a team of pricing underwriters who work closely with the MAXIS network of local insurers, the MAXIS EU Underwriting Hub, as well as multinational clients

AM Best downgrades outlook of Lincoln Benefit to ‘negative’
27 November 2024
US

The downgrade reflects the continued capital support required for Lincoln Benefit’s captive reinsurer, Lancaster Re Captive Insurance Company, and the expected impact on its capital flexibility

Aon to acquire in-house insurance agency of Mitsubishi Chemical Group
27 November 2024
Japan

Aon has signed an agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), expanding its risk and health capabilities in Japan

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