Saudi Re's recent announcement of a reinsurance contract with Walaa Cooperative Insurance Company marks a significant milestone in the Saudi insurance industry. This deal, centered around the Surety Insurance Bonds Coinsurance Program, is poised to provide financial guarantees ensuring that
On December 31, 2024, Taiping Reinsurance Co., Ltd. (Taiping Re) issued Asia's first dual-peril, dual-trigger catastrophe bond, worth $35 million, in Hong Kong. This was an important milestone in the financial world because it represents a new level of sophistication in catastrophe bonds. Delivered
Hawkes Bay Underwriting (HBU) Marine, a prominent Managing General Agent in the Asia-Pacific region, has successfully regained its status as a Lloyd’s of London Coverholder after a hiatus of several years. Originally established in 2008, HBU has been a key player in providing specialized insurance
Ryan Specialty has recently announced the appointment of Shawn Yingling as Chief Retail Distribution Officer for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). This strategic move is expected to bring a fresh perspective and extensive expertise to the company,
The Trustees of the Airways Pension Scheme have successfully completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife. This significant financial maneuver, facilitated by Zurich UK, aims to mitigate the financial risks associated
Crescent Specialty, an independent, employee-owned MGA and Wholesale Brokerage firm headquartered in Houston, Texas, has recently achieved Coverholder status with Lloyd's of London. This significant milestone marks a pivotal moment in the company's journey, reflecting their commitment to long-term
