Reinsurance Group of America (RGA) has reached an agreement with Tokio Marine & Nichido Life Insurance (Anshin Life) to reinsure approximately US$638 million paid-up block of whole life policies through coinsurance.
They will take over from Andre Camilleri and Philip Micallef, who have reached the end of their terms.
The comment follows UK Prime Minister Rishi Sunak’s call for an early general election on 4 July 2024.
After a year in which nearly a fifth of companies had to restate earnings due to geopolitical events, businesses have seen another difficult year in 2024, with 69 percent reporting supply chain disruptions relating to geopolitics.
The new product offers management protection, covering D&O, corporate liability, employment practice liability and employee crime.
In his new role, Curt Hess will oversee the company's continued expansion in the US market
The London Market Group notes that the market for captive insurance worldwide is expected to reach US$161 billion by 2030, but the UK currently sees none of this business.
Earnix, an insurance and banking solution provider, has partnered with insurance digital advisory Exavalu to help property and casualty (P&C) insurance carriers modernise pricing and rating flexibility.
