Latest news with #reinsurance
Yahoo
a day ago
- Business
- Yahoo
Miller wraps acquisition of reinsurance broker AHJ Holdings
Specialist reinsurance broker Miller has completed the acquisition of AHJ Holdings, the parent company of Alwen Hough Johnson and AHJ Europe. The deal, first disclosed in February, has received all regulatory approvals. AHJ, founded in 1973, is a specialist reinsurance broker with expertise in property, casualty, marine, energy and several niche insurance markets. The acquisition is expected to enhance Miller's treaty reinsurance capabilities and extend its market reach into the Nordic, Caribbean and North American regions. Miller Group CEO James Hands said: 'The acquisition of AHJ significantly accelerates our reinsurance strategy. The dedicated expertise which AHJ brings strongly complements our leading specialty offering and will allow us to bring our combined capabilities to a greater number of clients. It is with great enthusiasm that we welcome Gary and the AHJ team to Miller.' The reinsurance teams of Miller and AHJ will combine to operate as AHJ Miller. This joint venture will be co-led by Gary Masters and Shaun Sinniah. AHJ Miller will offer reinsurance services across industries including accident and health, cargo, construction, delegated authorities, healthcare, marine, professional and financial risks, property and casualty, renewable energy, and sports and entertainment. Masters stated: 'We are delighted to become part of the most exciting growth story in the specialty broking space. Miller's culture and reputation as a uniquely client centric business mean we could not have found a better home. 'As part of AHJ Miller we will be able to bring additional services to our clients, such as Miller's highly regarded facultative and capital advisory capabilities, while benefitting [from] a platform that will enable us to further grow across our existing products and geographies.' The acquisition aligns with Miller Group's strategy to grow its reinsurance business. In 2024, the company expanded its operations through the acquisition of 4809 Brokers and Bruzon, a Spanish reinsurance broker. "Miller wraps acquisition of reinsurance broker AHJ Holdings " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
HCI Group Announces Completion of its 2025 – 2026 Catastrophe Reinsurance Programs
TAMPA, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) has successfully completed its catastrophe reinsurance programs for the 2025-2026 treaty year, which runs from June 1, 2025 through May 31, 2026. 'We are grateful for the strong support from our global reinsurance partners, whose continued confidence in HCI underscores the quality of our underwriting and our disciplined approach to risk,' said Paresh Patel, HCI's chairman and chief executive officer. 'We believe our reinsurance programs are prudently structured to protect the long-term financial stability of our insurance companies. With the reinsurance placement now finalized, we are well-positioned to pursue strategic initiatives aimed at delivering sustained value to our shareholders.' HCI secured three reinsurance towers for the 2025-2026 treaty year. Reinsurance Tower 1 is shared between HCI subsidiary, Homeowners Choice Property & Casualty Insurance Company, and HCI sponsored reciprocal insurance company, Tailrow Insurance Exchange, and covers all Homeowners Choice policies issued in Florida and all Tailrow policies issued in Florida. Reinsurance Tower 2 is shared between HCI subsidiary, TypTap Insurance Company, and Homeowners Choice and covers all TypTap policies (whether issued in Florida or outside of Florida) and all Homeowners Choice policies issued outside of Florida. Reinsurance Tower 3 covers all Condo Owners Reciprocal Exchange policies issued in Florida. Condo Owners Reciprocal Exchange, known as CORE, is a reciprocal insurance company sponsored by HCI. Across the three reinsurance towers, HCI secured over $3.5 billion in excess of loss aggregate limit and full reinstatement premium protection for the 2025-2026 treaty year. Claddaugh Casualty Insurance Company Ltd, HCI's Bermuda-based reinsurance subsidiary, selectively participates across all three reinsurance towers. All participating reinsurers are AM Best rated 'A-' (Excellent) or better or have fully collateralized their obligations to HCI. The statutory retentions for the first and second event are $18 million for both Reinsurance Tower 1 and Reinsurance Tower 2, and $3 million for Reinsurance Tower 3. Claddaugh's estimated maximum retained loss is approximately $117 million for a first event and $35 million for a second event. For the three reinsurance towers, HCI expects to incur net consolidated reinsurance premiums ceded to third parties, excluding Claddaugh, of approximately $422 million from June 1, 2025 through May 31, 2026. The reinsurance premiums are an estimate based on exposure projections and subject to true up at September 30, 2025. More information is available in the Company's Form 8-K, filed today with the U.S. Securities and Exchange Commission. About HCI Group, Inc. HCI Group is a holding company with two distinct operating units. The first unit includes four top-performing insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second unit, called Exzeo Group, is a leading innovator of insurance technology that utilizes advanced underwriting algorithms and data analytics. Exzeo empowers property and casualty insurers to transform underwriting outcomes and achieve industry-leading results. The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company's website. For more information about HCI Group and its subsidiaries, visit
Yahoo
5 days ago
- Business
- Yahoo
Generali secures €200m Lion Re DAC cat bond agreement
Generali has reached multi-year reinsurance agreements with Lion Re DAC, a special purpose vehicle in Ireland, to cover losses from windstorms in Europe and earthquakes in Italy over a four-year term. Lion Re DAC has launched Series 2025-1 notes worth €200m ($226m) to support these reinsurance agreements. The issuance includes €125m in Class A notes for combined windstorm and earthquake coverage, and €75m in Class B notes exclusively for earthquake coverage in Italy. The Class A notes have a premium of 5.50% per annum, while the Class B notes have a premium of 6.00% per annum, which will be paid to investors as part of the interest on the notes. The terms of the issuance specify that payments on the Series 2025-1 Notes may be reduced if Generali's losses from the specified natural disasters exceed a certain threshold. This marks the second Generali-sponsored catastrophe ILS instrument that integrates ESG criteria according to the insurer's updated Green, Social and Sustainability ILS Framework. The transaction will help allocate capital to eligible projects, with proceeds from the issuance of the Series 2025-1 Notes to be invested in AAA-rated green notes from the EBRD. Aon Securities and GC Securities, a division of MMC Securities, were joint structuring agents and joint bookrunners. Generali Group general manager Marco Sesana said: 'Our new catastrophe bond reaffirms Generali's strong relationship with ILS investors, which started in 2014 with the issuance of our first catastrophe bond. ILS capital is completely integrated and complementary to our traditional reinsurance strategy. This first transaction, under the newly shelf programme, reflects the continued trust in the quality of our portfolio and our disciplined approach to risk management. Furthermore, it is fully aligned to our Lifetime Partner 2027 strategy, advancing our sustainability value proposition, thanks to the ESG structure at the core of this issuance.' "Generali secures €200m Lion Re DAC cat bond agreement " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
27-05-2025
- Business
- Zawya
SanlamAllianz Re celebrates excellence and innovation at SAZRe Synapse 2025
SanlamAllianz Re (SAZ Re) ( one of Africa's leading reinsurance providers operating across more than 45 countries, successfully hosted SAZRe Synapse 2025: a three-day event that brought together thought leaders, industry experts, and changemakers to explore the forces shaping Africa's future. Synapse: A Platform for Inspiration, Disruption, and Connection More than just a conference, SAZRe Synapse 2025 was conceived as a space for bold conversations, strategic collaboration, and new thinking. Over the course of three days in Mauritius, participants engaged with big ideas, challenged traditional models, and connected across industries and borders. The event unfolded in three key chapters. On Day One, keynote speaker David Rowan, Founding Editor of WIRED UK, delivered an energising address on how emerging technologies are redefining the business landscape. Day Two saw a dynamic lineup of speakers, moderated by Ramia Farrage of Forbes Middle East, tackling topics at the heart of Africa's evolution: Taimoor Labib, Founding Partner of Affirma Capital, explored the role of sovereign wealth and private capital. Manish Bundhun, Chief People Officer, ENL&Rogers, shared strategies for empowering Africa's workforce. Dr. Rawaa Harati, Founder of Kinz Consultancy, offered a geopolitical lens on global power shifts. Antoine Bavandi, Global Head of Public Sector of Gallagher Re, addressed climate resilience through public-private partnerships. Mohato Makalima, NextGen Leader, Deloitte Africa, spotlighted the rise of artificial intelligence and it's implementation across Africa. Rapelang Rabana, Founding Partner of FFWD Innovation, talked about innovation as a driver of transformation. Rony Lam, CEO of MCB Capital Markets, discussed mobilising local capital for regional development. A Night to Celebrate: The Gala Dinner The event concluded with a black-tie gala dinner at Château Labourdonnais, where guests gathered to celebrate a major milestone in the company's journey, SanlamAllianz Re's recent A- (Excellent) rating from AM Best, the global credit rating agency focused on the insurance industry. In his address, Ilyes Hassib, CEO of SanlamAllianz Re, reflected on the purpose behind Synapse: 'Synapse was born from a clear ambition to connect minds, spark ideas, and open meaningful conversations about the future of Africa. We created this platform for leaders, experts, and innovators to come together, challenge norms, and prepare for what's next.' 'Tonight, as we celebrate our A- (Excellent) rating from AM Best, we're celebrating more than just recognition. We're celebrating trust, the trust of our partners, the strength of our team, and above all, our belief in Africa's future.' Rooted in Africa, Connected to the World Headquartered in Mauritius, SanlamAllianz Re designed Synapse as a catalyst for learning, leadership, and long-term partnerships. By bringing together a diverse and influential network, the event spotlighted both the challenges and opportunities driving Africa's next chapter. From global expertise to local innovation, SAZRe Synapse 2025 was more than an event, it was a springboard for collaboration, growth, and lasting impact. Distributed by APO Group on behalf of SanlamAllianz Re. Press Contact: Rajesh Dindoyal Odysseus Public Relations Email: rajesh@ Phone: +230 54223040 Follow SAZRe on Linked-In: About SanlamAllianz Re (SAZ Re): SanlamAllianz Re is a reinsurance company headquartered in Mauritius, backed by its two shareholders: Sanlam Limited (South Africa) and Allianz SE (Germany). SAZ Re delivers comprehensive reinsurance solutions with strong financial stability, operational excellence, and a forward-thinking approach to risk management.
Associated Press
27-05-2025
- Business
- Associated Press
Oxbridge / SurancePlus to Participate in the '2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow' Virtual Conference Presented by Maxim Group LLC
GRAND CAYMAN, Cayman Islands, May 27, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) ('Oxbridge Re'), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets ('RWAs'), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced its CEO Jay Madhu has been invited to present at the '2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,' presented by Maxim Group LLC, on Tuesday, June 3rd at 1:00 PM EDT. Event Details: Oxbridge / SurancePlus CEO and Maxim Senior Analyst Fireside Chat Date: Tuesday, June 3, 2025 Time: 1:00 PM – 1:30 PM (EDT) Location: This conference will be live on M-Vest. To attend, sign up to become an M-Vest member. Click here to learn more and reserve your seat. Discussion Highlights Jay Madhu, CEO of Oxbridge, commented: 'Maxim's Tech Conference is a great platform to showcase how we are bridging traditional insurance with Web3 and blockchain innovation. At SurancePlus, we are not just creating tokenized reinsurance securities - we are expanding access to a high-yield opportunity that is uncorrelated to traditional capital markets and has been historically inaccessible to most.' Oxbridge / SurancePlus will be taking part in the '2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow.' The rapid evolution of technology is paving the way for disruption across all industries, including healthcare, drones, consumer IoT, business solutions, gaming & entertainment, and more. In Maxim's 2025 Virtual Tech Conference, we will explore how emerging growth companies are expanding their use of Quantum Computing and Artificial Intelligence (AI) to position themselves for the future. Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on technology and how it will impact and grow their business. About Oxbridge Re Holdings Limited Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW ) ('Oxbridge') is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets ('RWAs') as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited. Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS. Our Web3-focused subsidiary, SurancePlus Inc. (' SurancePlus '), has developed the first 'on-chain' reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. Company Contact: Oxbridge Re Holdings Limited Jay Madhu, CEO +1 345-749-7570 [email protected] About Maxim Group LLC Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit
