Day: June 4, 2024

Celeste Newson and Keeley Patten join Kova Professions

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Kova Professions (Kova), a managing general agent (MGA) specialising in Professional Indemnity (PI) insurance, has announced the senior appointments of Celeste Newson as Head of Professional Indemnity and Keeley Patten as Senior Underwriter. Kova is a newly established UK MGA led by CEO Kate Albert, offering PI insurance solutions to mid-market SMEs across all sectors. […]

2023 marks record year for Compre with best results in its 30-year history

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Bermuda-domiciled international specialty reinsurer Compre has revealed that 2023 was the strongest year in its history, with gross insurance reserves under management growing by 112% YoY to $1.6 billion, driven by newly acquired reserves of over $1 billion. Elsewhere in its full-year 2023 results, Compre disclosed that invested assets stood at $2.4 billion, benefitting from […]

IRB (Re) reports improved net income and combined ratio

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Brazilian reinsurer IRB (Re) has announced its first quarter of 2024 financial result, reporting an improved net income of around USD 15 million (R$ 79.1mn) as well as an underwriting profit of around USD 23 million (R$ 122.4mn), and a combined ratio of 99%. In the same period last year, the company saw a net […]