Reinsurance News
The Association of British Insurers (ABI) has announced that it has appointed Mervyn Skeet as Director of General Insurance Policy. Skeet joined the firm in November 2017 as Assistant Director, Head of Tax and has been acting as Interim Director o...
Posted: Apr 11, 2023
Blink Parametric has expanded its partnership with MGA AwayCare to provide a real-time flight disruption solution to US travellers worldwide. AwayCare led the initiative to provide its Flight Delay service to US-based Travel Insured International...
Posted: Apr 11, 2023
Global professional services firm Aon has announced the appointment of Daniel Rees as Director of US Flood Model Development. Rees joins from Verisk, where he has spent the previous five years serving as a Senior Scientist. In this role, he has he...
Posted: Apr 11, 2023
Gallagher has appointed Ralph Sherbahn as Head of Financial Lines for Asia, where he will be based in Hong Kong and report to the CEO of North Asia, Thomas Wang. In the new role, Sherbahn is tasked with overseeing Gallagher’s financial lines opera...
Posted: Apr 11, 2023
Amwins, a global distributor of specialty insurance products and services, has announced the addition of Tisha L. Baptist to Trinity Underwriting Managers (TUMI), part of Amwins Underwriting. In her new role, Baptist will focus on renewal underwri...
Posted: Apr 11, 2023
Arch Insurance has expanded its suite of digital solutions with the acquisition of Thimble, an insurtech platform for small business customers and agents. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across...
Posted: Apr 11, 2023
Analysts at Risk Placement Services (RPS) have cited how the US property market currently finds itself in turbulent times, due to a combination of internal and external factors affecting market dynamics, adding to pressures that are being felt by...
Posted: Apr 11, 2023
Independent specialist re/insurance broker, Miller has announced the appointment of Laura McDonough as Head of Professional and Financial Risks, a London based role. In her new role, McDonough will focus on growing the company’s Professional and F...
Posted: Apr 11, 2023
Reinsurance giant Swiss Re has appointed Dana Franzetti as Head of Global Claims property & casualty (P&C) Reinsurance. Based in Schaumburg, Illinois, Franzetti joined Swiss Re in 2016 and was appointed to the role of Claims Manager, VP, P...
Posted: Apr 11, 2023
Munich Re Specialty Insurance (MRSI) has expanded its E&S Lawyers Professional Liability (LPL) solution to include primary and excess coverage for firms with 11 or more attorneys, as well as firms with an Intellectual Property practice. Marcia...
Posted: Apr 11, 2023
Risks related to strikes, riots and civil commotion (SRCC) have become elevated in advanced and emerging economies, with insured losses from these events in certain hot spots now comparable to major natural catastrophes, according to insurance and...
Posted: Apr 11, 2023
Global insurance broker Lockton has announced that Jeff Henningsen will serve as Chief Executive Officer (CEO) of its Texas P&C business. Henningsen holds almost three decades of industry experience, having spent 21 of those years with Lockton...
Posted: Apr 11, 2023
Oceanview Reinsurance Ltd., a wholly-owned reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Timothy Gasaatura to the role of Chief Actuary. With a background in valuation, capital management, and risk mitigation across both life an...
Posted: Apr 11, 2023
Insurance brokerage firm Brown & Brown has appointed Michael Vaughan as chief data officer. Vaughan is adept in the data field, having most recently served as a senior vice president in the analytics data platform delivery and data strategy an...
Posted: Apr 11, 2023
Insurance focused holding company HCI Group, Inc. is looking to establish a new Florida domestic homeowners insurer, named Tailrow Insurance Company, Reinsurance News has learned. HCI Group already owns Florida licensed insurer Homeowners Choice,...
Posted: Apr 11, 2023
The Ardonagh Group has agreed to acquire Klap Verzekeringsmakelaar, a Netherlands-based specialist commercial lines insurance broker. Founded in 1854, Klap advises SME companies on employee benefits, insurance, and pensions, distributing over €100...
Posted: Apr 11, 2023
Nexus Underwriting, an independent specialty MGA, has announced that it has completed its acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that primarily focuses on Marine and Property insurance...
Posted: Apr 11, 2023
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has appointed Ron Sulisz to the role of President of the global firm. His appointment is effective May 15, 2023, and he will report to Brady Young, who wil...
Posted: Apr 11, 2023
Bermuda domiciled insurance holding company, James River Group Holdings Ltd., has announced that Dennis J. Langwell has been appointed to the company’s Board of Directors as an independent, non-executive member, effective immediately. The company...
Posted: Apr 11, 2023
CoalitionAI™, a new initiative to deploy generative AI and large language models to help brokers and businesses protect themselves from cyber risk, has been launched by Coalition. The new features released today use a combination of proprie...
Posted: Apr 11, 2023
Global reinsurance giant Swiss Re has appointed Attila Kerényi as Chief Risk Officer and Member of the Executive Committee, property & casualty (P&C) Reinsurance. Based in New York, Kerényi is a veteran across the industry and brings over...
Posted: Apr 11, 2023
In its 2022 full year results, Bermuda-based Fidelis Insurance Holdings Limited has reported that gross written premiums (GWP) increased to $3 billion compared to 2.78 billion in 2021, while the firm’s combined ratio improved to 92.1% from 9...
Posted: Apr 11, 2023
Verisk, a global data analytics and technology provider, has named Chris Sawford Managing Director of Claims for the United Kingdom. Sawford will lead strategic initiatives that can help insurer claims teams boost automation, increase efficiency a...
Posted: Apr 11, 2023
Legacy specialist Enstar Group’s wholly owned subsidiaries have completed a Loss Portfolio Transfer (LPT) transaction with certain subsidiaries of QBE Insurance Group on a diversified portfolio of business. The transaction covers Internation...
Posted: Apr 11, 2023
A new report from AM Best has highlighted how companies that are placing high importance on data quality to improve efficiency and profitability are key drivers of innovation efforts that are playing a significant role in moving the insurance indu...
Posted: Apr 11, 2023