Reinsurance News
Active Re, a provider of reinsurance solutions for financial institutions, has announced the appointment of Marco Nicolini as Head of Global Treaty Business Underwriting. He will join the Treaty Underwriting team on January 3, and will report dire...
Posted: Jan 05, 2023
This year is set to be a record-breaking one for the pension de-risking market after the “rollercoaster” of 2022, according to Lane Clark & Peacock LLP (LCP). The pensions, investment and insurance consultancy firm has shared five predictions...
Posted: Jan 05, 2023
Insurance broker Aston Lark, a Howden company, is expanding its UK footprint by opening two new regional offices. The new offices will provide additional in-person support for clients, as well as more opportunities for for both employees and emerg...
Posted: Jan 05, 2023
Global reinsurance broker Gallagher Re has appointed Lasse Flensborg Otzen to its Copenhagen operation as Divisional Director. He is an experienced account executive with over ten years of experience across diverse disciplines in the reinsurance a...
Posted: Jan 05, 2023
CNA Hardy, a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets, has launched Technology Package +, the latest addition to its specialist technology product suite. The company stated that Technology...
Posted: Jan 05, 2023
The Hanover Insurance Group, a P&C insurance company, has appointed David J. Lovely as Executive Vice president and Chief Claims Officer. He will be replacing Mark Welzenbach, who announced earlier in 2022 that he would be retiring from The Ha...
Posted: Jan 05, 2023
European management and technology consulting firm, BearingPoint, has announced it has acquired Levo Consultants, a Paris-based financial services consultancy specialising in insurance, banking, and asset management sectors. Kiumars Hamidian, Mana...
Posted: Jan 05, 2023
Vietnam’s Ministry of Finance (MoF) is planning to develop the country’s insurance market by implementing a number of solutions to achieve the goal of a safe and sustainable market this year. These solutions also aim to meet the diverse insurance...
Posted: Jan 05, 2023
The recent January 1 renewals period marked a return to a historical market dynamic in which reinsurers are the drivers of behaviour in the primary markets, James Vickers of Gallagher Re has asserted. Speaking to Reinsurance News alongside the rel...
Posted: Jan 04, 2023
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has completed its transaction to create a new managing general underwriter (MGU) separate from its existing balance sheet insurance companies. The deal wa...
Posted: Jan 04, 2023
Transverse Insurance Group, a hybrid P&C program and fronting carrier specialist, has been acquired by MS&AD Insurance Group Holdings, through its Mitsui Sumitomo Insurance arm, the insurer has confirmed. The acquisition has received all c...
Posted: Jan 04, 2023
Global life and health reinsurer, Reinsurance Group of America (RGA), has revealed that Tony Cheng has taken over as President of the firm from Anna Manning, who will remain as Chief Executive Officer (CEO) until her retirement at the end of 2023,...
Posted: Jan 04, 2023
P&C insurer Chubb, has announced the launch of a new global climate business unit, drawing on the company’s technical capabilities in underwriting and risk engineering, and also bringing together Chubb units engaged in traditional, alternative...
Posted: Jan 04, 2023
Reinsurers are to face a complicated and challenging 2023 with increasing uncertainty, warned Ari Chester, SiriusPoint’s Head of US and Canada Reinsurance, in an interview with Reinsurance News. According to Chester, while reinsurance supply remai...
Posted: Jan 04, 2023
The Risk Management Society (RIMS) has announced that Jennifer Santiago will lead the Society as president for the 2023 term, effective January 1. Santiago has been a RIMS member for over 15 years, serving on the Society’s Board of Directors since...
Posted: Jan 04, 2023
Analysts at investment bank Berenberg have reported that the reinsurance market made “significant strides to improve profitability” at the recent January 1 renewals, particularly in underperforming property natural catastrophe business. Early repo...
Posted: Jan 04, 2023
Marine insurance provider, Skuld, has appointed Anna F. Erlandsen as vice president, underwriter, Skuld Hull. Erlandsen’s appointment will come into effect on April 3, 2023. Overall, Erlandsen brings nearly two decades of global marine insurance e...
Posted: Jan 04, 2023
Insurtech MGA Loadsure has announced that it has received capacity backing from Tokio Marine Kiln (TMK) to enhance its data-driven freight protection offering. According to TMK, the collaboration is part of a broader approach as they look to drive...
Posted: Jan 04, 2023
Landmark Underwriting has appointed Andrew Ravenscroft as Head of Property. He joins Landmark Underwriting from Arlington Insurance Services LTD, where he served as a Broker for over two years. Prior to Arlington, Ravenscroft served as a Class Und...
Posted: Jan 04, 2023
Luca Tassarotti has been appointed to the position of Head of Commercial Risk Solutions EMEA at Aon. An industry veteran, Tassarotti began his career working as a Managing Director at the broking group Willis in the late 1990s. He joined Aon in 20...
Posted: Jan 04, 2023
Specialist financial and commercial lines MGA, Spring Insure has announced the appointment of Tristan Sargeaunt as the new Group CEO, taking over from co-founder, Nathan Sewell. The new executive joins Spring Insure from specialist Lloyd’s of Lond...
Posted: Jan 04, 2023
Palomar Holdings, a speciality California-headquartered insurer, has renewed some of its earthquake reinsurance programs covering California earthquake risk, buying incremental reinsurance limit as well, despite an “unquestionably” hard reinsuranc...
Posted: Jan 04, 2023
Analysts at Gallagher Re have warned that many of the hard-fought positive outcomes for reinsurers at the recent January 1st renewals may have come at the expense of damaged client relationships. In its 1st View January reinsurance renewals report...
Posted: Jan 04, 2023
A development roadmap for the insurance sector in Hong Kong has been unveiled at a recent event held by the Insurance Authority (IA). At the event, the Government revealed details about a development roadmap for the insurance sector, expounded by...
Posted: Jan 04, 2023
Reinsurer Swiss Re has appointed Harry Thomson as Head of Casualty Treaty Underwriting for the Northwest Europe region. Thomson has worked at Swiss Re since 2017, during which time he has held a position as Senior Casualty Treaty Underwriter and V...
Posted: Jan 04, 2023