Reinsurance News
Analysts at re/insurance risk, capital and strategic advisor TigerRisk Partners have warned that methods of indexing in catastrophe models can skew perspectives on recent loss trends and lead to “inconsistent conclusions” when it comes to the impa...
Posted: Dec 02, 2022
Aon has hired John Morley to be its Asia Pacific growth leader in its strategy and technology team. Morley’s role will become effective on 5 December and is joining the firm from EY, where he was an insurance consulting partner, having previously...
Posted: Dec 02, 2022
A joint study between international insurance broker, Howden and leading specialty insurer and reinsurer, Fidelis, shows that higher ESG ratings lead to better underwriting performance. The study of loss ratios across 30,000 policies from both How...
Posted: Dec 02, 2022
Specialty insurance MGA Corvus Insurance has appointed Angela Singhal Whiteford as its new Chief Marketing Officer. Whiteford holds more than twenty years of marketing and product management experience spanning several technology verticals, includ...
Posted: Dec 02, 2022
MAPFRE RE has announced that its Board of Directors has agreed to raise the company’s capital by the amount of €250 million as it seeks to offer greater reinsurance capacity to its clients and capitalise on favourable pricing conditions. Funding f...
Posted: Dec 02, 2022
Global data analytics provider Verisk has named Lee Shavel to the role of President, following the announcement that incumbent Mark Anquillare is to step down in the middle of January. Shavel, said the firm in a statement, will take on the role of...
Posted: Dec 02, 2022
Claims inflation will cause a short term impact in the re/insurance sector, but will drive higher prices, causing a positive impact in 2023 and 2024, according to Goldman Sachs analysts. While there has been much positive commentary on pricing, cl...
Posted: Dec 02, 2022
P&C insurance company Chubb has appointed Carene Madden as Financial Lines Manager for the United Kingdom, Ireland and South Africa (UKISA.) Based in London, Madden will report to Hilda Toh – Property and Casualty Chief Underwriting Offi...
Posted: Dec 02, 2022
Mosaic Insurance has announced that Tax specialists Will Gay and Ze’ev Deutsch have joined the company’s transactional liability team, boosting the firm’s tax-risk capability. Based in London, Gay will be Head of International Tax, Transactional L...
Posted: Dec 02, 2022
Analysts at Jefferies have suggested that Bermuda-based re/insurer Lancashire Holdings could look to reduce its gross catastrophe exposure next year, if the company is unable to purchase retrocession cover at a good price. Jefferies expects Lancas...
Posted: Dec 02, 2022
AI-driven insurtech Counterpart has announced the addition of Miscellaneous Professional Liability (MPL) insurance to its existing suite of management liability products available to small businesses, backed by Bermuda-based re/insurer Aspen Insur...
Posted: Dec 02, 2022
San Francisco-based tech-driven broker Newfront has hired industry veteran John Newell as Chief Commercial Officer. Newell holds over two decades of experience as a leader focused on delivering client experiences and building culture. Before joini...
Posted: Dec 02, 2022
Climate risk insurance platform Yokahu, flood parametric insurtech FloodFlash, and global fintech Vitesse have collaborated on a parametric product to accelerate payments from insurers to policyholders to prevent small and medium-sized businesses...
Posted: Dec 02, 2022
Climate risk insurance platform Yokahu, flood parametric insurtech FloodFlash, and global fintech Vitesse have collaborated on a parametric product to accelerate payments from insurers to policyholders to prevent small and medium-sized businesses...
Posted: Dec 02, 2022
Insurance broker Howden, has increased its shareholding to 100% in in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his...
Posted: Dec 02, 2022
Specialist re/insurance broker Miller has announced the appointment of Choo Cai Ling in a production and broking role, joining its Singapore based Marine team. She will begin the role on 1 December 2022 and report into Nick King, Head of Marine (S...
Posted: Dec 02, 2022
West P&I Club, an insurance provider to the global maritime and offshore industries, has announced the promotions of David Griffiths and Xuanlun Cai as Regional Heads of Underwriting for Singapore and Hong Kong respectively. According to the f...
Posted: Dec 02, 2022
Gallagher Re, the global reinsurance broking and advisory firm, has added Scott Fest as an Executive Vice President (EVP) to its team in Tampa, Florida. He joins the broker from Florida-based primary insurer FedNat, where he has served as Vice Pre...
Posted: Dec 01, 2022
Climate analytics and technology driven risk modelling firm Reask, has appointed David Schmid as Head of Parametric Products to expand its global parametric insurance product offering. Schmid is an expert in natural catastrophe risk modelling and...
Posted: Dec 01, 2022
Fitch Ratings says that it has a neutral sector outlook for North American insurers next year, saying that they will continue to benefit from rising interest rates and balance-sheet strength. This, said the firm, should partially mitigate volatile...
Posted: Dec 01, 2022
Property and casualty insurer The Hartford, has appointed Terence Shields to the newly created role of Chief Sustainability Officer. According to the announcement, Shields will lead the Office of Sustainability as it guides The Hartford’s overall...
Posted: Dec 01, 2022
Sompo International has appointed Ron Willett to be its executive vice president for field management in the North American region, commercial insurance. The firm said in a statement that Willett will report to Jonathan Monks, executive vice presi...
Posted: Dec 01, 2022
AXA XL has promoted Kareen Richardson to the role of head of healthcare in its Bermuda office. The firm said in a statement that Richardson would be working in its Bermuda Insurance Excess Casualty business. She will report to Vivienne Moniz, head...
Posted: Dec 01, 2022
New analysis from consulting firm Milliman has found that wildfire catastrophe models would improve homeowners’ access to insurance in the face of climate-induced wildfire risk. The work, called Use of Catastrophe Models in California Homeowners R...
Posted: Dec 01, 2022
Core Specialty has appointed David Ni to its board of directors with immediate effect. Ni will be replacing Robert Campbell, who has served on the board since the firm recapitalised in November 2020 as one of two directors designated by Enstar. Ni...
Posted: Dec 01, 2022