Reinsurance News
HDI Global has appointed Simon Hunt to be the CFO for its UK and Ireland branch. Hunt will take on his role immediately. He is currently CFO of the UK branch of HDI Global Specialty. He will now be responsible for both HDI Global UK & Ireland...
Posted: Oct 05, 2022
Despite lower combined ratios, global reinsurers’ overall profitability declined significantly in H1 of 2022, primarily reflecting higher interest rates that adversely affected equity and bond valuations, and the mounting pressure of the ong...
Posted: Oct 05, 2022
Despite lower combined ratios, global reinsurers’ overall profitability declined significantly in H1 of 2022, primarily reflecting higher interest rates that adversely affected equity and bond valuations, and the mounting pressure of the ong...
Posted: Oct 05, 2022
Ardonagh Europe, a subsidiary of The Ardonagh Group, has completed its acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. The acquisition was originally announced in July earlier th...
Posted: Oct 05, 2022
Leading insurance broker Marsh has released data from a survey of 30 insurers representing a significant cross-section of the UK insurance market, exploring how ESG factors are being used to assess clients’ risk profiles and the extent to which th...
Posted: Oct 05, 2022
International MGA USQRisk has named Lael Chappell the chief marketing and business development officer of Desq. Desq is a specialty accelerator platform established to empower entrepreneurial underwriters to launch and manage their own MGAs. Chapp...
Posted: Oct 05, 2022
Jencap Group has announced that it has agreed to acquire the assets of Tarheel Insurance Services, Inc., a full-service specialty workers’ compensation wholesale brokerage based in Statesville, NC. Tarheel is set to operate under the auspices of t...
Posted: Oct 05, 2022
Jim Bichard, Global Insurance Leader for PwC, has warned that inflationary challenges could “absolutely dominate” the insurance and reinsurance landscape in the near future. Speaking to Reinsurance News at the recent RVS 2022 event in Monte Carlo,...
Posted: Oct 04, 2022
Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies from rapidly emerging liability risks. The insurer now offers excess technology errors and omissions (E&#...
Posted: Oct 04, 2022
According to a new report from AM Best, the US homeowners insurance segment could come under pressure with 2022 results expected to be impacted by Hurricane Ian. The hurricane, which made landfall Wednesday the 28th as a major Category 4 storm wit...
Posted: Oct 04, 2022
Berkley Re UK, part of W.R. Berkley Corporation, has promoted Daniel Keshav from Deputy Head of Casualty Treaty, a role he held for over three years, to Head of Casualty Treaty. Keshav has over 25 years of experience in the industry. Prior to join...
Posted: Oct 04, 2022
DeNexus, a provider of second-generation cyber risk modelling for industrial organisations, reinsurers and investors in insurance-linked securities (ILS), has announced the launch of the new version of its data-driven cyber risk platform aimed to...
Posted: Oct 04, 2022
Berkshire Hathaway Speciality Insurance (BHSI) has announced that it has appointed several claims executives to new roles within its North American region. Among the new appointments is Rob Romeo, who has been named Head of Claims, North America....
Posted: Oct 04, 2022
According to the Chief Risk Modelling Officer at RMS, Mohsen Rahnama, Hurricane Ian has the potential to be one of the largest, if not the largest, insured catastrophe losses in US history, with implications for both the Florida, reinsurance, retr...
Posted: Oct 04, 2022
Insurance and reinsurance broker Aon has hired Katherine Kuehn from vArmour as Managing Director (MD) within its Cyber Solutions division, where she will build upon her network to develop and provide innovative solutions in the cyber risk space. I...
Posted: Oct 04, 2022
AM Best has assigned its highest Performance Assessment of PA-1 (Exceptional) to a group of seven delegated underwriting authority enterprises (DUAEs) of the Amwins Group, with a stable outlook. Launched this year, AM Best’s performance asse...
Posted: Oct 04, 2022
CNA Hardy, a provider of specialist insurance solutions for commercial businesses, has announced a series of appointments as part of the company’s growth plans in Europe. Oliver Tobies joins the Cologne office as Life Science & Technology Unde...
Posted: Oct 04, 2022
According to a new report from Fitch Ratings, the ratings of US public finance issuers affected by Hurricane Ian will largely remain stable, but the credit quality of some issuers with lesser resources and financial flexibility could weaken. While...
Posted: Oct 04, 2022
Ryan Specialty has announced the promotions of Tom Curran and James Shaffer to senior distribution roles within its Ryan Specialty Underwriting Managers unit. Curran has been appointed as Chief Wholesale Distribution Officer and Shaffer as Chief R...
Posted: Oct 04, 2022
A new report from AM Best says that 2021 was an active year for mergers and acquisitions with large block reinsurance transactions leading to a 41% increase in admitted assets owned by private equity firms. The report, Private Equity Continues to...
Posted: Oct 04, 2022
Global reinsurer Ariel Re has been granted regulatory approval to launch a Managing Agent at Lloyd’s of London, a statement from the company has confirmed. The company received approval from the Prudential Regulatory Authority, the Financial...
Posted: Oct 04, 2022
WTW has hired Michael Chang to be its new head of corporate risk and broking for North America. The firm said in a statement that Chang was succeeding Mike Liss, who plans to retire in the first half of next year. Prior to joining WTW, Chang serve...
Posted: Oct 04, 2022
WTW has hired Michael Chang to be its new head of corporate risk and broking for North America, succeeding Mike Liss, who plans to retire in the first half of next year. Prior to joining WTW, Chang served for six years as co-leader of Sompo Intern...
Posted: Oct 04, 2022
Berkshire Hathaway Specialty Insurance (BHSI) has announced that it has appointed Anselm Waigand as Head of Risk Engineering, Germany. Waigand was previously Senior Risk Engineer at BHSI in Frankfurt, Germany, having joined BHSI in 2020. He has mo...
Posted: Oct 04, 2022
Financial services and insurance firm Equitable Holdings has announced the completion of its reinsurance transaction with life and annuity insurer Global Atlantic. The transaction involved Equitable’s principle operating subsidiary, Equitable Fina...
Posted: Oct 04, 2022