Reinsurance News
Lloyd’s market global re/insurer, MS Amlin Underwriting Limited (MS AUL) has appointed Simon Morgan as Head of Property Delegated Authority, where he will report to Sam Geddes, Head of Property and Allied Lines. Morgan will take on the role in No...
Posted: Sep 14, 2022
The specialist Lloyd’s re/insurance marketplace has granted ‘in principle’ approval for the launch of Flux syndicate 1985 that will commence underwriting at the beginning of next year. The news was announced in a joint statement from third-party m...
Posted: Sep 14, 2022
Everest Re’s Chief Operating Officer and Head of Reinsurance, Jim Williamson, spoke with Reinsurance News to share his thoughts on Everest’s major international expansion plans, as well as the Florida property market, and the upcoming...
Posted: Sep 14, 2022
ICEYE, a world-leading provider of natural catastrophe data, has launched a pilot scheme with If property & casualty (P&C) Insurance to use its Flood Insights product. The data and insights that ICEYE provides enables users to gain rapid s...
Posted: Sep 14, 2022
Asta, the leading third-party managing agent at Lloyd’s, has announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received ‘in principle’ approval from Lloyd’s. Trium Cyber expects to write $50m of gross pre...
Posted: Sep 14, 2022
QBE has announced the appointment of Gill Rhodes as Regional Underwriting Manager to expand its UK financial lines capabilities. Rhodes holds two decades of financial lines underwriting experience and joins from Chubb, where she was Northern Regio...
Posted: Sep 14, 2022
Re/insurance broker Aon, has appointed Grainne Richmond as executive vice president and head of captives for its Bermuda office. With more than 20 years’ experience of insurance management in Bermuda, Richmond joins Aon from Strategies Risk Soluti...
Posted: Sep 14, 2022
The European Parliament plenary session has adopted MEP Axel Voss’ own initiative legislative report on responsible third-party litigation funding (TPLF). The one-page report summary, which is available here, calls on the European Commission to pr...
Posted: Sep 14, 2022
Florida, Texas, Colorado, California and New Mexico are the top five US states at most risk of wildfire damages in 2022, according to a report by CoreLogic, a property information, analytics and data-enabled solutions provider. The Wildfire Report...
Posted: Sep 14, 2022
As the industry meets in Monte Carlo for the first time since the end of the pandemic, analysts at Peel Hunt suggest the reinsurance market outlook is improving ahead of the key January 1st, 2023, reinsurance renewals. The first half of the year r...
Posted: Sep 14, 2022
While the world faces a growing array of macro and geopolitical challenges, the pressures these create can also provide opportunities, while some other chances for growth are being left on the table by incumbents, Chris McKeown of Vantage Risk bel...
Posted: Sep 14, 2022
Athora has confirmed the appointment of Mike Wells as its new group chief executive officer. The confirmation of the appointment comes after the receipt of regulatory approval. Wells is a former CEO of Prudential, where he spent over 26 years. Ath...
Posted: Sep 14, 2022
Reinsurance tech firm Supercede shows that $300 million per annum re/insurance industry savings are possible, following research into the efficacy of its technology during live pilots with leading insurers. Each year, cedents are faced with the ch...
Posted: Sep 14, 2022
Analysts at Swiss Re have warned that ‘true’ GDP growth could be lower than most forecasts are predicting due to the carryover effects of last year’s growth dynamics on this year’s figures. In 2023, the reinsurer adds that this effect should rever...
Posted: Sep 13, 2022
Everspan Group, a specialty property and casualty insurance platform, has launched a program partnership with Centrex Underwriters – a managing general agent (MGA) that specialises in liquor liability and general liability insurance for the hospit...
Posted: Sep 13, 2022
Specialist insurance M&A, strategic advisory, and capital-raising partnership, Insurance Advisory Partners (IAP), has appointed Robin Mackie and Samantha Hagar to new roles in London and New York. Mackie will take on the role of senior advisor...
Posted: Sep 13, 2022
The results of R&Q Insurance Holdings Ltd.’s Special General Meeting have been announced by the firm, with approximately 70% of total votes cast being against the removal of William Spiegel as a Director of the non-life specialty insurer...
Posted: Sep 13, 2022
Venture capital provider BP Marsh is reporting that the majority of its portfolio companies have performed well in the first six months of the year. The firm said its full-year results to 31 January 2022 showed an increase in Net Asset Value to £1...
Posted: Sep 13, 2022
Asset manager Hudson Structured Capital Management (HSCM) has promoted Rachel Bardon to deputy CIO and Gokul Sudarsana to chief actuary. The firm said in a statement that the promotions were effective from the beginning of September. Sudarsana’s a...
Posted: Sep 13, 2022
With the 2022 annual briefings having started in Monte Carlo, analysts at Goldman Sachs have highlighted a strong demand for reinsurance amid higher inflation, while capital supply is flat to down. It expects strong rate increases will continue in...
Posted: Sep 13, 2022
Insurance and reinsurance broker Aon has named Jeremy Goodman as the UK president for its Reinsurance Solutions business. Goodman is to take on the role immediately, relocating from Singapore to London, but will maintain his role of head of global...
Posted: Sep 13, 2022
Leaders at Lockton’s dedicated reinsurance division, Lockton Re, have said that they expect to see the reinsurance broker market thin out over the next couple of years, as some players fail to remain competitive. Speaking during a roundtable...
Posted: Sep 13, 2022
Global specialty cyber underwriting firm, Envelop Risk, has announced the launch of its Bermuda-based Envelop Capital Markets practice, which will be led by underwriter and insurance-linked securities (ILS) specialist, David Ross. The practice is...
Posted: Sep 13, 2022
With a risk horizon that is constantly shifting and challenging the industry in advanced ways, Chief Operating Officer and Head of the Reinsurance division at Everest Re, Jim Williamson, discusses the firm’s approach to navigating said risks...
Posted: Sep 13, 2022
Reinsurance and financial management holding company FG Financial Group has said it intends to grow through the formation of a new merchant banking division. The firm said in a statement that it will work with Fundamental Global, a private partner...
Posted: Sep 13, 2022