Reinsurance News
Bermuda-based provider of retrospective reinsurance and capital solutions, Catalina Group and Asta, a third-party managing agent, have received ‘in-principle’ Lloyd’s approval for a new reinsurance to close syndicate. Managed by Asta,...
Posted: Sep 13, 2022
Gallagher Re has appointed Steve Bowen to the role of chief science officer within its Global Analytics & Advisory venture as it launches its new Gallagher Research Centre (GRC). Bowen will be based in Chicago, where he will work closely with...
Posted: Sep 13, 2022
Lexington Insurance Company, an American International Group (AIG) company, has launched the Lexington Middle Market Casualty team. The team of underwriters will focus on providing insurance coverage exclusively to small-to-medium-sized commercial...
Posted: Sep 13, 2022
Analysts at Munich Re have projected that the reinsurance sector will grow by 2-3% worldwide from 2022 to 2024, despite the numerous headwinds facing the market. Alongside the 2022 RVS event in Monte Carlo this week, Munich Re flagged extreme infl...
Posted: Sep 13, 2022
Hiscox Re & ILS Chief Executive Officer, Kathleen Reardon, sat down with Reinsurance News to share her thoughts regarding the importance of diversification for reinsurers, particularly as many look to reduce catastrophe exposures. Reardon said...
Posted: Sep 13, 2022
Catastrophe loss aggregator PERILS has provided a new insurance industry loss estimate of AUD 6.292 billion (USD 4.329 billion) for the devastating Eastern Australia floods that occurred over February and March this year. This update represents a...
Posted: Sep 13, 2022
Michael Cook, Partner and Claims Advisory Leader at PwC UK, has said that he expects to see a “divergence” in the strategies employed by run-off insurers in the coming years, as more firms begin to favor short-term agility as an alternative to lon...
Posted: Sep 13, 2022
Independent Lloyd’s of London broker, Ramon International has furthered its expansion into global re/insurance markets by announcing the opening of an office in Korea to drive its Asian business. The broker has brought a majority stake in CKI Kore...
Posted: Sep 13, 2022
Leading global professional services firm, Aon plc has appointed Allan Karlsen as chief operating officer (COO) EMEA, effective September 5, 2022. The company has also confirmed that Karlsen will continue as interim CEO for Aon Denmark and its sub...
Posted: Sep 13, 2022
With the ongoing war in Ukraine and climate change set to add to inflationary pressure on the economy, at a time when some reinsurers are looking to diversify away from catastrophe business, it’s an interesting time for the marketplace, according...
Posted: Sep 12, 2022
Leading insurance infrastructure platform, Boost has appointed Emy Donavan as Chief Underwriting Officer (CUO). Within this new role, she will oversee the firms program underwriting, product development, and portfolio management in collaboration w...
Posted: Sep 12, 2022
Specialty reinsurance broker BMS Re has appointed Chris McDowell as CEO of BMS Re Bermuda. His appointment is effective November 26, 2022, following the completion of his notice period and any requisite regulatory approvals. At the same time, the...
Posted: Sep 12, 2022
Moses Ojeisekhoba, CEO Reinsurance at Swiss Re, has warned that the adverse social inflation trends afflicting the re/insurance market in the US could easily spread out to other parts of the world. Speaking at Swiss Re’s press briefing at the RVS...
Posted: Sep 12, 2022
A sovereign Russian internet could lead to cybercriminal safe havens, giving greater confidence that large-scale attacks can be carried out without consequences, says a new report by cyber risk analytics expert CyberCube. The report examines the r...
Posted: Sep 12, 2022
French reinsurer SCOR has announced that Chris Beazley, formerly of MS Amlin AG (now known as MS Reinsurance), has joined the firm as the new Chief Executive Officer (CEO) of both SCOR UK and the SCOR Syndicate, effective September 20th, 2022. Sub...
Posted: Sep 12, 2022
At its meeting today, the RVS general assembly elected Denis Kessler, a member of the association and representative of the French market since 2010, to take over from Claude Tendil as President. As stated when last re-elected in 2020, Claude Tend...
Posted: Sep 12, 2022
While it remains too early to predict how the January 1st, 2023, reinsurance renewals will develop in Asia, current trends suggest that tight market conditions will persevere as demand for protection rises, according to Franz Josef Hahn, Chief Exe...
Posted: Sep 12, 2022
Property and Specialty re/insurer IQUW has announced the strengthening of its Property team with the appointments of John Brown as Lead Underwriter, and Stuart Bell as new Head of Property Claims. Brown joins from Beazley, where he was Senior Unde...
Posted: Sep 12, 2022
As carriers and brokers embark on technology transformations, one of the key considerations is to review the existing process, and look at how it can be optimised and how you can apply technology to make that process even better, says Justin Davie...
Posted: Sep 12, 2022
Vesttoo has announced the appointment of reinsurance and ILS expert Julia Henderson as Chief Commercial Officer. Henderson has worked in the reinsurance sector for 18 years, having held executive roles at PartnerRe, Brit Insurance, Peak Capital, a...
Posted: Sep 12, 2022
The global insurance and reinsurance industry needs an “iconoclastic moment” on a similar scale to the introduction of catastrophe risk models in the 1990’s, if it is to ensure its long-term sustainability, Chris McKeown of re/insurer Vantage Risk...
Posted: Sep 12, 2022
Greg Case, the Chief Executive Officer (CEO) of brokerage Aon, believes that the insurance and reinsurance industry is faced with a “generational opportunity” to make a difference. Case addressed an audience this morning at the PwC bre...
Posted: Sep 12, 2022
Swiss Re’s Group Chief Investment Officer and Country President for Switzerland, Guido Fürer, is set to retire after spending 25 years with the company. Fürer commented on his retirement, stating, “After a 35-year-long, fulfilling career in the fi...
Posted: Sep 12, 2022
LGT Capital Partners has announced that US-based investor, The Kresge Foundation, has become an external equity investor in its reinsurer Lumen Re, in addition to the appointment of two senior managers in Bermuda. Structured as a co-investment alo...
Posted: Sep 12, 2022
Hannover Re has said that it expects next year to be one of price increases and improved conditions in property and casualty reinsurance. The firm said in a statement that the first half of 2022 proved challenging for primary insurers and reinsure...
Posted: Sep 12, 2022