Reinsurance News
Specialist, independent managing general underwriter (MGU) and Lloyd’s syndicate-in-a-box (SIAB), Carbon Underwriting Limited, has now received ‘in principle’ approval to from the marketplace to become a full Lloyd’s syndicate fr...
Posted: Sep 07, 2022
Seamus MacLoughlin has joined North End Re, a Bermuda-based reinsurance subsidiary of Brookfield Reinsurance, as Chief Actuary. The announcement was made via LinkedIn, with MacLoughlin joining the firm after three years with Enhanzed Reinsurance,...
Posted: Sep 07, 2022
Bermuda-based PartnerRe has announced the appointment of Abina Kealy as its new Chief Financial Officer (CFO) and member of the firm’s Executive Leadership team, effective September 6th, 2022. Previously, Kealy served as the reinsurer’...
Posted: Sep 07, 2022
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022. The report notes there have been no hurricanes in the first half of 2022’s Atlantic storm season, with o...
Posted: Sep 07, 2022
Beazley’s Group Head of Strategy, Rachel Turk has recently joined the London Market Group (LMG) board, replacing Richard Harries, CEO of Atrium, representing the Lloyds’s Market Association. Matthew Moore, Chair of the London Market Group said: “I...
Posted: Sep 07, 2022
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jesse van Cleef to the newly created role of Head of MBTC Europe, Financial Risk Solutions (FRS). Based in the Netherlands, Van Cleef will report to Alexandra P...
Posted: Sep 07, 2022
Led by the life insurance and pension segment, analysts at GlobalData have forecasted that the Malaysian insurance industry will reach $26.7 billion in 2026. According to GlobalData, the insurance industry of the Southeast Asian country will grow...
Posted: Sep 07, 2022
Analysts at S&P Global Ratings are expecting natural catastrophe business to contribute only about 2.5 percentage points to return on equity (ROE) for the top 21 global reinsurers in 2022. And this is if losses remain within annual budgets, wh...
Posted: Sep 06, 2022
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers through the first half of 2022. The data, collected by RAA from 17 reinsur...
Posted: Sep 06, 2022
AXIS Capital Holdings (AXIS), has announced the promotion of Dan Draper from Group Head of Underwriting to Chief Underwriting Officer (CUO). Based in London, Draper will report to President and CEO Albert Benchimol and join the company’s executive...
Posted: Sep 06, 2022
Howden RE and TigerRisk have announced the creation of Howden Tiger SabRE (SabRE), a new group combining their MGA operations and programme capabilities. SabRE will come into form following the completion of Howden Group Holdings’ (Howden) acquisi...
Posted: Sep 06, 2022
According to a Moody’s Investors Service report, reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates. Catastrophe losses and a heightened perception of risk following the pandemic...
Posted: Sep 06, 2022
According to a recent S&P Global Ratings report, capitalization remains a key ratings strength for Bermudian re/insurers amid opportune capital raises. Per S&P’s risk-based capital adequacy model, Bermudian re/insurers’ aggregate cap...
Posted: Sep 06, 2022
Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of Cherie Dill as Head of Actuarial Pricing, International. Prior to this appointment, Dill was Vice President of Actuarial at Everest Re and was base...
Posted: Sep 06, 2022
RMP Education, the specialist education team of Risk Management Partners (RMP), a specialist public sector and higher education MGA, has entered into a long-term partnership with London Universities Purchasing Consortium (LUPC). Through this partn...
Posted: Sep 06, 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has appointed Tony Bishop as Group Head of Data and Analytics. He joins the company from Swiss Re, where he most recently served as Head Data Office for the Swiss Re Corporate Solution...
Posted: Sep 06, 2022
According to analysts at Fitch, Thailand’s life industry has no exposure to lump-sum payout policies, and experienced stable operation during the COVID-19 pandemic. Analysts also noted that local life reinsurers remain profitable with a rise in CO...
Posted: Sep 06, 2022
Total, dedicated reinsurance capital fell by 11% to $647 billion as at the end of June 2022 on the back of investment losses, although the sector’s financial strength remains healthy, according to Gallagher Re’s latest reinsurance mark...
Posted: Sep 06, 2022
Global speciality re/insurer Canopius Group has announced the appointment of Megan Shao as head of claims for Asia-pacific, effective immediately. Shao holds over 14 years of specialist claims experience along with extensive regional expertise. Sh...
Posted: Sep 06, 2022
Nigel Hanbury, CEO of Helios Underwriting and Board member of Association of Lloyd’s Members, has said it will be a case of “suck it and see” when it comes to the new exclusions for state-backed cyber attacks recently laid out by Lloyd’s. In a pub...
Posted: Sep 05, 2022
AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Wentworth Insurance Company Limited. The Credit Ratings have been placed under r...
Posted: Sep 05, 2022
Specialty managing general agent (MGA) Optio Group, has added active assailant cover for hospitals and medical facilities, further expanding its political violence & terrorism (PVT) proposition. Facilities like hospitals rely on the government...
Posted: Sep 05, 2022
In a recent report, analysts at management consulting firm McKinsey have outlined the risks inflation poses to the insurance industry, noting how US P&C insurers can build resilience against it. The report writes that the insurance industry fa...
Posted: Sep 05, 2022
Insurance brokers across the UK now have access to the cybersecurity tools provided by American insurer Coalition, as it has commenced trading in the country this month. Coalition entered a multi-year capacity agreement with Allianz Global Corpora...
Posted: Sep 05, 2022
Aon Reinsurance Solutions, the reinsurance arm of global brokerage of Aon, has hired veteran Jim De Pre to lead the Strategy – Accident & Health team in the US as Senior Managing Director. De Pre has over 40 years of industry experience,...
Posted: Sep 05, 2022