Reinsurance News
Everest Insurance, the primary division of Everest Re Group, has appointed Paul Trueman as Head of Aviation for its international business, a newly created role. In his new role, Trueman will lead the Airlines, Aerospace and General Aviation portf...
Posted: Aug 24, 2022
Ping An Insurance (Group) Company of China, Ltd. has announced its 2022 interim results reporting a net profit of RMB71,676 million. According to the announcement, Ping An maintained a steady development despite the complex, challenging internatio...
Posted: Aug 24, 2022
AXA XL has appointed Cedric Franklin as VP Regional Director, Canada, to address the continued demand for Commercial Bonds from businesses in the country. Franklin will work closely with Alex Barker, Head of Specialty Insurance for Canada and Pat...
Posted: Aug 24, 2022
A new note from the CIO of Atrium says that the London Market Group’s Data Council is aiming to create a fully automated, computer-based digital contract for insurance business. Writing on the Atrium website, Justin Emrich says that the ultimate f...
Posted: Aug 24, 2022
HDI Global has announced that Golshid Hamidi will assume responsibility for Controlling & Finance in the Finance Department of HDI Global SE with effect from 1 September 2022. Within this role, she will report directly to Chief Financial Offic...
Posted: Aug 24, 2022
Clyde & Co has expanded its Shipping and Marine Insurance practice in Singapore with the relocation of leading international litigator Andrew Bicknell. Bicknell’s relocation from London to Singapore is set to further strengthen the firm’s glob...
Posted: Aug 24, 2022
Allianz Commercial has made three appointments to its distribution team. The firm said it had promoted internally Victoria Ashman to the role of strategic account manager, while Jane Bond and Jess Kingdon have become distribution managers for the...
Posted: Aug 24, 2022
Swiss Re Corporate Solutions has appointed Andrea Douglass as senior vice president for customer management in Canada. Douglass will begin her role from 29 August and will be based in Toronto, succeeding Sarah Kestle who will retire next month. Sh...
Posted: Aug 24, 2022
R&Q is to hold a special general meeting for its Board to vote on the proposals by Phoenix to have William Spiegel removed as executive chair and director of the company. The move comes after weeks when separate camps have either affirmed Spie...
Posted: Aug 24, 2022
Berkshire Hathaway Specialty Insurance (BHSI), the insurance arm of Warren Buffett’s global insurance and reinsurance company, has announced the appointment of Ben Barker as Head of Claims, UK. Barker has nearly two decades of industry exper...
Posted: Aug 24, 2022
Markel Corporation has appointed Chris Belvedere as Senior Director, Retail Business Development. In this role, Belvedere will oversee national business development focusing on retail, particularly with Markel’s strategic and national partne...
Posted: Aug 24, 2022
The Demex Group, a noteworthy provider of comprehensive solutions for modelling, assessing, and managing climate-linked risks at scale, has announced the launch of new snowfall insurance products. Revenue and operating costs in snow-sensitive busi...
Posted: Aug 24, 2022
Ratings agency, AM Best has assigned Generali Hong Kong a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent). The outlook assigned to these ratings is stable. The ratings reflect Generali Hong Kon...
Posted: Aug 24, 2022
Stubben Edge has acquired specialist international insurance firm, Genesis Special Risks Ltd (GSR), along with its experienced team, led by MD Nick Howard. GSR is a Lloyd’s broker and has a longstanding track record in the provision of bespoke war...
Posted: Aug 24, 2022
According to GlobalData, the general insurance market in Japan is set to grow at a compound annual growth rate (CAGR) of 3% from $101.6 bn in 2021 to $133.1bn in 2026, in terms of gross written premiums (GWP), driven by a rise in demand for commer...
Posted: Aug 24, 2022
The rankings for the world’s largest reinsurance companies saw a lot of movement through 2021, new data from AM Best shows, with particularly significant shake-ups seen within the top 10 list. Munich Re maintained its top spot as largest reinsurer...
Posted: Aug 23, 2022
The legacy that arose from Hurricane Andrew’s landfall in Florida is under strain from the effects of man-made crises today, says a new report. The report, It’s Not Just the Weather: The Man-Made Crises Roiling Property Insurance Markets, posits t...
Posted: Aug 23, 2022
Global law firm Norton Rose Fullbright has announced the arrival of a four-person insurance corporate regulatory team, comprised of partner Robert Romano, counsel Jonathan Bank and insurance specialists Al Bottalico and Stewart Keir. Joining from...
Posted: Aug 23, 2022
According to a recent Fitch Ratings peer review, the ratings of the Midsize Niche North American Life Insurers peer group are driven by their differentiated business profiles. Fitch views the Reinsurance Group of America’s (RGA) entrenched market...
Posted: Aug 23, 2022
Specialty insurer and reinsurer, Canopius Group has appointed former WTW Head of Weather and Climate Risk Research, Geoffrey Saville, as Head of Catastrophe Research. Saville took to LinkedIn to share the news of his new role, he said: “Happy to b...
Posted: Aug 23, 2022
Liberty Mutual Insurance has appointed Kevin Smith as President of Global Risk Solutions (GRS) North America, where he will report to GRS President, Neeti Bhalla Johnson Within this new role, Smith will be accountable for delivering GRS North Amer...
Posted: Aug 23, 2022
It would not be remiss to think that a product that transfers risk from farmers to insurers would be an easier sell, given that the former are less able to handle risk than the latter. Likewise, it should be an easy sell for a product that stabili...
Posted: Aug 23, 2022
Cover Genius, an insurtech for embedded insurance, has announced three key additions to its leadership team as demand for embedded protection continues to increase. Barney Pierce has been appointed Senior Vice President of Partnerships in APAC. He...
Posted: Aug 23, 2022
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Lewis Edwards to the newly created role of Head of Delegated Authority Practice (DAP). Edwards joined LSM in 2018 and has over 20 years of experience in the indu...
Posted: Aug 23, 2022
Insurance broker Marsh and global specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility. Launched earlier this month, the facility provides coverage for vital grain and food product...
Posted: Aug 23, 2022