Reinsurance News
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Swiss Re appoints Pranav Pasricha as Global Head P&C Solutions, Reinsurance
23rd July 2020
Global reinsurance giant Swiss Re has named Pranav Pasricha, current Chief Executive Officer (CEO) of Intellect SEEC, as Global Head P&C Solutions of the company's global Reinsurance arm, effective August 3rd, 2020. He takes over from Eric Schuh, who is leaving the reinsurer to take on an exciting new challenge outside ... Read the full article
COVID-19 market dislocation creating opportunities in some lines: AM Best
15th July 2020
Coronavirus-driven market dislocation is creating attractive opportunities for insurers in some lines of business, according to AM Best. The ratings agency notes how a number of existing companies, including Beazley, Fidelis, Hiscox, Lancashire, QBE and Renaissance Re have all announced capital raising initiatives to bolster balance sheets in response to uncertainty, ... Read the full article
HDI Global Specialty bolsters Management Liability, FI team with Neon hires
29th June 2020
HDI Global Specialty SE, the collaborative specialty insurance venture between HDI Global and Hannover Re, has added Louise Parker and Charles Boorman to its Management Liability & Financial Institutions team. Both join the specialty lines insurer’s London office from Neon Syndicate 2468 with immediate effect. Parker joins as Senior Underwriter Management Liability ... Read the full article
Probitas 1492 announces plans to launch a new managing agency
19th June 2020
Probitas 1492, an underwriting Syndicate at Lloyd's of London, has announced plans to establish a new managing agent, Probitas Managing Agency Limited (PMAL) to assume the management of Syndicate 1492 from Capita Managing Agency Limited. Lloyd's has granted Probitas 1492 'in principle' approval to establish the new managing agent, PMAL, which, ... Read the full article
Australian carriers face reinsurance price hike at July renewal: Morgan Stanley
16th June 2020
Australia's primary insurers, which make heavy use of reinsurance and which have exceeded cat budgets in recent years, face a significant increase in reinsurance rates at the upcoming July 1 renewals, according to Morgan Stanley. Amid a wider global trend of reinsurance hardening, Australia in particular has seen a consistent increase ... Read the full article
W. Marston Becker joins AXIS Board of Directors
3rd June 2020
Bermuda based reinsurer AXIS Capital Holdings has announced the addition of W. Marston Becker to its Board of Directors. Becker, who will serve as a member of the Executive, Finance and Risk Committees, boasts a 35-year career in the re/insurance industry, with numerous senior leadership roles at brokers across Bermuda, the ... Read the full article
Capsicum Re adds Shane Aldons to Motor & Casualty division
3rd June 2020
Capsicum Re, the specialist reinsurance broker, has continued its investment in industry talent and specialist expertise with the appointment of Shane Aldons to its Motor & Casualty division, who joins this week. Aldons brings over 20 years’ reinsurance market and its hoped his background in underwriting, pricing and senior client relationship ... Read the full article
UK regulator identifies disputable BI policy wordings
1st June 2020
As part of its effort to seek legal clarity on business interruption (BI) claims related to the COVID-19 pandemic, the Financial Conduct Authority (FCA) has identified a sample of policy wordings that are representative of the key arguable issues. The UK regulator announced on May 1st that it would seek ... Read the full article
Matthew Crane named CEO of THB Group & President of Intl. for AmWINS
5th May 2020
Specialist insurance and reinsurance broker THB has named Matthew Crane as Chief Executive Officer (CEO) of THB Group and President of the International division of AmWINS Group, Inc. Crane takes over from Frank Murphy, who has served as CEO of THB Group since 2009 and who is in his 45th year ... Read the full article
Arch promotes Croome and Biggas at Syndicate 12
28th April 2020
Arch Insurance International, a division of Arch Capital Group Ltd., has announced the promotion of both James Croome and Marie Biggas at Arch Syndicate 2012. Croome has been promoted to Active Underwriter and Biggas to Deputy Active Underwriter and, both new roles are in addition to their existing underwriting management roles ... Read the full article
Tokio Marine HCC adds adds Nick Pastor as SVP, Chief Actuary
16th April 2020
Tokio Marine HCC, a member of Tokio Marine Group, has appointed Nick Pastor as senior vice president and Chief Actuary. He reports to Tom Weist, Tokio Marine HCC’s Co-Chief Financial Officer. Pastor brings more than 25 years of actuarial experience to the role and most recently served as Deputy Chief Actuary at ... Read the full article
Markel International adds Bo Yu as Claims Lead for Asia
14th April 2020
Specialist insurer Markel International has announced the appointment of Bo Yu as Claims Lead for Asia. Bo joins with close to ten years’ experience and will be the first point of contact for all claims arising through Markel’s offices in Singapore, Hong Kong, India and Labuan. He will work closely with the ... Read the full article
D L Dale & Others, Syndicate 2525 adds Harcus as head of Intl casualty
9th April 2020
Specialist employers' and third party liability Lloyd's insurer D L Dale & Others, Syndicate 2525, has announced the appointment of Charles Harcus as head of international casualty. Harcus joins from Apollo Syndicate where he has served as head of international casualty since 2014. Prior to this, he was portfolio manager, international casualty, ... Read the full article
Victor appoints Matteo Bonfà as Country Leader of Victor Italia
8th April 2020
Managing general underwriter (MGU) Victor Insurance Holdings has announced the appointment of Matteo Bonfà as Country Manager, Victor Italia, effective immediately. With a 20-year career in the insurance industry, Bonfà has extensive underwriting expertise, particularly in the medical malpractice sector. This includes positions first as an underwriter at Lloyd's of London, then ... Read the full article
Munich Re Specialty names Ironshore’s Hui Yun Boo as Head of Asia
2nd April 2020
Munich Re Specialty Group, a division of global reinsurer Munich Re, has announced the appointment of Hui Yun Boo as Head of Asia, effective April 3rd, 2020. In her new role, Hui Yun will be based in Singapore and will be responsible for leading the reinsurer's Syndicate offices throughout the Asia ... Read the full article
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