Reinsurance News

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Ten re/insurers rule out support for Australian coal mine following climate campaign

20th December 2018

Ten of the world’s largest insurers and reinsurers will not provide support for the development of Adani Group’s Carmichael coal mine in Queensland, Australia, following a campaign by 73 prominent environmental organisations. The organisations, which collectively represent 76 million members, penned a letter to 30 global re/insurance companies earlier this ... Read the full article

Lloyd’s turns to IoT for marine cargo performance improvement

17th December 2018

Lloyd’s has joined six lead market syndicates - AXA, QBE, CNA, Ascot, Antaras and Beazely - on a new initiative to begin using Parsyl, a venture-backed supply chain data platform that utilises Internet of Things (IoT) technology. The new initiative is designed for products that require specialist transport and storage, such ... Read the full article

Environmental collective urges re/insurers to pull support for Australian coal mine

6th December 2018

A collective of 73 environmental organisations has penned a letter to 30 global re/insurance companies urging them to rule out any insurance services for Adani Group’s Carmichael coal mine and associated rail project in Queensland, Australia. The organisations, which collectively represent 76 million members, hope to build on the momentum of ... Read the full article

Joseph Girardi joins RSG’s WKFC and CorRisk as SVP, Specialty Casualty

4th December 2018

Ryan Specialty Group (RSG) subsidiaries WKFC Underwriting Managers and CorRisk have announced that industry veteran Joseph Girardi has joined CorRisk as Senior Vice President (SVP) – Specialty Casualty. Girardi has more than 30 years’ experience across the commercial re/insurance industry and most recently served as SVP for Ironshore Insurance Services, where ... Read the full article

Top 100 U.S. Property & Casualty Insurance Companies

23rd November 2018

The largest P&C insurers in the United States This Top 100 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best. Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies ... Read the full article

UN partners with 16 global re/insurers to develop climate risk assessment tools

16th November 2018

The UN Environment's Finance Initiative (UNEP FI) has announced a partnership with a group of 16 large, global insurers and reinsurers, to develop a new generation of risk assessment tools that enable the risk transfer industry to better understand the impacts of climate change on their business. The 16 companies represent ... Read the full article

Zurich anticipates $175mn Hurricane Michael loss

8th November 2018

Zurich Insurance Group has released its results for the first nine months of 2018, in which it estimates that losses related to Hurricane Michael in the fourth quarter are likely to be around US $175 million. Category 4 Michael made landfall in the Florida Panhandle on October 10th as the strongest ... Read the full article

Lloyd’s welcomes new CEO John Neal

15th October 2018

John Neal has today been welcomed by Lloyd’s as its new Chief Executive Officer; he replaces Inga Beale who has led the specialist re/insurance marketplace for the past five years. Neal, whose appointment was approved unanimously by a meeting of the Council of Lloyd’s, most recently served as Group CEO of ... Read the full article

Michael Scala appointed CUO of Asia Pacific, ArgoGlobal

9th October 2018

ArgoGlobal, a Lloyd’s insurer and member of Argo Group International Holdings, has announced the appointment of Michael Scala as Chief Underwriter Officer (CUO), Asia Pacific. Scala will report to Veronica Grigg, Chief Executive Officer, ArgoGlobal Asia. “Mike is a talented leader with experience across the Asia Pacific region,” said Grigg. “At ArgoGlobal, we ... Read the full article

Tokio Marine HCC adds trio of underwriters to Professional Risk team

26th September 2018

Specialty insurer Tokio Marine HCC has appointed James Stretton, Nicola Lowe and Andrew Matthews as underwriters within its Professional Risk team. Stretton will join Tokio Marine HCC’s London office as an underwriter from QBE, where he has spent the previous 14 years. While at QBE, Stretton was responsible for the company’s small ... Read the full article

John Neal to succeed Inga Beale as CEO of Lloyd’s

9th September 2018

John Neal has been appointed to succeed Inga Beale as the Chief Executive Officer (CEO) of the specialist Lloyd’s of London insurance and reinsurance marketplace, beginning on 15 October 2018. The search for a new head has been underway since June, when it was revealed that Beale, who has led Lloyd’s ... Read the full article

Markel adds Jennifer Chang to Trade Credit and Political Risk team

6th September 2018

Markel Corporation has expanded its Trade Credit and Political Risk operations in New York with the appointment of Jennifer Chang as Underwriter and Senior Risk Analyst. Chang has nine years’ experience in the trade credit and insurance industry and has broad expertise in both commercial and risk underwriting, having most recently ... Read the full article

Munich Re moves top in A.M. Best’s 2018 reinsurance rankings

5th September 2018

Munich Re has recovered the No. 1 position from Swiss Re in A.M. Best’s annual ranking of the Top 50 Global Reinsurance Groups, which also saw Warren Buffett’s Berkshire Hathaway climb two places to No. 3, pushing Hannover Rück SE and SCOR SE to the four and five spots respectively. Read the full article

Luxembourg proving attractive but post-Brexit EU domicile choice varied

28th August 2018

A number of UK insurers and reinsurers have established new EU hubs to ensure continuity post-Brexit amid a real lack of clarity, with the new domicile of choice being driven by specific considerations, according to A.M. Best. UK insurers and reinsurers continue to move forward with their post-Brexit plans amid ... Read the full article

Syndicate 2525 hires Nick Ryan as London market Claims Manager

20th August 2018

DL Dale & Others, Syndicate 2525, the specialist employers’ and third party liability Lloyd’s insurer managed by Asta Managing Agency, has appointed Nick Ryan as London market Claims Manager. Ryan joins Syndicate 2525 from QBE, where he spent 17 years in various claims roles, most recently serving as Claims Manager for ... Read the full article