Reinsurance News

Your search for “QBE”

B3i platform gains traction as it prepares to launch legal entity

18th December 2017

As B3i, the Blockchain Insurance Industry Initiative, prepares to launch as a legal entity in early 2018, independent research shows a strong business model with  adoption potential for re/insurers across all lines of business with an estimated average 12% efficiency improvement of cost in scope across the value chain. Market analysis commissioned ... Read the full article

FEMA set for full $1.024 billion NFIP flood reinsurance recovery

6th December 2017

The U.S. Federal Emergency Management Agency (FEMA) is set to recover the full $1.024 billion under its 2017 flood reinsurance program for the National Flood Insurance Program (NFIP), as its estimates show the entire layer blown by losses from hurricane Harvey. The 2017 reinsurance program was placed in January 2017 and ... Read the full article

Neon hires Heppell from MS Amlin to be CFO

24th November 2017

Insurance and reinsurance specialist Neon has announced the hiring of Richard Heppell, previously of MS Amlin Underwriting Ltd., as its new Chief Financial Officer. Heppell oversaw the integration of the Amlin and Mitsui Sumitomo Insurance Lloyd’s syndicates, and was previously the Finance Director at Mitsui Sumitomo. Before that he held a range ... Read the full article

Acappella names Bessant as Head of War, Terrorism, & Political Violence insurance

10th October 2017

Acappella Syndicate 2014  has named Louise Bessant as new Divisional Head of its War, Terrorism & Political Violence Insurance Portfolio. Bessant will be supported by Emily Humphries who joined Acappella in 2015. Bessant brings over 25 years of London market experience to the new role, including four years at Canopius before moving ... Read the full article

23 new members join B3i market testing phase

2nd October 2017

B3i, the blockchain insurance industry initiative, has announced that 23 new entrants have joined its Market Testing program, following the launch of a working market testing prototype at the meeting of the reinsurance industry in Monte-Carlo. The B3i initiative has attracted global interest, and the testing phase is scheduled to start ... Read the full article

Munich Re, HDI, Everest Re, Lloyd’s most exposed to Puerto Rico hurricane loss: KBW

27th September 2017

Analysts at Keefe, Bruyette & Woods (KBW) have provided an updated list of the reinsurers they deem likely to take the biggest share of the losses from hurricane Maria's devastating impact on Puerto Rico. Top of the list of those assuming risk from insurers operating in Puerto Rico is global reinsurance ... Read the full article

“Significant damage” from Mexico City earthquake: AIR

21st September 2017

The magnitude 7.1 earthquake that struck Mexico two days ago around 75 miles from the capital city has caused "significant damage" according to catastrophe risk modeller AIR Worldwide. Once losses are tallied the international reinsurance market is expected to take a significant proportion of the claims. It was the second major ... Read the full article

Top 50 Global Reinsurance Groups

4th September 2017

Top 50 Global Reinsurance Groups This Top 50 Global Reinsurance Groups directory is based on research data from rating agency A.M. Best. Listing the top reinsurers in the world, this directory provides a simple way to analyse the world's top reinsurance companies. The global reinsurance groups featured are ranked by unaffiliated gross reinsurance ... Read the full article

Insurance sector M&A declines in H1 but expected to rebound: Clyde & co

8th August 2017

The volume of insurance mergers and acquisitions (M&A) in the first-half of 2017 declined by 8.6% to 170 deals when compared with the preceding six months, although more deals are expected in the remainder of the year, according to Clyde & Co. Clyde & Co's recently published mid-year 2017 Growth Report ... Read the full article

Chubb UK & Ireland promotes Savvas to Head of PI

4th August 2017

Chubb UK and Ireland has announced the promotion of Chris Savvas to Head of PI as it looks to develop and improve its capabilities in financial lines and the professional indemnity sector. The appointment is effective immediately and is a promotion from Savvas' previous position of Senior PI Underwriter. He will be ... Read the full article

Berkshire Hathaway Specialty Insurance opens Dublin office, names P&C manager

2nd August 2017

Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced the launch of a new Dublin, Ireland office and the appointment of Cormac McNamara as the unit's Property & Casualty (P&C) Manager. McNamara joins the firm with 24 years of insurance industry experience across the UK and ... Read the full article

Neon hires two executives for financial and casualty lines

1st August 2017

Neon has appointed Charles Boorman to Head of Financial Lines and Ian West to Director of Major Client Relations for Casualty Lines as the firm consolidates expansion of its financial lines products and geographic offering. Boorman is an insurance industry veteran with 25 years experience, joining Neon from a role as ... Read the full article

Sompo Canopius hires Bruce Shepherd as credit and political risk analyst

31st July 2017

Sompo Canopius AG has appointed former QBE analyst Bruce Shepherd to credit and political risk analyst, set to lead credit analysis within the firm's credit, political and crisis division. Shepherd, an experienced credit analyst with a specialisation in complex, structured credit risk in industrialised and emerging markets, will be reporting to ... Read the full article

Sirius strengthens casualty team with Erik Soria as new Vice President

25th July 2017

Sirius Group has strengthened its casualty reinsurance team with the appointment of Erik Soria, who joins from QBE Re Bermuda, to Vice President of Casualty. In his Bermuda based role, Erik will underwrite the firm's casualty portfolio, reporting to Sirius Bermuda CEO Warren Trace. Trace commented on the appointment; “I have known ... Read the full article

Arch moves into Australian market for mortgage re/insurance risk

12th May 2017

Insurer and reinsurer Arch Capital Group's eased entry into the Australian market for mortgage re/insurance has impacted established reinsurance names, as the firm's capabilities in the marketplace begin to be tested. A recent article on macrobusiness.com.au via Banking Day, explores the entry of Arch Capital Group in the Australian mortgage ... Read the full article