Reinsurance News

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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

Volante Global launches Gentium Motor MGA, names Managing Director

14th August 2018

Multi-class international managing general agent (MGA) platform Volante Global Limited has announced the launch of London Market based MGA Gentium Motor, with Neil Smith named as its Managing Director. Gentium Motor is focused on niche motor-related schemes and affinity groups within the international motor sector, including high-value and classic motor schemes ... Read the full article

Markel International appoints Simon Engelen as Marine & Energy underwriter

1st August 2018

Specialist insurer Markel International has announced the appointment of Simon Engelen as Senior Marine and Energy Liability underwriter. Engelen, who brings over 16 years’ experience to the role, joins from MS Amlin where he served as Marine Liability Class Underwriter for four years. Prior to that, held the same role at ... Read the full article

Tokio Marine HCC names Susan Rivera as new CEO

27th July 2018

Tokio Marine HCC has announced that Susan Rivera has been appointed as its new Chief Executive Officer (CEO), succeeding current CEO Christopher J.B. Williams from September 1, 2018. Rivera has served as Tokio Marine HCC’s Executive Vice President and Chief Operating Officer since April 1, 2018, before which she was ... Read the full article

Danny Gluszkiewicz joins BMS as a director of Australian operations

13th July 2018

Specialist insurance and reinsurance broker BMS Group Limited has announced the hiring of Danny Gluszkiewicz within its Australia team, as a Director of the Australian operations, effective August, 2018. He will be based in Brisbane, and will form part of BMS Australia's national team, reporting to BMS Australia Chief Executive Officer (CEO), ... Read the full article

Tim Plant named CEO of General Insurance, Australia & New Zealand, Zurich

9th July 2018

Zurich Australian Insurance Limited, a division of global insurer Zurich, has appointed Tim Plant as Chief Executive Officer (CEO) of General Insurance, Australia & New Zealand, effective August 7th, 2018. Plant joins the firm from icare, where he was most recently Group Executive of Insurance for NSW, which is the largest public ... Read the full article

Re/insurance industry calling for inclusive workplaces

4th July 2018

Global insurers and reinsurers, along with brokers and other organisations across the insurance industry, have collaborated to establish the Inclusive Behaviours Pledge, designed to alter behaviours and develop a more inclusive work environment across the industry. The Pledge was founded by Lloyd's and Zurich, and includes companies such as RSA, AXA, ... Read the full article

Hannover Re joins new Chinese reinsurance blockchain initiative

29th June 2018

Hannover Re, China Re, Germany General Re (Gen Re), and Zhong An Technology have launched a new intercompany trading platform to support the implementation of blockchain technology in the Chinese reinsurance market, according to China Insurance News Network. The parties recently released the Reinsurance Blockchain (BIC) White Paper in Shanghai, a ... Read the full article

Allianz planning huge UK insurance acquisition, Aviva and RSA both targets

18th June 2018

A report from The Sunday Times suggests Chief Executive Officer (CEO) of Allianz, Oliver Bäte, has been working with investment bankers for several months as he weighs up options on a list of potential deals. Allianz are said to be interested in pursuing a large UK insurance acquisition, with Aviva and ... Read the full article

CFO appointment bolsters Ascent Underwriting’s senior team

5th June 2018

London-headquartered Ascent Underwriting has announced the appointment of Rob Harden as its new Chief Financial Officer (CFO), subject to regulatory approval. Harden has over 20 years experience in the industry - including senior finance and corporate development roles at Liberty Specialty Markets, Beazley, QBE and Close Brothers - and joins from ... Read the full article

Berkshire Hathaway Specialty appoints new President of Australasia

4th June 2018

Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Mark Lingafelter as President, BHSI, Australasia. In a move that sees him assumes responsibility from its new President of U.K. & Europe, Chris Colahan. Lingafelter joins the Sydney-based role after 3 years at QBE insurance, where he served out of Singapore ... Read the full article

Hamilton Re welcomes Carol Redahan as new Controller

16th May 2018

Hamilton Re, the Bermuda-based insurance and reinsurance platform for Hamilton Insurance Group, has announced the appointment of Carol Redahan as Senior Vice President, Controller. Reporting to Hamilton Re Chief Financial Officer Vanessa Hardy Pickering, Ms. Redahan will be bringing almost 20 years’ experience within the financial services and reinsurance industries. She joins ... Read the full article