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HDI Global Specialty SE Australia bolsters senior team with two new hires
12th August 2020
HDI Global Specialty SE Australia, the specialty lines insurer, has announced the appointments of Anja Dix-Eberhardt as Head of Risk and Compliance, and Nick Newton who joins as Head of Finance & Operations. Dix-Eberhardt moves from QBE Group where she held senior roles in both Risk Reporting & Systems and Enterprise ... Read the full article
Peter Askew named President & CEO of Guy Carpenter in Canada
5th August 2020
Reinsurance broker Guy Carpenter has named Peter Askew as President and Chief Executive Officer (CEO) of its Canadian business, effective immediately. Askew succeeds Donald Callahan, who has stepped down from the role in Canada after two decades, and will continue to support Askew. Callahan will remain with the reinsurance broker in ... Read the full article
Climate data start-up Jupiter raises capital from Liberty Mutual, MS&AD
3rd August 2020
Jupiter, a provider of predictive data and analytics for climate risk, has raised additional capital from P&C insurers Liberty Mutual and MS&AD, as well as from SYSTEMIQ, which specialises in sustainable economic systems. Jupiter plans to use the new capital to fuel the expansion of its operations and increase product development. "In ... Read the full article
Arch hires new senior underwriters to its Australian Insurance unit
29th July 2020
Arch Capital, the global re/insurer, has announced the appointment of Simon Reid and Melissa Ahern to its Insurance division in Australia, as Senior Underwriters in Accident & Health. The pair will join Arch Insurance International with immediate effect from 29th July 2020. Reid and Ahern will be responsible for providing targeted solutions ... Read the full article
COVID-19 insurer & reinsurer loss reports
27th July 2020
COVID-19 loss reports and reserves reported by insurance or reinsurance companies This table documents publicly reported COVID-19 pandemic-related losses, IBNR reserves and estimates from insurance and reinsurance companies. The data was originally collected by Zurich-based financial services advisory PeriStrat LLC, operated by Hans-Joachim Guenther, and has now been ... Read the full article
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