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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 via Banking Day, explores the entry of Arch Capital Group in the Australian mortgage ... Read the full article

Reinsurance News – Wednesday 12th April 2017

12th April 2017

Here’s your daily Reinsurance News for Wednesday 12th April 2017: Traditional reinsurance capital declined by $3 billion in Q4 2016: Aon During the final quarter of 2016 the volume of traditional reinsurance capital declined by $3 billion, while the level of alternative capital increased by $3 billion, meaning overall reinsurance capacity ... Read the full article

Reinsurance News – Friday 7th April 2017

7th April 2017

Here’s your daily Reinsurance News for Friday 7th April 2017: Favourable terms seen at April reinsurance renewal: Aon Buyers of reinsurance protection witnessed favourable terms at the 1st April 2017 renewals with record levels of capacity maintaining pressure on pricing, according to Aon Benfield. U.S. severe weather losses $2bn+ in ... Read the full article

XL Catlin names Tuplin International Head of Cyber & Tech, Media & Telecoms

23rd March 2017

Insurer and reinsurer XL Catlin has named James Tuplin Head of Cyber & Technology, Media and Telecoms, International, based in the firm's London office. In his new role Tuplin will be responsible for the underwriting of cyber insurance and professional indemnity insurance for the technology and media sectors. Tuplin has roughly 15 years ... Read the full article