Reinsurance News
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ASSA becomes latest re/insurer to join the Blue Marble Microinsurance consortium
8th March 2018
ASSA Compañía Tenedora, S.A. (ASSA) has joined Blue Marble Microinsurance, a consortium of eight companies collaborating to improve the socio-economic environment of the underprivileged through commercially viable insurance solutions. ASSA has become the latest re/insurer to join the Blue Marble consortium, currently consisting of American International Group; Aspen Insurance Holdings; Guy Carpenter ... Read the full article
RMS names Adam Sandler as Head of Underwriting, Cyber and Model Solutions
28th February 2018
Risk modeller RMS has named Adam Sandler as Head of Underwriting, Cyber and Model Solutions, set to oversee the expansion of RMS business in cyber, data, underwriting and models solutions with a focus on digital risk and underwriting transformation. Sandler joins from QBE North America, where he was Senior Vice President and ... Read the full article
AI can deliver more efficient client value: Dan Glaser, MMC
19th February 2018
Marsh & McLennan (MMC) President and Chief Executive Officer (CEO) Dan Glaser discussed the role of Artificial Intelligence (AI) in both disrupting and advancing the re/insurance industry, noting its potential to improve data use and drive more efficient value to customers, in a recent interview with A.M. BestTV. Commenting on how ... Read the full article
MMC names Stacey Mills as VP and Controller
22nd December 2017
Marsh & McLennan Companies (MMC) has announced the appointment of Stacey Mills as Vice President (VP) and Controller, a role that will see her serve as the company's Chief Accounting Officer (CAO), effective January 1st, 2018. Mills joined the firm in 1999 as Controller of Putnam Investments, and has served as ... Read the full article
Reinsurance price surges will be dampened by excess capital
29th November 2017
CreditSights anticipates a hardening of the rate environment going into the January 2018 renewals in the natural catastrophe affected lines of business, but not within the overall reinsurance market owing to excess capacity. Analysts suggest that price changes will follow patterns seen after 2005 when reinsurance capital was significantly depleted by ... Read the full article
WEF & re/insurers work to close emerging risks protection gap
19th October 2017
In a new World Economic Forum-led initiative, re/insurers, tech firms, and government representatives will collaborate to develop strategies for the management of emerging risks from fourth industrial revolution innovations. Innovations such as drones and driverless cars have the potential to unleash a new set of uninsured risk on societies in the ... Read the full article
Willis Re in senior hires of Wafer & Livingston for North America
20th September 2017
Global reinsurance broker Willis Re has made two senior hires in its North America unit, with the appointment of Tom Wafer as Chairman, Willis Re, North America, and Jeffrey Livingston as Vice-Chair. Tom Wafer joins Willis Re from hedge fund strategy reinsurer Third Point Re (USA) Ltd., where he held the ... Read the full article
Canada Life Re & PICA in £3.4bn longevity transfer with MMC UK Pension Fund
14th September 2017
The Marsh & McLennan Companies (MMC) UK Pension Fund has entered into a £3.4 billion ($4.5bn) longevity reinsurance agreement with Canada Life Reinsurance and The Prudential Insurance Company of America (PICA), which covers the liabilities of around 7,500 pensioner members. The transaction is the first longevity risk transfer to be completed ... Read the full article
Guy Carpenter promotes Boyce to Deputy CEO Global Specialties
6th September 2017
Reinsurance brokerage Guy Carpenter has announced the promotion of James Boyce to the position of Deputy CEO, Global Specialties, effective immediately. Boyce joined Guy Carpenter in 1997 after Marsh & McLennan Companies acquired Wilcox Johnson & Higgins. He joined that firm in 1996 as an Associate Director, helping to set up ... Read the full article
Assurant names Carey Roberts EVP, Chief Legal Officer & Corporate Secretary
21st August 2017
Assurant, Inc. has announced the appointment of Carey S. Roberts as Executive Vice President, Chief Legal Officer and Corporate Secretary, effective October 30th, 2017. Roberts joins the firm from Marsh & McLennan Companies, Inc., where she had held the position of deputy general counsel and corporate secretary since October 2014, with the addition ... Read the full article
Asirom VIG names Florin Niculescu Head of Underwriting, Reinsurance
11th July 2017
Romania's Asirom Vienna Insurance Group (Asirom VIG), which is part of Vienna Insurance Group (VIG), recently announced the appointment of Florin Niculescu has Head of Underwriting, Reinsurance unit. Niculescu brings almost 20 years of industry experience to the new role, and will be tasked with coordinating a team of 23 people. His new role ... Read the full article
XL Catlin promotes Murphy to Excess & Surplus Property Insurance Regional Leader
26th June 2017
XL Catlin's Excess & Surplus (E&S) insurance team has promoted Caitlin Murphy to Eastern Regional Vice President from senior underwriter. Murphy will work alongside E&S's property leadership team including Kyle Burnett, West Region Vice President and Brian Ahern, Central Region Vice President, and will be responsible for directing regional underwriting operations and product and ... Read the full article
Evolving property/casualty industry at inflection point: VJ Dowling
20th June 2017
Disruptive technologies are driving widespread change across the insurance and reinsurance industry and the property/casualty (P/C) sector is now at an inflection point of the ongoing change, Vincent J. Dowling, Jr. told attendees at the Marsh & McLennan Companies Young Professionals’ Global Forum, 2017. "I have been following the property/casualty industry ... Read the full article
AIG names Brian Duperreault President, CEO & Director
15th May 2017
Insurer AIG has now announced the appointment of Brian Duperreault as its new President, Chief Executive Officer (CEO) and Director, signalling his resignation as Chairman and CEO of Hamilton Insurance Group. Rumours suggesting the appointment of Duperreault as the new CEO of AIG had been circulating the insurance and reinsurance industry for the past ... Read the full article
Reinsurance News – Thursday 16th March 2017
16th March 2017
Here’s your daily Reinsurance News for Thursday 16th March 2017: NZ insurers see $694m reinsurance recovery for Kaikoura quake so far According to the Insurance Council of New Zealand insurers in the country are to reclaim NZ$694 million from the global reinsurance market following the 14th November magnitude 7.8 earthquake in Kaikoura. Read the full article