Reinsurance News

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Verisk invests in London insurtech HUG HUB

12th October 2021

Global data analytics provider Verisk has made a strategic investment in London based Insurtech HUG HUB in a deal designed to enable the latter to expand and enhance its platform. HUG HUB’s digital platform aims to transform the way insurers, managing general agents and brokers engage with their customers. With Verisk’s support, ... Read the full article

TigerRisk adds Jim Kilduff to lead MGA efforts

11th October 2021

Re/insurance risk, capital and strategic advisor TigerRisk Partners has added Jim Kilduff to lead the firm’s Managing General Agents business. Kilduff joins from Harbor Hill Solutions where he served as Chief Executive Officer. He brings 20 years’ experience to the role and has shown the capacity to enable MGAs find and secure ... Read the full article

Palomar Holdings enters fronting sector of U.S. insurance market

9th September 2021

Palomar Holdings has entered the fronting sector of the United States insurance market, through its business PLMR-FRONT. PLMR-FRONT will partner with reinsurers, insurance carriers and managing general agents to enable the design and operation of customised insurance programs. The company will front paper on both an admitted and non-admitted basis through Palomar ... Read the full article

AM Best assigns positive credit ratings to Spinnaker

12th July 2021

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Spinnaker Specialty Insurance Company (Spinnaker Specialty) (headquartered in Bedminster, NJ). The outlook assigned to these Credit Ratings (ratings) is stable. AM Best says the ratings reflect Spinnaker Specialty’s balance sheet strength, ... Read the full article

Spinnaker hires Torben Ostergaard as CEO

14th May 2021

Spinnaker Insurance Company, a fronting carrier wholly owned by insurtech group Hippo Enterprises, has appointed Torben Ostergaard as its new president and chief executive officer. Ostergaard joins Spinnaker after more than a decade in c-suite roles at insurance and financial services firm USAA. He succeeds Dave Ingrey, who will transition to chief ... Read the full article

AM RE’s Ernie Zayicek sees opportunities in post-covid US program market

14th May 2021

With a crop of strong Managing General Agents having weathered a program market further dislocated by COVID-19, AM RE Syndicate’s Ernie Zayicek sees an opportunity to help both high performing MGAs and reinsurance partners in facilitating their ambitions for growth in the US. Zayicek, who serves as Chief Operating Officer and ... Read the full article

Burns & Wilcox adds two to Canadian teams

9th April 2021

Wholesale specialty insurance company and managing general agent Burns & Wilcox has appointed two associates to its Vancouver and Calgary teams. Cheryl Fortier joins as Western Canada Manager and Murray Houck joins as Senior Underwriter. Fortier will be based in Vancouver and focus on expanding the company’s capacity and product offerings throughout ... Read the full article

AM Best notes rising prominence of DUAE model

8th April 2021

In a new report, rating agency AM Best has noted the “rising prominence” of the delegated underwriting authority enterprise (DUAE) model in the insurance industry distribution ecosystem. Analysts said that the success of this model was evident in the growing number of managing general agents (MGAs) and the amount of MGA-generated ... Read the full article

Mosaic recruits William Monat to lead transactional liability

7th April 2021

Mosaic, the global specialty insurance company recently launched by Ironshore executive Mitch Blaser, has announced the appointment of William Monat as Executive Vice President, Global Head of Mergers & Acquisitions (M&A). Based in Chicago, Monat will spearhead the specialty company’s transactional liability business and oversee underwriting operations in North America, the ... Read the full article

GRS hires Antoine Green as VP of Sales

24th March 2021

International loss adjuster Global Risk Solutions has appointed Antoine Green as Vice President of Sales as part of its expansion of its Property & Casualty Solutions team. Green has over 20 years of experience in the industry. Before joining GRS, he was National Account Executive and Assistant Vice President with a ... Read the full article

Buckle hires Everest Re’s Camerino as Head of Strategic Partnerships

18th March 2021

Insurtech company for the ride-share industry, Buckle has appointed James Camerino as Head of Strategic Partnerships. He joins from Everest Re where he most recently served as Chief Operating Officer. Previously, he was Senior Vice President at Munich Reinsurance America where he held claim, legal, and underwriting leadership positions. Prior to his COO ... Read the full article

Ambac launches specialty program insurer Everspan

11th February 2021

Financial services holding company Ambac Financial Group has announced the launch of Everspan Group, a specialty, participatory fronting program insurance business. With capital in excess of $100 million, Everspan will operate as a Financial Size Category Class VII property and casualty insurer and is expected to begin writing new specialty programs ... Read the full article

Obsidian Insurance Holdings receives A- from AM Best

13th November 2020

Obsidian Insurance Holdings has announced that AM Best has assigned an A- (Excellent) financial strength rating to its recently-formed Obsidian Specialty Insurance Company, an excess and surplus (E&S) lines insurer. Obsidian Specialty Insurance Company was established in Delaware as a domestic surplus lines insurer with the carrier receiving its certificate of ... Read the full article

R&Q’s Accredited in new program partnership with Attune

15th October 2020

Accredited Surety & Casualty Company, Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has entered into a program underwriting partnership with Attune Insurance. Attune is a program administrator with specific experience in commercial insurance programs, and currently manages a BOP program with more than $100 million in ... Read the full article

FTI Consulting hires two within Global Insurance Services unit

13th August 2020

Business advisory firm, FTI Consulting, Inc. has announced the appointment of Andrew Holderness and Nick Triggs as Senior Advisors to its Global Insurance Services practice. With the appointment of Holderness and Triggs, FTI Consulting plans to further expand its footprint for its insurance M&A and integration services in the UK and ... Read the full article