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Gallagher Re appoints Hiscox’s Louise Marling as UK COO
30th April 2024
Louise Marling has been named as the successor to Gina Butterworth and will take over as reinsurance broker Gallagher Re's UK Chief Operating Officer (COO), subject to regulatory approvals. It was announced yesterday that Butterworth has been promoted to Global Transformation Director at Gallagher Re. She will be replaced by Marling, ... Read the full article
SCOR unveils simpler & more effective business structure
11th March 2024
French reinsurer SCOR has announced new structures within its Property & Casualty (P&C) and Life & Health (L&H) segments as the firm looks to become "a simpler and more effective organization", enabling more immediate client access and decision-making. SCOR has decided to simplify the structures within P&C and L&H, which for ... Read the full article
Stonybrook–Weild NA Insurance Composite maintains record setting performance
27th February 2024
The Stonybrook Capital and Weild & Co. North American Insurance Composite showed a notable increase of 1.5% during the week of February 16th-23rd, maintaining its record setting performance from the preceding week (Feb 9th-16th), which saw a rise of 2.1%. Throughout the week, the Composite nearly outperformed all major indices, coming ... Read the full article
Stonybrook–Weild Composite up 2.1% in record setting week
20th February 2024
The North American Insurance Composite marshalled by Stonybrook Capital and Weild & Co. was up 2.1% for the week of Feb 9th-16th, "likely setting a record-high weekly close", with most issues having eclipsed their previous records. The Composite also reportedly beat all major indices for both the week and year to ... Read the full article
BMS welcomes Craig Douglas as Director of Energy and Complex Liability
20th February 2024
Specialist insurance and reinsurance broker BMS has announced the appointment of Craig Douglas as Director of Energy and Complex Liability. Based in Bermuda, Douglas will be reporting to Russell Williams, Head of Liability at BMS in Bermuda. The executive brings to his new role 25 years of industry experience. He joins BMS ... Read the full article
Hadron expands into the UK with Folgate Insurance acquisition
1st February 2024
Hybrid insurer Hadron has entered the UK market with the acquisition of Folgate Insurance Company Limited, terms of the transaction were not disclosed. Based in the US, Hadron announced its launch in the fourth quarter of 2023 with a significant capital injection of over $250 million from Altamont and other ... Read the full article
BMS Re announces new co-CEOs as Pete Chandler transitions to vice-chair
31st January 2024
Global reinsurance broker BMS Re has appointed Andrew Wheeler and Russ McGuire as co-Chief Executive Officers (CEOs) following the transition of Pete Chandler to vice-chair of the company. Chandler led the reinsurance broker for more than four years, and will remain a director on the US board as he assumes a ... Read the full article
ShoreOne Insurance hires Carlson as CFO
5th January 2024
ShoreOne Insurance Managers has appointed Russell (Russ) Carlson as Chief Financial Officer (CFO), joining the executive leadership team, where he will report to the company's Chairman & Chief Executive Officer, Nick Steffey. Based in Massachusetts, Carlson brings more than 20 years of financial leadership and insurance expertise towards his new role. He ... Read the full article
Lloyd’s expands investment horizon with launch of US Direct Lending Fund
15th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of ... Read the full article
Swiss Re acquires flood risk modeller Fathom
14th December 2023
Global reinsurance giant Swiss Re has acquired Bristol, UK-based provider of water risk intelligence and flood models, Fathom, which will retain its own brand and work closely with the firm's Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, and models. Swiss Re says ... Read the full article
Marsh announces new leadership appointments to its UK and Global Placement team
13th December 2023
Marsh, insurance broker and a business of Marsh McLennan, has announced a series of senior appointments across its UK and Global Placement leadership team, including Tom Davies’ as Placement Leader, UK, effective 1 January, 2024. Davies brings over 30 years of experience to his new role, and currently is Global CEO ... Read the full article
Swiss Re partners with Guidewire to reduce operational friction across the industry
13th November 2023
Swiss Re has partnered with Guidewire, a software company that offers an industry platform for property & casualty (P&C) insurers, to help reduce operational friction between risks, insureds, insurers, reinsurers, and intermediaries. The partnership will provide Guidewire and Swiss Re customers with a suite of analytics products, integrations, and data transfer ... Read the full article
Root partners with Admiral’s Connect to offer embedded insurance solutions
9th November 2023
Root, an end-to-end digital insurance platform, has announced its first strategic partnership in the UK with Connect, a subsidiary of the leading insurer Admiral Group, to develop an embedded insurance platform. Connect is an API-first embedded insurance platform, developed to make it easy for businesses to incorporate insurance solutions into their ... Read the full article
Swiss Re Reinsurance Solutions: A partner for more efficiency and innovation
13th September 2023
As the global reinsurance industry meets in Monte Carlo for the 65th edition of the Rendez-Vous de Septembre (RVS), we spoke with the Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, Russell Higginbotham, about the division's value proposition and critical differentiators in an evolving industry. Greater efficiency and innovation were ... Read the full article
Opportunity for Swiss Re to provide additional solutions in commercial & specialty: Higginbotham
11th September 2023
While rising losses from natural catastrophe events remains a significant challenge for the industry, Russell Higginbotham, Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, sees interesting opportunities in both commercial and specialty insurance. Higginbotham spoke with Reinsurance News around the annual meeting of the reinsurance industry in Monte Carlo, to ... Read the full article