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Relation appoints new President and CFO
1st September 2023
Relation Insurance Services , one of the largest and fastest-growing national insurance brokerages, has announced the appointment of Russell Brown as President and Charissa Hartmann Chief Financial Officer (CFO). Brown joined Relation upon its acquisition of his prior firm, Premier Consulting Partners, in 2019. Over the past three years, he has ... Read the full article
Insurance veterans form brand new Insurtech, Modives
28th July 2023
Five insurance industry veterans have formed Modives, a new venture which automates insurance verification for property managers and auto dealers. CEO and Co-Founder Frederick Waite, a veteran entrepreneur, has assembled a team with varied insurance industry experience to launch his latest venture. Prior to forming Modives, he established BCF, a software platform ... Read the full article
Clear Group drives MGA build with acquisition of One Commercial Specialty Limited
12th July 2023
Insurance broker Clear Group has announced its acquisition of Specialty Lines MGA, One Commercial Specialty Limited. This marks Clear Group's second MGA deal, as earlier this month the broker announced the acquisition of a 50% shareholding in Thomond Underwriting Limited, based in the Republic of Ireland and Northern Ireland. This second ... Read the full article
Swiss Re appoints Ali Shahkarami as Global Head of P&C Solutions
6th July 2023
Global reinsurer Swiss Re has announced the appointment of Ali Shahkarami as Global Head of P&C Solutions. He will be reporting to Russell Higginbotham, CEO of Reinsurance Solutions. Shahkarami’s appointment was effective July 1st, 2023, and he will be based out of Munich. Russell Higginbotham, CEO of Reinsurance Solutions, commented on the ... Read the full article
NACD and Marsh McLennan urge greater board risk oversight
22nd June 2023
The National Association of Corporate Directors, the authority on boardroom practices representing more than 23,000 directors, in partnership with Marsh McLennan, have published their Risk Committee Blueprint as part of the NACD Future of the American Board initiative. The Risk Committee Working Group is a panel of corporate board leaders from ... Read the full article
Canadian market remarkably resilient despite economic & geopolitical woes: Aon
22nd May 2023
Despite economic volatility, catastrophic climate events, supply chain/labour challenges, and geopolitical uncertainty, the Canadian insurance market has displayed "remarkable resiliency", suggests professional services firm Aon. According to the firm, portfolio remediations made in recent years have resulted in a more stabilised market with increased competition and a more diversified appetite. However, economic ... Read the full article
Arthur J. Gallagher acquires Texas-based RHP General Agency
19th May 2023
Arthur J. Gallagher & Co's subsidiary, Risk Placement Services, Inc. (RPS), has acquired Houston, Texas-based RHP General Agency, Inc. RHP is a licensed managing general agency specialising in residential property insurance for clients throughout Texas. According to the firm, its main focus is providing insurance on properties that don’t qualify for coverage ... Read the full article
Swiss Re names CRO of Reinsurance Global Clients, Solutions & iptiq
20th April 2023
Global reinsurance giant Swiss Re has promoted Stefanie Stratos to Global Chief Risk Officer of Reinsurance Global Clients, Client Solutions and iptiQ - Swiss Re´s digital B2B2C insurer. Based in New York, Stratos is a renowned veteran within the industry, having worked at Swiss Re for over 26 years. She joined the ... Read the full article
Swiss Re hires Aon’s Paloma Quiroga Arias as Head Risk Consulting & Analytics
17th April 2023
Reinsurance giant Swiss Re has announced that it has appointed Paloma Quiroga Arias as Head Risk Consulting & Analytics, where she will report to Russell Higginbotham, CEO Reinsurance Solutions. Paloma’s appointment is effective immediately. In her new role, she will lead a team that contains proven risk expertise, as well as deep ... Read the full article
LMA announces membership of Chief Underwriting Officer Committee
6th April 2023
The Lloyd’s Market Association (LMA) has announced the membership of its newly formed Chief Underwriting Officer Committee (CUOC), naming Nicola Stacey, Chief Underwriting Officer at Chaucer, as Chair. LMA states that the CUOC will comprise 15 members from a broad cross-section of the Lloyd’s Underwriting market. "The members have been selected by ... Read the full article
Swiss Re implements new reinsurance organisational structure, additional leaders named
3rd April 2023
Reinsurance giant Swiss Re's previously announced streamlined organisational structure, described by the firm as a simpler set-up with shorter decision paths that will result in enhanced client focus, is now live. First announced back in February, the new structure sees the splitting of the firm's reinsurance business unit into P&C ... Read the full article
Swiss Re partners with automotive tech firm Luminar
1st March 2023
Reinsurance giant Swiss Re and automotive tech firm Luminar have partnered to advance assisted driving and improve safety while reducing the costs of consumer adoption. Luminar notes that the first step of the joint initiative is to analyse the on-road performance and safety improvements of consumer and commercial vehicles equipped with ... Read the full article
What can re/insurers do to minimise Asia’s $60bn protection gap?: Swiss Re
27th October 2022
Geopolitics, war, disruptions of supply chains and climate change can have a great impact on the re/insurance industry in China and emerging Asia. These, along with low insurance penetration and the region’s vulnerability to natural catastrophes - enhanced by climate change - can leave people and governments facing major losses ... Read the full article
CII elects Swiss Re’s Higginbotham as new President
5th October 2022
Industry body the Chartered Insurance Institute (CII) has announced that Russell Higginbotham, CEO of Swiss Re Solutions, has been elected as its President for 2023. In the coming months, Higginbotham, who began his career in 1986 with a UK life insurer, will work closely with current CII President and CEO of ... Read the full article
Risk Management Partners enters multi-year partnership with LUPC
6th September 2022
RMP Education, the specialist education team of Risk Management Partners (RMP), a specialist public sector and higher education MGA, has entered into a long-term partnership with London Universities Purchasing Consortium (LUPC). Through this partnership, RMP will give LUPC membership to its Insurance Group (IG), which provides a broad range of insurance ... Read the full article