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Sedgwick adjusts senior leadership roles for UK & International operations
2nd October 2019
Sedgwick, a global provider of technology-enabled risk, benefits, and integrated business solutions, has made several changes to its senior leadership team in the UK to support its international growth strategy. Firstly, Stewart Steel, currently CEO of Sedgwick UK, Middle East & Africa, has been selected to oversee a newly combined operating ... Read the full article
Clyde & Co appoints Kelsall to succeed CEO Peter Hasson
1st October 2019
Global law firm Clyde & Co has announced the appointment of Matthew Kelsall as its next Chief Executive Officer. Effective in the new year, Kelsall succeeds Peter Hasson, who has served in the role since 2005. Hasson, who joined Clyde & Co in 1997, will take up a consultant role moving forward ... Read the full article
Swiss Re Corporate Solutions appoints new Head of Italy
23rd September 2019
Reinsurance giant Swiss Re's commercial insurance arm, Swiss Re Corporate Solutions, has announced that appointment of Francesco Semprini as Head Italy, effective November 1st, 2019. In his new role, Semprini will be based in Milan and will be responsible for managing the strategy, development, and performance of the firm's business in ... Read the full article
Mumenthaler lays out key growth opportunities for Swiss Re
18th September 2019
Christian Mumenthaler, Chief Executive Officer (CEO) at Swiss Re, has identified what he sees as key growth opportunities for Swiss Re and the wider reinsurance market, as well as some potential challenges. Speaking in an interview with Reinsurance News, Mumenthaler noted that insurers have been buying more reinsurance following the catastrophe ... Read the full article
Howden & RKH brokerages to be merged by Hyperion
12th September 2019
Hyperion Insurance Group, the global independently owned insurance and reinsurance broking and underwriting organisation, is merging its two broker arms Howden and RKH. Hyperion said that aligning the two broking operations under a single management will "deliver seamless access to the Group’s talent for clients" by bringing together Howden’s international retail ... Read the full article
Gallagher adds Brent Kruger as UK CIO
10th September 2019
Global insurance brokerage Gallagher has announced the appointment of Brent Kruger as UK Chief Information Officer, a role he will take up in early November. Kruger, who brings over 25 years’ experience to the role, will be responsible for setting the strategic direction of the firm’s UK technology division. He joins from ... Read the full article
New Dawn Risk hires Dermot Dick as Head of Treaty Production
10th September 2019
New Dawn Risk Group Limited, an independent specialist intermediary for non-marine liability and specialty insurance and reinsurance, has announced the appointment of Dermot Dick as Head of Treaty Production. Prior to joining New Dawn, Dick was Chief Underwriting Officer (CUO) at Emirates International. He has also previously served as Senior Vice President ... Read the full article
Senegal to receive at least $22mn from ARC following drought conditions
5th September 2019
The Government of Senegal is set to receive at least $22 million from the African Risk Capacity Insurance Limited (ARC Ltd) to cover losses from crop failures driven by drought in the 2019 agricultural season. In August 2019, Africa RiskView, the software underpinning the Arc parametric model, informed the Government of ... Read the full article
Convex signs up Clearwater for investment accounting & reporting
3rd September 2019
Convex Group, the international specialty insurance and reinsurance firm established by Stephan Catlin and Paul Brand, has signed up Clearwater as a provider of investment accounting, reporting and related data services. Convex, which launched with $1.8 billion of initial committed capital of which $1.6 billion is currently drawn, has chosen ... Read the full article
Trans Re promotes Andy Taylor to regional CUO oversight role
23rd August 2019
Transatlantic Holdings (Trans Re), the reinsurance arm of the Alleghany Corporation, has announced the appointment of Andy Taylor as Chief Underwriting Officer for its London, Continental Europe, Middle East and Asia Pacific businesses. The decision follows numerous changes made recently to its regional leadership teams, including the appointment of Louise ... Read the full article
HDI Global adds Zurich’s Yves Betz to management board
22nd August 2019
HDI Global SE, the industrial insurer of the HDI Group, has announced the appointment of Yves Betz to its management board, who will take over responsibility for the company’s business in Europe and North and South America. As of 1 December 2019, he will succeed Stefan Sigulla, who is stepping down ... Read the full article
Demand for W&I cover in EMEA rises as claims notifications spike: Marsh
19th August 2019
Marsh has released its Transactional Risk Insurance Claims study, which reveals that since 2016, warranty & indemnity (W&I) claims notifications across Europe, the Middle East and Africa (EMEA) have increased significantly. Insurance and reinsurance broker Marsh notes that claims notifications have increased by 293% from 2016 to 2018, adding that this ... Read the full article
Swiss Re estimates insured nat cat losses of $15bn in H1 2019
15th August 2019
Global reinsurance giant Swiss Re has estimated that natural catastrophe events in the first-half of 2019 resulted in insured losses of $15 billion, down from the $21 billion recorded in the first-half of 2018. Overall, insured losses from catastrophes amounted to $19 billion in H1 2019, with $15 billion, or 79% ... Read the full article
AXA XL’s Gino Smith joins AXIS Re as Head of Property, EMEA LatAm
14th August 2019
Gino Smith has joined AXIS Re, the reinsurance arm of Bermuda's AXIS Capital Holdings Limited, as Head of Property for EMEA LatAm, effective November 2019. In his new role he will be based in Zurich and will report to President of EMEA LatAm, Andy Hottinger. Smith will take oversight of the reinsurer's ... Read the full article
Swiss Re to open Ivory Coast underwriting office
13th August 2019
Global reinsurance giant Swiss Re is set to open an underwriting office in Abidjan, Ivory Coast following regulatory approval from the Inter-African Conference of Insurance Markets (CIMA). Expected to be fully operational by October 1, the office will be headed by Swiss Re’s current Head of West Africa, Awa Koné. Swiss Re ... Read the full article