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Everest Re hires Debbie Weiser from AIG as new head of Excess Casualty
6th September 2017
Everest Re has named Debbie Weiser, who joins from an executive position with AIG, as new leader of Excess Casualty within Everest Specialty Casualty. Commenting on the appointment, Connie Germano, Head of Specialty Casualty, said; “Debbie brings to Everest extensive experience in the Umbrella and Excess space, particularly in the valued ... Read the full article
Top 50 Global Reinsurance Groups
4th September 2017
Top 50 Global Reinsurance Groups This Top 50 Global Reinsurance Groups directory is based on research data from rating agency A.M. Best. Listing the top reinsurers in the world, this directory provides a simple way to analyse the world's top reinsurance companies. The global reinsurance groups featured are ranked by unaffiliated gross reinsurance ... Read the full article
Harvey hit re/insurers unlikely to be rewarded with rate increases: Credit Suisse
30th August 2017
Hurricane Harvey, in isolation, was not "the catastrophe" the reinsurance industry has been waiting for to reverse the softening of market pricing, according to analysts at Credit Suisse. Joining other analysts and observers, the Credit Suisse team of Ryan Tunis and Crystal Lu are sceptical of the ability of hurricane Harvey ... Read the full article
LMA political risk group to be led by Peter Sprent & James Bamford
22nd August 2017
The London Market Association (LMA) Working Party's political risk working group - created to investigate regulatory issues affecting banking clients - will be led by Peter Sprent, Head of Global Financial Risks at Liberty Specialty Markets and James Bamford, Global Practice Leader of Political Lines at Talbot Underwriting. The newly established political risk ... Read the full article
Argo names Vindivich to lead U.S. E&S, Coates replaces at Trident
18th August 2017
International specialty insurance and reinsurance firm Argo Group International Holdings, Ltd.has appointed Ron Vindivich to lead its U.S. Excess & Surplus lines division, which includes the company’s Colony Specialty business. Sue Coates has been promoted to senior vice president, to replace Vindivich in his former role as head of Trident Public ... Read the full article
QBE rationalises reinsurance, saves $350m+, makes greater use of Equator Re
17th August 2017
Australian headquartered insurance and reinsurance group QBE has rationalised its reinsurance spend in 2017, saving over $350 million so far as it restructured its program and made greater use of its Equator Re captive reinsurer. QBE has recognised annualised reinsurance cost savings of over $350 million, thanks to premium rate reductions, ... Read the full article
QBE appoints Chris Kurinksy to CEO of Malaysia insurance
11th August 2017
QBE has appointed Chris Kurinsky, prior Head of Sales and Direct Marketing for Chubb, to Chief Executive Officer (CEO) of QBE Insurance, Malaysia, Berhad. Kurinsky will lead QBE's Malaysia expansion efforts, and work to build strategic partnerships and initiatives to grow the firm's specialty, commercial, SME, and personal lines. Mark Lingafelter, Managing ... Read the full article
Berkshire Hathaway Specialty Insurance opens Dublin office, names P&C manager
2nd August 2017
Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced the launch of a new Dublin, Ireland office and the appointment of Cormac McNamara as the unit's Property & Casualty (P&C) Manager. McNamara joins the firm with 24 years of insurance industry experience across the UK and ... Read the full article
Florida Hurricane Catastrophe Fund saves on 2017 reinsurance placement
28th June 2017
Acting on behalf of the Florida Hurricane Catastrophe Fund (FHCF), the State Board of Administration (SBA) announced its completed reinsurance placement, ahead of the 2017 hurricane season, to help provide its statutory maximum limit of $17 billion of fully liquid funding. The FHCF liquidity breakdown consists of $14.9 billion in cash, the ... Read the full article
AXIS appoints Nance as new U.S. excess & surplus property leader
26th June 2017
Insurance and reinsurance group AXIS Capital Holdings Limited has Marc Nance to Executive Vice President, Excess & Surplus Property, in a promotion that will see him tasked with leading an expansion of AXIS Insurance's E&S property underwriting portfolio. Nance is tasked with growing and managing AXIS Insurance’s E&S Property business across ... Read the full article
JLT Re makes Deanna Williams new Bermuda business Partner
22nd June 2017
JLT Re has announced the hiring and appointment of Deanna Williams to Partner of the firms' Bermuda-based reinsurance brokerage business. She will be reporting to Charles Withers-Clarke, Partner of JLT Re in Bermuda. Withers-Clarke welcomed Williams to her new role; “I have worked with Deanna for many years and know her can do ... Read the full article
Argo Hires Jorge Luis Cazar León to head up Latin America re/insurance
12th June 2017
Specialty insurance and reinsurance provider Argo Group International Holdings, Ltd. has named Jorge Luis Cazar León as its new Head of Latin America, a role which will see him with oversight of both insurance and reinsurance operations in Central and South America. Cazar takes up the role with immediate effect and ... Read the full article
Increasing regulation on data breaches to spur cyber re/insurance growth: RBC
2nd June 2017
Cyber has been hailed as the re/insurance shooting star with the potential to more than double in size by 2020 - nothing brings more promise to the industry then this emerging market space. Although growth so far has stemmed mostly from the U.S. cyber market, RBC said in a recent report ... Read the full article
Universal subsidiaries finalise 2017 reinsurance programmes, reduce retentions
2nd June 2017
Universal Insurance Holdings, Inc. subsidiaries have announced the completion of their 2017-2018 reinsurance programmes, which includes participation from Nephila Capital (via Allianz Risk Transfer), Everest Re, RenaissanceRe, Chubb Tempest Re and a number of Lloyd's of London syndicates. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty ... Read the full article
HCI secures 2017 reinsurance programme
2nd June 2017
HCI Group's insurance Subsidiary, Homeowners Choice Property & Casualty Insurance Company (Homeowners Choice), has completed its reinsurance placement for the 2017-2018 year, announcing a comprehensive programme that provides cover against hurricanes and other catastrophic losses up to $968 million for a first event. The first event element of the programme covers a probable ... Read the full article