Reinsurance News
Your search for “chubb”
Keith Lavigne appointed head of Management & Professional Liability, Everest Specialty Underwriters
17th May 2017
Insurer and reinsurer Everest Re Group has announced that Keith Lavigne has joined Everest Insurance as leader of Management & Professional Liability, Everest Specialty Underwriters. Lavigne will be based in the firm's New York, U.S. office, from where he will manage a team of U.S. underwriters. He joins Everest Insurance from Chubb Financial ... Read the full article
Hamilton Re acquires renewal rights to Canopius Bermuda’s excess casualty book
24th April 2017
Bermuda-based Hamilton Re, part of the Hamilton Insurance Group, has acquired the renewal rights to Sompo Canopius' excess casualty insurance book of business and also takes the two underwriters, Stephen Hartwig and Jeremy Wright, across to the firm. Hamilton Re will take on renewing the Canopius Underwriting Bermuda Limited ... Read the full article
Reinsurance News – Wednesday 12th April 2017
12th April 2017
Here’s your daily Reinsurance News for Wednesday 12th April 2017: Traditional reinsurance capital declined by $3 billion in Q4 2016: Aon During the final quarter of 2016 the volume of traditional reinsurance capital declined by $3 billion, while the level of alternative capital increased by $3 billion, meaning overall reinsurance capacity ... Read the full article
Sompo International hires Sordillo from QBE to lead loss control
11th April 2017
International insurance and reinsurance company Sompo International, the brand that emerged after Sompo completed its acquisition of Bermudian insurance and reinsurance group Endurance Specialty Holdings Ltd., has hired a new loss control leader. Victor Sordillo joins as Senior Vice President and Loss Control Leader of Sompo International, a role in which ... Read the full article
Reinsurance News – Tuesday 11th April 2017
11th April 2017
Here’s your daily Reinsurance News for Tuesday 11th April 2017: Cyclone Debbie insurance losses jump to $660m Estimated insurance and reinsurance industry losses from the impact of Cyclone Debbie have increased much further in parts of Queensland and New South Wales, totalling AUS$600 million from 41,105 claims. Reinsurers cover 3/4 ... Read the full article
One Re appoints Willis veteran to Board Chairman
7th April 2017
African reinsurer, One Re, has announced Nicholas Davenport as appointed Board Chairman with immediate effect. Davenport is successor to Gilles Bonvarlet who is stepping down from the Board after providing leadership from the firm's early days of expansion out of the start-up phase. The newly appointed chairman has nearly 30 years of ... Read the full article
Reinsurers to pick up Cyclone Debbie bill
31st March 2017
Reinsurance is likely to pick up the majority of cyclone Debbie claims which are thought likely to be around the cyclone Yasi level of AU$1.4 billion after heavy winds and torrential rains devastated the northern Queensland coastline causing the worst floods the region has seen in 50 years. As those affected ... Read the full article
Reinsurance News – Thursday 30th March 2017
30th March 2017
Here’s your daily Reinsurance News for Thursday 30th March 2017: Lloyd’s of London chooses Brussels for EU base The Lloyd's of London insurance and reinsurance marketplace has chosen Brussels, Belgium as its European Union base, and aims to be ready to underwrite business there from January 1st, 2019 renewals. Read the full article
Reinsurance News – Friday 24th March 2017
24th March 2017
Here’s your daily Reinsurance News for Friday 24th March 2017: Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure Swiss Re has launched a pioneering volcano model that reveals that some of the world's largest cities have up to a $30 billion exposure to the risk. Digitalisation & innovation ... Read the full article
Reinsurance News – Friday 10th March 2017
10th March 2017
Here’s your daily Reinsurance News for Friday 10th March 2017: Validus finds up to 15% of NFIP flood policies attractively priced Insurer and reinsurer Validus has revealed that after analysing the National Flood Insurance Program’s risk profile, it deems it would underwrite as much of 15% of the risk on ... Read the full article
AMTrust appoints Underwriting Director of ANV Global Services
22nd February 2017
North American Managing General Underwriter (MGU), ANV Global Services, owned by multinational insurance and reinsurance group AmTrust Financial Services, has appointed James Pittinger to the role of Underwriting Director, effective immediately. In his New Jersey-based role, Pittinger will be responsible for the North American MGU business, Management Liability and Professional Lines ... Read the full article
Reinsurance News – Tuesday 21st February 2017
21st February 2017
Here’s your daily Reinsurance News for Tuesday 21st February 2017: Ogden rate revision to result in huge re/insurer reserve charge: Willis Brokerage Willis Towers Watson has warned that the proposed revision to the Ogden discount rate would see reinsurers that operate in the UK motor industry face a £4.9 billion one-off ... Read the full article
Reinsurance News – Friday 10th February 2017
10th February 2017
Here’s your daily Reinsurance News for Friday 10th February 2017: Zurich claims on Farmers aggregate reinsurance for first time For the first time ever Zurich Insurance had to claim on its Farmers aggregate reinsurance treaty, as catastrophe losses in 2016 increased to more than $1.3 billion. Swiss Re ... Read the full article
Berkshire Hathaway Specialty opens London office, expands exec team
8th February 2017
Berkshire Hathaway (BHSI) today announced the creation of a new affiliate London office, its key executive roles have already been filled with industry experts joining from Allied World, Travelers Europe and AIG. The new office will serve brokers and customers in the UK and Southern European countries, including Ireland, Spain, France ... Read the full article
Reinsurance News – Friday 3rd February 2017
3rd February 2017
Here’s your daily Reinsurance News for Friday 3rd February 2017: Hannover Re increases sidecar use at 1/1, secures additional retro cover At the recent January 1st renewals Hannover Re increased its use of its K-Cessions retrocessional sidecar vehicle, purchased additional retro cover for large nat cats, and also saw growth ... Read the full article