Reinsurance News
Direct Line Group hires Aviva’s Poole as Group CFO
10th April 2024
Direct Line Group has hired Aviva's Jane Poole as Group Chief Financial Officer (CFO), subject to regulatory approval. In an announcement made by the company, it was revealed that Poole will join the Board in October 2024, succeeding Neil Manser who has been in post since January 2021. Currently, Poole serves as ... Read the full article
Taiwan quake not expected to be a capital event for non-life industry: AM Best
10th April 2024
As per a new report from AM Best, after a benign natural catastrophe year in 2023, the magnitude 7.2 earthquake that struck Taiwan is not expected to add significant claims and lead to a capital event for the Taiwan non-life industry. The recent earthquake is still the island’s largest in ... Read the full article
Slide secures $210m cat bond with closing of Purple Re Ltd.
10th April 2024
Slide Insurance, a technology enabled insurance firm, has finalised pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond, the biggest catastrophe bond yet from the company to date. From what Reinsurance News understands, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the initial target ... Read the full article
Howden Re bolsters International team with three hires
10th April 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has announced the addition of Terrence McDowell, Melodie Vanderpuye, and Hannah Ferriday Lanner to its International team. The rebranding to Howden Re was announced last week, and the trio of hires comes as the reinsurance broker continues ... Read the full article
Harrison appointed White Mountains EVP, Caffrey named President
10th April 2024
White Mountains Insurance Group, has appointed Giles Harrison as Executive Vice President and Chief Strategy Officer, and named Liam Caffrey President of White Mountains. Harrison, who will take over his new role on June 10, 2024, is joining White Mountains from Zurich’s subsidiary Farmers Group, Inc., where he most recently served ... Read the full article
Alliant expands into California through Vinsa Insurance Associates acquisition
10th April 2024
Alliant Insurance Services, an insurance brokerage and consulting firm, has expanded its presence in California through the recent acquisition of Vinsa Insurance Associates within its Alliant Public Entity division. Vinsa is an independent property and casualty insurance agency specialising in tailored and comprehensive insurance solutions for both commercial and personal lines, ... Read the full article
Tractable AI’s Aleksander Surowiak joins Previsico as Head of Sales
10th April 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI's Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup scaling experience towards the role, having previously spearheaded sales in Northern and Central Europe at Tractable AI. Previously, ... Read the full article
IDF aims to enhance infrastructure investment for climate resilience
10th April 2024
The Insurance Development Forum (IDF) has announced its intention to facilitate investments in robust infrastructure within the insurance sector to enhance the resilience of vulnerable communities in emerging economies against climate change and natural disasters. Michel Liès, chair of the IDF Steering Committee, explains, “The Insurance Development Forum is today issuing ... Read the full article
Newline Europe starts cyber business led by Johannes Beckers
10th April 2024
Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development of Newline Europe's cyber insurance ... Read the full article
Howden’s Sarah Hughes added to Board of London Market Group
10th April 2024
The London Market Group has announced that Sarah Hughes, CEO of Howden Specialty, has been added to its board as a representative of London & International Insurance Brokers Association (LIIBA). An experienced veteran across the sector, Hughes was appointed CEO of Howden Specialty in October, after joining as the firm's ... Read the full article
Aon partners with ReliaQuest on cyber risk management
10th April 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration "represents a unique approach to helping companies assess and mitigate cyber risk." With ReliaQuest’s expertise and technology in detection, investigation, and response, and Aon’s cyber resilience capabilities, the pair aims ... Read the full article
Australia’s weekend storm declared a ‘Significant Event’ by ICA
10th April 2024
The Insurance Council of Australia (ICA) has declared the severe storm that hit the country’s east coast at the beginning of April a ‘Significant Event’. According to ICA, insurers have received 11,527 claims to date from the storms that caused heavy rainfall, damaging winds and flash flooding, which greatly impacted the ... Read the full article
Arch Insurance International names Sebastian Terry Head of A&H
10th April 2024
Arch Insurance International has promoted Sebastian Terry to Head of Accident & Health (A&H) and Georgina Raeburn to Senior A&H Underwriter, both effective immediately. Terry holds around 20 years of A&H underwriting experience, having joined Arch in 2004. His appointment as Head of A&H follows the retirement of Dennis Matthews, who has ... Read the full article
Miller appoints Nick Rnjak to build global power offering
10th April 2024
Miller, the independent specialist insurance and reinsurance brokerage, has appointed Nick Rnjak as the Client Advocate for its Onshore energy team, based in London. Rnjak will report to Martin Henderson, Head of Energy & Construction. His remit will include being responsible for scoping and developing a dedicated global power offering. Additionally, he ... Read the full article
Qubit completes Pre-Series A fundraising to bolster growth and research
10th April 2024
Qubit Underwriting, a Managing General Agent (MGA) recently launched in Hong Kong specialising in digital asset insurance, has successfully completed its Pre-Series A fundraising. The raised funds will help to fuel Qubit’s expansion efforts to reach global markets and bolster research and development initiatives, particularly in harnessing artificial intelligence for underwriting. Having ... Read the full article