Reinsurance News
Now Health announces new program with Starr
9th June 2021
Private medical insurer Now Health International Group has partnered with Starr Insurance Companies on a program designed to help drive forward its growth plans in Europe. The partnership combines Now Health’s global presence and experience in providing health insurance solutions with Starr’s long-standing knowledge and ability to deliver customised solutions. The program ... Read the full article
Alliant closes merger with personal lines insurer Confie
9th June 2021
Alliant Insurance Services, the specialty insurance brokerage firm, has completed its merger agreement with US personal lines distributer Confie. Announced in April 2021, the deal brings Confie’s personal insurance brands, more than 3,500 employees, and in excess of 1 million customers under the Alliant banner. Confie was founded in 2008 and ... Read the full article
State Street appoints Knight to lead global insurance
9th June 2021
State Street Corporation has appointed Jason Knight to lead its insurance business as global head. Knight will be responsible for creating and executing the segment’s worldwide strategy and will work closely with senior leadership in sales, product, as well as State Street’s other business lines. He joins from BNY Mellon, where he ... Read the full article
Claims inflationary trends in ‘new territory’, says Xactware’s Mike Fulton
9th June 2021
With the 2021 Atlantic hurricane season now officially underway, the market is in "new territory" with respect to inflationary pressures and the rise in material prices and labour costs, according to Mike Fulton, President of Xactware. As inflation becomes increasingly apparent in the wider economy, the latest in our sister ... Read the full article
Safety National hires Tim O’Grady as VP, Underwriting
9th June 2021
Safety National, a multi-line specialty re/insurer and member of the Tokio Marine Group, has appointed Tim O’Grady as Vice President, Underwriting for its casualty division. O’Grady brings just under 30 years of industry experience, with a large account underwriting background. He has previously served in various underwriting leadership positions managing regional underwriting ... Read the full article
IVANS Index shows average premium renewal rates up in May
9th June 2021
IVANS, a division of Applied Systems, has announced the May results of its insurance premium renewal rate index, revealing an increase in average premium renewal rate, except Workers’ Compensation, which remained negative. Released monthly, IVANS Index is a data-driven report of current conditions and trends for premium rate renewal change of ... Read the full article
Lockton Re hires Ollie Jones as Broker, Marine & Energy
9th June 2021
Lockton Re, the reinsurance arm of global brokerage Lockton, has appointed Ollie Jones as a Broker, and will be based in the London office as part of the Marine & Energy Division. Jones will join from Guy Carpenter where he was most recently Vice President in the Global Marine & Energy ... Read the full article
RMS’ new NA hurricane models certified by Florida Commission
9th June 2021
Catastrophe risk modeling firm RMS has announced the approval of its North Atlantic Hurricane Models by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification applies to Version 21.0 hurricane models available on RiskLink 21.0 and the Risk Modeler application on its open cloud platform RMS Risk Intelligence. Enhancements to ... Read the full article
Quentin McMillan joins AIG as Head of Investor Relations
9th June 2021
American International Group, Inc. has announced the appointment of Quentin McMillan, who will join the company as Vice President, Managing Director and Head of Investor Relations, effective June 7, 2021. McMillan joins AIG from Marsh McLennan where he served as Senior Director, Investor Relations. Prior to Marsh McLennan, he worked for Keefe, ... Read the full article
Michelle Middleton named President of Berkley Mid-Atlantic Group
9th June 2021
W. R. Berkley Corporation has announced the appointment of Michelle D. Middleton as President of Berkley Mid-Atlantic Group (BMAG), its commercial property and casualty insurance business that covers the Mid-Atlantic region of the US. Effective immediately, she succeeds John F. Kearns, who has been named Chairman of the operating unit and ... Read the full article
Chubb names Mark Hammond as Deputy CFO
9th June 2021
Global re/insurer Chubb has appointed Mark Hammond to the additional role of Deputy Chief Financial Officer, a newly created position. Hammond brings over 30 years of experience in insurance and public accounting and has served as Treasurer of Chubb Group since 2019. Previously, he was Executive Vice President and Chief Financial Officer ... Read the full article
Pro Global appoints Williams to oversee management of abuse and care claims
9th June 2021
Re/insurance solutions provider Pro Global Holdings has appointed Ceri-Siân Williams to oversee the investigation and management of abuse and care claims. Williams’ appointment is a non-practising role, and further reinforces Pro’s commitment to invest in the expertise required to provide the market with innovative solutions and proactively address emerging trends both ... Read the full article
Hurricane-exposed cat bond issuance robust in 2021, says Fitch
9th June 2021
The demand for hurricane-exposed catastrophe bonds has continued at a steady pace for the first half of this year, say analysts at Fitch Ratings. According to the Artemis Deal Directory, so far this year sixteen catastrophe bonds have been issued or are expected to be issued under SEC rule 144A, ... Read the full article
RGA inks annuity reinsurance transaction with Modern Woodmen
9th June 2021
Leading global life, annuity, and health reinsurer RGA has announced the completion of an annuity reinsurance transaction with Modern Woodmen of America (Modern Woodmen). Modern Woodmen is a member-owned fraternal financial services organisation. Under the agreement, an RGA subsidiary will reinsure a seasoned block of US annuity business. Modern Woodmen will continue ... Read the full article
Hiscox UK hires Cheralyn Perry as Head of APC Distribution
9th June 2021
International specialist insurer Hiscox has appointed Cheralyn Perry as Head of Art and Private Client (APC) Distribution within its UK branch. Perry brings over 30 years of industry experience to Hiscox and joins from RSA where her most recent position was Partnerships Director. Prior to this, she held positions as Sales Director, ... Read the full article