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Neil Monahan joins AXIS Re from Swiss Re as SVP, Professional Liability, U.S.

23rd August 2017

AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has appointed Neil Monahan, formerly of Swiss Re, as Senior Vice President (SVP), Professional Liability, U.S., reporting to Jon Colello. In his new role, Monahan will be responsible for leading the reinsurer's professional liability reinsurance underwriting operations in the U.S., and will be based ... Read the full article

Allianz and Brokerslink partnership already showing its worth

23rd August 2017

A strategic partnership between global insurer and reinsurer, Allianz, and Brokerslink, a company which is composed of brokers and risk consultant entities, provides the latter's clients in 95 countries with improved access to Allianz' solutions and is already proving successful. According to a statement Allianz clients are already benefiting from the ... Read the full article

Pioneer launches new suite of cyber coverages for allied healthcare entities

23rd August 2017

Pioneer Special Risk has launched a new suite of cyber solutions that provides allied healthcare entities with protection against a range of digital exposures. The cyber risk landscape is one of the most rapidly advancing and changing exposures in the global insurance and reinsurance industry, with breaches having the potential to ... Read the full article

Re/insurers could see earnings pressured by rising mortality rates

23rd August 2017

Rising mortality rates among the younger population in the U.S. could impact revenues for insurers and reinsurers that cater to lower-income markets, A.M. Best warned. In the last two years there's been an increase in mortality rates among younger age groups which could translate into earnings pressure on firms operating in the ... Read the full article

Brexit to create opportunities in the UK annuities market

23rd August 2017

The uncertainties of Brexit could create further opportunities in the bulk annuities market for pension schemes and reinsurers as a weaker pound makes buy-out more affordable for schemes with overseas sponsors, said Hymans Robertson in a recent report. The UK's well-developed and highly competitive bulk annuities market could see more mergers ... Read the full article

Mike Boseman named as Brown & Riding’s new COO

23rd August 2017

U.S.-based wholesaler and specialty insurance broker, Brown & Riding, has named Mike Boseman as its new Chief Operating Officer (COO), based in the firm's Los Angeles headquarters. Boseman will take on responsibility for the company's strategic operations, which includes both client and carrier development, improving information technology service offerings, and also enforcing Brown & ... Read the full article

Great American expands E&S presence with wholesale offering

23rd August 2017

Great American Insurance Group has announced plans to expand its excess & surplus (E&S) line offerings to wholesale brokers via the creation of a new division, called Great American Risk Solutions. The firm has announced that the new unit will leverage the combined expertise and experience of both the American Empire Group ... Read the full article

Co-Founder of Crop Pro Insurance named as firm’s new President

23rd August 2017

Experienced insurance operations leader and co-Founder of Crop Pro Insurance, Joe Young, has been named as the firm's new President. Young brings extensive industry experience to the role of President, which includes leadership positions at AmTrust Insurance Services, The Climate Corporation, and also John Deere Insurance Company. While at the The Climate ... Read the full article

NexAssure Group to launch specialist MGA in London

23rd August 2017

Singapore-based financial and specialty reinsurer, NexAssure Group, is to launch a specialist managing general agent (MGA) called NexAssure Agency (UK) Limited in London, and has named Mark Angel to lead the unit. Angel has been appointed as Head of Specialty and will be tasked with leading the firm's expansion into both ... Read the full article

European reinsurers scrape by with help of low CAT losses

23rd August 2017

The big four European reinsurers' profitability has been kept afloat by a first half of 2017 that's seen catastrophe loss levels at well below the ten-year average, but Fitch ratings warned that under normal circumstances Munich Re and Hannover Re would have made losses. On a global scale, 2017 has been ... Read the full article

Zimre Holdings to dispose of assets to fund growth strategy: Reports

23rd August 2017

Zimre Holdings Limited has reportedly started negotiations to dispose some of its assets in order to fund its future growth plans, according to The Herald Business. According to industry reports, the financial services group announced last week that it has started negotiations over the disposal of certain assets as the company ... Read the full article

Life reinsurers’ strong risk management to assist emerging market growth: S&P

22nd August 2017

Advanced and strong risk management and underwriting capabilities will support reinsurers as they navigate the challenges of the expanding life reinsurance industry in emerging markets, according to ratings agency, Standard & Poor's (S&P). S&P expects emerging life insurance markets to drive the expansion of the global life reinsurance sector in ... Read the full article

LTCG to acquire LifePlans, related services & assets from Munich Re U.S.

22nd August 2017

Long term care administrator, LTCG, has announced that it will acquire LifePlans, Inc. and its Canadian unit, LifePlans LTC Services, Inc., in a deal that covers the purchase of LifePlans' long term care and related risk management services and assets from Munich Re, U.S. (Life). Under the definitive agreement, Munich Re, ... Read the full article

Talbot Underwriting adds experienced lawyer to Board of Directors

22nd August 2017

Talbot Underwriting Ltd., a subsidiary of Validus Holdings, has announced the appointment of Monica Burch as Non-Executive Director of its Board of Directors, and Chair of the Risk Committee. Burch is currently a consultant at Addleshaw Goddard LLP, and is also a Non-Executive Director Board Member of the Crown Prosecution Service, ... Read the full article

Metabiota launches epidemic risk platform, signs agreement with Munich Re

22nd August 2017

Global reinsurer Munich Re and In-Q-Tel, Inc. have signed strategic agreements with epidemic risk modeller, Metabiota, which has announced the launch of the industry's first commercial risk modelling platform and preparedness index for epidemic risks. One of the world's largest reinsurance companies, Munich Re, and In-Q-Tel, an investor that focuses on ... Read the full article

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