Reinsurance News
Aspida Life Re names Jenny Kane as Deputy COO
13th April 2023
Bermuda-based life and annuity reinsurance company, Aspida Life Re has appointed Jenny Kane as Deputy Chief Operations Officer. Kane has more than two decades of industry experience and over a decade in the Bermuda market. She will bring extensive expertise in operations and risk management to the broader Aspida Re team ... Read the full article
Trial lawyers could slow down Florida reform benefits: Triple-I
13th April 2023
Analysts at Triple-I have warned that a huge inundation of lawsuits by trial lawyers in Florida could seriously slow down insurance reform benefits for consumers in the state. In the wake of Florida's enactment of historic tort reform legislation, Triple-I notes that the state’s trial lawyers have responded by dumping tens ... Read the full article
Swiss Re CorSo names AXIS’ Mondi Head of Distribution Management, NA
13th April 2023
Swiss Re Corporate Solutions has announced that it has appointed AXIS’ Peter Mondi as Head of Distribution Management, North America. In his new role, Mondi will lead a team responsible for the broker engagement and strategy for the US and Canada. Mondi, who is based in Chicago, IL, will report to Allen ... Read the full article
QBE Re appoints Andy Richardson as Head of Underwriting, Bermuda
13th April 2023
QBE Re, the reinsurance division of QBE Insurance Group, has announced that it has appointed Andy Richardson as Head of Underwriting for Bermuda. He will report to Tracey Gibbons, Head of QBE Re Bermuda and will take up the new role at the beginning of June subject to Bermuda immigration. In this ... Read the full article
African Risk Capacity selects Gallagher Re as reinsurance broker
13th April 2023
Global broking and advisory firm Gallagher Re has been selected as the reinsurance broker and risk advisor for African Risk Capacity Limited (ARC), the specialist insurance company which provides parametric insurance cover to African countries against climate and disaster events. The appointment includes the placement of portfolio cover in the reinsurance ... Read the full article
Allianz, Axa and Zurich ‘successfully managed’ inflation, interest rate risk: Fitch
13th April 2023
Fitch Ratings said the three main European insurance groups – Allianz, AXA and Zurich - "successfully managed" the effects of the macroeconomic environment like high inflation and interest rates. "Allianz, AXA and Zurich successfully managed 2022’s macroeconomic challenges thanks to their very strong company profiles, rigorous risk management and sophisticated asset- ... Read the full article
Fenix24 appoints Marko Polunic EU managing director
13th April 2023
Cyber disaster recovery firm Fenix24, and sister company of Conversant Group, has announced the appointment of Marko Polunic as managing director for EU operations. Based in Munich, Polunic will spearhead efforts to expand Fenix24's offering into the EU and globally by fostering relationships with ecosystem partners - such as law firms, ... Read the full article
Howden launches Marine & Energy business in Norway with WTW’s Frode Lund
13th April 2023
International insurance broker Howden has announced the launch of its Marine & Energy business in Norway, which is set to be led by WTW’s Frode Lund, who will assume the position from August 1, 2023. The new initiative is set to drive footprint for Howden within the region, and also represents ... Read the full article
Miller posts over £200m in 2022 revenues
13th April 2023
Specialist re/insurance broker Miller said it posted over £200 million in revenues in 2022, led by strong organic growth and the acquisition of two "high quality" businesses. Miller said it saw organic growth in the mid-teens delivered in 2022, with strong performance across all classes. Acquisitions of Henner Sports in France (now ... Read the full article
AIG hires Colahan as Regional President for Asia Pacific
13th April 2023
American International Group (AIG) has appointed Chris Colahan as Regional President, AIG Asia Pacific. Colahan will join the firm during the second quarter of 2023, and he will report to Jon Hancock, Chief Executive Officer of AIG’s International General Insurance business. Colahan will be taking over the role from current Regional President, ... Read the full article
Apollo announces ICX Consortium within its Apollo ibott 1971 division
13th April 2023
Specialist re/insurer Apollo has announced its new ICX Consortium through its Apollo ibott 1971 division. Apollo suggests it intends to deploy lead capacity through the consortium, which will be led by Syndicate 1971, to create a "facility for innovation in the insurance industry." The new ICX vehicle will deliver bespoke insurance products ... Read the full article
ILS issuance picks up due to capital constraints in traditional markets: Gallagher Re
13th April 2023
Insurance-linked securities (ILS) issuance is picking up due to capital constraints in the traditional market, although at higher pricing than traditional indemnity pricing, Gallagher Re reports. The broker’s 1st View report notes that the initial months of the year were marked by low activity in the primary ILS market, with a ... Read the full article
Swiss Re’s shareholders back all proposals at its Annual General Meeting
13th April 2023
Swiss Re has announced that its shareholders have approved all proposals put forward by its Board of Directors at its Annual General Meeting (AGM). According to Swiss Re, the vast majority of shareholders (98.12%) approved the proposal of the Board of Directors to pay out an ordinary dividend of USD 6.40 ... Read the full article
Third Point’s Loeb angles to take SiriusPoint private
13th April 2023
Third Point CEO Daniel Loeb has said he will explore options to take specialty re/insurer SiriusPoint private, in an effort to improve the company's financial position and better execute on its turnaround strategy. Loeb outlined his plans in a regulatory filing this week, explaining that Third Point will look at “a ... Read the full article
Trium Cyber launches excess program in collaboration with Origami Risk
13th April 2023
Trium Cyber, a Lloyd’s services company providing cyber insurance, risk management, and claims adjudication services, has launched an excess cyber program powered by Origami Risk’s multi-tenant SaaS P&C insurance core solution suite. Through this collaboration, the firms aim to speed first phase of tech implementation in three months; primary cyber underwriting, ... Read the full article
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