Reinsurance News
James Blackwell named Head of Property at Argenta
1st November 2022
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has announced the appointment of James Blackwell as Head of Property, with immediate effect. Based in London, Blackwell will be responsible for growing Argenta’s global property business, reporting to Ian Burford, Active Underwriter and Director of Underwriting of ASML’s Syndicate ... Read the full article
Ryan Specialty appoints LifeScienceRisk leaders
1st November 2022
Ryan Specialty has announced the appointments of Catherine Gill to Chief Executive Officer (CEO) and Mark Wood to Chairman of LifeScienceRisk (LSR), Ryan Specialty’s managing general underwriter specializing in the Life Sciences industry. Both appointments are effective immediately. Gill has been the Chief Underwriting Officer of LifeScienceRisk and has been with LSR ... Read the full article
QBE Intl. promotes Stokoe and Fuller to exec management board
1st November 2022
Australia's QBE Insurance has announced the promotion of both Ceri Stokoe and Nathan Fuller to roles that see the pair join the firm's International Executive Management Board, effective December 1st, 2022, subject to regulatory approval. Stokoe, who joined QBE in 2016 as the Head of Application Services, later becoming Director of ... Read the full article
GGW joins Brokerslink network as new affiliate
1st November 2022
German broker Gossler, Gobert & Wolters (GGW) has joined global broking business, Brokerslink as an affiliate. In addition to the strong expertise in non-life insurance GGW is adding to the global Brokerslink network, its fully owned subsidiaries provide specialised broking services for credit insurance, pension, life insurance, employee benefit solutions and ... Read the full article
Steve Jennings to head AmTrust’s Residential Real Estate Practice
1st November 2022
Global specialty property and casualty insurer, AmTrust, has appointed Steve Jennings as Senior Vice President, Underwriting, to oversee its Nonprofits Practice, as well as a newly created dedicated Residential Real Estate Practice. Jennings has deep experience in residential real estate, human services, and other niche businesses. He joins the company after ... Read the full article
Texas surplus lines premium up 31% through September: SLTX
1st November 2022
Texas surplus lines premium increased by 31.2% to $918 million during the month of September, when compared to the same period last year, according to figures from the Surplus Lines Stamping Office of Texas (SLTX). This brings the year to date premium total to $8.7 billion, which represents a 26.8% increase ... Read the full article
APCIA highlights need for flood insurance & investment in resiliency
1st November 2022
On the ten-year anniversary of Superstorm Sandy, the American Property Casualty Insurance Association (APCIA) released a statement attributed to Don Griffin, department vice president of policy, research, and international highlighting the need for flood insurance and increased investment in resiliency. The widespread devastation brought by superstorm Sandy to the Northeast of ... Read the full article
Apollo names Sian Hill independent non-executive director
1st November 2022
Independent re/insurer Apollo Group Holdings Ltd, has appointed Sian Hill as independent non-executive director of Apollo’s managing agency board. A chartered accountant with extensive experience of the banking and insurance sectors Hill has spent the majority of her career at KPMG, becoming a tax partner in 1996, specialising in the financial ... Read the full article
Fraudulent instruction claims are on the rise, says Beazley
1st November 2022
According to data released in Beazley’s new Cyber Services Snapshot report, fraudulent instruction as a form of cyber attack is on the rise, despite an overall decline in incidents. The data from the report suggests that professional service firms experienced more fraudulent instruction and almost as many business email compromise incidents ... Read the full article
Iain Church named Operations Lead for Hymans Robertson’s Risk Transfer team
1st November 2022
Leading pensions and financial services consultancy, Hymans Robertson has appointed Iain Church as Operations Lead for its Risk Transfer team. Within this role, Church will have operational responsibility for the Risk Transfer team. Hymans Robertson’s Risk Transfer team has grown to over 25 specialists, taking ownership of everything from resourcing client ... Read the full article
Marsh names Charles Sincock as ESG Strategy Leader in UK Advisory business
1st November 2022
Insurance broker and risk advisor, Marsh, has announced the appointment of Charles Sincock as ESG Strategy Leader within its UK Advisory business. Sincock joins Marsh from Capco where he was the global ESG delivery lead and UK ESG lead. He began his financial services career as an M&A banker at Dresdner ... Read the full article
Cincinnati Financial reports Q2 $418mn net loss
1st November 2022
Cincinnati Financial Corporation has reported a net loss of $418 million for the third quarter of 2022, compared to a net income of $153 million from the third quarter of 2021. The loss was mainly due to the company recognising a $557 million third-quarter 2022 after-tax reduction in the fair value of equity ... Read the full article
Insurtech funding stable through ‘inflection point’ Q3: Gallagher Re
1st November 2022
New data from re/insurance broker Gallagher Re shows that $2.35 billion of global insurtech-sector investment was made in Q3 2022, which marked something of an “inflection point” for the space. The level of investment was in fact down 2.5% from Q2's total, but Gallagher Re notes that the headline figure masks ... Read the full article
Contract insurance in demand amid sovereign debt downgrades: Chaucer
1st November 2022
Analysts at global specialty re/insurance group Chaucer have noted an increase in demand for contract frustration insurance amid widespread sovereign debt downgrades, caused in part by the Ukraine crisis and inflationary pressures. A new report by the firm observes that sovereign debt worldwide has been downgraded 78 times by the top ... Read the full article
Typhoon Nanmadol insured loss lower than initially feared at $773m, says PERILS
1st November 2022
Typhoon Nanmadol, which impacted southern Japanese islands Kyushu and Shikoku as well as the western and central regions of Japan's main island of Honshu in September, is estimated to have caused an insured market loss of roughly USD 773 million (JPY 114 billion), according to an initial estimate from PERILS. The ... Read the full article
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