Reinsurance News

Capsicum Re hires Steven Rance to lead new mortgage indemnity reinsurance unit

21st August 2017

Specialist reinsurance broker Capsicum Re has announced Steven Rance, former JLT Group executive vice president, as head of a new mortgage indemnity reinsurance business division, with effect from February 2018. Rance will report to Rupert Swallow, CEO of Capsicum Re, who welcomed Rance to his new role; “Capsicum Re is no longer ... Read the full article

Collaboration needed to address growing terror threat

21st August 2017

Australian Reinsurance Pool Corporation CEO Dr Chris Wallace highlighted the need for global collaboration and cooperation between the public-private sector to address the growing terrorism threat at the inaugural International Forum of Terrorism Risk Re Insurance Pools (IFTRIP*) Paris conference. “Terrorism is a global issue and the nature of threats is constantly ... Read the full article

Kemah Capital signs underwriting agreement with Berkshire Hathaway companies

21st August 2017

Specialty lines managing general agency (MGA) Kemah Capital has entered into an agreement with members of the Berkshire Hathaway group of re/insurance companies that will see it underwrite a portfolio of business for the firms. The underwriting agency agreement will allow Kemah Capital to write a varied portfolio on behalf of ... Read the full article

Liberty Specialty Markets names Jennifer Wilson as new underwriter

21st August 2017

Liberty Specialty Markets (LSM) part of Liberty Mutual Insurance Group, has announced the appointment of Jennifer Wilson as underwriter of its London Global Financial Risks team. Wilson joins LSM from a role as underwriter of political and credit trade risks with Fidelis. Her new underwriting role spans all areas of LSM’s Global ... Read the full article

Reinsurers pushed to mortgage business by soft market conditions: S&P

18th August 2017

Reinsurers are increasingly looking for respite from the gloom of softening property and casualty reinsurance markets and the U.S. mortgage reinsurance market is seen as one of the brighter spots. Rating agency Standard & Poor's said that as the mortgage credit cycle is holding strong and this area of reinsurance has ... Read the full article

Colony Specialty appoints Kelly Killimett to head of environmental business

18th August 2017

Colony Specialty, a member of Argo Group International Holdings, has named Kelly Killimett as new head of the firm's environmental business succeeding Marsh Duncan who will move into a role as head of digital business development. Killimett reports to Ron Vindivich, president, Argo Group U.S. Excess & Surplus Lines, Duncan will ... Read the full article

Athene President talks “important” Lincoln deal and benefit of offshore strategy

18th August 2017

President of Athene Holding, Bill Wheeler, has praised the company's "important" flow reinsurance deal with Lincoln Financial Group, underlining the benefits of having an offshore strategy in the market. Athene Holding announced in early August that it had finalised a flow reinsurance treaty with Lincoln Financial Group, and President of the ... Read the full article

Euler Hermes appoints two executives in Asia Pacific region

18th August 2017

Trade credit insurer Euler Hermes has made two key appointments in its Asia Pacific region naming Clemens Philippi as chief executive officer (CEO) of Euler Hermes ASEAN and Benoit Ganzmann as CEO of China. Philippi will be based in Singapore and assume responsibility for the firms activities in Indonesia, Malaysia, the Philippines, ... Read the full article

MS Amlin announces CFO succession, as Rash replaces Hextall

18th August 2017

Specialty London headquartered insurance and reinsurance group MS Amlin has announced the succession plan for its Chief Finance and Operations Officer, as Richard Hextall will step down at the end of September. Hextall, who has been with MS Amlin since 1999, will be succeeded in the role of CFO by Chris ... Read the full article

Kenny Hogg joins Arthur J. Gallagher as Scotland regional managing director

18th August 2017

Arthur J. Gallagher has appointed Kenny Hogg to regional managing director (RMD) for Scotland succeeding Paul Kerry who has been promoted to Scotland chairman. Jon Simpkin, area managing director for North and Scotland, UK retail, said; “Attracting the industry’s best talent is central to our strategy as we continue to build ... Read the full article

HDI Global launches excess & surplus lines operation

18th August 2017

International industrial lines insurance group HDI Global Insurance Company (HDI Global) is branching out into the U.S. excess and surplus lines market, announced the formation of a subsidiary HDI Specialty Insurance Company (HDI Specialty). HDI Specialty will target the firm's U.S. and international clients, aiming to offer a platform for tailored ... Read the full article

Gen Re chairman speaks of Indian business challenges

18th August 2017

Winfried Heinen, chairman of Gen Re's executive board of directors, spoke out against the regulatory hurdles of operating in India, saying the requirement to hold capital within the Indian branch would mean higher costs are passed on to consumers, in a recent interview with The Hindu. “I think I am not ... Read the full article

Argo names Vindivich to lead U.S. E&S, Coates replaces at Trident

18th August 2017

International specialty insurance and reinsurance firm Argo Group International Holdings, Ltd.has appointed Ron Vindivich to lead its U.S. Excess & Surplus lines division, which includes the company’s Colony Specialty business. Sue Coates has been promoted to senior vice president, to replace Vindivich in his former role as head of Trident Public ... Read the full article

Reinsurers welcomed HCI’s use of tech to increase transparency during Matthew

18th August 2017

Paresh Patel, the Chairman and Chief Executive Officer (CEO) of HCI Group, Inc. has revealed how the company's adoption and utilisation of technology turned out to be a big differentiator during hurricane Matthew, raising the homeowners' insurers profile while provide its reinsurers with welcomed transparency. Speaking during the company's second-quarter 2017 ... Read the full article

JLT Re expands Bermuda team with Nicolas Bardon as Partner

18th August 2017

JLT Re has announced the expansion of its Bermuda reinsurance and retrocession broking team with the appointment of Nicolas Bardon to partner with effect immediately. The firm said the hire is a further step in its efforts to grow its international reach through Bermuda operations which have more than doubled in ... Read the full article