Reinsurance News
US Niche Insurers’ business profiles drive ratings: Fitch
23rd August 2022
According to a recent Fitch Ratings peer review, the ratings of the Midsize Niche North American Life Insurers peer group are driven by their differentiated business profiles. Fitch views the Reinsurance Group of America’s (RGA) entrenched market position and long track record in the global reinsurance market favourably. RGA participates in the ... Read the full article
Canopius Group names Geoffrey Saville Head of Catastrophe Research
23rd August 2022
Specialty insurer and reinsurer, Canopius Group has appointed former WTW Head of Weather and Climate Risk Research, Geoffrey Saville, as Head of Catastrophe Research. Based in London, Saville will report to Paul Wilkinson, Head of Risk Strategy & Analytics. He will help enhance Canopius Group’s science-led understanding and approach to climate ... Read the full article
Liberty Mutual Insurance hires Smith as President, GRS North America
23rd August 2022
Liberty Mutual Insurance has appointed Kevin Smith as President of Global Risk Solutions (GRS) North America, where he will report to GRS President, Neeti Bhalla Johnson Within this new role, Smith will be accountable for delivering GRS North America's financial and operational performance, which includes commercial and specialty businesses in the US, Canada and Bermuda and operates across ... Read the full article
Interview: Why should crop insurance lag on market penetration?
23rd August 2022
It would not be remiss to think that a product that transfers risk from farmers to insurers would be an easier sell, given that the former are less able to handle risk than the latter. Likewise, it should be an easy sell for a product that stabilises the incomes of ... Read the full article
Cover Genius makes “strategic” hires for business services and property partnerships
23rd August 2022
Cover Genius, an insurtech for embedded insurance, has announced three key additions to its leadership team as demand for embedded protection continues to increase. Barney Pierce has been appointed Senior Vice President of Partnerships in APAC. He joins the company after a successful career in senior leadership positions at Google, responsible ... Read the full article
LSM names Lewis Edwards Head of Delegated Authority Practice
23rd August 2022
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Lewis Edwards to the newly created role of Head of Delegated Authority Practice (DAP). Edwards joined LSM in 2018 and has over 20 years of experience in the industry covering a wide range of roles. Prior to his promotion ... Read the full article
Marsh & Ascot’s Ukrainian grain insurance facility now open to Lloyd’s brokers
23rd August 2022
Insurance broker Marsh and global specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility. Launched earlier this month, the facility provides coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between ... Read the full article
Re/insurer H1 results ‘exceptionally strong’, says Gallagher Re
23rd August 2022
Gallagher Re has reported that underwriting results were "exceptionally strong" for global re/insurers across the board in H1 2022 with an average combined ratio of 94.1%, and all but three re/insurers posting a sub-100% combined ratio. The firm said that this level of profitability is broadly in line with the 93.8% ... Read the full article
Katy Bradica named Chief Pricing Actuary for AXA XL Reinsurance
23rd August 2022
AXA XL, the property and casualty and specialty risk unit of AXA, has announced the appointment of Katy Bradica as Chief Pricing Actuary for AXA XL Reinsurance. In her new role, Bradica will lead the Reinsurance Pricing & Analytics function and will be responsible for the design and implementation of business ... Read the full article
L&G Re finds new COO in Karan Martin
23rd August 2022
The global reinsurance arm of Legal & General Group, L&G Re, has announced that Karan Martin has taken on the role of Chief Operating Officer (COO). Martin joins the company from Maryland where she was Chief Operating Officer at Legal & General America, responsible for supporting the growth of its term ... Read the full article
CoreLogic announces alliance with Google Cloud amidst product launch
23rd August 2022
CoreLogic has announced an extended relationship with Google Cloud to support the launch of its new CoreLogic Discovery Platform. Built on Google Cloud’s infrastructure, Discovery Platform provides a comprehensive property analytics environment and cloud-based data exchange for businesses across multiple sectors. CoreLogic launched Discovery Platform in June earlier this year, stating ... Read the full article
London Market could benefit from attractive property cat reinsurance lines: Goldman Sachs
23rd August 2022
Analysts at Goldman Sachs believe that London Market (LM) names can benefit from the current tailwind of cat reinsurance lines as price increases earn through to the P&L. LM names have focused on growing profitable business lines with attractive rates and, according to Goldman Sachs, property cat reinsurance is exactly the ... Read the full article
Fathom and Reask announce “strategic” partnership
23rd August 2022
Flood risk modeller Fathom has partnered with Reask, a climate risk analytics firm specialised in atmospheric hazard models, to create combined wind and flood risk models. This “strategic” partnership aims to provide insurers, banks and ESG-focused investors with an unparalleled view of risk data on the combined impact of flood and ... Read the full article
Autonomous vehicles report eliminates grey areas for insurers
23rd August 2022
Global law firm Clyde & Co has welcomed the new autonomous vehicles report from the UK government as a positive step forward, highlighting a few points regarding liability and insurance. These include its support for the need of a clear bright line test between human driver control and true self-driving, as ... Read the full article
Marsh, Liberty Specialty Markets, and AIG collaborate on re/insurance facility for hydrogen projects
23rd August 2022
Marsh has collaborated with Liberty Specialty Markets and AIG to launch a new re/insurance facility that provides capacity to green and blue hydrogen energy projects. The facility will provide up to $300m of cover per risk for the construction and start up phases of hydrogen projects globally. As well as providing ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
