Reinsurance News
Aon names Mike Pedel as Head of Global Benefits
11th April 2024
Global insurance and reinsurance brokerage Aon has appointed Mike Pedel as its new Head of Global Benefits, effective immediately, based out of London. Pedel will report to Lambros Lambrou, Human Capital Chief Executive Officer, and will join the Human Capital Executive Committee. Lambrou commented, "Mike is well positioned to further advance collaboration ... Read the full article
Sayata launches AI-powered platform for enhanced risk assessment
11th April 2024
Sayata, a marketplace for insurance brokers and carriers, has recently launched the Sayata Risk Engine: an AI-powered platform designed to revolutionise risk assessment and underwriting for insurance carriers and MGAs. Asaf Lifshitz, Co-Founder and CEO of Sayata, underscores the collaborative effort behind the Risk Engine's development, stating, "Our team of experts ... Read the full article
Peak Re expands Structured Solutions team to deliver customised reinsurance to clients
11th April 2024
Hong Kong-based global reinsurer Peak Re has expanded its Structured Solutions team to enhance product diversity and deliver customised reinsurance solutions to both its Property & Casualty (P&C) and Life & Health (L&H) clients. The expanded Structured Solutions team will reportedly operate independently, underscoring its commitment to providing the most effective ... Read the full article
Acies MGU unveils construction-focused MGA, Phoenix Specialty
11th April 2024
Acies MGU, the technology and data-driven managing general underwriter (MGU), has launched Phoenix Specialty, a new specialist managing general agent (MGA) serving the construction sector. The MGA will be led by managing director Tim James, subject to regulatory approval. Previously, James led the successful development, growth and subsequent sale of Ensurance, a ... Read the full article
Sompo names Hideo Nakano Head of Japanese Interest Accounts
11th April 2024
Sompo has appointed Hideo Nakano as Head of Japanese Interest Accounts (JIA), Asia Pacific (APAC), with effect from April 1, 2024. In this newly created role, Nakano-san is tasked with leading the JIA teams across the APAC region to drive strategy, profitable growth and portfolio optimisation. He will report directly to the ... Read the full article
GIC Re targets domestic growth after strong April 1 renewals: Chairman, Narayanan
11th April 2024
India's General Insurance Corporation (GIC Re) continues to focus on growth within its domestic portfolio following strong April 1 2024 renewals, says Ramaswamy Narayanan, Chairman & MD of GIC Re, in an interview with CNBC TV18. At GIC Re’s April 1 renewals, its domestic portfolio witnessed substantial growth, increasing by nearly ... Read the full article
Everen elects new Board of Directors to serve until March 2025
11th April 2024
Bermuda-headquartered energy insurer Everen Limited’s shareholders, at its Annual General Meeting (AGM), elected a new Board of Directors who will serve until March 2025. The newly elected Board convened and appointed John Weisner as the Chair of the Board and Brian Mullen as the Deputy Chair for 2024, as Gwenola Jan, ... Read the full article
Protective enters agreement to acquire ShelterPoint
11th April 2024
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., has revealed that its principal subsidiary, Protective Life Insurance Company, has agreed to acquire ShelterPoint Group, Inc. ShelterPoint is a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others. The transaction is ... Read the full article
Robson to retire as AXIS Global Markets Head of Underwriting
10th April 2024
AXIS Capital has announced that Alistair Robson, Head of Underwriting for AXIS Global Markets, and Chief Underwriting Officer (CUO) of AXIS Managing Agency, has decided to retire. The company has confirmed that he will leave AXIS at the end of June 2024 after 13 years of service with the firm, ... Read the full article
Direct Line Group hires Aviva’s Poole as Group CFO
10th April 2024
Direct Line Group has hired Aviva's Jane Poole as Group Chief Financial Officer (CFO), subject to regulatory approval. In an announcement made by the company, it was revealed that Poole will join the Board in October 2024, succeeding Neil Manser who has been in post since January 2021. Currently, Poole serves as ... Read the full article
Taiwan quake not expected to be a capital event for non-life industry: AM Best
10th April 2024
As per a new report from AM Best, after a benign natural catastrophe year in 2023, the magnitude 7.2 earthquake that struck Taiwan is not expected to add significant claims and lead to a capital event for the Taiwan non-life industry. The recent earthquake is still the island’s largest in ... Read the full article
Slide secures $210m cat bond with closing of Purple Re Ltd.
10th April 2024
Slide Insurance, a technology enabled insurance firm, has finalised pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond, the biggest catastrophe bond yet from the company to date. From what Reinsurance News understands, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the initial target ... Read the full article
Howden Re bolsters International team with three hires
10th April 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has announced the addition of Terrence McDowell, Melodie Vanderpuye, and Hannah Ferriday Lanner to its International team. The rebranding to Howden Re was announced last week, and the trio of hires comes as the reinsurance broker continues ... Read the full article
Harrison appointed White Mountains EVP, Caffrey named President
10th April 2024
White Mountains Insurance Group, has appointed Giles Harrison as Executive Vice President and Chief Strategy Officer, and named Liam Caffrey President of White Mountains. Harrison, who will take over his new role on June 10, 2024, is joining White Mountains from Zurich’s subsidiary Farmers Group, Inc., where he most recently served ... Read the full article
Alliant expands into California through Vinsa Insurance Associates acquisition
10th April 2024
Alliant Insurance Services, an insurance brokerage and consulting firm, has expanded its presence in California through the recent acquisition of Vinsa Insurance Associates within its Alliant Public Entity division. Vinsa is an independent property and casualty insurance agency specialising in tailored and comprehensive insurance solutions for both commercial and personal lines, ... Read the full article