Reinsurance News
BevCap names Jeff Meyer as Exec VP of Healthcare Captives Division
18th December 2023
Alternative risk program manager BevCap Management has announced the appointment of Jeff Meyer as Executive Vice President of its Healthcare Captives Division. Meyer brings over two decades in the self-funded carrier and MGU space, experience he will leverage to grow BevCap's benefits captive programs for self-funded plans. He also brings deep knowledge ... Read the full article
Miller strengthens reinsurance team with addition of Chris Board
18th December 2023
Miller, the specialist re/insurance broker, has appointed Chris Board to its reinsurance team. Initially based in Bermuda, the plan is for Board to join the firm's London office next year. Board will report to Charlie Simpson, Head of Bermuda. His appointment is part of the company’s strategically mapped reinsurance plan that ... Read the full article
Westfield Specialty enters property D&F with team led by Lancashire’s Wood and Inigo’s Prior
18th December 2023
Westfield Specialty, a US property & casualty insurer, has formed a team to lead its entry into international property direct and facultative (D&F) insurance, which includes the hire of Richard Wood from Lancashire and Chris Prior from Inigo. Joining the company in July 2024, Wood will lead the new International Property ... Read the full article
Dale Underwriting Partners and CVC announce strategic partnership for growth
18th December 2023
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has completed its previously announced transaction with CVC. The transaction completion follows approval from the Prudential Regulation Authority (PRA) and Lloyd’s. CVC is a global private markets manager with €177 billion of assets under management as announced ... Read the full article
“Difficult to claim” we are in a true hard market for commercial lines P&C: Bank of America
18th December 2023
According to Bank of America Securities analysts, it is already difficult to claim that the industry is in a true hard market for commercial lines for property & casualty (P&C), and they believe that this will become "increasingly clear" through 2024. Analysts also noted that they think margins will expand in ... Read the full article
Amwins’ Equisure launches livestock insurance program
18th December 2023
Amwins' Equisure has announced the launch of their new Livestock insurance program, that offers animal mortality, diseases and transit coverage for several types of livestock-related risks. According to the announcement, coverage is available nationally and is written on both an admitted and non-admitted basis by carriers AM Best rated "A+" and "A-" ... Read the full article
James River Group names William Bowman as President & CEO, Specialty Admitted
18th December 2023
James River Group Holdings, Ltd. has named William “Bill” Bowman as the President and Chief Executive Officer (CEO), Specialty Admitted Insurance, reporting to Frank D’Orazio, CEO of the Company. Bowman joined the Company in 2019 as Senior Vice President, Program Management. He led the program and fronting business within the Specialty ... Read the full article
London’s Pension Insurance Corp reportedly a target for large private equity firms
15th December 2023
The Financial Times has reported that Apollo, Carlyle, and KKR are all exploring bids for London-based Pension Insurance Corporation (PIC) ahead of the deadline, citing people familiar with the matter. Earlier this year, PIC announced a record £6.5 billion UK pension buy-in deal with the RSA UK Pension Trustees. It's ... Read the full article
AXIS & Provident to provide A&H insurance solutions through US purchasing program
15th December 2023
AXIS Capital Holdings has announced that AXIS Insurance Company has secured a four-year contract to provide specialty accident and health (A&H) insurance solutions to governmental, educational, and non-profit businesses across North America through a US-wide purchasing program, operated by Sourcewell. AXIS, in partnership with Provident Agency, Inc., will offer a wide ... Read the full article
Howden Tiger teams with VIP Software to deliver loss cost benchmarking data
15th December 2023
The reinsurance broking arm of global insurance group Howden, Howden Tiger, has entered into a new partnership with VIP Software, a vendor management platform for insurers. VIP Software's robust loss cost management platform brings a variety of different features. One key feature of the platform is that it includes billing automation ... Read the full article
Zurich appoints Drazen Jaksic as CEO, Benelux
15th December 2023
Global insurer Zurich has appointed Drazen Jaksic to the role of Chief Executive Officer (CEO) Benelux. Based in Brussels, Jaksic will report to Sierra Signorelli, CEO Commercial Insurance, effective immediately. Signorelli commented on the appointment, “I am delighted that Drazen is taking on the CEO role for our Benelux region. He ... Read the full article
Lloyd’s expands investment horizon with launch of US Direct Lending Fund
15th December 2023
Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform. This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of ... Read the full article
R&Q board recommends sale and business separation for strategic refocus
15th December 2023
In a unanimous decision, the Non-Executive Directors of non-life specialty insurer R&Q have recommended the separation of its business through a proposed sale. The directors assert that this move is in the best interests of R&Q, its shareholders, and other stakeholders. The proposed sale, which hinges on shareholder approval at a Special ... Read the full article
DUAL North America’s NBIS undergoes leadership transition
15th December 2023
Bill Tepe, President of NationsBuilders Insurance Services, Inc. (NBIS), a DUAL subsidiary since 2009, has announced his retirement effective January 12th, 2024. Tepe, who contributed 14 years of service to NBIS, expressed pride in the shared triumphs and growth during his tenure, extending gratitude to the exceptional team and partners. D.J. Postles, ... Read the full article
Helios Underwriting ups capacity for 2024 to £501m
15th December 2023
Helios Underwriting PLC, the Lloyd's investment vehicle, has upped its capacity for 2024 to £501 million, as the company takes advantage of new syndicate opportunities. This 2024 capacity represents a 61% increase from 2023, where total capacity stood at £310 million. According to the firm, the growth has been achieved through a ... Read the full article