Reinsurance News
Davies launches consulting business in Bermuda
21st October 2019
Operations management, consulting and digital solutions provider Davies Group has launched a new compliance & regulatory business in Bermuda. Davies Consulting (Bermuda) will provide insurance operations and consultancy solutions for insurance intermediaries and re/insurers. Davies says this new business will also deliver advisory and operations support for businesses looking to enter the ... Read the full article
Lloyd’s & Habitat for Humanity GB target braver, more resilient communities
21st October 2019
The specialist Lloyd's of London insurance and reinsurance marketplace has entered into a new partnership with Habitat for Humanity Great Britain, designed to help create braver and more resilient communities in climate risk areas. The Lloyd's Charities Trust has launched the new disaster resilience partnership with Habitat for Humanity Great Britain, ... Read the full article
Munich Re sees new possibilities for managing risk in data & AI
21st October 2019
Reinsurer Munich Re sees data analytics and artificial intelligence as key tools to open up new possibilities for managing and covering risk, and for supporting insurers across the entire value chain. “At Munich Re, our goal is to pioneer digital solutions for the insurance industry,” said Doris Höpke, Member of the ... Read the full article
Karl Wall launches new reinsurance run-off provider, The Carrick Group
21st October 2019
Karl Wall, who previously served as President and Chief Executive Officer (CEO) of Enstar (US) Inc., has announced plans to launch a new international non-life legacy business called The Carrick Group. The Carrick Group will initially be based in the U.S., UK, and Bermuda, and will provide reinsurance and run-off management ... Read the full article
Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden
21st October 2019
At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article
Berkshire (BHSI) enters Australian surety market
21st October 2019
Berkshire Hathaway Speciality Insurance (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced its entry into the Australian surety market, and has appointed Jonathan Griffiths as Head of Surety, Australia. Currently, BHSI provides surety products in the U.S., Canada, UK & Europe, and Asia. The new offering in Australia will ... Read the full article
Swiss Re names Kaspar Mueller as President of Reinsurance, LatAm
21st October 2019
Global reinsurer Swiss Re has announced the appointment of Kaspar Mueller as President of Reinsurance for Latin America, effective November 1, 2019. Mueller currently works for Swiss Re as Chief Operating Officer (COO) of Reinsurance, and has spent a total of 13 years with the company. In his new Miami-based role, he ... Read the full article
A collaborative approach unlocks powerful benefits: Swiss Re’s Villar
21st October 2019
The methodology of co-creation and the sharing of end-to-end expertise is vital to successfully provide and deploy re/insurance solutions, explains Fernando Villar, COO and Head of P&C Client Solutions EMEA, Swiss Re. Speaking with Reinsurance News around the annual Baden-Baden Reinsurance Congress, Swiss Re’s Villar explained that co-creation, partnerships, innovation and ... Read the full article
CRESTA updates info for geographic zoning system
21st October 2019
CRESTA, the re/insurance industry organisation that provides a standard global system of risk accumulation zones, has released an updated version of its zoning system for 2019. In its 2019 release, CRESTA has updated all 4,901 low-resolution and 242,172 high-resolution zones for the 137 countries covered by the organisation, following consultation with ... Read the full article
Legacy market set to go “from strength to strength”: DARAG’s Tom Booth
18th October 2019
The legacy re/insurance market is gearing up for further growth and is ready to go “from strength to strength,” according to Tom Booth, Chief Executive Officer (CEO) at DARAG. Speaking in an interview with Reinsurance News, Booth said that legacy re/insurers continue to enjoy an “active, vibrant marketplace” with no shortage ... Read the full article
Munich Re US names Juan Herrera as Head of Diversity & Inclusion
18th October 2019
Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has announced the appointment of Juan Herrera as its first full-time Head of Diversity & Inclusion. Based in Princeton, New Jersey, Herrera will report to Brian Viscusi, U.S. Regional Head of Human Resources. He will be tasked with ... Read the full article
Davies Group acquires workers’ comp claims administrator
18th October 2019
Operations management, consulting and digital solutions provider Davies Group has announced the acquisition of Alternative Service Concepts, a workers’ compensation and property casualty third party administrator. ASC is set to join Davies’ newly formed North American Claims Solutions business, alongside its recently-acquired independent adjusting business, Frontier. ASC will form a new ... Read the full article
Swiss Re CorSo targets enhanced online portal with EigenRisk partnership
18th October 2019
Swiss Re Corporate Solutions (Swiss Re CorSo), a division of global reinsurance giant Swiss Re, has chosen EigenRisk as its partner to deliver enhanced capabilities for PULSE, Swiss Re's online client portal. Swiss Re CorSo hopes to achieve enhanced capabilities for PULSE through its partnership with EigenRisk via the InsurTech's EigenPrism ... Read the full article
Rothesay Life in £3.8bn pension buy-in deal with Asda
18th October 2019
Rothesay Life, the specialist insurer of defined benefit pension schemes, has agreed to a £3.8 billion bulk annuity buy-in of the Group Pension Scheme of Asda, the UK supermarket retailer owned by Walmart. The transaction has been secured in anticipation of a full buy-out of the Scheme, and will be enabled ... Read the full article
RAA’s Joe Sieverling added to Federal Reserve advisory committee
18th October 2019
The Reinsurance Association of America's senior vice president and director of financial services Joe Sieverling has been appointed to the Federal Reserve’s Insurance Policy Advisory Committee (IPAC). The IPAC consists of 21 members and was launched in 2018 to provide information, advice and recommendations to the Board of Governors on international ... Read the full article