Reinsurance News
Akur8 & MS&AD Insurance Group enter into strategic partnership
9th June 2022
AI-driven pricing insurance company, Akur8 and leading global insurance organization, MS&AD Insurance Group, have announced a new strategic partnership to foster further innovation. With the announcement of this deal, Akur8 continues to expand in Asia and beyond, hand-in-hand with a leading global insurer. In a press release, it notes that the partnership ... Read the full article
Markel Intl. appoints Bryan Dressler Head to senior W&I role
9th June 2022
Markel International has announced that it has appointed Bryan Dressler as Head of warranty and indemnity (W&I) for its professional and financial risk (PFR) division. He will be based at Markel’s London officer and will report to David Sawyer, divisional managing director of PFR at Markel International. Within his new role, Dressler will be ... Read the full article
Aon expands MasterTrust team
9th June 2022
Re/insurance broker Aon has made three new appointments to support growth in its master trust and related defined contribution (DC) solutions. Hâf Lloyd-Birchall joins as a senior client manager, having previously worked as a DC consultant at PwC, where she supported a range of companies on governance, communications, and scheme strategy ... Read the full article
wefox appoints Hanna Jacobsson to Board
9th June 2022
wefox, a Berlin-based full-stack digital insurance company has appointed Hanna Jacobsson to the Board. The company has stated that Jacobsson will serve as a Non-Executive Director with immediate effect. An actuary by profession, Jacobsson started out her career specialising in finance and held roles such as Vice Chief Financial Officer (CFO) at ... Read the full article
ICA adds Swiss Re’s Sharon Ooi to Board
9th June 2022
The Board of the Insurance Council of Australia (ICA) has announced that Sharon Ooi has been appointed as a Non-Executive Director of the ICA Board. Ooi is Managing Director, Head of Australia and New Zealand, for Swiss Re, and a member of the Australian Financial Services Council (FSC) Life Board Committee. She ... Read the full article
SiriusPoint appoints Bobby Heerasing to new role as UK country branch manager
9th June 2022
SiriusPoint has appointed Bobby Heerasing as UK country branch manager. The moves follows the link-up between the firm and Mosaic, which was first announced in March. Following, and subject to the close of the transaction as well as Lloyd’s and regulatory approvals, Robert Harman, CEO of SiriusPoint London and managing director ... Read the full article
PERILS revises industry loss estimate for Eastern Australia flooding
9th June 2022
PERILS says that its industry loss estimate for the Eastern Australia floods earlier this year now stands at AUD $4,895m. It said that in line with its event definition, the loss number covers the property and motor hull lines of business. Earlier estimates of the cost had placed it at ... Read the full article
Liberty GTS names Regional Manager for Asia Pacific
9th June 2022
Liberty Global Transaction Solutions has announced the appointment of Geoffrey Lee as the Liberty GTS Regional Manager, Asia Pacific (APAC). In this role, Lee will continue to report to William Lewis, Head of Asia Pacific for Liberty GTS. Lee is a qualified solicitor specializing in corporate M&A, having previously established his legal ... Read the full article
Nat cat pricing momentum should last 2+ years: Swiss Re CUO
9th June 2022
Thierry Léger, Chief Underwriting Officer (CUO) of Swiss Re, has said that price momentum in natural catastrophe reinsurance lines should last for at least another 1-2 years at today's rate and potentially for longer. Speaking at the Goldman Sachs European Financials Conference in Rome earlier this week, Léger explained that Swiss ... Read the full article
Euro inflation pressure broadening out, core CPI rises to new multi-decade high: Swiss Re Institute
9th June 2022
A new report from Swiss Re Institute states that Euro area inflation pressure is broadening out and becoming “stickier”, as core Consumer Price Index (CPI) rises to a new multi-decade high. The current inflation surge is also increasing claims severity for European property and casualty (P&C) insurers, particularly in property and ... Read the full article
Insurtech Cytora names Zaheer Hooda as Head of North America
9th June 2022
UK insurtech Cytora has appointed Zaheer Hooda - former Senior Vice President of Data and Digital Enablement for Hiscox USA, as its Head of North America. Within his new role, Hooda will bring his fifteen years of experience within the industry, which includes driving strategic operational and digital transformation projects for ... Read the full article
Carbon insurtech Kita raises £350k in pre-seed funding
9th June 2022
Insurance firm Kita has raised £350k in a round of pre-seed funding led by Insurtech Gateway. The round, which also included investors Carbon13, Climate VC, and Echelon Capital, was said by the firm in a statement to have been ‘oversubscribed’. It also said that the funding will be used to build and ... Read the full article
ICIEC & Saudi Exim Bank secure reinsurance agreement
9th June 2022
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Saudi EXIM Bank have signed reinsurance agreements during the Islamic Development Bank’s Private Sector Forum (PSF). The agreements will help facilitate the flow of trade finance into and out of the Kingdom of Saudi Arabia. The facultative reinsurance agreement ... Read the full article
Insurers can influence a positive outcome through better management of ESG risks: KBRA
9th June 2022
In a recent report released by KBRA on climate change, analysts have stated that while much of the insurance industry has taken “concrete steps” to address the issue on the asset side of the balance sheet, incorporating sustainability into underwriting is a complex endeavour that requires time and a differentiated ... Read the full article
Sompo International appoints Nicholas Walsh to board of directors
9th June 2022
Sompo International has appointed Nicholas Walsh to its board of directors. The firm said that Walsh 42 years with AIG before retiring in 2014 from his position of vice chairman of AIG Property and Casualty. He also served as executive vice president of AIG. James Shea, executive chairman of the board of ... Read the full article
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