Reinsurance News
Markel promotes Hollis Zyglocke
11th January 2022
Markel Corporation has appointed Hollis Zyglocke as Regional President, Mid-Atlantic for the Markel Specialty division, taking on responsibility for leading the region within Markel Specialty's East Territory. She joined Markel in 2017 and most recently served as Senior Director, Underwriting & Production, Casualty/Excess & Umbrella in Markel's Mid-Atlantic Region. She succeeds Steve ... Read the full article
MS Amlin hands Vipul Gupta SEO Dubai role on a permanent basis
11th January 2022
Specialty Lloyd's insurer and reinsurer, MS Amlin Underwriting Limited (MS AUL), has made Vipul Gupta its permanent Senior Executive Officer (SEO) in Dubai, subject to regulatory approval. Gupta first joined MS Amlin in 2015 and has served as the interim SEO in Dubai since July 2021. He will report to Johan Slabbert, ... Read the full article
Climate failure & social crisis dominate global concerns: WEF
11th January 2022
A new report by the World Economic Forum (WEF) has identified climate failure as the foremost long-term global risk, with societal divides, livelihood crises and mental health deterioration dominating the shorter-term landscape. The WEF’s Global Risks Report 2022 also found that most experts believe a global economic recovery will be volatile ... Read the full article
Aon hires Pete Rutherford as Enterprise Client Leader, FI, UK
11th January 2022
Insurance and reinsurance broker Aon has appointed Pete Rutherford as Enterprise Client Leader, Financial Institutions in the UK, reporting to Richard Phelps, Head of Financial institutions (FI), UK and EMEA. Rutherford will help build key client relationships for Aon ... Read the full article
Swiss Re’s 1863 ILS fund secures $250mn investment from Sweden’s Alecta
11th January 2022
Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), the investment manager of the global reinsurer's natural catastrophe-focused 1863 fund platform, has secured an investment of USD 250 million from Swedish pension fund, Alecta. Swiss Re's wholly owned subsidiary, SRILIM, received authorisation from FINMA to act as an asset manager for investment ... Read the full article
Change is being driven by consumer demand: Krista Griggs, Fujitsu
11th January 2022
Change is being driven by consumer demand, whether it’s for digital services, convenience or sustainable offerings, according to Krista Griggs, Head of Financial Services and Insurance at Fujitsu UK & Ireland. “Insurance organisations could never have predicted the rippling impact it would have, but as the industry recovers and as we ... Read the full article
Enstar enters into $3.12bn LPT transaction with Aspen
11th January 2022
A wholly owned subsidiary of Enstar Group Limited has reached an agreement for a ground-up loss portfolio transfer (LPT) with Aspen Insurance Holdings Limited for its 2019 and prior business. Under the terms of the arrangement, Enstar's subsidiary will reinsure losses incurred on or prior to December 31st, 2019, on a ... Read the full article
Tokio Marine HCC names President of Cyber & Professional Lines Group
11th January 2022
Tokio Marine HCC has announced the appointment of Michael Palotay as President of its Cyber & Professional Lines Group, effective January 1st. Palotay, who previously served as Chief Underwriting Officer, will succeed Richard Robin who is retiring and will remain in a consultative capacity until April 1. With more than 15 years’ ... Read the full article
Gallagher Re adds Andrew Geldart to Australia & NZ team
11th January 2022
Global reinsurance broker Gallagher Re has announced the addition of Andrew Geldart to its Australia and New Zealand team as Executive Director Broking. Based in Sydney, Geldart joins the business with effect from December 2021. He arrives from Vero Insurance, where he has spent the previous 16 years, most recently as Senior ... Read the full article
Climate change making peak peril distinctions irrelevant: Howden
10th January 2022
According to analysts at Howden, the growing threat of climate change and its influence on the severity of many insured catastrophes is removing the need for any distinction between ‘peak’ and ‘non-peak’ perils. The broker says climate risk replaced COVID-19 to become the re/insurance market’s pre-eminent concern in 2021, as another ... Read the full article
SiriusPoint promotes Ari Chester as Warren Trace retires
10th January 2022
Specialty insurer and reinsurer SiriusPoint Ltd. has promoted Ari Chester to Head of US and Canada Reinsurance, succeeding Warren Trace following his retirement after 38 years of service at Sirius Group and predecessor firms. Chester transitions into his new role from Chief Operating Officer (COO), Americas Reinsurance at SiriusPoint, having joined ... Read the full article
Toa Re Europe sponsors $25mn private cat bond
10th January 2022
Toa Re Europe, the Switzerland-based European reinsurance arm of Japanese group Toa Reinsurance Company, has sponsored $25 million of Silver Crane three-year catastrophe notes with selected investors. This private catastrophe bond will further develop Toa Re Europe’s collaboration with capital market partners, along with the renewal of its predecessor Blue Crane, ... Read the full article
SCOR names Lacroix as Head of Sustainability, expands team
10th January 2022
SCOR has announced the appointment of Michèle Lacroix as Group Head of Sustainability, as part of a wider effort to expand and reinforce its team dedicated to sustainability. In this new team, Paul Nunn, currently Head of ESG within the P&C Business Unit, has been promoted to Head of Sustainable Insurance ... Read the full article
Berkshire Hathaway’s NICO invests in Ariel Re
10th January 2022
National Indemnity Company (NICO), part of Warren Buffett's insurance and reinsurance firm Berkshire Hathaway, has expanded its strategic alignment with reinsurer Ariel Re through an investment and multi-year quota share agreement. NICO has both invested in Ariel Re Convertible Notes and extended its underwriting commitment to Ariel Re's Syndicate 1910 at ... Read the full article
Vantage kicks off 2022 with numerous appointments
10th January 2022
Vantage Group Holdings Ltd., which launched ahead of the January 1st, 2021, reinsurance renewals as a Bermudian specialty insurer and reinsurer, has welcomed a number of new colleagues to its ranks at the start of 2022. Established and led by industry veterans Dinos Iordanou as Non-Executive Chairman and Greg Hendrick as ... Read the full article
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