Reinsurance News
Resolution Life announces new rep office in Singapore to serve Asian life insurers
6th April 2022
Global life insurance group, Resolution Life has announced the formation of its new Representative Office in Singapore, following recent approval by the Monetary Authority of Singapore. The formation of the Representative Office is the first step in the company’s plan to establish itself in Asia, with ambitions to grow its portfolio ... Read the full article
Energy transition risk accelerated by events in Eastern Europe: WTW
6th April 2022
According to the annual Energy Market Review by global re/insurance broker WTW, the need to manage energy transition risk is being accelerated by the requirement to seek alternative sources of energy to oil and gas, following events in Eastern Europe. The report also covers the volatility of the energy sector, with ... Read the full article
AJ Gallagher acquires UK claims administrator
6th April 2022
Global insurance broker, Arthur J. Gallagher & Co., has announced its acquisition of UK third-party claims administrator Claims Settlement Agencies Ltd (CSA). Arthur J. Gallagher’s risk management services subsidiary, Gallagher Bassett International Ltd (GB), carried out the purchase of CSA, which is based in Hadleigh, Essex. Founded in 1990, CSA specializes in ... Read the full article
New capital requirements in Japan are credit positive: Moody’s
6th April 2022
Moody’s has said that Japan's new economic capital regulations for insurers are credit positive by encouraging more efficient capital management. The firm said in a new report that the regulations will improve insurers' capital management, promote balanced risk-taking and make capital metrics more reflective of, and responsive to, interest rate changes. ... Read the full article
Miller hires Chris Hardcastle as Head of Delegated Authorities
6th April 2022
Specialist re/insurance broker Miller has appointed Chris Hardcastle as Head of Delegated Authorities, a newly created role where he will report to Tim Norman, Executive Committee member and Head of Delegated Authorities & Professional Risks. Hardcastle holds just under 30 years’ experience working in delegated authority business, and joins from Alesco ... Read the full article
Rokstone appoints Jonathan Butcher as non-executive director
6th April 2022
Rokstone has appointed Jonathan Butcher as non-executive director. The firm said this was the first time that it had had a non-executive director. James Potter, CEO of Rokstone, comments: “We’re delighted to welcome Jonathan on board as a Non-Executive Director. He has a strong and illustrious underwriting background and business development track ... Read the full article
Adaption “absolutely key” in world facing growing climate risks: Munich Re’s Rauch
5th April 2022
With increasingly severe floods, storms and wildfires set to make some places “uninhabitable”, and insurance cover too costly, there is now an urgent need for greater investment in making communities more resilient and in adapting to climate impacts, Chief Climate and Geo Scientist at global reinsurance giant Munich Re, Ernst ... Read the full article
Mt. Logan Re appoints McBride to Global Head of Marketing and Business Development
5th April 2022
Mt. Logan Re Ltd, the third-party capital arm of Everest Re, has appointed Greg McBride to the newly created position of Global Head of Marketing and Business Development. In addition, the company also announced the retirement of Board Member David Whiting, who joined the company in 2013 and played a critical ... Read the full article
Skyfora updates Tropical Storm Seasonal Forecast model
5th April 2022
Skyfora has updated its Tropical Storm Seasonal Forecast model, a solution which provides probabilistic predictions for the likelihood of various events in different categories for the upcoming tropical cyclone season. The categories consist of tropical cyclone (TC) intensity, TC genesis by region, and TC landfall by region. In addition to pre-season forecasts ... Read the full article
RenRe launches casualty & specialty joint venture
5th April 2022
Bermuda headquartered reinsurance specialist RenaissanceRe, has announced the creation of Fontana Holding L.P. and its subsidiaries - a joint venture dedicated to writing Casualty and Specialty risks. In a press release, it states that Fontana launched with $475 million of capital and targets institutional investors, who contributed $325 million, with the ... Read the full article
HDI Global Mexico names Mendoza as Managing Director
5th April 2022
HDI Global SE has announced that Omar Mendoza Lizaola has joined its operations in Mexico as Managing Director. At the same time, German Cardenas will assume the role of Executive Operations Director. With 24 years of expertise in the local commercial insurance industry, Mendoza joins HDI Global after an 18 year career ... Read the full article
Mosaic adds Lloyd’s carrier Apollo to boost syndicated global capacity
5th April 2022
Mosaic Insurance has added Lloyd’s carrier Apollo to its consortia of industry partners, boosting the amount of syndicated capacity it can deploy for high-demand transactional liability coverage worldwide. The new partnership will support Mosaic’s hybrid syndicated capital program, in which Mosaic Syndicate 1609 commits capital alongside that of trade partners seeking ... Read the full article
K2 International looks to attract underwriters to its platform
5th April 2022
Based in London, underwriting firm K2 International has made some big steps in the two years since it was established by its parent US company, K2 Insurance Services LLC. Throughout recent months, beginning in 2021 and going into this year, the firm has made several significant personnel hires; attracted new carriers; ... Read the full article
Risk Solved appoints Richard Thomas into new role
5th April 2022
Risk Solved has appointed Richard Thomas to be its new chief strategy and partnerships officer. The firm said that the appointment was to bolster its continued strategic growth. Prior to his new role, Thomas was European risk control leader at Sompo International Global Risk Solutions after spending 10 years at QBE as ... Read the full article
ILS Bermuda names Jo Stanton as Chair of its Committee
5th April 2022
ILS Bermuda, a group promoting economic development through the growth of insurance-linked securities (ILS) and alternative risk transfer in Bermuda, has appointed Jo Stanton as Chair of the ILS Bermuda Committee, where she will succeed Kathleen Faries. Stanton has been a member of ILS Bermuda since 2015, serving as Deputy Chair ... Read the full article
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