Reinsurance News
BILTIR appoints Ross to Board
5th April 2022
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has appointed Hannah Ross to its Board of Directors. Ross currently serves as Chief Strategy and Capital Officer at multi-line insurance and financial services company – The Argus Group, where she leads a team covering group actuarial and risk, capital and finance, and ... Read the full article
QBE names Fabian Desch as Head of Distribution, Continental Europe
5th April 2022
Global insurer QBE has appointed Fabian Desch as Head of Distribution for Continental Europe, where he will report to Andy Besant, Chief Customer Officer, QBE European Operations. He joined from Willis Towers Watson where he was most recently Deputy Head of Broking Western Europe. He has over 21 years’ experience as a ... Read the full article
Russia/Ukraine fears likely overdone: JMP Securities
5th April 2022
According to analysts at JMP Securities, the Russia-Ukraine conflict fears are likely overdone, but loss estimates remain highly complex and fluid. Figures that are being discussed in the media are reaching a potential $13 billion in losses in the $200 million premium aviation war market were strongly downplayed by those JMP ... Read the full article
R&Q ratings under review after takeover announcement
5th April 2022
AM Best has placed the ratings of R&Q and its subsidiaries under review with developing implications, following last week’s announcement that the company will be acquired by one of its major shareholders, in an deal backed by investment group 777 Partners. The developing implications reflect uncertainties surrounding R&Q’s prospective risk-adjusted ... Read the full article
BMS names Elizabeth Robinson as director, financial lines
5th April 2022
Specialist re/insurance broker BMS has appointed Elizabeth Robinson as a director in financial lines, where she will be based in London, and will report to Chris Madell, managing director of financial and professional lines. Robinson joins BMS from Tysers where she spent more than 5 years, most recently as director of ... Read the full article
Cenata and IQUW partner on reinsurance management solution
5th April 2022
Insurtech software provider Cenata has partnered with Property, Commercial and Specialty re/insurer, IQUW, enabling the Lloyd’s syndicate to use Cenata’s outwards reinsurance management solution, Cenata SURE, a full cycle outwards reinsurance management solution. The partnership will provide IQUW with the capability to process real-time premium and claims data from multiple inwards ... Read the full article
WTW reports strong start to 2022 in global M&A activity
5th April 2022
WTW is reporting a strong start to the year in global M&A activity, with completed deals valued at over $100m in Q1. The firm said that 220 transactions have been closed in Q1, which it said was the second highest Q1 result since 2008, achieved despite the sharp fall in SPAC ... Read the full article
Inigo launches Montoya Re catastrophe bond
5th April 2022
Inigo has completed its first catastrophe bond deal, a Montoya Re Series 2022-1 transaction through which it has secured peak catastrophe peril reinsurance capacity from capital market investors. The cat bond was launched 1 April and is a $115m transaction covering earthquake and windstorm risk in the US, Canada, and ... Read the full article
Conduit Re “perfectly placed” to take advantage of 2021/22 hard market: Eckert
5th April 2022
Chairman of property and casualty reinsurer, Conduit Re, Neil Eckert, has said that because of the propitious timing of the company’s launch, and the exceptional hard work of the team in building out ability to deliver on plans, Conduit Re is “perfectly placed” to take advantage of the current conditions ... Read the full article
Allianz Benelux implements Munich Re’s ALLFINANZ
5th April 2022
Allianz Benelux, a member of the Allianz Group, has implemented Munich Re’s ALLFINANZ suite of products, where the partnership will enable Allianz to speed up the life insurance underwriting journey for Dutch applicants. ALLFINANZ will provide Allianz with complete end-to-end capabilities across automated underwriting and advanced analytics. The ALLFINANZ suite of products ... Read the full article
Verisk forms Climate Advisory Council
5th April 2022
Verisk has announced the formation of a Verisk Climate Advisory Council, whose members will provide strategic guidance and feedback on climate change solutions the company is developing. The ongoing research of the council members will help ensure that Verisk is well-informed on the latest climate change research and analyses, the firm ... Read the full article
Insurance industry’s financial clout key to fighting climate change: Lloyd’s CEO Neal
4th April 2022
Lloyd’s CEO John Neal has said climate change is the ‘single biggest opportunity’ he has seen in his career. Speaking on the Lloyd’s 2021 earnings call, Neal said that he saw climate change not as a threat, but as an opportunity for the industry ‘to stand up and be counted’. Neal said ... Read the full article
Ascot promotes Keith to Specialty/Casualty CUO, Bermuda
4th April 2022
Specialty re/insurer Ascot has announced that Justin Keith has been promoted to Chief Underwriting Officer (CUO), Casualty/Specialty in Bermuda. Within this new role, Keith will oversee Ascot’s Management Liability and Healthcare insurance portfolios, along with Ascot Bermuda’s expansive Casualty/Specialty reinsurance operation. Keith’s promotion comes after spending five years at Ascot. His most ... Read the full article
Howden picks up Italian firms Nord Est and ASI
4th April 2022
Howden has acquired two more Italian firms as part of its plan to accelerate growth in Italy. The company said it has picked Nord Est Insurance Broker and ASI, adding the pair to its portfolio with the Italian firms Assiteca, Andrea Scagliarini, and Tower. Luigi Sturani, regional CEO, Howden, ... Read the full article
Swiss Re’s iptiQ and Independer launch home insurance and new consumer brand
4th April 2022
Swiss Re´s digital B2B2C insurer iptiQ and Independer, a financial aggregator in the Netherlands, is adding to Dutch home insurance under the new consumer brand Mintley. Home insurance is one of iptiQ's key products, and Independer's understanding of Dutch customers helped to develop a strong proposition tailored to the market. This newly ... Read the full article
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