Reinsurance News
Nephila to launch new ILS investor-backed Lloyd’s syndicate
21st December 2021
Nephila Capital, the world’s largest insurance-linked securities (ILS) investment manager, has announced plans for its Lloyd’s specialty syndicate 2358, as the firm looks to provide investors with greater access to the wider specialty insurance market. Set to commence trading in the new year, syndicate 2358 will focus on short to medium ... Read the full article
Australian Government adds David Foster to ARPC
21st December 2021
The Australian Reinsurance Pool Corporation (ARPC), a government-backed terror risk reinsurance venture, has appointed David Foster as its newest member. Foster is a Brisbane-based Non-Executive Director with a diverse portfolio of Directorships and Advisory roles. Foster’s last senior executive role was CEO of Suncorp Bank. In addition to five and a half ... Read the full article
Guy Carpenter hires Swiss Re’s Modugno as MD Continental Europe Fac
21st December 2021
Reinsurance broker Guy Carpenter has announced the appointment of Vito Modugno, formerly of Swiss Re, as Managing Director of its Continental Europe Facultative practice. Modugno joins the Guy Carpenter after more than 13 years with reinsurance giant Swiss Re, where he most recently served as Lead of P&C Facultative Solutions EMEA. During ... Read the full article
Paul Cooper returns to Hiscox as Group CFO
21st December 2021
Specialist insurer and reinsurer Hiscox has announced the appointment of Paul Cooper as its new Group Chief Financial Officer (CFO), subject to regulatory approval. Currently, Cooper serves as Interim CFO at M&G Plc, a FTSE 100 asset manager and life insurance company. In this role, he is responsible for the planning, ... Read the full article
AXIS Capital promotes Helen O’Sullivan to Global Treasurer
21st December 2021
AXIS Capital Holdings has appointed Helen O’Sullivan to Global Treasurer of AXIS, where she will report to Peter Vogt, Group Chief Financial Officer and work from Dublin, Ireland. In this role, O’Sullivan will be responsible for overall capital, foreign currency, cash and liquidity management, as well as managing rating agency relationships ... Read the full article
Sompo Intl. names John Goodloe as EVP, Head of E&S Casualty, US
20th December 2021
Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed John Goodloe as Executive Vice President, Head of E&S Casualty, for U.S. Insurance. Goodloe will report to Christopher Sparro, CEO, U.S. Insurance, Sompo International Holdings and will be based in Alpharetta, GA. He joins Sompo International ... Read the full article
Brit leveraging machine learning to sharpen US tornado damage identification
20th December 2021
Brit has expanded its use of a proprietary machine learning algorithm in its efforts to accelerate the identification of US Tornado property damage. The technology will be used alongside its own ultra-high-resolution imagery. Brit successfully deployed this technique to identify insured property damage following last week’s catastrophic US tornadoes. The machine learning algorithm ... Read the full article
Pro Global MGA to provide incubator platform for Tierra
20th December 2021
Global re/insurance advisor, Pro Global Holdings' Managing General Agent incubator subsidiary, Pro MGA Solutions (Pro MS), has announced it will provide an incubator platform for Tierra Underwriting (Tierra). Tierra is a Managing General Agent (MGA) that underwrites on behalf of two Lloyd’s syndicates, Argo Syndicate 1200 and Ascot Syndicate 1414. The MGA ... Read the full article
AIG hires Graham Fulcher as International General Insurance Chief Actuary
20th December 2021
Global insurer and reinsurer, American International Group has appointed Graham Fulcher as International General Insurance Chief Actuary. Based in London, Fulcher will report to Jon Hancock, Chief Executive Officer, International General Insurance and Richard Olsen, Chief Actuary, General Insurance. He joins AIG from Chubb where he served as Chief Actuary for Overseas General ... Read the full article
WTW designs ‘game changing’ climate-focused parametric solution
20th December 2021
Broker Willis Towers Watson has announced its involvement in the design and placement of the world’s first parametric insurance transaction capable of making possible the Government of Belize’s ground-breaking debt restructuring for marine conservation. Munich Re participated in an underwriting capacity, with the insurance protection having played a crucial role in ... Read the full article
Insurers will innovate to improve customer experience post-COVID: Clyde & Co
20th December 2021
Throughout 2022, insurers are expected to innovate to improve customer experience and build trust, post-COVID, according to Ernie Van Der Vyver, partner at Clyde & CO. “With the flow of COVID-related business interruption (BI) claims payments nearing its end, in 2022 insurers will focus on strengthening their brands and customer relationships ... Read the full article
EIOPA sees environmental risks as top concern for re/insurers
20th December 2021
A new report by the European Insurance and Occupational Pensions Authority (EIOPA) has identified environmental risks as among the most pressing concerns for the re/insurance and pension sectors. EIOPA said environmental risks are the top risk in terms of the highest expected increase in materiality for these sectors given that extreme ... Read the full article
Helios issues new shares to fund Exalt acquisition
20th December 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired the entire issued capital of Exalt Underwriting for £409,550, in line with its strategy of increasing underwriting capacity through acquisitions. £241,792 of the £409,550 has been satisfied by the issue of 141,399 ordinary shares. Application has been made for the ... Read the full article
Milliman names Dermot Corry CEO
20th December 2021
Consulting and actuarial firm Milliman has named Dermot Corry as its new Chief Executive Officer, effective in the new year. A leader of Milliman's Dublin office, Corry has served as Global Life and Financial Services Practice Director for the last six years. He succeeds Stephen White, who is set for retirement. "Dermot has ... Read the full article
Argo Group to sell Malta operation to Riverstone
20th December 2021
Argo Group, the US and international focused specialty insurer, has announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd., to legacy and run-off specialist Riverstone Holdings Limited. The ArgoGlobal SE business unit has been unused for a time, as Argo shifted its focus back to the United ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
