Reinsurance News
Apollo adds occupational accident underwriter Jahangez Chaudhery
16th November 2021
Independent specialist insurer and reinsurer Apollo Syndicate Management has appointed Jahangez Chaudhery as an occupational accident underwriter. Chaudhery brings close to 20 years' industry experience in the London and Lloyd’s market and reports to Chris Moore, head of ibott. He was most recently joint head of accident and health at AmTrust at ... Read the full article
Insurers will need to accelerate their evolution: S&P
16th November 2021
According to the 2022 Insurance Industry Outlook Report from S&P Global Market Intelligence, insurance companies will need to accelerate the evolution of everything from distribution and pricing to customer and investor relations. Analysts at S&P reported several key themes for the insurance industry that include emerging perils, the evolving nature of ... Read the full article
Canopius to use Samsung Fire & Marine’s A++ Admitted paper
16th November 2021
Specialty re/insurer Canopius Group and substantial minority shareholder Samsung Fire and Marine Insurance (SFMI) have reached an agreement to underwrite US admitted business on the latter’s A++ paper rated paper. This agreement marks the most significant business cooperation to date between the two parties as they seek to develop opportunities in ... Read the full article
Berkshire (BHSI) introduces new D&O policies in Germany
16th November 2021
Berkshire Hathaway Specialty Insurance (BHSI) has announced the launch of its Executive First Directors & Officers (D&O) Liability policy for commercial customers and a modular Professional First D&O and Errors & Omissions Liability solution for Asset Managers in Germany. Each of BHSI’s Executive First & Professional First policies provide tailored coverage ... Read the full article
Gallagher hires Martin Hiller as CEO for speciality construction practise
16th November 2021
Gallagher has appointed Martin Hiller as Chief Executive Officer of its speciality construction practice, where he had been chairman since 2017. He spent the majority of his career at JLT having initially joined as a founding member of its construction practice, and subsequently moved into roles including CEO of JLT’s construction ... Read the full article
Willis Towers Watson names Aon’s Hugo Wegbrans as Global Head of Broking
15th November 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has hired Hugo Wegbrans from rival broker Aon as its new Global Head of Broking and Broking Strategy. Effective early next year, Wegbrans will join the company's Risk and Broking business operation. He joins from Aon, where he most recently served as Leader ... Read the full article
95% of re/insurance execs view climate as investment risk: BlackRock
15th November 2021
A new study by investment management firm BlackRock shows that re/insurers are increasingly concerned about the implications of climate risk, with 95% of executives confirming it will have a significant impact on portfolio construction over the next two years. The findings of BlackRock’s tenth annual Global Insurance Report follow an unprecedented ... Read the full article
ABIR makes Public Policy & Government Relations hire
15th November 2021
The Association of Bermuda Insurers and Reinsurers (ABIR) has announced the appointment of Lynesha Lightbourne as Assistant Director of Public Policy and Government Relations. Lightbourne arrives with 18 years of business development, financial services, and high net worth client service experience, and joins ABIR from the Bermuda Business Development Agency (BDA), ... Read the full article
Miller appoints Kate Levett as Head of Market Management
15th November 2021
Specialist re/insurance broker Miller has announced the appointment of Kate Levett to the newly created role of Head of Market Management. Levett will report to Ken MacDonald, Executive Chairman, and lead the development and coordination of relationships with Miller’s carrier partners. This will include expanding client access to products and services, as ... Read the full article
Aston Lark acquires Innovation Broking
15th November 2021
Aston Lark Group, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Innovation Broking, based in London and Watford. Established in 2015, Innovation Broking is an independent corporate insurance broker and employee benefits adviser that was founded by Paul Dickson and Howard Pearson. The company ... Read the full article
HDI Global hires Michelle Boyd from AXA XL
15th November 2021
Specialty insurer, HDI Global Specialty SE has entered the Marine Hull and Machinery London market with the hire of Senior Underwriter Michelle Boyd. Boyd has over 20 years’ insurance market experience, covering both broking and underwriting roles and joins the specialty lines insurer from AXA XL, where she was senior marine ... Read the full article
James River hires Mike Hoffmann from Everest Re as Group CUO
15th November 2021
Bermuda domiciled insurance holding company, James River Group Holdings, Ltd., has appointed Mike Hoffmann to the newly created role of Group Chief Underwriting Officer (CUO), reporting to the company's Chief Executive Officer (CEO), Frank D’Orazio. As CUO, Hoffmann will head up a team with responsibility for underwriting, enterprise risk, and ceded ... Read the full article
Swiss Re’s Mumenthaler named Chairman of The Geneva Association
15th November 2021
Swiss Re Chief Executive Christian Mumenthaler has been appointed Chairman of The Geneva Association, having served as Vice Chairman since late 2019. Mumenthaler succeeds Intact CEO Charles Brindamour in the role, while Lee Yuan Siong, CEO & President of AIA, will step into his previous position as Vice Chairman. Additionally, Aviva CEO Amanda ... Read the full article
Asian Development Bank & V20 partner on Philippines climate insurance
15th November 2021
The Asian Development Bank (ADB) has announced a new project to develop climate-smart insurance for micro, small, and medium-sized enterprises (MSMEs) in the Philippines to be administered through the Asia-Pacific Climate Finance Fund (ACliFF). The climate-smart insurance project represents the first project under the Vulnerable Twenty Group’s (V20) new Sustainable Insurance ... Read the full article
Multi-billion dollar US floods drive up global nat cat bill for October: Aon
15th November 2021
A series of flooding events during October resulted in billions of dollars worth of economic costs, according to Aon's monthly natural catastrophe report. Meanwhile, a late-season severe weather outbreak in the US’ Southern Plains and Midwest generated large hail, damaging winds and tornadoes between Oct. 10 and 11. Aon says total economic ... Read the full article
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