Reinsurance News
Aon shuffles EMEA leadership
15th July 2021
Global insurance and reinsurance broker Aon has announced a number of senior leadership appointments in EMEA, as John Cullen steps down from his role as Chief Executive Officer (CEO) of Commercial Risk, Health and Affinity in EMEA at the end of June. As a result of Cullen's transition from the role, ... Read the full article
Sylvie Gleises named Country Manager, Singapore at AXA XL
15th July 2021
The insurance division of AXA's property & casualty and specialty risk division, AXA XL, has appointed Sylvie Gleises as Country Manager, Singapore, effective September 1st, 2021. Currently, Gleises serves as Global Head of Revenue Synergies and Head of Client Management for APAC & Europe at AXA XL. In her new role, which ... Read the full article
Liberty Mutual Re makes three senior appointments
15th July 2021
Liberty Mutual Reinsurance, the reinsurance unit of Liberty Specialty Markets, has announced the promotions of Matthew Pappas to Senior Underwriter and Max Mallen to Head of Portfolio Management for London and RoW. At the same time, the company announced that Michael Reynolds will join its US Casualty Underwriting team as Underwriting ... Read the full article
AIG offloads 9.9% share in its Life & Retirement operation to Blackstone
15th July 2021
American International Group, Inc. (AIG) has reached an agreement with Blackstone over the sale of a 9.9% stake in its Life & Retirement business, and will also sell certain affordable housing assets to Blackstone Real Estate Income Trust (BREIT). Blackstone will acquire an almost 10% stake in AIG's Life & Retirement ... Read the full article
Vantage’s excess and surplus (E&S) lines carrier gets rating
15th July 2021
AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of 'a-' (Excellent) to Vantage Risk Specialty Insurance Company (Vantage Risk) (Chicago, IL), along with a rating outlook of stable. Vantage Risk is a newly added member to Vantage Group Holdings and writes excess ... Read the full article
Aon / Willis Towers Watson still debating dates, key pre-trial points with US DoJ
14th July 2021
The debate over the scheduling of key dates in the legal process continues in the build up to Aon and Willis Towers Watson's (WTW) antitrust trial with the US Department of Justice (DoJ). Late in June, after what we assume was a protracted period of negotiation, the US department of Justice ... Read the full article
Mosaic begins underwriting US transactional liability coverage
14th July 2021
Mosaic Insurance has begun underwriting transactional liability coverage in the US amid the current upsurge in mergers and acquisitions activity. Launched with a maximum initial capacity of $25 million per risk, Mosaic’s product line includes Representations and Warranties Insurance, a staple for private equity and strategic buyers and sellers in M&A ... Read the full article
Moskowitz & Bell take senior reinsurance roles at Everest Re
14th July 2021
Bermuda-based re/insurer Everest Re Group has announced the appointments of Ari Moskowitz and Peter Bell to critical leadership roles within its Reinsurance Division. Moskowitz has been named Senior Vice President, Chief Operations Officer and Peter has been named Senior Vice President, Chief Executive Officer and Managing Director of Bermuda, subject to ... Read the full article
AXIS Re announces three key leadership promotions
14th July 2021
AXIS Re, the reinsurance business segment of AXIS Capital, today announced the promotion of three key staff members, including Simon Stirnemann to Head of EMEA LatAm Casualty. Stirnemann has been with AXIS more than 15 years, working in the Singapore and Zurich offices, and has held liability and casualty underwriting roles ... Read the full article
Swiss Re predicts strong 5.8% global GDP growth in 2021
14th July 2021
Swiss Re is expecting a strong global economic recovery from COVID-19 to result in historically high global gross domestic product (GDP) growth of 5.8% in 2021. Global insurance premiums are set to follow this strong growth, increasing by an expected 3.3% in 2021 to a total of $6.9 trillion. The report ... Read the full article
Kingstone inks new reinsurance program
14th July 2021
Northeast regional property and casualty insurance holding company Kingstone has announced the finalisation of its reinsurance program for the period between July 1, 2021 through June 30, 2022. "I am delighted to let you know that Kingstone has finalized its 2021- 2022 catastrophe reinsurance placement,” said Barry Goldstein, Kingstone Chief Executive ... Read the full article
RMS names Jason Futers as Managing Director
14th July 2021
Catastrophe risk modelling firm RMS has appointed Jason Futers as Managing Director, and will lead RMS’s UK insurance business. Futers has experience in creating and managing successful multi-disciplinary teams, previously holding roles within client success, technology, sales, and product management for companies in the UK, Europe, US, and Asia. From 2017, he ... Read the full article
YuLife raises $70mn in Series B funding round
14th July 2021
Life insurer YuLife has raised $70 million (£50 million) in a Series B funding round led by Target Global. The round was also supported by new investors Eurazeo and Latitude as well as existing investors Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd. The insurer will use the capital to develop new ... Read the full article
Fidelis raises capital as Travelers makes strategic minority investment
14th July 2021
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced that The Travelers Companies, Inc. has made a strategic minority investment in Fidelis. Terms of the transaction, which sees Fidelis raise additional capital with a strategic investor, were not disclosed. Fidelis operates a Three Pillar strategy across bespoke, reinsurance and ... Read the full article
IGI sets up Malta-based European subsidiary
14th July 2021
International General Insurance Holdings Ltd. (IGI) has set up a European subsidiary in Malta, following regulatory approval from the Malta Financial Services Authority (MFSA). The subsidiary, called IGI Europe, is authorised by the MFSA to write a full suite of IGI products and will exercise passport rights across the European Union ... Read the full article
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