Reinsurance News
Praedicat moves to simplify underwriting of emerging liability risk
28th September 2021
Praedicat, the liability emerging risk analytics company, has launched a new Company Risk Score designed to markedly simplify the underwriting of complex emerging risks for liability insurance. The Company Risk Score is available in Praedicat’s emerging risk software product CoMeta and applies machine learning and artificial intelligence ... Read the full article
AXA XL names Andrew MacFarlane as Head of Climate
28th September 2021
AXA XL has appointed Andrew MacFarlane as Head of Climate, where he will be responsible for developing a single, global climate strategy for AXA XL. In his new role, he will ensure the division’s climate-related efforts are aligned towards furthering AXA’s climate leadership position. MacFarlane started his career at Equitas in London ... Read the full article
Pool Re’s Enoizi named IIL President, Deputy
28th September 2021
Pool Re Chief Executive Officer Julian Enoizi has been appointed President and Deputy for the Insurance Institute of London for 2021-2022. Enoizi is expected to draw on his speaking abilities at conferences worldwide by advocating the importance of public/private partnerships and international collaboration to tackle difficult to insure perils facing the ... Read the full article
Allianz exploring asset transfer amid Structured Alpha probe: reports
28th September 2021
Allianz is reportedly in discussions with Resolution Life regarding a potential transfer of a block of Swiss life insurance assets, in a move that could free up regulatory capital for the ongoing investigation into its asset management arm. Sources at Bloomberg say Allianz and Resolution have been working with advisors on ... Read the full article
Amwins names Mark Bernackias CUO
28th September 2021
Amwins, the specialist insurance and reinsurance broker, has appointed Mark Bernacki to the newly created position of chief underwriting officer (CUO). As CUO, Bernacki will be responsible for overseeing the underwriting performance of the company's $3+ billion delegated authority business, which will include continued investments in actuarial capabilities, claims, portfolio management, ... Read the full article
African Risk Capacity to join UN’s Net-Zero Asset Owner Alliance
28th September 2021
It's been announced that the African Risk Capacity (ARC) Limited is the first African company to join the UN-convened Net-Zero Asset Owner Alliance. The Net -Zero Asset Owner Alliance was established in 2019 by eight of the world’s leading insurers and reinsurers and is designed to transition insurance portfolios to net-zero ... Read the full article
Aon estimates global reinsurer capital at $660bn
27th September 2021
Analysts at Aon have estimated that global reinsurer capital totalled $660 billion at 30 June 2021, following growth in both traditional and alternative capital. The figure, which represents a $10 billion increase versus the end of 2020, was calculated based on a broad measure of the capital available for insurers to ... Read the full article
Lincoln Financial in flow reinsurance deal with Talcott Resolution
27th September 2021
Lincoln Financial Group has entered into an agreement with Talcott Resolution Life Insurance Company to reinsure up to $1.5 billion in sales of Lincoln’s variable annuity living benefit rider. The transaction covers business issued from April 1, 2021, through June 30, 2022, and will see Lincoln Financial retain account administration and ... Read the full article
UNDP launches new Insurance and Risk Finance Facility
27th September 2021
The United Nations Development Programme (UNDP) has announced an initiative aimed at strengthening the protection of vulnerable communities from socio-economic, climate and health-related disasters. The Insurance and Risk Finance Facility (IRFF), established in the Finance Sector Hub, is said to significantly increase the role of insurance and risk-financing in development. The German ... Read the full article
Acrisure acquires Tempo Title
27th September 2021
Acrisure has acquired Tempo Title, a private Title Insurance and settlement service provider in the United States, which will mark Acrisure entrance into the real estate services business. Through this acquisition, Acrisure will establish Acrisure Real Estate Services, a new division to provide homeowners, lenders and investors a broad suite of ... Read the full article
H.W Kaufman expands into South America through Prospect acquisition
27th September 2021
H.W. Kaufman Group has expanded into South America through the acquisition of Prospect Brokers Chile based in Santiago, Chile. The acquisition resulted in rebranding Prospect Brokers Chile as Chesterfield LatAm (Latin America) and relocating to a larger office location to accommodate growth. Chesterfield, a Lloyd’s insurance and reinsurance broker in London, is ... Read the full article
SiriusPoint recruits Head of Americas P&C Insurance from Zurich
27th September 2021
Specialty re/insurer SiriusPoint has announced the appointment of Patrick Charles as Head of Americas Property and Casualty (P&C) Insurance. Charles joins from Zurich Insurance Group, where he held North American leadership roles in underwriting and strategy spanning the past decade. Prior to Zurich, he spent time at McKinsey & Company, Alliance Bernstein ... Read the full article
Markel announces buy-out transaction to accelerate return of CATCo capital
27th September 2021
Markel Corporation and Markel CATCo Investment Management Ltd. (MCIM) have announced a new buy-out transaction designed to provide an accelerated return of substantially all the net asset value (NAV) in both the Markel CATCo Reinsurance Fund and CATCo ... Read the full article
Apollo hires head of terrorism and political violence
27th September 2021
Independent specialist re/insurer Apollo Syndicate Management has appointed Andrew Page to lead and develop its terrorism and political violence team. He reports to Chris King, head of crisis management. Page brings over 15 years' experience and joins from Beazley, where he spent a decade underwriting terrorism and political violence in both London and Singapore. He ... Read the full article
Africa Re “optimistic” after improved H1 performance
27th September 2021
Africa Re CEO Corneille Karekezi has said he is “cautiously optimistic” about the company’s prospects for 2021, following an H1 period that yielded improved underwriting and investment performance, as well as higher profits. Africa Re recorded a gross premium income of US $421 million in the first six months of 2021 ... Read the full article
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