Reinsurance News
DUAL bolsters North American leadership
19th May 2021
International underwriting agency DUAL has announced three executive appointments in North America to strengthen its leadership team and support growth plans in the region. Brad Dame joined earlier this year as Chief Commercial Officer and will be responsible for driving product strategy, development, distribution, and operational execution. Dame previously held joint roles ... Read the full article
Price Forbes adds Nicolas Bardon as Bermuda EVP
19th May 2021
Price Forbes has announced the appointment of Nicolas Bardon as Executive Vice President, Bermuda. Bardon brings many years' experience as a retro broker and industry loss warranty (ILW) specialist. His appointment is seen as a strengthening of Price Forbes’ presence in Bermuda, while his proven track record is expected to broaden its ... Read the full article
Ed bolsters Asian market leadership team
19th May 2021
Global reinsurance, wholesale and specialty broker Ed has announced the appointment of Elia Rahmita Price as director, developing markets of Ed Asia. Rahmita brings over 15 years of industry experience to the role and joins from Howden Specialty Asia, where she held the role of associate director. Prior to this she was ... Read the full article
Taiwan FTC approves Aon – Willis Towers Watson merger
19th May 2021
Taiwan's Fair Trade Commission has given its approval to Aon's acquisition of and merging with rival Willis Towers Watson (WTW), saying that it does not feel it will restrict competition in the marketplace. Taiwan's Fair Trade Commission (FTC) is the entity responsible for competition policy and regulation and like so many ... Read the full article
Lockton bolsters transaction liability capabilities with new hires
19th May 2021
Global re/insurance broker Lockton has announced key hires across its three transaction liability insurance product lines. Eddie Kim, Paul Ahn, Emily Rosen and Nicole McCarthy all join Lockton's Representations and Warranties (R&W) insurance practice. Dan Berger joins Lockton from AIG, where he served as the lead tax insurance underwriter for North America ... Read the full article
Charles Thompson to lead new Berkley Management Protection unit
19th May 2021
W. R. Berkley Corporation has announced the formation of Berkley Management Protection, a new operating unit that will deliver a modular suite of management liability products to independent agents. Charles E. Thompson has been named as President of the unit, bringing 26 years of management experience to the role, both in ... Read the full article
Specialist Risk Group hires William Nabarro as Chairman
19th May 2021
Insurance industry intermediary, Specialist Risk Group (SRG), has announced the appointment of William Nabarro as Chairman, as well as Julia Hayhoe and Vicky Kubitscheck as Non-Executive Directors. The appointments follow a busy start to the year for SRG, which has included a number of acquisitions and the finalisation of its Read the full article
The uptake of insurance remains inconsistent: Lloyd’s CEO, John Neal
19th May 2021
Reinsurance broker Aon has launched a report examining growth prospects and future opportunities for London’s insurance market. Within the report, Lloyd’s Chief Executive Officer John Neal discussed the need to close the protection gap by preparing for future systemic risks. Neal commented: "Insurance is at the heart of global economies, and as ... Read the full article
R&Q completes acquisition of Electric Insurance Ireland DAC
19th May 2021
Randall & Quilter II Holdings Limited, the wholly owned UK subsidiary of Randall & Quilter Investment Holdings Ltd (R&Q), has now completed its acquisition of Electric Insurance Ireland DAC, a wholly owned captive insurer of Electric Insurance Company. The deal has been finalised following the receipt of regulatory approval from the ... Read the full article
Demmings to succeed Colberg as Assurant CEO
19th May 2021
US specialty insurance group Assurant has announced that Keith W. Demmings will succeed Alan B. Colberg as President and Chief Executive Officer (CEO) of the company. He will take up the President role with immediate effective, taking on additionally roles as CEO and Director once Colberg has retired in January 2022. Demmings ... Read the full article
National Interstate announces two promotions
19th May 2021
National Interstate Insurance Company has appointed Christopher Mikolay to Senior Vice President, Specialty Division and Daniel Keenan to Vice President, National Accounts. Mikolay joined in 2007 as Product Manager, and will assume leadership responsibility for National Interstate’s Specialty Division and Hawaii office. After leading and launching several captive programs within the Alternative ... Read the full article
Citizens Property Insurance announces three new governors
19th May 2021
Florida's Citizens Property Insurance Corporation has appointed Jillian Hasner, Erin Knight and Nelson Telemaco to its board of governors. Hasner is currently the President and Chief Executive Officer of Take Stock in Children. She has been involved with the Florida Chamber of Commerce Foundation, Leadership Florida, United States Global Leadership Coalition ... Read the full article
Moody’s revises US life outlook to stable
18th May 2021
Moody’s has revised its outlook for the US life insurance sector to stable, following what it classifies as a strong US economic rebound in 2021. This rebound is seen as being primarily driven by the improving health of individuals amid mass vaccinations, a factor which itself is key to enabling an ... Read the full article
Asta gains Lloyd’s ‘in principle’ approval for new MPS Syndicate
18th May 2021
Third-party Lloyd’s managing agent Asta has announced that Lloyd’s has provided 'in principle' approval for the transition of the Medical Protection Society’s (MPS) Special Purpose Arrangement (SPA) 1892 to a full syndicate. MPS was established in 1892 and was formed to protect the careers, reputations, and financial security of almost 300,000 ... Read the full article
Hamilton appoints Craig Howie to succeed Ursano as CFO
18th May 2021
Hamilton Insurance Group has appointed Craig Howie to succeed Tony Ursano in the role of Chief Financial Officer. Ursano is due to leave Hamilton and set up an insurance and insurtech advisory business in mid-July. Howie joins from Everest Re having served as executive vice president and CFO. Prior to that he spent ... Read the full article
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