Reinsurance News
Chubb hires Lyndsey Christofer as EVP
14th April 2021
Global re/insurer Chubb has appointed Lyndsey Christofer as Executive Vice President, Construction Industry Practice Leader for its large account segment. She will oversee strategic direction whilst leading a broad team of dedicated construction underwriting and service specialists across multiple lines of business to deliver customised and innovative insurance solutions to Chubb's ... Read the full article
Brokerslink bolsters management in Africa, Asia-Pacific and Europe
14th April 2021
Global brokering business Brokerslink has announced the appointments of new regional managers in Africa, Asia-Pacific and Europe. Au Quang Hien takes the role of regional manager for Asia-Pacific. Hien is CEO and founder of AEGIS Insurance Brokers, Brokerslink’s partner in Vietnam. Benjamin Boudeau-Raimbault becomes regional manager for Africa. He is the general ... Read the full article
Falvey Insurance Group hires Mike McKenna as CUO
14th April 2021
Falvey Insurance Group has appointed Mike McKenna as Chief Underwriting Officer, he will oversee all underwriting for Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe Harbor Pollution Insurance. Prior to joining Falvey, McKenna oversaw underwriting at The Hartford Global Specialty for 11 years. His role will allow for a dedicated focus on ... Read the full article
Hard work, underwriting remedies coming through for reinsurers: Vickers, Willis Re
13th April 2021
Efforts undertaken by reinsurance carriers to improve performance are starting to come through on an underlying basis, but while momentum is positive, there’s more work to be done, according to James Vickers, Chair of Willis Re International. Reinsurance News spoke with Vickers around the launch of the reinsurance broker’s full-year 2020 ... Read the full article
Aviva Singlife hires Kim Rosenkilde as Group CIO
13th April 2021
Aviva Singlife Holdings Pte, the holding company established following the merger of Aviva and Singapore Life Pte, has appointed Kim Rosenkilde as Group Chief Investment Officer. Rosenkilde brings over 30 years in financial markets, and last year had acted as an advisor to Singlife on its investment and risk management strategy throughout ... Read the full article
WTW launches new global modelling tool
13th April 2021
Re/insurance broker Willis Towers Watson has launched a global modelling tool, Climate Diagnostic. The model uses advanced data and analytics to demonstrate changes in acute hazards such as wind and flood, as well as chronic stress factors like sea-level rise and heat stress under multiple combinations of climate scenarios and time ... Read the full article
Piiq’s IFLI division inks first insurance backed aviation finance transaction
13th April 2021
Global aerospace re/insurance broker Piiq Risk Partners has announced the first insurance-backed aviation finance transaction to be completed via its Integrated Finance Linked Insurance (IFLI) division. The transaction was completed alongside Credit Agricole CIB (CACIB) and closed on 30 March 2021. IFLI (Integrated Finance Linked Insurance) is designed to originate, structure and ... Read the full article
Mark Wheeler named Co-CEO at Mosaic
13th April 2021
It’s been announced that industry veteran Mark Wheeler will take a Co-Chief Executive Officer role at newly launched specialty insurer Mosaic Insurance, joining fellow Bermuda-based CEO Mitch Blaser. Over his more than 30-year career, Wheeler has served in a variety of leadership roles, overseeing capital planning, underwriting and distribution across global ... Read the full article
Fitch forecasts reinsurance underwriting profits for 2021
13th April 2021
Analysts at Fitch Ratings have forecast an aggregate combined ratio of 99.1% for reinsurer in 2021, meaning the industry is expected to post slight underwriting profitability for the year. This combined ratio reflects 9.0 percentage points of catastrophe losses, 1.5 points for additional coronavirus losses and 1.0 point of reserve releases. Likewise, ... Read the full article
MS Amlin Underwriting hires Geddes as Head of Property and Allied Lines
13th April 2021
Lloyd's of London insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has appointed Sam Geddes as Head of Property and Allied Lines Division. In this position, Geddes will have oversight of MS AUL’s diverse property division which includes its Commercial Property ‘D&F’, Property Binder Units and Auto business. His appointment follows ... Read the full article
US P/C underwriting result improves in 2020: AM Best
13th April 2021
In a recent report, rating agency AM Best has observed an improvement within the US Property/Casualty industry's underwriting results for 2020, compared to the end of 2019. It reported an underwriting income of $5.4bn which is almost double that of 2019 which had a result of $3.2bn, a 67.9% year on ... Read the full article
COVID-19 intensifies social inequality and political unrest: Marsh
13th April 2021
Analysts at insurance broker and risk advisor Marsh predict that pandemic-induced economic stress will continue to worsen global political risk throughout this year, along with amplifying the threats facing already-fragile economies. Marsh Specialty published the Political Risk Map 2021, which shows larger increases than ever before in country economic risk across ... Read the full article
Generali (GC&C) appoints trio to senior underwriting roles
13th April 2021
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has announced the appointment of Reto Arrigoni as Global Head of Casualty Underwriting. At the same time, Enrico Mazza has been named as GC&C Italy Head of Underwriting and Tomasz Kukuła as ACEER (Austria, Central and Eastern Europe, ... Read the full article
Markerstudy Group appoints Benny Higgins as Chairman
13th April 2021
Motor insurer Markerstudy Group has appointed Benny Higgins as Group Chairman, following its acquisition of Brightside Group. Markerstudy received its regulatory approval for the acquisition on 22nd March, with the deal completed on 12th April. Kevin Spencer, Group CEO, said: “We are steering Markerstudy Group on an exhilarating growth trajectory and due ... Read the full article
RenRe among backers of BlackRock’s $1.5bn sustainable ETFs
13th April 2021
BlackRock, a fiduciary to investors and provider of financial technology, has launched two active sustainable exchange-traded fund (ETFs) as the firm looks to leverage the global the transition to a low-carbon economy. The two funds raised more than $1.5 billion, highlighting the increased focus on climate-aware strategies from global institutional investors. Bermudian ... Read the full article
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