Reinsurance News
WTW hires Tim Rourke as UK Head of P&C Pricing, Product, Claims and Underwriting
14th December 2021
Willis Towers Watson has appointed Tim Rourke as the new UK Head of P&C Pricing, Product, Claims and Underwriting in the company’s Insurance Consulting and Technology business. He succeeds Graham Wright in this role, who is taking on a new challenge outside of the company. Rourke most recently served as Head of ... Read the full article
Tysers adds Lee Jenkins to Bloodstock team
14th December 2021
Lloyd’s broker Tysers has announced the addition of Lee Jenkins as a Director within its Bloodstock team. In this role, Jenkins will focus on developing new market opportunities and identifying areas for business growth. This appointment is the latest in a string of senior hires across Tysers in broking, claims and operations ... Read the full article
Parthenon Capital to acquire majority stake in KBRA
13th December 2021
Kroll Bond Rating Agency (KBRA) has entered a deal with private equity firm Parthenon Capital Partners who will acquire a majority stake in the company. KBRA currently holds over 400 employees across its five offices in the U.S. and Europe. The company has issued over 51,000 ratings with nearly $3 trillion in ... Read the full article
Argenta pegs industry hit from US tornados as high as $7bn
13th December 2021
Lloyd's managing agent Argenta says the freak tornado outbreak which devastated multiple US states over the weekend could drive industry losses as high as $7 billion. Mayfield, Kentucky Analysts believe the most suitable comparison to a past event is a derecho that hit Iowa in 2020. A derecho is essentially an ... Read the full article
RLI corp announces two senior promotions
13th December 2021
US property and casualty insurer RLI Corp. has announced the promotion of Brian Schick to the new role of Vice President, Surety and Thomas Ward to the role of Assistant Vice President, Risk Services. In Schick’s new role, he will have executive leadership and oversight responsibility for RLI’s Contract, Miscellaneous and ... Read the full article
Carbon Underwriting names Kirsty Coates as Claims Manager
13th December 2021
Independent managing general underwriter (MGU) and Lloyd’s syndicate, Carbon Underwriting, has appointed Kirsty Coates as Claims Manager. In her new role, Coates will be responsible for managing Carbon’s portfolio of claims, providing specialist knowledge and insights to ensure that the best outcomes are achieved consistently and efficiently for policyholders at all ... Read the full article
Alliant names Doug Bixby as SVP
13th December 2021
Alliant Insurance Services, the specialty insurance brokerage firm, has announced that Doug Bixby has joined the company as Senior Vice President. In this role, Bixby will focus on providing management professional lines including product liability and clinical trials liability within the Healthcare, Life Sciences and FinTech sectors. Bixby started his career at ... Read the full article
Natural infrastructure projects reduce wildfire losses: Marsh McLennon
13th December 2021
Marsh McLennan, in partnership with The Nature Conservancy in California has released new research that demonstrates the financial benefits that accompany nature-based approaches to wildfire risk reduction. The report uses the 2018 Camp Fire in California as a case study, and shows that community-encircling wildfire buffers of land managed for fire ... Read the full article
Coalition launches cyber-focused Captive
13th December 2021
Commercial lines insurtech Coalition is set to launch a new captive targeting risk on its cyber programs. It's hoped this Captive will enhance Coalition's ability to manage capacity and its long-term growth objectives, whilst also aligning incentives with its customers. The firm's technology-driven approach is eyeing a new, more successful model of ... Read the full article
Lloyd’s names General Representative for Luxembourg
13th December 2021
Lloyd’s Insurance Company S.A. (LIC), the European subsidiary of the insurance and reinsurance marketplace, has appointed Martial de Calbiac as its General Representative for Luxembourg. de Calbiac has more than four decades of experience, and currently holds the position of Retraité - Gérant at Luxembourg-based firm Fremarlux Sàrl. He also served as ... Read the full article
Munich Re treating climate as systemic risk: analysts
13th December 2021
Analysts at Peel Hunt have noted that Munich Re now appears to be treating climate change as a systemic risk for the re/insurance industry, amid an ongoing rise on the probability of extreme weather events. Last week, Munich Re presented its ESG credentials to financial markets, which included interesting insights in ... Read the full article
W/R/B Underwriting hires Jaymin Patel as Senior Construction Underwriter
13th December 2021
W/R/B Underwriting, a W. R. Berkley-syndicate, has appointed Jaymin Patel as Senior Construction Underwriter. Patel brings a strong background in both Underwriting and Broking, and will further bolster the capabilities of the team. He joins from Alesco Risk Management Services where he was partner for just over two years. In that position, he ... Read the full article
Kin Insurance reports $11.3mn in Total Managed Premium in November
13th December 2021
Kin Insurance has announced select preliminary operating results through November 30, 2021, reporting its total Managed Premium increased to $90.7 million year-to-date through November 30, 2021, over four times the $21.2 million of Total Managed Premium for the same prior year period. The insurer also reported $11.0 million of Total Managed ... Read the full article
Dale hires Marcus Turner as class underwriter, property insurance
13th December 2021
Dale Underwriting Partners (DUP) has appointed Marcus Turner as class underwriter, property insurance. Turner will assume his position early next month and will report to Ian Bridge, deputy active underwriter at DUP. He will be responsible for building out DUP’s property open market business, an area of expected growth for DUP in ... Read the full article
US tornado outbreak likely a multi-billion dollar event
13th December 2021
A devastating severe weather event consisting of intense tornado activity across US states Arkansas, Missouri, Tennesse, and Kentucky is expected to generate industry losses into the low single-digit billions of dollars. Andrew Siffert, a Senior Meteorologist at insurance and reinsurance broker BMS Group, adds that December severe weather event typically fall ... Read the full article
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