Reinsurance News
Markel partners with security insurance MGU Brownyard MacLean
8th December 2021
Specialist insurer Markel has announced a new strategic collaboration with Brownyard MacLean Security Insurance Services (BMSIS), a US-based managing general underwriter (MGU) and program administrator focused on the private security insurance market. The newly created BMSIS provides insurance products and services to the private security industry with a focus on underwriting ... Read the full article
Amwins Global Risks hands Nate Mathis permanent CEO role
8th December 2021
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has appointed Nate Mathis as its new Chief Executive Officer (CEO). Mathis was appointed as interim CEO in September after three years as Chief Operating Officer (COO). In his new role, he will oversee its London business that represents ... Read the full article
Global Atlantic promotes Manu Sareen to Co-President
8th December 2021
Global Atlantic Financial Group, a U.S.-focused annuity and life insurer, has announced the appointment of Manu Sareen as Co-President alongside Rob Arena, effective immediately. In his new role, Sareen will partner with Arena in supporting Chairman and Chief Executive Officer (CEO), Allan Levine, in operating the firm and executing its growth ... Read the full article
Guy Carpenter hires Isaac Sanday from WTW as Head of UK&I Life
8th December 2021
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has named Isaac Sanday, previously of Willis Towers Watson (WTW), as Head of UK & Ireland Life, effective January 2022. In his new role, Sanday takes on responsibility for leading production and client delivery for the UK & Ireland, with a focus ... Read the full article
Aon hires Doug Melton as Global Analytics and Actuarial Leader, Health Solutions
8th December 2021
Re/insurance broker Aon has appointed Doug Melton as its new Global Analytics and Actuarial Leader, Health Solutions. In this newly created role, he is responsible for the development and execution of Health Solutions' analytics strategy to deliver additional value to clients through data, research and analytics. Prior to joining Aon, Melton was ... Read the full article
Amwins Specialty Auto enters MGA agreement in Florida with Buckle
7th December 2021
Amwins Specialty Auto, the non-standard auto insurance arm of Amwins Group, Inc., has entered into a managing general agency (MGA) agreement with Buckle, the inclusive tech-enabled financial services entity. The arrangement sees Amwins underwrite non-standard auto insurance for Buckle in Florida, as well as Buckle's gig auto insurance for rideshare and ... Read the full article
INARI recruits Chief Commercial Officer from AkinovA
7th December 2021
INARI, a core technology provider for the global insurance and reinsurance industries, has announced the appointment of Alexander Pike as Chief Commercial Officer to support its international growth strategy. Based in London, Pike will be INARI’s first UK employee, and will be tasked with the role of building out the company’s ... Read the full article
BRP Group seeking $250mn in loans
7th December 2021
Independent insurance distribution firm, BRP Group, Inc., has announced that its subsidiary, Baldwin Risk Partners, is seeking to enter into an incremental term loan facility amendment to its existing credit agreement. The move will see BRP borrow $250 million of new term B loans under its credit agreement. This would increase the ... Read the full article
Advanced analytics still a priority for re/insurers despite challenges: WTW
7th December 2021
A new study by broker Willis Towers Watson (WTW) has found that expanding and improving the use of advanced analytics in several aspects of operations remains high on North American property & casualty (P&C) insurers’ strategies. As part of a new survey, re/insurers across the board — but most noticeably in ... Read the full article
PCS explores the complex development of Hurricane Ida: Interview
7th December 2021
The impact of Hurricane Ida in the third-quarter has already been significant for the insurance and reinsurance industry, but complexities in the reconstruction and recovery means there's uncertainty surrounding the ultimate hit to the industry as the loss continues to develop. With this in mind, the latest live ... Read the full article
Aston Lark acquires Choice Benefits’ client book
7th December 2021
Broker Aston Lark has acquired the client book of Private Medical Insurance specialist, Choice Benefits. The firm provides cover for both individuals and businesses and is described as having achieved recognition from clients via leading service and strong expertise in health insurance and employee benefits. “We’re delighted to welcome the clients of ... Read the full article
Mercury Insurance adopts CAPE Analytics AI underwriting tools
7th December 2021
Multi-line insurer Mercury Insurance has decided to adopt the suite of property intelligence solutions from CAPE Analytics into its underwriting workflows. CAPE’s property attributes and risk scores will be leveraged by Mercury to instantly assess risk on a property-by-property basis across the states it operates in, including California. By integrating this new ... Read the full article
Fidelis, Arch back WTW’s low-carbon accreditation framework CTP
7th December 2021
Global re/insurance broker Willis Towers Watson has announced further industry backing of its climate-centred accreditation framework, in the form of an endorsement by Fidelis and Arch Insurance Climate Transition Pathways (CTP) has been designed to enable an organisation transition to a low-carbon economy via accreditation. WTW note that the framework is consistent ... Read the full article
Allianz $35bn reinsurance deal is net positive: AM Best
7th December 2021
Analysts at AM Best have confirmed that they have a net positive view on the recent deal entered into by Allianz to reinsure a $35 billion fixed index annuity portfolio. Allianz announced the deal with Resolution Life and affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, last week. Following ... Read the full article
ProSight hires Markel’s Hunter Morgan as SVP of Excess Casualty
7th December 2021
Specialty insurer ProSight Global, Inc. has appointed Hunter Morgan as Senior Vice President (SVP) of Excess Casualty, reporting to the company's President, Tim Ryan. Morgan brings more than 18 years of insurance underwriting experience to his new role. He joins ProSight from Markel Corporation, where he most recently served as Senior Director ... Read the full article
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