Reinsurance News
Aon & Willis Towers Watson call for ‘earliest possible trial date’
6th July 2021
Global insurance and reinsurance brokers Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the "earliest possible trial date" for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust ... Read the full article
Insurtech firm bolttech secures $180mn in first funding round
6th July 2021
Insurance technology firm bolttech has secured $180 million in an oversubscribed series A funding round, led by Activant Capital Group. Also participating in the insurtech’s first funding round were Tony Fadell – Principal at Future Shape, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital and Tarsadia Investments Bolttech claims the ... Read the full article
Fairfax subsidiary Digit Insurance hits $3.5bn valuation
6th July 2021
Go Digit General Insurance, an Indian-based subsidiary and part of the Fairfax group, is set to raise approximately $200 million in new equity shares, valuing the company at approximately $3.5 billion. Agreements have been entered with firm’s such as Faering Capital, Sequoia Capital India, IIFL Alternate Asset Managers and certain other ... Read the full article
iprism promotes Aaron Woodhams to Head of Underwriting
6th July 2021
Specialist commercial, property and high net worth MGA iprism has promoted Aaron Woodhams to the newly created role of Head of Underwriting. Woodhams joined in December 2019 from Arch’s Lloyd’s Syndicate 2012, and was previously Underwriting Manager at the MGA. In his new role, he will have overall responsibility for the management, ... Read the full article
Vecta Risk Partners completes management buyout from Castel
6th July 2021
Vecta Risk Partners has completed a management buyout from its parent firm Castel, one led by partners Richard Gorely, Andy Juggins and Vyv Townend. Vecta was launched on the Castel platform in 2017 and writes specialist group and individual accident & health (A&H), travel and lifestyle insurance business across the UK ... Read the full article
QBE hires John Trotter as Asia Head, Digital Partnership Distribution
6th July 2021
The Asian division of global insurer QBE has appointed John Trotter as Asia Head, Digital Partnership Distribution. Trotter brings extensive experience in end-to-end partnership development, infrastructure creation, partnership sourcing, strategy development and commercial negotiation. For the past year he has worked as an independent adviser, working with early stage ventures across Asia ... Read the full article
Aston Lark announces key ES Risks acquisition
6th July 2021
Chartered insurance broker Aston Lark has acquired ES Risks, a company offering bespoke and niche wholesale re/insurance facilities to industry clients. Covering all classes of business, ES Risks strives to demonstrate a dedication to delivering profitable growth, a strong brand and top tier service to all parties. “The ES Risks team brings ... Read the full article
AIG underlines sustainability targets in first ESG report
6th July 2021
Global re/insurer American International Group (AIG) has released its first Environmental, Social and Governance (ESG) report which details its progress toward supporting a more sustainable future for its stakeholders. The report outlines how the company is aligning its sustainability efforts with its core business strategy and describes how AIG identifies, measures ... Read the full article
Markel adds Kristin Towse as speciality underwriting officer
6th July 2021
Markel Corporation has announced today that Kristin Towse has joined as Executive Underwriting Officer for its Specialty division. Towse will be responsible for leading the Products and Regulatory Services and Risk Solution Services teams. She will also be responsible for further building out Markel Specialty multiline capabilities, focusing on industry verticals. "Kristin's proven ... Read the full article
Tindall launches new TAI Treaty product
6th July 2021
Tindall Associates Inc. (TAI) has launched its new product, TAI Treaty, a digital solution for treaty management. The product uses machine learning to produce a data warehouse, containing all treaties, amendments, and related documents, and provides search functionality to easily navigate and export information. Through the TAI platform, clients can administer and ... Read the full article
ARPC welcomes Terrorism Insurance Act review
6th July 2021
The Australian Reinsurance Pool Corporation (ARPC) has welcomed the new terms within the 2021 Triennial Review of the Terrorism Insurance Act 2003 (TI Act), which will be conducted by the Treasury. The review will asses whether or not there continues to be market failure in the private sector supply of terrorism ... Read the full article
The goal is to create a single source of truth data environment, says Swiss Re’s Haycock
5th July 2021
As data quality challenges continue to hinder insurers and reinsurers, Swiss Re is looking to overcome some of the inefficiencies and develop a habitat in which valuable data is discoverable, accessible, and trusted. This is according to Swiss Re’s inaugural Chief Data Officer, Ian Haycock, who spoke with Reinsurance News recently ... Read the full article
Constellation acquires Columbian Financial Group
5th July 2021
Constellation Insurance Holdings has announced plans to acquire Columbian Mutual Life Insurance Company in a deal that will involve the conversion of Columbian to a stock company and the issuance of all of its newly issued stock to Constellation pursuant to a sponsored demutualization. Constellation, an insurance holding company, is backed ... Read the full article
AXA XL appoints Marine Ress casualty CUO for Europe
5th July 2021
AXA XL Insurance has appointed Marine Ress as Chief Underwriting Officer, Casualty, APAC & Europe, a Paris based role. Ress’ appointment is effective October 1 and will see her oversee the management of AXA XL’s casualty portfolio. She’ll work closely with local underwriting teams and be responsible for the underwriting strategy for ... Read the full article
Player’s Health hires Naveen Anand as President of Insurance
5th July 2021
Insurtech start-up, Player’s Health has appointed Naveen Anand as its new President of Insurance. Anand brings over 30 years’ experience in the North American property and casualty insurance market, previously holding leadership roles at Chubb, CNA, Torus, and Hallmark Financial Services. He will be in charge of insurance strategy and growth for ... Read the full article
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