Reinsurance News
QBE North America hires Watkins from AGCS to lead Aviation practice
17th November 2021
David Watkins has joined QBE North America as Senior Vice President (SVP), Head of Aviation, taking on responsibility for strengthening the firm's position as a leading aviation insurer in the region. The Aviation division is a key part of QBE's broader Specialty business group. The addition of Watkins reflects the company's ongoing ... Read the full article
AmericanAg announces new EVP & CEO with Janet Katz set to retire
17th November 2021
Domestic U.S. reinsurance company, American Agricultural Insurance Company (AmericanAg™), has announced that Andrew Boris will succeed Janet Katz as the firm's Executive Vice President (EVP) and Chief Executive Officer (CEO). After more than three decades with the reinsurer, Katz is set to retire from AmericanAg™ on April 1st, 2022. She joined the ... Read the full article
Stonybrook completes Cypress and Genesis Legacy Solutions LPT
17th November 2021
Stonybrook Capital & Risk Management has completed the Loss Portfolio Transfer between Cypress Property & Casualty Insurance Company (Cypress), and Genesis Legacy Solutions (GLS), part of Maiden Holdings. This agreement reinsures Cypress’ artisan general liability portfolio written in Florida and Texas from 2008 through 2020. Cypress Group Holdings is the holding company ... Read the full article
Aon partners with ICEYE to manage climate risks in Japan
17th November 2021
Aon plc has collaborated with satellite and persistent monitoring expert ICEYE to provide insurers with flood hazard data following severe flooding events in Japan, helping them to reduce volatility and better understand the post-event impact on their portfolios. According to the Japan Meteorological Agency (JMA), Japan experiences an average of three ... Read the full article
Westfield Specialty to acquire Argo’s Property, Shared and Layered Business
17th November 2021
Westfield Specialty, a subsidiary of Westfield Insurance, has agreed to acquire the renewal rights of Argo Group’s US Property, Shared and Layered property business. Westfield Specialty will acquire renewal rights on all business at the start of next year. As a part of the transaction, Argo Group will continue to honour and ... Read the full article
Clyde & Co launches new platform for casualty claims
17th November 2021
Global law firm Clyde & Co has launched a new platform which provides insurance claims teams with a suite of products to help speed up the handling of their casualty insurance claims. The platform initially comprises of six specific products which includes an AI costs assessor, a loss of earnings & ... Read the full article
New reinsurance capacity expected to set a record: Aon
17th November 2021
According to a new report from re/insurance broker Aon, total capacity is expected to set a record as reinsurers reported strong earnings for the first half of 2021. This is despite challenges from increased volatility, particularly related to ongoing COVID-related litigation, property catastrophe frequency, and inflationary pressures. The broker reported that $25.1 ... Read the full article
Aston Lark acquires UK law enforcement insurer
17th November 2021
Aston Lark, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Philip Williams & Company as the latest addition to the group. Philip Williams & Company was established in 1975 in Stockton Heath, Warrington and provides Group Insurance Schemes to the Police Federations and ... Read the full article
WTW predicts further stability for NA commercial Insurance in 2022
17th November 2021
Broking giant Willis Towers Watson has predicted further stability for North American commercial insurance moving into 2022, thanks to strong capital returns and growing rate adequacy confidence. The broking giant welcomed this in its report, considering it evidence of a segment breaking free from the steep and relentless cycles which had ... Read the full article
Generali appoints Wendy Law to lead casualty underwriting in Asia
17th November 2021
Generali Global Corporate & Commercial (GC&C) has announced the appointment of Wendy Law as Head of Casualty Underwriting Asia, a Hong Kong-based role that will see her lead the firm's casualty business in the region. Law joins from Starr Insurance Companies, where she served as the head of liability. During her time ... Read the full article
Swiss Re questions carbon reduction outcomes of COP26 pledges
16th November 2021
In a new report, Swiss Re has raised concerns about the adequacy of the commitments that have come out of the recent COP26 climate talks in Glasgow, suggesting that the pledges “do not unambiguously put the world on a sustainable carbon-reduction trajectory.” The COP26 summit prompted new net-zero targets and agreements ... Read the full article
HSBC Life & Insurance Partnerships names Greg Hingston global CEO
16th November 2021
HSBC Life and Insurance Partnerships has named Greg Hingston as its global CEO, a role he begins on January 1. Hingston succeeds Bryce Johns, who is set to depart the company in the new year. He has served within the HSBC Group for 15 years and was previously Head of WPB Hong ... Read the full article
Concirrus recruits Chief Analytics Officer from Aon
16th November 2021
Insurtech Concirrus has announced the appointment of former Aon director Brian MacInnes as its new Chief Analytics Officer. MacInnes has spent the last 12 years at Aon, most recently focused on building out Portfolio Solutions and analytics capabilities within the broker’s London Market wholesale insurance business. At Concirrus, he will own the ... Read the full article
SCOR Investment Partners makes senior changes
16th November 2021
SCOR Investment Partners SE (SCOR IP), the SCOR Group’s asset management company, has announced a series of changes within its leadership team to support the growth of its third-party asset management activity. Firstly, Fabrice Rossary, previously Chief Investment Officer of SCOR IP, has been appointed Chief Executive Officer of SCOR IP. He ... Read the full article
Willis Towers Watson to acquire Israeli broker Leaderim
16th November 2021
Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has experience in multinational risk ... Read the full article
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