Reinsurance News
Safety National hires Tim O’Grady as VP, Underwriting
9th June 2021
Safety National, a multi-line specialty re/insurer and member of the Tokio Marine Group, has appointed Tim O’Grady as Vice President, Underwriting for its casualty division. O’Grady brings just under 30 years of industry experience, with a large account underwriting background. He has previously served in various underwriting leadership positions managing regional underwriting ... Read the full article
IVANS Index shows average premium renewal rates up in May
9th June 2021
IVANS, a division of Applied Systems, has announced the May results of its insurance premium renewal rate index, revealing an increase in average premium renewal rate, except Workers’ Compensation, which remained negative. Released monthly, IVANS Index is a data-driven report of current conditions and trends for premium rate renewal change of ... Read the full article
Lockton Re hires Ollie Jones as Broker, Marine & Energy
9th June 2021
Lockton Re, the reinsurance arm of global brokerage Lockton, has appointed Ollie Jones as a Broker, and will be based in the London office as part of the Marine & Energy Division. Jones will join from Guy Carpenter where he was most recently Vice President in the Global Marine & Energy ... Read the full article
RMS’ new NA hurricane models certified by Florida Commission
9th June 2021
Catastrophe risk modeling firm RMS has announced the approval of its North Atlantic Hurricane Models by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification applies to Version 21.0 hurricane models available on RiskLink 21.0 and the Risk Modeler application on its open cloud platform RMS Risk Intelligence. Enhancements to ... Read the full article
Quentin McMillan joins AIG as Head of Investor Relations
9th June 2021
American International Group, Inc. has announced the appointment of Quentin McMillan, who will join the company as Vice President, Managing Director and Head of Investor Relations, effective June 7, 2021. McMillan joins AIG from Marsh McLennan where he served as Senior Director, Investor Relations. Prior to Marsh McLennan, he worked for Keefe, ... Read the full article
Michelle Middleton named President of Berkley Mid-Atlantic Group
9th June 2021
W. R. Berkley Corporation has announced the appointment of Michelle D. Middleton as President of Berkley Mid-Atlantic Group (BMAG), its commercial property and casualty insurance business that covers the Mid-Atlantic region of the US. Effective immediately, she succeeds John F. Kearns, who has been named Chairman of the operating unit and ... Read the full article
Chubb names Mark Hammond as Deputy CFO
9th June 2021
Global re/insurer Chubb has appointed Mark Hammond to the additional role of Deputy Chief Financial Officer, a newly created position. Hammond brings over 30 years of experience in insurance and public accounting and has served as Treasurer of Chubb Group since 2019. Previously, he was Executive Vice President and Chief Financial Officer ... Read the full article
Pro Global appoints Williams to oversee management of abuse and care claims
9th June 2021
Re/insurance solutions provider Pro Global Holdings has appointed Ceri-Siân Williams to oversee the investigation and management of abuse and care claims. Williams’ appointment is a non-practising role, and further reinforces Pro’s commitment to invest in the expertise required to provide the market with innovative solutions and proactively address emerging trends both ... Read the full article
Hurricane-exposed cat bond issuance robust in 2021, says Fitch
9th June 2021
The demand for hurricane-exposed catastrophe bonds has continued at a steady pace for the first half of this year, say analysts at Fitch Ratings. According to the Artemis Deal Directory, so far this year sixteen catastrophe bonds have been issued or are expected to be issued under SEC rule 144A, ... Read the full article
RGA inks annuity reinsurance transaction with Modern Woodmen
9th June 2021
Leading global life, annuity, and health reinsurer RGA has announced the completion of an annuity reinsurance transaction with Modern Woodmen of America (Modern Woodmen). Modern Woodmen is a member-owned fraternal financial services organisation. Under the agreement, an RGA subsidiary will reinsure a seasoned block of US annuity business. Modern Woodmen will continue ... Read the full article
Hiscox UK hires Cheralyn Perry as Head of APC Distribution
9th June 2021
International specialist insurer Hiscox has appointed Cheralyn Perry as Head of Art and Private Client (APC) Distribution within its UK branch. Perry brings over 30 years of industry experience to Hiscox and joins from RSA where her most recent position was Partnerships Director. Prior to this, she held positions as Sales Director, ... Read the full article
TigerRisk names Jonathon D’Arcy as CFO
8th June 2021
Global insurance and reinsurance brokerage, TigerRisk Partners LLC, has announced that Jonathon D’Arcy will succeed Milan Radonich as the company's new Chief Financial Officer (CFO). D’Arcy joins TigerRisk from private equity startup in cyber risk analytics and insurance, ARCEO.AI, where he served as CFO. Earlier in his career, he spent 23 years ... Read the full article
UN chief says decisive climate action needed from re/insurers: IDF
8th June 2021
UN Secretary-General António Guterres has asserted that the re/insurance industry has a “key role to play” in promoting the transformations needed to protect the world from climate change. Speaking at an Insurance Development Forum (IDF) event today, Guterres said re/insurers must take “decisive action now” to help mitigate the impacts of ... Read the full article
KCC US Hurricane Model Version 3.0 certified in Florida
8th June 2021
Catastrophe risk modeller Karen Clark & Company (KCC) has announced that its US Hurricane Reference Model Version 3.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification follows on from the approval of the KCC US Flood Model certification last December. The FCHLPM was established in ... Read the full article
Tokio Marine HCC appoints Paddon to lead London Market
8th June 2021
Tokio Marine HCC, a member of Tokio Marine Group, has appointed Neil Paddon to lead its London Market and European operations. Paddon is the Head of Contingency and has been with Tokio Marine for over 10 years. He will assume the responsibility for the London Market and Europe, including product distribution for ... Read the full article
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