Reinsurance News
Moody’s improves Japan life outlook to stable
8th June 2021
Moody’s has revised its industry outlook for Japan’s life insurance sector from negative to stable, based on improving capitalization, resilient underwriting profit and a recovering operating environment. The rating agency believes that these factors will enable insurers to maintain their credit strengths over the next 12-18 months, despite lingering threats from ... Read the full article
2021 a “pivotal year” for re/insurers’ climate efforts: Swiss Re’s Ojeisekhoba
7th June 2021
Moses Ojeisekhoba, Chief Executive Officer (CEO) for Reinsurance at Swiss Re, has warned that following the outbreak of the COVID-19 pandemic, 2021 could be a “pivotal year” for the re/insurance industry to help push for more societal resilience to climate change. As countries look to a sustainable pandemic recovery, and with ... Read the full article
Hippo announces new senior hires
7th June 2021
Hippo, a California-based insurtech focused on US home insurance, has made several new executive appointments to its insurance team. Each appointment brings years of experience from property and casualty (P&C) insurers to support the growth and expansion of Hippo’s protective home insurance products. The newly appointed team will be responsible for overseeing ... Read the full article
Aspen hires Arch’s Andrew Rippert as EVP, Head of Mortgage
7th June 2021
Bermuda domiciled insurer and reinsurer, Aspen Insurance Holdings has appointed Andrew Rippert to the newly created role of Executive Vice President, Head of Mortgage. Rippert brings over 20 years’ experience in shaping and building global mortgage re/insurance businesses and portfolios. He previously worked at Arch Capital, which saw him build and lead ... Read the full article
ERS appoints Stavros Martis to Chief Actuary role
7th June 2021
Specialist insurer ERS has announced the appointment of Stavros Martis to the role of Chief Actuary. Martis will help support ERS’ expansion into new lines of business including D&F Property, Marine and Energy Liability, Political Risk, Terror and War, Cargo and Specie. He joins with 25 years of experience within the Lloyd’s ... Read the full article
HDI, Griffin Highline & Craig Landi form cyber MGA Falcon
7th June 2021
HDI Global Specialty SE, Griffin Highline and industry veteran Craig Landi have formed a new managing general agency focused on the underwriting and claims management of financial and cyber lines of insurance players across the US. Falcon Risk, led by Landi as Chief Executive Officer, will provide a full suite of ... Read the full article
Florida’s property insurers hit performance and surplus lows: AM Best
7th June 2021
AM Best has reported that a group of property insurers in Florida have hit a five-year performance and surplus low in 2020, and given persisting and significant market hurdles, the rating agency believes companies will find sustaining current surplus levels a challenge. Read the full article
Kevin Abramson named President at insurtech Cover Whale
7th June 2021
Commercial auto insurtech firm Cover Whale Insurance Solutions, Inc. has announced the appointment of Kevin Abramson as President. Abramson brings two decades of re/insurance industry experience, having led the casualty segment at TigerRisk Partners and held leadership positions at Willis Re North America. As a member of Cover Whale's leadership team, Abramson ... Read the full article
Zurich names new Head of Strategy, Innovation & Business Development, NA
7th June 2021
Global insurer Zurich has appointed Neeren Chauhan as Head of Strategy, Innovation & Business Development for Zurich North America. Chauhan joins Zurich after serving as Vice President, Distribution Transformation and Market Share Growth for Allstate Insurance Company. He brings over twenty years of global leadership experience across Asia, Europe, and North America. Chauhan ... Read the full article
Flood Re announces senior leadership appointments
7th June 2021
Flood Re, the UK’s government-backed reinsurance scheme, has announced the appointments of Andrea Santolalla as Director of Operations, Stuart Logue as Chief Financial Officer (CFO), and Emily White as Head of Catastrophe Modelling. Santolalla will oversee Claims and Underwriting, Operations, Outsourcing, and IT and Data functions. She was previously COO of Hiscox ... Read the full article
Tom Wakefield leaves Aon to become CEO of Gallagher Re
7th June 2021
Tom Wakefield, previously of Aon, has been announced as the new Chief Executive Officer (CEO) of Gallagher Re, the reinsurance arm of the global brokerage, subject to regulatory approval. Wakefield takes over as CEO of the reinsurance broker from Simon Behagg, who will transition to the role of Managing Director of ... Read the full article
Guy Carpenter forecasts above normal tropical cyclone activity
7th June 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has published its annual briefing on the 2021 Western North Pacific Basic Tropical Cyclone season. According to the briefing, the number of tropical cyclones forecast to form between April 1 and September 30 is above normal. Near- to above-normal activity is consistent with ... Read the full article
Swiss Re Corporate Solutions names new Country Head Aus/NZ
7th June 2021
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has appointed Christine Bell as Country Head Australia & New Zealand. Bell will be based in Sydney, with her position taking place in August. She succeeds Melanie Slack who has taken up the position of Head UK, Ireland, SA & ... Read the full article
IFRS 17 to cost global insurance industry as much as $20bn: WTW
7th June 2021
The implementation of IFRS 17, the International Financial Reporting Standard that was issued by the International Accounting Standards Board, is estimated to cost the global insurance industry as much as $20 billion, according to a survey by Willis Towers Watson (WTW). The global insurance and reinsurance broker recently polled 312 carriers ... Read the full article
Canopius launches Vave platform as an MGA
7th June 2021
Specialty re/insurer Canopius Group has announced the launch of its algorithmic underwriting platform, Vave, as an MGA. Developed in-house, Vave began trading in May 2019, and has since quoted on over 1.2 million risks, representing $2.2 billion of premium. Vave MGA is forecast to exceed $100 million premium by the end of ... Read the full article
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