Reinsurance News
Lockton launches clinical advisory with HCA
23rd February 2021
Global brokerage Lockton has partnered with HCA Healthcare UK to provide their clients with access to an independent occupational health and clinical advice committee. With the new access, clients will be able to see health experts for a range of advice and guidance within its package. The Clinical Advisory Service offers support ... Read the full article
Build America Mutual gets $150m of reinsurance with second Fidus Re ILS deal
23rd February 2021
Specialist financial guarantee insurer Build America Mutual (BAM) has secured $150 million of fully collateralized reinsurance via a second issuance through its Bermuda special purpose insurer (SPI), Fidus Re. Fidus Re was set up to issue and sell notes to investors, and was previously used by BAM to obtain $100 million ... Read the full article
Hive Underwriting adds Christine Dandridge to Board
23rd February 2021
Hive Underwriting, the holding company of Hive Aero Limited, has appointed Christine Dandridge, ACII to its board as a non-executive director. Dandridge will be joining Hive with immediate effect and brings over 40 years of experience in the insurance industry, beginning her career in 1978. She was one of the founding members ... Read the full article
Hymans Robertson promotes Kieran Mistry
23rd February 2021
Actuarial and advisory consultancy firm, Hymans Robertson, has promoted Kieran Mistry to Head of Non-Traditional Risk Transfer. He will be leading the firm’s advisory service supporting DB pension scheme trustees and sponsors considering new and emerging risk transfer options, including superfunds, capital backed solutions, and alternative insurance products. Since joining Hymans in ... Read the full article
ABI says post-brexit reforms to financial regulations could release £95bn
23rd February 2021
A new report commissioned by the Association of British Insurers published in response to the Government’s consultation on Solvency II shows how changes made to the Matching Adjustment and the Risk Margin mechanisms could free up £95 billion for re-investment. The ABI says these changes to the Solvency II regime would ... Read the full article
Aviva sells French business to Aéma Groupe for €3.2bn
23rd February 2021
After months of speculation, London-headquartered insurer Aviva has announced an agreement to sell its French business to mutual insurer Aéma Groupe, for €3.2 billion in cash. In the second-half of last year, reports started to emerge claiming that Aviva was considering the sale of its life and P&C operations in France ... Read the full article
Legacy deal activity to remain at record levels: PwC
23rd February 2021
New data from PwC shows that participants in the legacy re/insurance market expect deal activity to remain “at record highs” this year, with the US and Lloyd’s markets set to be particularly busy. Respondents to PwC’s Global Insurance Run-off Survey reported that predicted growth in the legacy market materialized over 2020, ... Read the full article
Conduit Re off to a strong start after successful IPO, say execs
23rd February 2021
Conduit Re, the newly-launched property and casualty reinsurer, has reported a strong start to business in attractive and improving market conditions at the January 1st, 2021 reinsurance renewals. After completing its successful IPO, which raised net proceeds of $1.057 billion (£790mn) and led to a Financial Strength Rating of ... Read the full article
Aston Lark acquires two health insurance specialists
23rd February 2021
Insurance broker Aston Lark has bolstered its employee benefits and individual health insurance expertise with the acquisition of both Right to Health Ltd and The Health Insurance Specialists. Right to Health is an independent individual health insurance specialists, founded by Gary Marney and Stephen Carroll in 2001. Similarly, The Health Insurance Specialists, ... Read the full article
HDI Global expands its management team
23rd February 2021
Business Insurance provider HDI Global has announced the expansion of its management team, with both appointments reporting to Dr Mukadder Erdönmez, a Member of the HDI Global SE Executive Board. Mark Appleton, currently Director Global and Major Risks at HDI Global will join the management of the Liability Line along with ... Read the full article
Cayman Islands forms 36 new insurers in 2020
23rd February 2021
In 2020 the Cayman Islands formed 36 new insurance companies, making it the largest annual increase since 2017. Accompanying the new licenses were 12 new portfolio insurance company approvals and a new insurance manager. Although Q1 and Q2 2020 figures ... Read the full article
Crum & Forster adds two to expanding eRisk team
23rd February 2021
Crum & Forster has expanded its eRisk team with the addition of Cassie Quaranta as an Executive Underwriter in the Northeast Region, and Vlad Borovskyi as an Underwriter in the Southeast Region. Both appointments will focus on underwriting Cyber Insurance, Technology Errors & Omissions and Miscellaneous Professional Liability (MPL) coverages. Quaranta joins ... Read the full article
Further executive roles unveiled at SiriusPoint
22nd February 2021
As the merger between hedge fund-backed reinsurer Third Point Re and multi-line re/insurer Sirius Group nears completion, further executive and senior underwriting roles have been announced at SiriusPoint Ltd. Expected to close on or about the 26th of February, subject to satisfaction of closing conditions, the planned merger received shareholder ... Read the full article
Brown & Brown appoints Gray Nester as Chief Information Officer
22nd February 2021
Insurance brokerage Brown & Brown has appointed Gray Nester as Chief Information Officer, based in the firm's corporate headquarters located in Florida, effective immediately. With over 20 years of experience in Insurance Technology leadership, Nester has previously served as the CIO for Brown & Brown’s Retail Division. Prior to that, he was ... Read the full article
WTW, Liberty Specialty launch reputational crisis insurance solution
22nd February 2021
Re/insurance broker Willis Towers Watson has launched a solution designed to enable organisations to transfer the financial risk associated with certain types of reputational crises. The broker’s Reputational Crisis Insurance also provides access to a range of non-insurance capabilities, including AI-powered data analysis. The solution has been developed through a partnership with ... Read the full article
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