Reinsurance News
Argo Group announces two senior promotions
9th July 2021
Specialty re/insurer Argo Group International Holdings has appointed Mary Henderson as president of Argo Pro and Rich Fachet as Senior Vice President, head of financial institutions. With over 25 years of experience in the insurance industry, Henderson joined Argo from Travelers Companies, where she spent 14 years serving in several roles, ... Read the full article
Jencap acquires Lloyd’s coverholder Worldwide Special Risks
9th July 2021
Wholesale program management and binding authority business Jencap has acquired Lloyd’s coverholder underwriting agency Worldwide Hole ‘N One (WHNO). Through its primary brand, Worldwide Special Risks (WWSR), the company services the live events market with a range of covers including cancellation, non-appearance, and event property and liability. Additional lines, set to include ... Read the full article
Sompo Intl. expands P&C unit with launch of Sompo GRS Asia-Pacific
9th July 2021
Bermuda domiciled insurer and reinsurer, Sompo International Holdings Ltd., has announced the establishment of Sompo Global Risk Solutions (GRS) Asia-Pacific within its Commercial Property & Casualty (P&C) segment. The expansion sees the formation of a new team in Singapore to serve select industries in the Asian markets via appointed brokerages. The launch ... Read the full article
Hiscox hires Riaz Thanduparakkal as Line Underwriter, Energy
9th July 2021
Global insurer Hiscox has appointed Riaz Thanduparakkal as Line Underwriter, Energy to lead its underwriting team in developing their product offering for the energy sector. Thanduparakkal, who will be based in Hiscox’s London office, joins after working for Chubb Group for over 10 years. At Chubb he recently held roles including Product ... Read the full article
Consilium announces new DUA service for coverholders
9th July 2021
Consilium, an international re/insurance broker and part of the Aventum Group, has announced the launch of a new global delegated underwriting authority (DUA) service for coverholders, which aims to disrupt the current market for binder placements. The service, called Exponential, is available to both insurance and reinsurance coverholders and will provide ... Read the full article
Amynta Group promotes Shawn Ellis to EVP and CEO of warranty business
9th July 2021
Amynta Group has appointed Shawn Ellis as Executive Vice President and Chief Executive Officer of Amynta Warranty. In Ellis’ new position, he will be responsible for leading its warranty business operating as Warranty Solutions, Warrantech and Guardsman. Ellis currently serves as the President of Amynta's subsidiary, PDP Group, providing specialty insurance and ... Read the full article
Paris climate targets not possible without giant carbon removal industry: Swiss Re
8th July 2021
Reaching the Paris climate targets won’t be possible without a carbon removal industry the size of oil & gas, according to a new report from Swiss Re. The reinsurance giant has said that reducing CO2 emissions should be a priority, followed by removing any other unavoidable emissions from the atmosphere and ... Read the full article
PrimeOne adds Swiss Re’s Hinman as CUO
8th July 2021
Privately held specialty commercial lines carrier PrimeOne has appointed Darrin Hinman to serve as its Chief Underwriting Officer from August 1. Hinman joins from Swiss Re, where he served as Vice President of Actuary and Senior Treaty Underwriter since July 2011. He also spent time as pricing actuary on the global casualty ... Read the full article
W. R. Berkley names new president of Berkley Fire & Marine
8th July 2021
W. R. Berkley Corporation has appointed David Higley as president of Berkley Fire & Marine. Higley joins Berkley Fire & Marine with over 30 years of commercial property and casualty insurance experience, including more than 10 years in executive leadership roles in the marine market. He most recently served as senior vice ... Read the full article
Spring Partners hires Emma Stanford as Lead Underwriter
8th July 2021
Spring Partners, a joint venture from broker Aston Lark, has appointed Emma Stanford as Lead Underwriter. Stanford brings a wealth of experience in the Financial Lines Industry, most recently as Head of UK Financial Institutions at AXA XL. Spring has also confirmed that its capacity support for Financial Institutions with Beazley has ... Read the full article
Aon partners with insurtech Walbing on trade credit marketplace
8th July 2021
Re/insurance broker Aon has partnered with Hamburg-based fintech Walbing on the establishment of a service tailored for syndicated trade credit insurance. Those wanting to secure coverage will receive an offer directly via the new marketplace, with the respective contract concluded through Aon’s One Underwriting Agency. “In the midst of the corona pandemic, ... Read the full article
In raising $500m RenRe notes it could be used to replenish after catastrophes
8th July 2021
Bermuda domiciled reinsurer RenaissanceRe Holdings Ltd. (RenRe) has announced plans to raise $500 million via a share offering, the proceeds of which it says could be used to replenish its capital base after a catastrophe event. RenRe has agreed to sell 20 million depositary shares in an underwritten public offering, each ... Read the full article
SiriusPoint launches specialty MGA Banyan Risk with Usher-Jones
8th July 2021
SiriusPoint, the international specialty re/insurer recently formed via the merger of Sirius Group and Third Point Re, has announced the launch of a new managing general agent (MGA) that will underwrite Directors & Officers (D&O) business, called Banyan Risk. Banyan has been established by Founder and CEO Tim Usher-Jones in partnership ... Read the full article
LMA promotes Patrick Davison to Underwriting Director
8th July 2021
The Lloyd’s Market Association has promoted Patrick Davison to the role of Underwriting Director as part of a long-planned succession with Jane Hayes, who will step into an executive director role. Davison has served as Deputy Underwriting Director for the past 18 months, leading the market’s response on both COVID-19 and ... Read the full article
AXIS Re hires Lopiccolo to drive global broker engagement
8th July 2021
AXIS Re the reinsurance business segment of AXIS Capital Holdings has appointed Matt LoPiccolo as Strategic Account Executive, Global Brokers for its client engagement initiative, AXIS Re Strategic Partners. LoPiccolo joins AXIS Re after serving as Head of US Digital Distribution within the company’s insurance segment. He will continue to be based ... Read the full article
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