Reinsurance News
Markel adopts Quest Marine platform from Concirrus
7th October 2020
Specialist insurer, Markel International has adopted the Quest Marine Hull platform from insurtech firm Concirrus, which uses behavioural insight to assess and monitor marine risk as an underwriting tool. Markel says the platform will complement its strategy to examine digital data, ensuring underwriters have a real-time view of the global market. With ... Read the full article
Rideshare insurtech Buckle makes two senior appointments
7th October 2020
Rideshare insurance company Buckle has announced two new additions to its senior leadership team. Andrew Rear has been appointed Chairman of Buckle’s Board. He will continue working as Chief Executive Officer (CEO) of Digital Partners, a Munich Re company. Rear joined Munich Re in 2010, leading the Asia, Africa, and UK life ... Read the full article
HIIG hires Jason Rollins as Director of Underwriting, Property
7th October 2020
Houston International Insurance Group, Ltd. has announced the addition of Jason Rollins to its Commercial Property Group as Director of Underwriting. Most recently, Rollins served as the Head of Energy and Mining at GuideOne National Insurance Company. He has 20 years of experience building property books and was previously the Head Property ... Read the full article
SCOR Reinsurance APAC adds Hitesh Shah to board
7th October 2020
SCOR Reinsurance Asia-Pacific Pte Ltd (SRAP), a division of global re/insurer SCOR, has announced the appointment of Hitesh Shah as an Independent Non-Executive Director, effective August 20th, 2020. Shah joins the company's board alongside existing independent non-executive directors, Eric Raynaud and Andre Chieng, and will be tasked with Chairing the Audit ... Read the full article
Helios looking to raise £20mn for hard market growth
7th October 2020
Lloyd’s of London investment and underwriting vehicle Helios is aiming to raise £20 million through the issue of new ordinary shares, in an effort to take advantage of the hardening market. Helios had initially signalled its interest in pursuing a fundraise back in August. Discussions with potential investors have now taken ... Read the full article
TigerRisk to leverage CoreLogic’s catastrophe models
7th October 2020
Catastrophe risk modeller CoreLogic has announced re/insurance broker TigerRisk Partners as the latest company to incorporate its modelling tools. CoreLogic’s data and analytics capabilities are designed to help provide clients with a more comprehensive view of their portfolios. “As one of the largest reinsurance brokers in the industry, TigerRisk services clients all ... Read the full article
EMC Re names Linda Rivera as AVP, Business Intelligence
7th October 2020
EMC Reinsurance Company (EMC Re), part of EMC Insurance Companies, has announced the appointment of Linda Rivera as Assistant Vice President (AVP) - Business Intelligence, based in New York. Rivera, a seasoned reinsurance professional, brings more than 35 years of experience in underwriting, risk management, and operational efficiency to the role. She ... Read the full article
Reinsurers to play important role in climate change: SCOR
7th October 2020
Due to global risks increasing, SCOR believes that the re/insurance industry has a key role to play in addressing current climate change risk challenges. During September, SCOR took place in a webinar, where Michèle Lacroix and Laurent Rousseau looked at how re/insurers can take a proactive stance on sustainability and climate ... Read the full article
Bold Penguin to acquire insurtech RiskGenius
7th October 2020
Commercial insurance technology provider, Bold Penguin, has announced that it has entered into a definitive agreement to acquire RiskGenius, a pioneer in insurance document intelligence software. The transaction sees RiskGenius's data and analytics products, alongside its team, join Bold Penguin's existing SaaS platform. Following the deal, RiskGenius is set to become part ... Read the full article
Auto insurtech Root registers for IPO
7th October 2020
Auto insurtech Root Insurance Company has filed a registration statement with the US Securities and Exchange Commission for an initial public offering (IPO) of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined, although the IPO documents ... Read the full article
KPMG releases report on cyber security risks
7th October 2020
KPMG has published a report in collaboration with Lloyd's that highlights the new threats to intellectual property (IP) portfolios posed by a changing risk landscape under COVID-19. The report, called “Safeguarding Intellectual Property to Enhance Corporate Value”, examines the increasing importance of intellectual property as a driver of corporate value, drawing ... Read the full article
Nigeria has potential to develop insurance sector: AM Best
7th October 2020
AM Best has released a report showing how Nigeria’s substantial oil and gas reserves, its young and growing population and its position as Africa’s largest economy, gives it potential to significantly develop its insurance sector. In addition, insurance penetration which included a market gross written premium (GWP) as a percentage of ... Read the full article
Aon announces IP capital market solution, first $100mn deal
6th October 2020
Global re/insurance broker Aon has launched an intellectual property capital market solution designed to help companies protect and maximise the value of its intangible assets. Aon has also revealed that a $100 million deal involving agriculture technology firm Indigo Ag is the first deal to be completed via the new solution. Indigo Ag is ... Read the full article
Enstar looks to begin due diligence on Watford Re proposal
6th October 2020
Enstar Group Limited has asked Watford Re to enter into a non-disclosure agreement to let it begin due diligence on a potential acquisition. Last week, Enstar delivered a letter to the Board of Directors of Watford Re, indicating its desire to acquire all of the company’s outstanding shares. Now, in a ... Read the full article
JBA releases Climate Change Analytics data suite
6th October 2020
Flood risk modeller, JBA Risk Management (JBA) has announced the launch of its new Climate Change Analytics data suit. This new solutions has been developed to help banks, lenders, investors, and the wider global financial sector to understand the potential long-term impacts of climate change and to meet regulatory requirements. The launch ... Read the full article
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