Reinsurance News
Premia to acquire Navigators Holdings (Europe) from The Hartford
5th October 2020
Bermuda domiciled reinsurance run-off group, Premia Holdings Ltd., has reached an agreement to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford, subject to regulatory approvals. The associated companies included in the acquisition are Assurances Continentales - Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxembourg, ... Read the full article
Crawford & Company acquires Chilean loss adjustor Crawford Carvallo
5th October 2020
Crawford & Company, a provider of claims management solutions, has announced the acquisition of Crawford Carvallo and its individual business units. Business units include Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs. Crawford Carvallo provides loss adjusting, claims management solutions and legal services in Chile ... Read the full article
Beazley launches global broker portal for digital health sector
5th October 2020
Specialist insurer Beazley has announced the global launch of an online portal that provides insight and support to brokers and their clients in the digital health sector. Beazley’s Virtual Care portal aims to help its broking partners mitigate key areas of risk affecting tech-led healthcare and wellness services. The risk solution integrates ... Read the full article
Hyperion’s DUAL adds underwriter Paul Collinson to private client team
5th October 2020
DUAL, the underwriting arm of Hyperion Insurance Group, has added Paul Collinson as Senior Portfolio Underwriter within its Aurum private client team. Collinson brings 13 years of insurance experience in underwriting roles across the industry. His most recent role was at Chubb as Senior Development underwriter. “I am delighted that Paul will be joining ... Read the full article
Liberty Mutual to provide cover for Lyft
5th October 2020
Global insurer, Liberty Mutual Insurance has announced that it has been selected by rideshare provider, Lyft, to provide cover for its drivers using its rideshare platforms, effective today. Under the program, Liberty Mutual provides specific coverages for drivers in Arizona, Michigan, New Mexico, Texas and Utah, and will cover from the ... Read the full article
The Rt Hon. David Johnston rejoins Fairfax as a Director
5th October 2020
Canadian property and casualty insurer and reinsurer, Fairfax Financial Holdings Limited, has announced that The Right Honourable David Johnston has rejoined the firm as a Director. Previously, Johnston served as a Director of Fairfax but was required to step down from that role following his appointment as the 28th Governor General ... Read the full article
P&C insurers seeing better growth as premium rates rise: Fitch Ratings
5th October 2020
According to a new report by Fitch Ratings, property & casualty insurers that specialise in the E&S market are seeing better growth and profit opportunities as premium rates rise in many segments. However, it is likely that market performance in 2020 will remain subpar due largely to absorption of losses from ... Read the full article
Oneglobal adds Duncan Urquhart as Exec Director
5th October 2020
Insurance broker Oneglobal has announced the appointment of Duncan Urquhart as Executive Director. Urquhart will join the group executive committee and reports to Oneglobal Chief Executive Officer Mike Reynolds. He brings over 30 years’ experience and joins from RFIB Group Limited, where he served as head of Property, Casualty, Energy and Construction. Before that, ... Read the full article
Marsh forms digital asset partnership with HUB Security
5th October 2020
Re/insurance broker Marsh has partnered with HUB Security, a hardware cybersecurity solutions provider, to offer an insured storage solution that enables US financial institutions to offer digital asset custodial services. Clients will be able to store and manage digital assets, including cryptocurrency, on HUB's military-grade technological platform. They can also purchase up ... Read the full article
Optio appoints Matthew Fosh as Executive Chairman
5th October 2020
Insurance group, Optio Group has announced the appointment of Matthew Fosh as Executive Chairman, subject to regulatory approval. Fosh will be returning to insurance in an executive capacity after stepping down from his executive role at Axis in December 2019. His appointment signals the ambition of Optio’s senior management team and follows ... Read the full article
Industry will never get back to a pre-COVID ‘normal’: IGI’s Waleed Jabsheh
5th October 2020
From an operational point of view, the re/insurance industry is unlikely to ever return to the ‘normal’ it was accustomed to before the COVID-19 pandemic. This is according to Waleed Jabsheh, President of IGI, who discussed the challenges of the coronavirus crisis in a recent interview with Reinsurance News. “This experience has ... Read the full article
CLARA analytics adds Andrew Pinkes, Dave Hollander to board
5th October 2020
CLARA analytics, a provider of artificial intelligence technology in the commercial insurance industry, has appointed Andrew Pinkes and Dave Hollander to its board of directors. The company says the additions are in response to accelerated demand for its products over the past year. Pinkes brings over 29 years of experience in the ... Read the full article
Negative outlook for UK life insurance: Moody’s
5th October 2020
Moody's Investors Service has placed a negative outlook on the UK life insurance sector amid concerns that a further decline in gilt yields could increase pressure on solvency levels. A new report by Moody's also noted how the shrinking UK economy is impacting sales of discretionary life insurance product, resulting in ... Read the full article
McLarens acquires New Zealand claims services firm CNZ Group
5th October 2020
Global insurance services provider McLarens has announced the acquisition of CNZ Group Holdings Limited and its subsidiaries, a loss adjusting, claims and repair management business based in New Zealand. Headquartered in Auckland, CNZ Group was previously an employee-owned and operated affiliate of Crawford & Company. CNZ Group has 26 offices across New ... Read the full article
Africa Re joins DIFC in Middle East expansion
5th October 2020
Africa Reinsurance Group has selected the Dubai International Financial Centre (DIFC) for its first office outside Africa. DIFC is a financial centre in the Middle East, Africa and South Asia (MEASA) region and says Africa Re will operate as Africa Re Underwriting Agency Limited. Africa Re's focus is on the underwriting of proportional and ... Read the full article
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