Reinsurance News
Gallagher to acquire specialist UK broker Bollington
13th January 2021
Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker. Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division and its CEO will remain with ... Read the full article
AXA XL names Brett Musser as US Marine Product Leader
13th January 2021
The US marine team at AXA XL, the property & casualty and specialty risk division of AXA, has added Brett Musser as the Central US Zonal Marine Product Leader. He will be based in Chicago and will serve as Marine Liabilities Product Manager, focusing on developing bespoke solutions for specialised marine ... Read the full article
Costero Brokers hires Freddie Tyler as Vice President
13th January 2021
Privately held London-based brokerage, Costero Brokers, has announced the appointment of Freddie Tyler as Vice President, effective January 4, 2021. Tyler's responsibilities will include growing the crisis management offerings including facultative, binder, treaty, and TRIA-wrap products. He has an extensive background in insurance, working in the industry for seven years. Most recently he ... Read the full article
Arch enters Consumer Product and Home Warranty market
13th January 2021
Arch Insurance, part of Arch Capital Group, has entered into the Consumer Product and Home Warranty markets, offering solutions for products such as consumer electronics, appliances, mobile, furniture, HVAC and home warranty. With this offering, Arch will focus on its “underwriting only” partnership approach for original equipment manufacturers (OEM), third party ... Read the full article
McGill and Partners joins LIIBA
13th January 2021
The London and International Insurance Brokers’ Association (LIIBA) has announced that McGill and Partners has joined the association. Start-up specialist insurance and reinsurance broker, McGill and Partners, was launched in 2019 by insurance broking veteran, Steve McGill. Commenting on the broker's decision to join LIIBA, the associations Chief Executive, Chris Croft, ... Read the full article
Hamilton adds Trevor Ormes & Florence Mognetti to Lloyd’s operations
13th January 2021
It's been announced that both Trevor Ormes and Florence Mognetti have joined Hamilton Managing Agency, the Lloyd's of London operations of Bermuda-based insurer and reinsurer, Hamilton Insurance Group. Ormes joins as Deputy Active Underwriter of Syndicate 4000 and Head of Professional Lines, while Mognetti has been appointed as Head of Political ... Read the full article
Core Specialty appoints Stephen Moore to lead D&O unit
12th January 2021
Specialty insurance carrier Core Specialty has added Stephen Moore as president, directors & officers management professional liability. Moore most recently served as vice president at Hallmark Financial Services and holds over 20 two decade's experience across D&O liability, fiduciary liability, surety, employment practices liability and private equity lines. Prior to Hallmark, Moore ... Read the full article
Transamerica makes two senior hires
12th January 2021
High net worth life insurer Transamerica Life (Bermuda) has appointed Jeremy Young as its global Head of Sales & Distribution. The insurer also announced that Benjamin Chua, Head of Finance for its Singapore Branch Office, will assume the additional role of Chief Executive for Transamerica in Singapore after receiving regulatory approval ... Read the full article
Ascot names Arch’s Kramer CEO of US Insurance
12th January 2021
Bermuda-domiciled specialty re/insurer Ascot has announced the appointment of Matthew Kramer as Chief Executive Officer of US Insurance. Kramer will be based in the company’s New York City office and lead all facets of Ascot’s US insurance operations. He will have direct responsibility for underwriting performance, new product development, and oversight of the ... Read the full article
Munich Re US President & CEO to retire in 2021; successor named
12th January 2021
M. Steven Levy, the President and Chief Executive Officer (CEO) of Munich Reinsurance America, Inc., a subsidiary of global reinsurer Munich Re, is to retire in April of next year and be replaced by Marcus Winter. Effective April 1st, 2021, Levy will step down from the company after 23 years of ... Read the full article
Lemonade looks to raise $466mn
12th January 2021
Insurtech start-up Lemonade intends to offer 3,000,000 shares of its common stock for sale in an underwritten public offering, resulting in net proceeds of approximately $466.1 million. The net proceeds from the offering is based an assumed public offering price of $160.74 per share, after deducting underwriting discounts and commissions and ... Read the full article
Royal Chartered Insurance to be acquired by IORC
12th January 2021
Royal Chartered Insurance has announced that it will be acquired by IORC Export & Credit Insurance Corporation. The insurer offers a range of products and services involving various classes of insurance, which have been designed and developed in collaboration with leading international insurance, reinsurance companies, and recognised banks. Royal Chartered Insurance works ... Read the full article
Generali’s Urlini re-elected as Chair of Insurance Europe’s GI Committee
12th January 2021
European insurance and reinsurance federation, Insurance Europe, has re-elected Franco Urlini, Group P&C, Claims and Reinsurance Director at Generali, as Chairman of its General Insurance Committee. Having held the position since 2013, Urlini's re-election sees him take on the role for an additional three-years. Insurance Europe seeks to raise awareness to issues ... Read the full article
UPC Insurance renews all other perils, cat excess of loss cover
12th January 2021
Property and casualty insurance holding company UPC Insurance has successfully renewed its all other perils catastrophe excess of loss agreement (AOP CAT agreement) and its personal property excess per risk agreement (Personal Lines XPR agreement). These agreements provide coverage for in-force, new and renewal business. Effective January 1, UPC Insurance, via its ... Read the full article
Alliant acquires employee benefit platform Vertus
12th January 2021
Alliant has acquired employee benefit platform Vertus in a bid to improve benefit schemes for its employees. The strategic acquisition adds a diverse profile of services and global benefits capabilities to the company’s current employee benefits group. Vertus provides a range of services which includes medical and RX, dental, life, disability, absence ... Read the full article
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