Reinsurance News
National Interstate announces two promotions
19th May 2021
National Interstate Insurance Company has appointed Christopher Mikolay to Senior Vice President, Specialty Division and Daniel Keenan to Vice President, National Accounts. Mikolay joined in 2007 as Product Manager, and will assume leadership responsibility for National Interstate’s Specialty Division and Hawaii office. After leading and launching several captive programs within the Alternative ... Read the full article
Citizens Property Insurance announces three new governors
19th May 2021
Florida's Citizens Property Insurance Corporation has appointed Jillian Hasner, Erin Knight and Nelson Telemaco to its board of governors. Hasner is currently the President and Chief Executive Officer of Take Stock in Children. She has been involved with the Florida Chamber of Commerce Foundation, Leadership Florida, United States Global Leadership Coalition ... Read the full article
Moody’s revises US life outlook to stable
18th May 2021
Moody’s has revised its outlook for the US life insurance sector to stable, following what it classifies as a strong US economic rebound in 2021. This rebound is seen as being primarily driven by the improving health of individuals amid mass vaccinations, a factor which itself is key to enabling an ... Read the full article
Asta gains Lloyd’s ‘in principle’ approval for new MPS Syndicate
18th May 2021
Third-party Lloyd’s managing agent Asta has announced that Lloyd’s has provided 'in principle' approval for the transition of the Medical Protection Society’s (MPS) Special Purpose Arrangement (SPA) 1892 to a full syndicate. MPS was established in 1892 and was formed to protect the careers, reputations, and financial security of almost 300,000 ... Read the full article
Hamilton appoints Craig Howie to succeed Ursano as CFO
18th May 2021
Hamilton Insurance Group has appointed Craig Howie to succeed Tony Ursano in the role of Chief Financial Officer. Ursano is due to leave Hamilton and set up an insurance and insurtech advisory business in mid-July. Howie joins from Everest Re having served as executive vice president and CFO. Prior to that he spent ... Read the full article
CNA adds Susan Stone as EVP, General Counsel
18th May 2021
Chicago-based insurer CNA has announced the appointment of Susan Stone as Executive Vice President and General Counsel, effective on June 28. Stone will lead the company's law department and serve as the principal counsel for CNA on all legal matters, including legal consultation across domestic and international business operations, compliance, regulatory ... Read the full article
TigerRisk hires Snyder as Head of Insurtech Origination and Financial Advisory
18th May 2021
Re/insurance broker TigerRisk has appointed Jack Snyder as Head of Insurtech Origination and Head of Financial Advisory. Based in New Jersey, Snyder will be leading the company’s Ratings Agency Advisory team and will also focus on the Insurtech sector. He joins from Guy Carpenter, where for the past 16 years, he was ... Read the full article
Price Forbes Chile appoints Soto Quintus CEO, Pizarro to lead broking
18th May 2021
The Chilean arm of independent insurance broker Price Forbes has appointed Martin Soto Quintus to the role of Chief Executive Officer, while Miguel Pizarro has been added as Chief Broking Officer. Soto Quintus joins from Aon Reinsurance Solutions where he served as Facultative Director before stepping up as CEO, Chile in ... Read the full article
Conduit Re CEO Carvey sees opportunities in ground up quota share
18th May 2021
Bermuda-based reinsurer Conduit Re deliberately skewed its portfolio in favour of ground up quota share verses excess of loss, in an effort to leverage what group Chief Executive Trevor Carvey considers to be more favourable pricing opportunities. Speaking during a recent earnings call, Carvey noted how the recovery underway in the ... Read the full article
Marsh McLennan names two new General Counsels
18th May 2021
Marsh McLennan, a professional services firm in the areas of risk, has appointed Katherine Brennan as General Counsel of Marsh LLC and Connor Kuratek as Deputy General Counsel and Corporate Secretary of Marsh McLennan. Brennan will report to John Doyle, President and CEO, Marsh, and Peter Beshar, Executive Vice President and ... Read the full article
CIAM voices concerns over SCOR’s CEO transition
18th May 2021
Activist investor CIAM has raised several concerns about the succession plan and transition period at SCOR, which announced yesterday that CEO Denis Kessler will hand leadership of the reinsurer over to Laurent Rousseau after June this year. Rousseau is currently Deputy CEO of SCOR Global P&C, Chairman of SCOR Europe ... Read the full article
Acrisure Re launches international fac unit, led by Matthew Harvey
18th May 2021
Acrisure Re, the reinsurance division of global brokerage Acrisure, has announced the launch of an international facultative unit, to be led by Matthew Harvey as Senior Vice President. Harvey, who will be based in London, joined Acrisure Re on May 10th and will report to Acrisure Re Group Chief Executive Officer ... Read the full article
Helios details improved syndicate forecasts
18th May 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2019 and 2020 years of account, based on 1st quarter 2021 estimates. The company, which acquires and consolidates private underwriting capacity at Lloyd’s, recorded a capacity position ... Read the full article
Phoenix in advanced talks to sell European businesses, reports
18th May 2021
Leading life consolidator Phoenix Group is reported to be nearing the sale of its £550 million-rated European businesses to an unconfirmed buyer. Sky News says the deal is currently being finalised and that it could be announced as early as next week. Phoenix, whose market capitalisation stands at roughly £7.35 billion, is ... Read the full article
Liberty Specialty hires Christoph Paeßens as PI Manager for Germany
18th May 2021
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has named Christoph Paeßens, formerly of AXA XL Germany, as Professional Indemnity (PI) Underwriting Manager for Germany, effective immediately. In his new role, Paeßens will be based in Cologne, Germany, reporting to Interim Country Manager Angelika Gasser, and Head of PI for ... Read the full article
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