Reinsurance News
White Oak adds Lisa Perry as CUO
2nd September 2020
Specialist re/insurance underwriting agency White Oak has appointed Lisa Perry as Chief Underwriting Officer. Perry holds close to 30 years' experience in the industry and her most recent role was as Senior Underwriter at MS Amlin. This appointment will see her steer White Oak's underwriting strategy and develop existing business plans to generate ... Read the full article
HIIG launches E&S brokerage business unit
2nd September 2020
International specialty insurance group, Houston International Insurance Group has announced that it has launched an E&S Brokerage business unit to provide liability and property solutions to the wholesale brokerage market. Mark Boland will be leading the unit with support from a team of underwriters. Boland previously held roles as President, E&S at ... Read the full article
Brendan Plessis takes distribution role at Sompo International
2nd September 2020
Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Brendan Plessis as Executive Vice President, Distribution, International Insurance. In this newly created role, Plessis will lead the strategic development of broker and client relationships. In particular, he will focus on maximizing profitable growth and ... Read the full article
USAA adds Jeff Wallace as CFO
2nd September 2020
USAA, a provider of insurance, banking and investment and retirement solutions to US military veterans, has named Jeff Wallace as its Chief Financial Officer. Reporting to Chief Executive Officer Wayne Peacock, Wallace joins from Bank of America, where he most recently served as the Chief Financial Officer of the Consumer Banking and ... Read the full article
Average combined ratio of the world’s top reinsurers declined in 2019
2nd September 2020
Analysis of the Top 50 Global Reinsurance Groups reveals that, year-on-year, combined ratios trended higher for some of the largest players in the market in 2019 as underwriting profitability dipped for the cohort. When ranked by unaffiliated gross written premiums (GWP) in 2019, the top ten remains relatively unchanged year-on-year, ... Read the full article
Ageas appoints Hans De Cuyper as CEO; Bart De Smet as Chairman
2nd September 2020
Ageas has announced the appointment of their new Chief Executive Officer (CEO), Hans De Cuyper, succeeding Bart De Smet, who will become the Chairman of the Group. De Smet will be replacing Jozef De Mey who recently announced his decision to step down. The pairs' new positions will become official on ... Read the full article
Prospectus 2021 – a new conference for the traditional & alternative markets
2nd September 2020
We're excited to announce the launch of our first conference brought to you by both Artemis and Reinsurance News, Prospectus 2021 - a new annual reinsurance and insurance-linked securities (ILS) event held from November 12th to the 18th 2020. By bringing together both of our titles, Prospectus 2021 ... Read the full article
American Financial Group names new CFO
2nd September 2020
Insurance and investments holding company, American Financial Group has announced the promotion of Brian S. Hertzman to the role of Senior Vice President and Chief Financial Officer. Hertzman joined AFG in 1991 and has held positions of increasing responsibility within the company’s finance and accounting areas during his nearly 30-year tenure. He ... Read the full article
Senator & Cannae request meeting of CoreLogic shareholders
2nd September 2020
Senator Investment Group LP and Cannae Holdings Inc. have delivered written consents to call a special meeting of shareholders to consider replacing a majority of the board members of property information and analytics provider CoreLogic. The move comes after CoreLogic’s board unanimously rejected an offer from Senator and Cannae to ... Read the full article
Zurich makes key leadership appointments, launches digital unit
2nd September 2020
Zurich Insurance Group has announced a series of key leadership appointments and new Executive Committee members, while also launching a new unit to expand its digital services worldwide. The Global Business Platforms unit will be headed by current APAC CEO Jack Howell as of January 1, 2021. Ericson Chan will spearhead the ... Read the full article
Palomar announces new COO
2nd September 2020
Insurer, Palomar Holdings has announced the promotion of Britt Morries to the role of Chief Operating Officer, effective immediately. Morries will be succeeding Jon Christianson, who has been working under the role of Chief Underwriting Officer since 1st August 2020. He will continue to serve as Chief Technology Officer whilst the ... Read the full article
Genworth & Oceanwide confirm September merger date
2nd September 2020
Mortgage insurer Genworth Financial and China Oceanwide Holdings Group have confirmed that their long-delayed merger agreement is still set to go ahead this month, following approval of Oceanwide’s funding plans. Genworth said that it was satisfied with the funding plans for the $2.7 billion deal, and therefore does not intend to ... Read the full article
Pradip Ghosh named president of Lockton Capital Markets
2nd September 2020
Re/insurance broker Lockton has appointed Pradip Ghosh president of its Lockton Capital Markets unit. Ghosh will work closely with Chief Executive Officer Ken Pierce on direction and oversight as LCM looks to build out its platform. He brings over 20 years' experience in the insurance, financial services, and asset management industries and most recently ... Read the full article
Reinsurer results weakening as COVID claims intensify: Moody’s
2nd September 2020
Analysts at Moody’s consider the earnings of the global reinsurance sector to be weak over the first half of 2020, due to the increase in coronavirus claims. Although investment returns rebounded in the second quarter of the year, COVID-19 claims also increased significantly over this period, Moody’s noted. One bright spot was ... Read the full article
Beat to launch new underwriting vehicle following Bain Capital partnership
2nd September 2020
Beat Capital Partners, an insurance industry-focused long duration investor, is set to enter into a strategic partnership with leading global credit specialist Bain Capital. Due to be completed in late 2020, this long-term strategic partnership will see Bain Capital fund a dedicated underwriting vehicle for Beat. The vehicle will provide capital through Syndicate 4242 ... Read the full article
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