Reinsurance News
RenRe expects to report Q1 net loss on $180mn winter storm Uri loss
15th April 2021
RenaissanceRe Holdings Ltd. (RenRe), the Bermuda-based reinsurance company, expects to report a net loss for the first-quarter of 2021, with losses related to Winter storm Uri forecast to have a net negative impact of $180 million on its results of operation for the period. The Uri losses are net, so after ... Read the full article
AXIS pegs Q1 catastrophe and weather losses at up to $115mn
15th April 2021
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, estimates net losses from catastrophes and other weather-related events in the range of $105 million to $115 million, pre-tax, for the first-quarter of 2021. Between $80 million and $90 million of the pre-tax net loss estimate relates to Winter Storms Uri and Viola, ... Read the full article
Pro Global bolsters German market leadership team
15th April 2021
Global re/insurance outsourcing and consulting specialist Pro Global has announced the appointment of Roman Claren as Managing Director and Stilianos Kalaitzidis as its new Head of Technical Claims for German businesses/entities. Claren joins from a subsidiary of Provinzial Rheinland Versicherung AG, where he served as managing director. He brings over 15 years’ ... Read the full article
BLM launches property damage task force
15th April 2021
Insurance risk and commercial law firm BLM has launched a new property damage task force to help identify emerging issues in the property claims sector and to help drive change. The new body includes representatives from the Association of British Insurers (ABI), Aon, Arch Insurance International, Hiscox, Pen Underwriting, QBE, Zurich, ... Read the full article
Jupiter hires Elizabeth Barnes as Science Advisor
15th April 2021
Jupiter, a provider of predictive data and analytics for climate risk and resilience, has appointed Dr. Elizabeth Barnes as an advisor to help its science team further refine their physics-informed machine learning and explainable AI for atmospheric science ... Read the full article
2021 to mark “generational transformation” for re/insurance: Conduit Re’s Carvey
14th April 2021
Trevor Carvey, Chief Executive Officer (CEO) and Chief Underwriting Officer (CUO) of newly launched P&C reinsurer Conduit Re, has said that he expects 2021 to mark a “generational transformation” in the way the re/insurance industry operates. “Conduit Re will be at the forefront of that change,” Carvey said as part of ... Read the full article
Hallmark plans IPO of specialty commercial business segment
14th April 2021
Specialty property and casualty (P&C) insurer, Hallmark Financial Services, has announced plans to pursue an initial public offering (IPO) of a non-controlling ownership stake within its specialty commercial business segment, under the name Hallmark Specialty Group, Inc. The number of shares of Hallmark Specialty Group to be offered and the price ... Read the full article
Chubb makes two senior leadership appointments
14th April 2021
Global re/insurer Chubb has announced two leadership appointments within its North America Accident and Health (A&H) business. Suresh Krishnan, Chubb's current Chief Operating Officer, North America Accident and Health, has been named Executive Vice President, Head of North America Specialty Accident and Health. In this expanded role, he will look to grow ... Read the full article
Liberty Specialty names Jane Warren as Active Underwriter
14th April 2021
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jane Warren as Active Underwriter, effective immediately. Based in London, Warren reports to Phil Hobbs, Deputy Managing Director and Chief Underwriting Officer (CUO) for LSM. She brings over 20 years’ experience in the insurance industry, joining Liberty in 2019 from ... Read the full article
Ascot Bermuda joins Ed’s TradEd
14th April 2021
Reinsurance broker Ed has announced that Ascot Bermuda has joined its etrading platform TradEd. The portal was launched in April last year and enables its carriers to view submissions and associated risk details, as well as make queries, see material information updates in real time and edit deal documents online. Chris Bonard, ... Read the full article
Hippo adds Munich Re’s Laura Hoensch to Spinnaker leadership
14th April 2021
California-headquartered, homeowners focused-insurtech Hippo has recruited Laura Hoensch as the new General Counsel for Spinnaker Insurance Company, which was acquired by Hippo last year. Hoensch most recently served as General Counsel, Chief Compliance Officer and Head of Government and Regulatory Affairs for Digital Partners, a Munich Re company. At the same time, ... Read the full article
BMS launches new analytics platform
14th April 2021
Re/insurance broker BMS has launched Pathlight Analytics, an analytics platform which works across both insurance and reinsurance. The platform has been designed to assist clients with examining, analysing and interpreting data as it pertains to their specific capital and risk transfer goals and objectives. Pathlight Analytics is part of a strategic build-out ... Read the full article
P&C industry remains stable despite challenges from COVID-19: Fitch
14th April 2021
Analysts at Fitch Ratings have released a report which shows that the P&C industry remains stable, despite the considerable economic challenges from the ongoing coronavirus pandemic. Last year the US P&C industry faced many operating challenges from COVID-19, which resulted in vast changes in the workplace and economic environment as well ... Read the full article
Praedicat launches Lloyd’s-focused liability analysis platform
14th April 2021
Emerging risk analytics company Praedicat has announced the launch of its new Risk Scenario Analysis Platform. Praedicat says the platform is designed to widen the cross-line clash scope of its scenario suite, as well as make it easier for syndicates at Lloyd’s to produce compliant reports on the six recently-created liability ... Read the full article
Charles Taylor acquires Syndicate Claim Services
14th April 2021
Charles Taylor, a provider of insurance services, claims solutions and technology platforms to the global insurance market, has acquired Syndicate Claim Services, Inc., an independent adjusting and claims services business, based in Indianapolis, Indiana. Founded in 2006, Syndicate provides tailored claims services and appraisal, umpire, dispute resolution, and litigation support services ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
