Reinsurance News
Charles Taylors sets up new P&C team in Malaysia
10th November 2020
Technology solutions provider Charles Taylor has expanded its Adjusting business in Malaysia with the creation of a new property and casualty (P&C) team, based in Kuala Lumpur. The team will be led by Bala Subramaniam, who has more than 24 years of experience in the adjusting industry and experience managing a ... Read the full article
Lloyds Bank & Previsico partner on flood resilience
10th November 2020
Live flood forecasting insurtech firm Previsico has announced that it will join the Launch Innovation Lab, powered by Lloyds Banking Group, to develop solutions for flood resilience. Together, Previsico and Lloyds will work to develop a solution for Lloyds home insurance customers, against a backdrop of increasingly severe and frequent flood ... Read the full article
COVID losses “by no means over,” warn experts
9th November 2020
Executive panellists at the S&P Global Reinsurance Conference have warned that re/insurance industry losses due to COVID-19 are “by no means over.” Charles Mathias, Group Executive Director and Group Chief Risk Officer at Fidelis Insurance Holdings, suggested that many companies may have reserved on the basis that the pandemic would be ... Read the full article
Hamilton announces three leadership promotions at its Lloyd’s operations
9th November 2020
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, Ltd., has today announced three promotions within the leadership team at its Lloyd's of London operations, subject to regulatory approval. The promotions include the appointment of Adrian Daws, currently Active Underwriter of Lloyd's Syndicate 4000, as Chief Executive Officer (CEO) of Hamilton Managing Agency ... Read the full article
CoreLogic updates on sales process, slams “misinformation campaign”
9th November 2020
Property information and analytics provider CoreLogic has provided an update on its acquisition talks after renewed pressure from investors to engage in an auction process as soon as possible. CoreLogic confirmed that it was conducting a strategic review of its options after receiving multiple takeover proposals valuing the firm in ... Read the full article
Re/insurance broker Miller to be acquired by Cinven and GIC
9th November 2020
Specialist insurance and reinsurance broker, Miller, is set to be acquired from its partners and corporate member, Willis Towers Watson (WTW), by global private equity firm, Cinven and GIC, Singapore's sovereign wealth fund. Miller, which employs over 640 people through its offices across the world's major insurance hubs, is a specialist ... Read the full article
Apollo expands into contingency & legal indemnity markets with two hires
9th November 2020
Specialist re/insurer and Lloyd's syndicate, Apollo Syndicate Management, has announced the appointments of Amanda Lewis as Head of Specialty Disruption Insurance and Sophie Dunkerley as Specialty Disruption Insurance Underwriter at Syndicate 1969. The pair will lead the re/insurer's expansion into contingency, agri-contingency and legal indemnity markets. Lewis joins Apollo from White Oak ... Read the full article
Climate change is increasing wildfire risk in California: RenRe
9th November 2020
Reinsurer RenRe recently hosted a Q3 2020 earnings call in which President and CEO Kevin O'Donnell spoke about climate change and the Californian wildfires. In 2020, the Californian wildfires consumed more than 4 million acres, which is more than double that was recorded in 2017 or 2018. This has resulted in over ... Read the full article
Canadian life insurance claims increased in April and May: CIA
9th November 2020
The Canadian Institute of Actuaries (CIA) has released a report taken from 13 insurance companies in Canada from January to June 2020 shows that individual life insurance claims increased in April and May. The increase took place at the height of the first wave of COVID-19, compared to the same period ... Read the full article
K2 gains additional capacity support from Chaucer
9th November 2020
Specialty insurance and reinsurance underwriting platform, K2 International (K2), has announced that it has secured additional capacity support from Chaucer, a specialty re/insurance group. The agreement took place on November 1st and will allow K2 Financial to provide significant capacity to its specialist investment management client base across the world. Richard Coello, ... Read the full article
Lloyd’s syndicate Ki, Howden announce key capacity partnership
9th November 2020
Ki and Howden are entering a long-term partnership that will see Ki contribute substantial capacity over the next three years, a move designed to secure valuable follow capacity for Howden’s clients and business partners. Alongside the agreement, a collaboration between Ki, Howden and Hyperion X will look to develop of a ... Read the full article
Aon’s Reinsurance Solutions adds property broker to UK&I Specialty Casualty team
9th November 2020
Global insurance and reinsurance brokerage firm, Aon, has appointed Sam Sylvester as a Senior Property Broker in the UK & Ireland and Specialty Casualty team, Reinsurance Solutions. Sylvester brings nearly two decades of experience in property reinsurance to the company, both in broking and underwriting. Most recently, he served as Head of ... Read the full article
Fidelis raises $125mn from fresh debt issuance
9th November 2020
Specialty insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has announced that it plans to raise an additional $125 million of capital via a new debt issuance. The company announced two separate issuances of 6.625% fixed-rate reset junior subordinated notes due April 1, 2041. One of these issuances is worth $105 million ... Read the full article
AXIS Insurance adds lead underwriters to US Cyber & Tech unit
9th November 2020
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, has announced the addition of three lead underwriters to its US Cyber and Technology team. Ashley Sales, Southeast Regional Underwriting Manager, will be based in Alpharetta, Georgia, while Jonah Papesh, West Coast Regional Underwriting Manager, will be based in ... Read the full article
Everest Re sees “flight back to traditional model,” says John Doucette
9th November 2020
John Doucette, President and CEO of the Reinsurance division at Everest Re, has said that the company is seeing a flight to quality and a “flight back to the traditional model” ahead of the 2021 renewals. Speaking alongside the release of Everest Re’s Q3 results, Doucette commented on how the ... Read the full article
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