Reinsurance News
Lloyd’s confirms priorities for H2 2020
20th July 2020
Insurance and reinsurance marketplace Lloyd’s of London has confirmed that its three main priorities for the second half of 2020 will be placement, delegated authority and claims. These priorities form part of the Future at Lloyd’s strategy and will be underpinned by new data and technology capabilities, Lloyd’s says. Alongside middle and ... Read the full article
Guy Carpenter adds three to restructured Fac division
20th July 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has added three senior appointments within its GC Fac division as part of a wider realignment process. The company hopes to ensure the delivery of client-centric solutions by structuring product teams around geographic regions. Stephen Wilkins has been appointed Head of UK Property, while Paul Hargis ... Read the full article
Piiq Risk Partners approved to launch French operation
20th July 2020
Piiq Risk Partners, a global aerospace insurance and reinsurance brokerage, has received regulatory approval to operate in France, enabling the firm to provide continuity to clients following the UK's vote to leave the European Union (EU). The re/insurance broker's French operation, Piiq Risk Partners SAS, will serve as a base for ... Read the full article
David Turner joins Fidelis as Head of Claims
20th July 2020
Specialty insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has announced the addition of David Turner as Head of Claims, effective immediately. Turner will be based in London and joins Fidelis from Amlin Group where he served for more than three decades, most recently as the Global Claims Director responsible for ... Read the full article
Swiss Re appoints Carlo Bewersdorf as CEO of iptiQ
20th July 2020
Global reinsurance giant Swiss Re has announced the appointment of Carlo Bewersdorf to the newly created role of Chief Executive Officer (CEO) of iptiQ, the reinsurer's digital insurance platform. Bewersdorf is set to take on the new role from October 1st, 2020 and will report to Swiss Re CEO, Christian Mumenthaler. ... Read the full article
Renewable energy firms increasingly looking at non-damage cyber cover: GCube
20th July 2020
GCube Insurance, a provider of insurance services for renewable energy projects, is seeing heightened demand for its non-damage cyber risk insurance product amid a spate of recent cyber-attacks on global renewable energy companies. The company has emphasised that, during the current period of COVID-19-induced lockdowns and beyond, renewable energy asset owners ... Read the full article
Beach adds James Wells to transportation team
20th July 2020
Re/insurance broker Beach & Associates has added James Wells to its wholesale division to help develop its new transportation portfolio. Wells is based in Beach’s London office and reports to John Sutton, Chief Executive Officer of wholesale. Wells was previously a producing broker for Chesterfield Insurance Brokers, where his primary focus was ... Read the full article
Twitter hack exposes business risk to high-profile accounts: CyberCube
20th July 2020
The recent cyber attacks that targeted Twitter accounts of high profile celebrities has highlighted the potential for these kinds of incidents to move company share prices, says cyber analytics provider CyberCube. Darren Thomson, Head of Cyber Security Strategy for CyberCube, said that a sophisticated social engineering attack had been used by ... Read the full article
COVID-19 to accelerate insurtech’s “silent metamorphosis”: Munich Re’s Paul Donnelly
17th July 2020
The COVID-19 pandemic is set to accelerate a “silent metamorphosis” that the re/insurance industry has been undergoing in recent years regarding its use of technology. This is according to Paul Donnelly, Executive Vice President for EMEA at Munich Re Automation Solutions, the specialist insurtech subsidiary of the global reinsurer. Speaking in an ... Read the full article
Battleface launches new COVID-19 travel insurance offering
17th July 2020
Travel insurance provider Battleface has announced a new policy designed to cover medical expenses caused by or resulting from COVID-19. The cover, which is being offered from today for travellers up to and including age of 59, does not include cover in relation to COVID-19 expenses for trip cancellations, curtailment of a ... Read the full article
Tokio Marine Kiln appoints Tobin Ryan as Head of Claims
17th July 2020
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has announced the appointment of Tobin Ryan as Head of Claims, following the retirement of Nick Sinfield. Ryan was previously Head of Property and Special Lines Claims at TMK, having joined the firm in 2012. In his new role, he will ... Read the full article
PwC bolsters UK insurance leadership
17th July 2020
PwC has announced the appointment of Alex Bertolotti to lead its UK insurance practice, replacing Jim Bichard in the role. Bichard will take on the role of global insurance leader. Bertolotti, who is also PwC’s global lead on IFRS 17, has experience that covers a wide range of clients and projects, including ... Read the full article
Berkshire Hathaway GUARD expands US homeowners coverage
17th July 2020
Berkshire Hathaway GUARD Insurance Companies, a U.S subsidiary of Warren Buffett’s global re/insurance company, has added Missouri, Washington, and Wisconsin to the list of states where it offers its Homeowners product. GUARD's product targets dwellings valued over $75,000 and includes one- to four-family residences, renters, and condo units. "Our goal is to ... Read the full article
Howden appoints new Chair ahead of RKH merger
17th July 2020
Independent broker Howden Broking Group has announced the appointment of Barnaby Rugge-Price as its new Chair. The move comes ahead of Howden's planned merger with RKH, which was announced by Hyperion in September 2019 and is set for completion this coming October. This consolidated platform and unified management team will be ... Read the full article
Whitespace secures “fully recognised” status with Lloyd’s ePlacing systems
17th July 2020
Whitespace, the digital e-trading platform for brokers and re/insurers, has been granted “fully recognised” status by Lloyd’s in its list of approved systems for the electronic placing mandate for managing agents. Whitespace was launched at the end of August 2019 and brought its 100th customer on board earlier in July. The platform ... 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.
