Reinsurance News
Zurich creates new Resilience Solutions services unit
18th March 2021
Global insurer Zurich has created a new unit designed to help meet the demand from businesses for risk prevention and mitigation services. Zurich Resilience Solutions, will provide services aimed at enhancing the overall resilience of a customer’s business and complement traditional insurance products. Its offering combines risk advisory services and insights with ... Read the full article
Tom Clark named CEO of RSG Underwriting Managers
18th March 2021
International specialty insurer, Ryan Specialty Group, has appointed Tom Clark as Chief Executive Officer (CEO) of RSG Underwriting Managers. His appointment comes after RSG hired Clark as executive vice president in January. Clark has over 33 years’ of industry experience, having recently served as president of Nationwide E&S / Specialty. RSG is ... Read the full article
Constellation appoints Crawford as President and CEO
18th March 2021
New York-based insurance consolidator platform, Constellation has appointed Ryan Crawford as president and chief executive officer. Crawford currently serves as Constellation’s senior vice president of insurance operations, and will succeed Bill McDonough when his position comes into place in June. Crawford has also been elected to Constellation’s board of director. McDonough commented: “I ... Read the full article
Buckle hires Everest Re’s Camerino as Head of Strategic Partnerships
18th March 2021
Insurtech company for the ride-share industry, Buckle has appointed James Camerino as Head of Strategic Partnerships. He joins from Everest Re where he most recently served as Chief Operating Officer. Previously, he was Senior Vice President at Munich Reinsurance America where he held claim, legal, and underwriting leadership positions. Prior to his COO ... Read the full article
Hannover Re in £3bn longevity swap with AXA UK Pension Scheme
18th March 2021
Hannover Re has entered into a longevity swap transaction with the AXA UK Group Pension Scheme, which will protect £3 billion of mostly deferred pension liabilities held in the Scheme’s Defined Benefit plan. The swap, which closed on 27 February 2021, will form part of the Scheme’s investment portfolio, building upon ... Read the full article
Allstate taps aggregate reinsurance cover as Feb losses hit $577m
18th March 2021
US primary insurer Allstate Corporation has announced that its estimated catastrophe losses for the month of February of $577 million, pre-tax ($456 million, after-tax). At this level, Allstate has now surpassed the retention level of its nationwide aggregate reinsurance cover, with the annual risk period ending March 31, 2021. Catastrophe losses in ... Read the full article
Integral ILS partners with Amwins & Core Specialty on new US property program
18th March 2021
Independent insurance-linked securities (ILS) fund manager, Integral ILS Ltd., has launched a new U.S. property insurance program with risks underwritten by Amwins and policies issued via subsidiaries of Core Specialty Insurance Holdings, Inc. Integral is set to assume U.S. catastrophe risk originated from Amwins' MGAs, including Amwins Access, Seacoast Brokers, Special ... Read the full article
Canada Life Reinsurance strikes €4.7bn longevity deal with Athora Netherlands
18th March 2021
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, annuity, and property & casualty business, has entered into a long-term longevity reinsurance transaction with Athora Netherlands, part of Amstelveen, Netherlands headquartered Athora Holding Ltd. The agreement, which highlights Canada Life Reinsurance's strength as a partner for longevity reinsurance ... Read the full article
LMG appoints Caroline Wagstaff interim CEO
18th March 2021
London Market Group has announced the appointment of Caroline Wagstaff as interim Chief Executive Officer. LMG says Wagstaff will be seconded on a part time basis from 1 April till the end of 2021, replacing outgoing CEO Clare Lebecq. Matthew Moore, Chairman of the LMG commented, “We are delighted that Caroline is ... Read the full article
Concirrus adds Paul Jardine to new advisory panel
18th March 2021
London-based marine and automotive insurtech firm, Concirrus, has established a new advisory panel comprised of global insurance and technology market experts with decades of industry experience. Over the last 24 months, Concirrus has expanded its client base of respected market leaders with the likes of Hiscox, Marsh, Willis ... Read the full article
Tokio Marine HCC Intl. hires Des Burke from Lloyd’s as CIO
18th March 2021
Tokio Marine HCC International, a member of Tokio Marine Group, has named Des Burke, formerly of Lloyd's of London, as its new Chief Information Officer (CIO), under the direction of Thibaud Hervy, Chief Underwriting Officer (CUO), Specialty Lines division. Joining from Lloyd's, where he most recently served as Chief Technology Officer ... Read the full article
Ed Messer joins Gallagher Re
18th March 2021
Specialist reinsurance broker Gallagher Re has announced the addition of Ed Messer as a Partner at the firm. Messer joins Gallagher Re from Aon, where he most recently served as Head of UK Analytics, based in London. "We are absolutely delighted that Ed has chosen to join Gallagher Re at this exciting ... Read the full article
R&Q raises stake in Tradesman; divests Roosevelt Road Re interest
18th March 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to raise its stake in Tradesman Program Managers, LLC, a New York-based Managing General Agent (MGA), from 35% to 40%. R&Q acquired its stake in Tradesman Program Managers in August of last year through the merger of its wholly ... Read the full article
Swiss Re notes long-term earnings potential, optimism for the year ahead
18th March 2021
Although global reinsurance giant Swiss Re fell to a net loss in 2020 on the back of a significant COVID-19 impact, the underlying business results remained strong and the company is optimistic about the future. Early this morning, Swiss Re published its 2020 Annual Report, Sustainability Report, and the agenda for ... Read the full article
Munich Re’s private client arm launches personalised tech-enabled offering
18th March 2021
Munich Re’s private client arm GrovesJohnWestrup has launched a new offering designed to offer a digital platform for insurance brokers and intermediaries. GrovesJohnWestrup’s offering is available via a digital portal platform that adopts a data-driven approach to provide fast response times regardless of the size or complexity a client requires. The offering ... Read the full article
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