Reinsurance News
Pool Re issues strategy paper coinciding with government review
1st October 2020
Pool Re, the UK's government-backed terrorism reinsurer, has released a forward-looking strategy paper that coincides with the government's latest five year review. The review aims to ensure the good functioning of the UK’s terrorism re/insurance market, proper protection of public interests, and Pool Re’s proposed strategic direction for the next ... Read the full article
RenRe’s Doak departs to launch insurance-focused private investment firm
1st October 2020
Bermuda-based reinsurer, RenaissanceRe Holdings Ltd. (RenRe), has announced that Michael Doak, the Senior Vice President (SVP) and Portfolio Manager for the firm's strategic investment portfolio, will be departing to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry. Doak has worked for RenRe as SVP for ... Read the full article
Lockton appoints Patrick Pribyl to lead new National Surety Practice
1st October 2020
Insurance and reinsurance brokerage, Lockton, has announced the launch of its National Surety Practice, which is to be led by surety market veteran, Patrick Pribyl. Lockton's new National Surety Practice will have a focus on surety support for clients backed by all Lockton business lines; alignment of resources and technical expertise; ... Read the full article
Pandemic overtakes climate change as top market concern: AXA
1st October 2020
The latest Future Risks Report from AXA has found that pandemic and infectious diseases have risen quickly to become the foremost concern of risk management experts and the general public this year. Previously ranked as the eighth most concerning risk in 2019, the global outbreak of COVID-19 has since propelled the ... Read the full article
F&G agrees sale of Bermuda reinsurance subsidiary to Aspida Holdings
1st October 2020
US title insurance company, Fidelity National Financial, Inc. (FNF) and F&G, a provider of annuities and life insurance, have announced that F&G has reached an agreement to sell F&G Reinsurance Ltd (F&G Re) to Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation. F&G Re is the Bermuda domiciled reinsurance ... Read the full article
Coverys European Holdings launches Lloyd’s broker Celeritas
1st October 2020
Coverys European Holdings (CEH), a division of Coverys that invests in specialty managing general agencies across continental Europe and the UK, has announced the launch of Celeritas, a European broker for both open market placement and binder business. Binders & risks sourced by the broker will work with syndicates across Lloyd’s ... Read the full article
Dun & Bradstreet names James Harrison as Head of Insurance for UK business
1st October 2020
Dun & Bradstreet, a global provider of business decisioning data and analytics, has announced the appointment of James Harrison as Head of Insurance for its UK operation. With the ongoing COVID-19 pandemic accelerating the need for digital transformation across the insurance industry, Harrison joins Dun & Bradstreet at a vital time ... Read the full article
Chubb hires Casualty Manager for MENA region
1st October 2020
Global re/insurer Chubb has announced the appointment of Konstantin Tretiakov as Regional Casualty Manager for the Middle East and North Africa (MENA) region. Tretiakov has 18 years of industry experience and previously served as Chubb’s Casualty Manager for Russia & CIS. He has held a variety of roles in Russia, including as ... Read the full article
Corporate bond holdings pose risk to insurers’ balance sheets: AM Best
1st October 2020
Recent macroeconomic uncertainty due to the COVID-19 pandemic is a concern for insurers’ balance sheets, as corporate bonds constitute a majority of the insurance industry’s assets, according to a new AM Best report. The corporate bond sector has supposedly taken advantage of the low interest rate environment and as a result ... Read the full article
QBE Asia hires Head of Agency for Hong Kong
1st October 2020
Re/insurance provider, QBE Asia has announced the appointment of Alex Chan as the Head of Agency for Hong Kong. Chan has over 25 years of experience across distribution, sales and relationship management. Prior to joining QBE Hong Kong, Chan held a number of senior positions in global insurance organisations. His previous positions include ... Read the full article
“Foolish” & “lazy” to say pandemic risk is completely uninsurable: Chubb’s Keogh
30th September 2020
While the re/insurance industry can't do it alone, taking the stance that the sector can't insure pandemic risk at all is a mistake, according to John Keogh, Executive Vice Chairman and Chief Operating Officer (COO), Chubb. Keogh discussed the industry's response to the COVID-19 crisis and its role in future pandemic ... Read the full article
California authorities to work with insurers on wildfire mitigation
30th September 2020
California Governor Gavin Newsom has directed state authorities to work with Insurance Commissioner Ricardo Lara to explore ways that communities and the re/insurance industry can work together to better mitigate wildfire risks. Newsom’s instructions came alongside his signing of two new bills that expand consumer protections related to additional living expenses, ... Read the full article
2021 Insurance Institute of London officers announced
30th September 2020
The Insurance Institute of London (IIL) has announced Anthony Baldwin, Julian Enoizi and Christopher Lay as new officers for 2020-21. Baldwin has officed as the new President of the Insurance Institute of London (IIL) for 2020-21 at the AGM on Mon 28 Sept. He succeeds Charles Berry. He is joined by new ... Read the full article
AGILE collaborates with location data expert HERE Technologies
30th September 2020
London-based MGA start-up AGILE Risk Partners has entered into a new partnership with HERE Technologies, a provider of mapping and location data situated in the Netherlands. The aim of the collaboration is to create a solution for third-party brokers and re/insurers that offers services for data cleansing asset schedules. AGILE hopes to ... Read the full article
Nexus Group strengthens US roster of carriers
30th September 2020
Managing general agent, Nexus Group (Nexus) has announced that it has further bolstered the Nexus US roster of A rated carriers. This move will allow its specialist financial lines team to be able to underwrite on an Excess & Surplus basis in addition to its existing Admitted Miscellaneous Professional Liability product. Both ... 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.
