Reinsurance News
Guy Carpenter names Aon’s Shephard as Head of GC Access, International
3rd December 2020
Reinsurance broker Guy Carpenter has appointed Miles Shephard, formerly of Aon, as Managing Director and Head of GC Access, International, effective October 2021. GC Access is the reinsurance broker's dedicated program business unit, focused solely on the development of fully optimised program solutions that connect MGAs and carriers. In his new role, ... Read the full article
Insurance broker Howden launches Reykjavik branch
3rd December 2020
Howden Broking has become the first international insurance broker to open a branch in Iceland, with the launch of a new office in the country's capital, Reykjavik, Through its operations in Finland, Howden has worked closely with clients in Iceland for a number of years. The new office in Reykjavik will deliver ... Read the full article
Chubb hires SVP for Overseas General Insurance
3rd December 2020
Global re/insurer Chubb has appointed Gabriel Lazaro as Senior Vice President, Digital Head for Overseas General Insurance. In this new role, Lazaro will have responsibility for digital insurance product distribution and sales efforts in countries and territories outside North America, working with Chubb's digital teams around the world. He will report to ... Read the full article
Turker Re enters alternative capital market with Turkey quake product
3rd December 2020
Lloyd’s broker Turker Re has set up a new Capital Solutions unit to tap into the alternative capital market, starting with a new industry loss warranty (ILW) product for earthquake risk in Turkey. Using its established presence in the Turkish marketplace, Turker Re is hoping to take a lead role in ... Read the full article
UnderwriteMe names Head of Asia-Pacific
3rd December 2020
Insurtech firm UnderwriteMe has announced the appointment of Paul Hughes to the newly created role of Head of Asia-Pacific. He will be responsible for leading the UnderwriteMe teams in Asia and Australia across all functions. Hughes’ remit includes designing and implementing a strategy for the Asia-Pacific region designed to deliver growth over ... Read the full article
Swiss Re urges more detailed public financial reporting
2nd December 2020
A new report by Swiss Re Institute has called for countries to provide a more detailed picture of their ‘net worth’ that would give investors, including re/insurers, more visibility into their fiscal capacity and resilience. According to the report, integrated public financial reporting that includes insights on national assets and liabilities ... Read the full article
Lockton recruits Aon trio to M&A team
2nd December 2020
Insurance broker Lockton has announced the addition of three transaction liability advisors, who have joined the firm from Aon to lead its mergers and acquisitions (M&A) consulting offering. Joshua Halpern, Gaurav Sud and Eric Ziff are expected to significantly bolster Lockton’s M&A advisory and brokerage capabilities concerning the placement of representations ... Read the full article
LSM promotes Aslam Rafique to new downstream energy role
2nd December 2020
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the promotion of Shazia Aslam Rafique to the newly created role of Regional Product Line Manager – Downstream Energy for London, Europe and Dubai. She reports to Michael Gosselin, Chief Underwriting Officer, Specialty in her London and Europe role ... Read the full article
AXIS Re adds Senior Property Underwriter, EMEA & LatAm
2nd December 2020
The reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, AXIS Re, has appointed Emilie Hungenberg as a Senior Underwriter, Property, EMEA & Latin America. In her new role, Hungenberg takes on responsibility for underwriting a property treaty portfolio for France, Benelux, Iberia, and Africa. She will work alongside the underwriting team responsible ... Read the full article
Palomar hires new Chief Legal Officer
2nd December 2020
California-based insurance holding company, Palomar Holdings, Inc., has appointed Angela Grant as Chief Legal Officer, effective immediately. Grant brings more than three decades of operational and legal experience in the insurance industry and will oversee all in-house and corporate counsel duties. She most recently served as Chief Legal & Innovation Officer at ... Read the full article
Allianz to acquire Westpac’s GI business for AUD 725m
2nd December 2020
Global insurer Allianz has reached an agreement to acquire the general insurance (GI) business of Australian bank and financial services provider, Westpac, for AUD 725 million (approx. USD 535 million). As part of the arrangement, Allianz and Westpac have entered into a new 20-year exclusive agreement for the distribution of general ... Read the full article
Historic cats, large pandemic losses dent NA P/C insurers in 9M20: Fitch
2nd December 2020
The high frequency of catastrophe events experienced in the U.S. through the third-quarter of 2020, coupled with a substantial level of additional losses related to the ongoing COVID-19 pandemic, hindered the performance of North American (NA) property/casualty (P/C) re/insurers in 9M 2020, reports Fitch Ratings. Fitch's analysis looks at the 9M ... Read the full article
Fairfax to sell RiverStone Europe to CVC in $750m transaction
2nd December 2020
Fairfax Financial Holdings Limited has reached an agreement to sell all of its interests in RiverStone Europe to CVC Strategic Opportunities Fund II, a vehicle owned and operated by CVC Capital Partners, for a purchase price of USD 750 million. At the same time, it's been announced that OMERS, the pension ... Read the full article
Chubb’s John Keogh appointed President
2nd December 2020
John Keogh, Executive Vice Chairman and Chief Operating Officer (COO) of Chubb Group, has been named as the re/insurer's new President, effective immediately. As President and COO of Chubb, Keogh will continue to report to Evan Greenberg, the company's Chairman and Chief Executive Officer (CEO), and his current companywide responsibilities remain ... Read the full article
Catalina Holdings adds three Non-Exec Directors
2nd December 2020
Legacy space specialist Catalina Holdings has appointed Tony Cunningham and Chris Harris as Independent Non-Executive Directors, with Fiona Walden as RenaissanceRe’s appointed Non-Executive Director. The appointments follow the resignations from the board by Aditya Dutt and Jacques Bonneau. Cunningham is a former Partner at Lane Clark & Peacock. His previous experience includes ... Read the full article
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