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Convex names Paskin & Butt as CEO’s of core underwriting subsidiaries

18th September 2020

International speciality insurer and reinsurer, Convex Group Limited, has announced the appointment of Matt Paskin as Chief Executive Officer (CEO) of Convex Re Limited (Bermuda) and Theo Butt as CEO of Convex Insurance UK Limited (London). Both of these roles were previously held by Convex Co-Founder and Group Deputy CEO, Paul ... Read the full article

DUAL Asset enters DUAL strategic partnership with Accredited Insurance

18th September 2020

DUAL Asset, part of Hyperion Insurance Group's underwriting arm DUAL, has announced a long-term partnership with specialist program manager Accredited Insurance (Europe), for its UK legal indemnity insurance business. The deal will see Accredited's UK Branch join DUAL Asset’s online comparison sites. DUAL Asset’s online quote and buy portal provides a range ... Read the full article

Challenges from COVID-19 expected to continue for Asia-Pacific: AM Best

18th September 2020

A new report from financial services ratings agency, AM Best explores how the challenges from COVID-19 are expected to continue evolving for the Asia-Pacific reinsurance sector. In the report, “Global Reinsurers Maintain Equilibrium Through COVID-19 Turbulence,” it notes that the Asia-Pacific region remains an important growth and diversification play for international ... Read the full article

Marine market sees modest recovery but future uncertain: IUMI

18th September 2020

The International Union of Marine Insurance (IUMI) has noted a modest recovery in the marine re/insurance market during the 2019 underwriting year, but warns that the future of the market remains uncertain due to the COVID-19 pandemic. IUMI estimates that marine underwriting premiums totalled $28.7 billion in 2019, representing a 0.9% ... Read the full article

Combined Aon / WTW to foster a new standard of client leadership & innovation

17th September 2020

The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article

Guy Carpenter partners with insurtech RiskGenius on silent cyber risk

17th September 2020

Guy Carpenter, the reinsurance arm of global broker Marsh, has established a partnership with insurtech RiskGenius to help evaluate potential silent cyber exposure. The partnership will provide clients with a means of assessing their silent cyber exposure at scale, while generating risk insights designed to support a greater understanding of silent ... Read the full article

Blenheim parent secures £80mn investment from Alchemy

17th September 2020

White Bear Capital, the parent company of Lloyd's syndicate Blenheim, is to receive an investment of £80 million from Alchemy Special Opportunities Fund IV, a closed private equity fund managed by Alchemy Partners. As part of the deal Alchemy will take a substantial stake in the group alongside the staff and existing investor ... Read the full article

Phinsys launches Inform, a new finance data dashboard

17th September 2020

Finance automation software provider Phinsys has announced the launch of Inform, a new finance data dashboard designed to allow insurers to aggregate their finance data and optimise it for accurate reporting and analysis. Phinsys says the dashboard enables finance and actuarial teams to see the granular data they need for individual ... Read the full article

Xceedance and Oasis LMF offer exposure analysis for US perils

17th September 2020

Re/insurance service provider Xceedance has teamed up with the Oasis Loss Modelling Framework (Oasis LMF) to offer on-demand exposure analysis and results for three key US catastrophe perils. In partnership with model providers CoreLogic, Fathom, and Applied Research Associates (ARA), the Xceedance-Oasis LMF services provide loss metrics for US earthquake, flood, ... Read the full article

New wildfire regulations introduced for Californian insurers

17th September 2020

A series of new regulations will be introduced to Californian insurers due to the current wildfires which are continuing to burn across California. Insurance Commissioner Ricardo Lara has scheduled an investigatory hearing on Monday, October 19. The hearing will take place in order to initiate a series of regulatory actions that ... Read the full article

Industry viewed pandemic risk through too narrow a prism: SCOR’s Kessler

17th September 2020

For the most part, pandemic had historically been viewed as a life catastrophe exposure, but the COVID-19 outbreak has shone a light on the potential impacts of a pandemic on the global property & casualty (P&C) sector. In a keynote held this morning as part of insurer and reinsurer SCOR's virtual ... Read the full article

AXIS Insurance expands U.S. Excess Casualty team

17th September 2020

AXIS Insurance, part of AXIS Capital Holdings, has announced the appointments of Jonathan Martin and Jennifer Fisher as Vice President and Assistant Vice President, respectively, within the its U.S. Excess Casualty underwriting team. Martin joins AXIS with over 12 years of experience at Gen Star Management where he held a variety ... Read the full article

Third Point Re takes stake in new Bermuda MGA Arcadian Risk Capital

17th September 2020

Third Point Re, the Bermuda-based reinsurance company, has announced an investment and partnership with new managing general agent (MGA) Arcadian Risk Capital Ltd. a start-up led by well-known industry executive John Boylan. Boylan is launching Arcadian Risk Capital Ltd. as an MGA focused initially on underwriting Excess Casualty and Professional Lines ... Read the full article

RT Specialty appoints Seth Johnson President of Binding Authority

17th September 2020

RT Specialty, the wholesale brokerage unit of Ryan Specialty Group, has appointed Seth Johnson president of RT Binding Authority. Effective January 1, Johnson will succeed Scott H. Smith, who announced his intent to retire at the end of 2019. Johnson is currently president of RT Specialty - Atlantic, having joined the company ... Read the full article

Generali (GC&C) appoints Head of Underwriting in Asia

17th September 2020

Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has announced the appointment of Brendan McDonald as Head of Underwriting for Asia. McDonald joined Generali in 2018 as Head of Financial Lines Underwriting for GC&C Asia. Prior to that, he was Head of Liability at Oman Insurance Company ... Read the full article

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